More than 2,000 jobs created from University College London's research, report says

University College London has created businesses that have attracted £2.8 billion in investment over five years
University College London campus
Google
Anna Davis @_annadavis21 February 2024

Research breakthroughs made at one of London’s top universities have been turned into businesses employing more than 2,000 people, a new report reveals.

A life-saving breathing device for Covid-19 patients is one of the ideas developed at University College London that was rolled out globally and has changed the lives of people around the world.

More than 70 ‘spinouts’ from UCL research are currently in operation and have attracted more than £2.8 billion in investment over the past five years, according to a report by UCL Business, the organisation that turns ideas from UCL’s academics into companies.

The businesses created include a firm that develops gene therapies for hard-to-treat cancers and a social venture that helps children to eat more healthily.

The report said the UCL-Ventura - a low-cost breathing aid developed by a team at UCL and others – ended up reaching Covid-19 patients in more than 30 countries, including Pakistan, Peru and Uganda.

The device reduced the number of patients who needed to be moved onto invasive mechanical ventilation.

It was made possible because a team at UCL Business made the designs available through an e-licensing platform that allowed them to be rapidly distributed around the world.

Dr Anne Lane, CEO of UCL Business, said: “Behind every spinout success are also individual stories of impact. Whether it’s through life-saving gene therapies, pioneering technologies, or community projects, there are people across the world who have been positively impacted by the work we do alongside UCL researchers and academics.”

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in