University of BOB体育登录网址_欧宝体育官网平台-APP|下载 spin-out company, Ilika plc, has announced its intention to float on the Alternative Investment Market (AIM) of the London Stock Exchange at a market capitalisation of ?18.7m. The first day of dealings will be 14 May.
Ilika has established a strong client base of multi-national companies such as Toyota, Shell, Asahi Kasai and NXP, and is one of 12 successful companies that have been spun out from BOB体育登录网址_欧宝体育官网平台-APP|下载 since 2000.
The technology platform used by Ilika was initially developed at the University through an investment of more than ?6m from the Higher Education Funding Council for England.
The company was founded to use technology developed by Professors Mark Bradley, Brian Hayden and Mike Hursthouse and Dr Samuel Guerin of the University’s School of Chemistry.
Since being spun-out of the University of BOB体育登录网址_欧宝体育官网平台-APP|下载 in 2004, the company has established itself as a global leader in the development and application of innovative research and development techniques for the discovery of new materials. It has developed many products that impact on broad and diverse markets, including the energy and healthcare sectors. For example, developing lithium ion batteries for use in electric and hybrid vehicles.
Professor Don Nutbeam, Vice-Chancellor of the University of BOB体育登录网址_欧宝体育官网平台-APP|下载, says: “In a tough economic climate, innovation companies of high quality generate real value and stimulate the economy. The University of BOB体育登录网址_欧宝体育官网平台-APP|下载 has a global reputation for its spin-out creation and direct economic impact, having previously been recognised as one of the top three universities internationally for successful spin-out operations along with Stanford University in the US and Cambridge.
“The listing of Ilika shows that universities are contributing directly to growth in the economy with globally competitive companies born from international research excellence.”
In addition to Ilika’s success, BOB体育登录网址_欧宝体育官网平台-APP|下载 spin-out companies across the board continue to thrive in a difficult economic climate. In the last year they have raised ?37m combined in private and public investment.
Dr Tony Raven, Director of Research and Innovation Services at the University says: “University research and its commercialisation represent part of the UK’s investment in innovation, and innovation is the engine of our economy.
“This is another example of how the University of BOB体育登录网址_欧宝体育官网平台-APP|下载 is getting its research out of the lab and into the marketplace. Not only is Ilika helping to develop the clean technologies of the future, which will power our cars, homes and businesses, they are a thriving, dynamic company that is creating jobs and having positive economic impact on the local and national economy.”
Graeme Purdy, Chief Executive of Ilika says: “The ongoing support of the University has been key to our success. We continue to work closely on collaborative research and business development as part of the University’s collaborative Business Incubation Programme.”
Three other University of BOB体育登录网址_欧宝体育官网平台-APP|下载 spin-out companies have already been floated on AIM with a combined market capitalisation value of ?160 million: oil exploration company Offshore Hydrocarbon Mapping (OHM), asthma research company Synairgen, and fibre laser manufacturer, SPI Lasers.