UWL awarded Knowledge Exchange funding for technology transfer project
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UWL can confirm it will receive £420,286 funding from Research England to help improve technology transfer office (TTO) and spinout functions.
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The UWL Knowledge Exchange team will lead an innovative project to create ‘VirtualTTO’: an end-to-end solution for scalable and effective spinout support utilising artificial intelligence and TTO best practice. Following a successful proof of concept exercise in May and June this year, the development of a prototype created by MDRx LLP and UWL will now continue.
‘Virtual TTO’ is an AI-powered product that saves time and increases capability for TTOs and inventors, improving the quality of invention disclosures, IP assessments, encumbrance checking, technology readiness levels and more. It provides real-time mentorship for researchers and reducing the administrative burden for TTOs to augment and support larger portfolios of IP to spin-out.
John Charlton, Head of Knowledge Exchange and Business Engagement at UWL, said,
This project reflects our strategic priority to continue growing our research commercialisation portfolio. The new TTO product will increase capability for universities, introducing a new model of efficiency to support their pipeline of spin-out opportunities.”
Sian Rodway, Chief Operating Officer at MDRx LLP, commented,
We are world class at building successful ventures, and we proudly partner with similarly minded organisations like UWL.
AI presents an untapped opportunity to reduce barriers to entry and scale, the product will address the lack of critical mass that undermines the work and efficacy of small to medium-sized TTOs around the country. By unblocking them we can make an enormous net contribution to the UK economy and add value to researchers and universities alike.”
James Boyle, a partner in the Innovation Team at Mishcon de Reya LLP, added,
The collaboration exemplifies a dynamic and capable consortium committed to delivering a high impact solution. We believe this project will significantly enhance the efficiency and effectiveness of TTOs across the UK, fostering innovation and economic growth.”
There will be continuous learning by the AI itself based on user feedback. The product will draw on “best-of” TTO practices by HEPs, industry advisors and University Spin-out Investment Terms Guide. Using the latest GenAI technology, these methods will democratise access and application of best practice.
UWL's School of Computing and Engineering will offer technical consultancy throughout the project, with Professor in AI and Advanced Computing Dr Julie Wall serving as a member of the governance group. Our School of Medicine and Biosciences will also support the project, with Professor of Biomedical Science Dr Bernadine Idowu joining the group as project consultant for Equality, Diversity, and Inclusion.
Professor Geoff Rodgers, Pro-Vice-Chancellor (Enterprise and Employment) at Brunel University, said,
The project team assembled make for a very exciting and powerful initiative, with a strong West London focus. We are delighted to be part of this innovative project.”
Stuart Wright, Chief Technology Officer at SEGA Europe Ltd, commented,
We are delighted to join this project led by the University of West London. The opportunity for SEGA Europe to transfer our knowledge and help democratise the spinout journey for universities is an exciting prospect.”
The six-month initiative is in partnership with Mishcon de Reya LLP, MDRx LLP, Sega Europe and Brunel University London. The project will begin in November with plans to launch the product to the HE sector and wider public in Spring 2025.
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