Financial Overview 2022 - 2023
The Oxford Opportunity
In 2023, the University of Oxford achieved a milestone with the creation of its 300th company, confirming Oxford’s pole position as the UK’s most prolific creator of university-originated companies.
Starting with Oxford Instruments in 1959, the University has created academic spinouts, social ventures and startups across the breadth and depth of its many scientific disciplines. Companies are providing grand solutions to global challenges, with Oxford DNA at their core.
20 New companies
£730.8m raised across portfolio companies
£32m seed funding secured
Ideas born from Oxford’s physics research are creating quantum computers and fusion energy. Our life science researchers are developing life-saving vaccines and finding solutions to treat the untreatable. Roboticists and computer science academics are putting autonomous vehicles on the road and building new models of AI.
A science superpower
Pivotal to the UK’s aspirations of establishing itself as a science superpower, Oxford delivered 20 new companies between FY 2022 – 2023, raising £32m collectively at the seed round. Most notably, serial academic entrepreneur Professor Robert MacLaren co-founded Beacon Therapeutics, a life sciences company building on his work with Nightstar Therapeutics, raising £96m in series A funding for its genetic therapeutics technology capable of curing rare diseases which cause blindness.
Our family of companies secured a further £698.8m in venture investment over the same period FY 2022 – 2023 – funding that will scale and accelerate transformative technologies for the benefit of our economy and our society.
Osler Diagnostics, a company realising the holy grail of fast and effective tabletop diagnosis equipment, capable of identifying a range of conditions from a single prick of blood, secured £71m when it emerged from stealth. Meanwhile, Oxford’s dynamic quantum community was bolstered by news of Quantum Motion, a company developing silicon-based quantum computers, raising £40m.
“Together with the University, our companies, and our partners in the Oxford ecosystem, OUI is helping support £3.4bn of economic impact per annum”*
This investment has been galvanised by the tremendous efforts of Oxford Sciences Enterprises (OSE). To date, OSE has invested £600m into Oxford companies, significantly contributing to the £6.3bn invested in Oxford companies since 2011. This direct investment has been met with co-investment from leading global investors and has catalysed our capacity to create ground-breaking companies. Since OSE’s creation in 2015, over half of Oxford’s 300 companies have been created, rising from an average company formation rate of 4 or 5 per year to 20 per annum.