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7 March, 2006 - 17:47 By Staff Reporter

New director at Cambridge Enterprise

The University of Cambridge is appointing American Teri F. Willey, an expert in commercialising early stage technologies based on university research, as the new director of Cambridge Enterprise.

The University of Cambridge is appointing American Teri F. Willey, an expert in commercialising early stage technologies based on university research, as the new director of Cambridge Enterprise.

Working with university staff and students, Cambridge Enterprise licenses technology and incubates new technology-based companies.

US-born Willey comes to Cambridge after spending five years as managing partner of ARCH Development Partners, a Chicago-based early stage venture fund.

Prior to this, she was Vice President for ARCH Development Corporation, a wholly owned subsidiary of the University of Chicago, which handles licensing and new company development. The Vice-Chancellor, Professor Alison Richard, said: “Ms Willey’s appointment is excellent news for the University; she brings tremendous experience in commercialising university research to Cambridge Enterprise.”

Pro-Vice Chancellor for Research, Professor Ian Leslie, said: “Over the last several years, Cambridge has built an impressive record in knowledge transfer. Ms Willey’s leadership will enable Cambridge Enterprise to continue to evolve, exploring ways to better serve innovators as well as engage industry.

“She fully understands the need to collaborate with academics, and that academics ultimately have a choice about working with Cambridge Enterprise or not.”

Cambridge Enterprise is one of the UK’s leading knowledge transfer offices, licensing patents and other intellectual property to existing companies, both large and small as well as to spinouts formed to exploit university technology.

Willey said: “Cambridge Enter-prise has developed solid elements in consulting support, patents, licensing, new business creation and seed venture. The new IPR policy provides clarity and, combined with a vibrant Cambridge environment, gives a solid foundation for long-term growth and activity.”

In 2005, 40 licences and options were granted, with income from licensing exceeding £2.7 million. Cambridge Enterprise also assessed 127 invention disclosures and filed 41 new UK patent applications.

Three new spin-outs have also been created – Camfridge, Enecsys and Enval – with many more start-ups receiving advice and support.

Demand for academics’ technical advice added a further £1.5 million of consulting revenue.

 

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