New leadership at Cambridge Enterprise


02-03-2006

The University of Cambridge is appointing 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.



United States born Ms Willey comes to Cambridge after spending five years as managing partner of ARCH Development Partners, Chicago, an 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 and I'm delighted to welcome her to Cambridge. 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 United Kingdom'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.



Commenting on her appointment to Cambridge Enterprise, Ms Willey said: 'I am delighted to work with the outstanding professionals at Cambridge Enterprise and look forward to becoming part of this dynamic community.



'Cambridge Enterprise 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). Additionally, Cambridge Enterprise assessed 127 invention disclosures and filed 41 new UK patent applications.



Three new spinouts 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.



Further information on Cambridge Enterprise, including a list of companies formed by staff and students, can be found at: http://www.enterprise.cam.ac.uk





Cambridge Enterprise brings the University's existing commercialisation activities previously performed by the Technology Transfer Office, the University Challenge Fund and the Cambridge Entrepreneurship Centre, together in the one new organisation, to enhance the University of Cambridge's contribution to society through knowledge transfer from the University to the community.



Services provided include: identification, protection and licensing of Intellectual Property, support, advice and mentoring in the creation of companies and links to industry through showcasing and networking events.





*******



For additional information, please contact: Genevieve Maul, University of Cambridge Office of Communications, 01223 332 300 or Genevieve.maul@admin.cam.ac.uk

To read more information, click here.

Cambridge Enterprise exists to help University of Cambridge inventors, innovators and entrepreneurs make their ideas and concepts more commercially successful for the benefit of society, the UK economy, the inventors and the University.

Cambridge Enterprise, University of Cambridge