Oxford University Innovation - Impact Report 2024

Executive Chair's Foreword

As the world confronts increasingly complex challenges – climate change, public health crises, and technological disruptions – our ability to innovate at speed and scale has never been more critical.

“Oxford’s spinouts are not just being created, they are also becoming attractive acquisition targets for global industry leaders.”

Theory of Change

This impact report will centre around OUI’s “Theory of Change” – a model that explains how OUI facilitates the creation of impact from ideas in the University of Oxford.

Inputs

Activities

Outputs

Outcomes

Impact

Activities

Our activities at OUI are driven by our engagement with a wider ecosystem in and around the University of Oxford and our science and innovation campuses.

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Outputs

The results of the work we do at OUI, these include licence deals, consultancy contracts and startups / spinout companies created.

£31.1m

Total income
(2023/2024)

£15.9m

Returned to
the University

93

New patents
filed

£19.5m

Seed funding
raised

Outcomes

Around the world, our companies, clients and licensees raise investment, create jobs, and build and sell products or services.

72

Companies reported to OUI on number of users, UN SDGs and impact metrics.

411

Total number of licenses

746k

Individual companies used academic consultants or university facilities

Impacts

Outcomes created by consultancies, companies and licensees lead to longer term impacts on the economy, people and planet. This external impact has additional benefit to the university through REF case studies and financial returns which create the opportunity for future research funding for years to come.