Ideas to impact public sector support for research commercialisation: strengths, ambition and progress report
A progress report on public sector support for research commercialisation in Scotland highlighting our strengths and ambitions for the future.
Metrics
This report marks a good point in our journey to take stock of where we are, but is also an opportunity to position where we want to be in five years’ time. We will track our progress toward making a step change in commercialisation performance through a number of key metrics over the next five years, as outlined below.
| Inputs | Outputs | Outcomes | |||
|---|---|---|---|---|---|
| Current figure |
Short-term (1-3 years) |
Medium-term (3-7 years) |
Long-term (10+ years) |
||
| Proof of Concept and translational research funding |
Increase in the number of translational research projects supported Reduced time from discovery to commercialisation |
413 innovation disclosures22 |
Increased number of innovation disclosures Increased volume in pipeline of developing projects |
Increased number of projects resulting in spinout formation, licensing or consultancy deals | Sustainable economic growth underpinned by a strong and consistent pipeline of world-leading research projects |
| Greater commercialisation expertise across Scotland |
More diverse spinout founding teams More spinouts surviving 3+ years Increased access to TTO support across the HE sector |
243 active spinout companies23 81% survival rate (3+ years)24 3 Scottish Universities in the TIMES Top 200 University Rankings25 2 Scottish Universities in the Top 50 European Spinouts Rankings26 |
Increased pipeline of active spinout companies Survival rate (3+ years) |
Greater retention and recycling of C-suite commercial talent Improved access to specialist TTO support across Scotland |
Scotland recognised globally for turning excellence into enterprise |
| More supportive scaling infrastructure for spinouts |
More spinouts scaling in Scotland Increased UK and EU Regional Funding leveraged in Scotland |
4,105 employment generated *direct only*27 | Greater retention of spinout HQs in Scotland | Employment generated *direct only* |
Attracting further inward investment to Scotland in R&D Building of sector clusters of excellence and regional prosperity |
| Co-investment mechanism with private venture capital | Greater follow-on private investment leveraged |
Risk capital deals under £10 million - 293 total, value of £331 million (52 spinout deals, value £176 million)28 Later-stage spinout equity deals > £10 million - 17 total, value £373 million (4 spinout deals, value £97.2 million)29 |
Risk capital spinout deals under £10 million (number and value) Later-stage spinout equity deals > £10 million (number and value) |
Growth in value of spinouts Growth in number of spinout deals |
Increase in national competitiveness and resilience of spinouts |
| Commitment to supporting female founders and diversifying commercialisation teams |
More female academics involved in research commercialisation More diverse spinout founding teams More female-led scaling high-growth businesses |
20% POC projects female-led Female spinout founders 4.5% of total30 |
Increased % of POC projects female-led |
Greater percentage of female spinout founders Increased capital raised by female-led spinouts |
|
Contact
Email: Spinouts@gov.scot