UK – Airbus deal shows how universities can prosper from successful science spinoffs
April 1st, 2008
By Keith Nuthall
The potential riches that can be gained by universities spinning off successful science units into commercial operations has been made clear by a deal involving Britain's University of Surrey and Airbus-maker EADS Astrium.
It has acquired the university's Surrey Satellite Technology Limited (SSTL) for an estimated GBPounds 50 million. The spin-off designs and manufactures small and micro-satellites.
Surrey's Professor Sir Martin Sweeting, executive chairman of SSTL, said the deal would strengthen SSTL, which would continue its pioneering work. ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.