Spin and You're In

Spin And You're In!

HIP HIP HOORAY! Recognition has arrived for our brightest and best minds and has provided an incentive for them to take academic research and develop it into a commercially viable proposition.

One of the items to survive in the Finance Act 2005 was the new legislation to benefit researchers acquiring shares in research institutions' spin-out companies. Researchers in a variety of institutions — not only universities but also other higher education establishments and certain not for profit institutions undertaking research — are able to benefit if the intellectual property that they develop is successful. One of the methods of reward is the acquisition of shares in a company set up to exploit the research. The new legislation is aimed at enabling researchers to acquire shares in the spin out companies without significant tax charges on the assumption that it is the transfer of intellectual property...