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Oxyntix Ltd. spun-out of the University of Oxford by Isis Innovation Ltd with £1m funding


Oxford, UK, 7th July 2011 Oxyntix Ltd, a new company spun-out from the Engineering Department of the University of Oxford by Isis Innovation Ltd., has completed an investment round of £1m.

Scientists at Oxford University are proposing a new method of achieving extreme intensity bubble collapse. This technology has numerous potential applications, notably in nuclear fusion power generation and in sonochemistry, among others. Using state-of-the-art computational simulation techniques, descriptions of unprecedented detail and insight for into the collapse events have been achieved. These have led to the discovery of processes and devices allowing for the control and intensification of the collapse. Oxyntix Ltd has been established to allow development and validation of the Oxford team’s existing research findings, which are already patent-protected.

The financing was led by IP Group plc, alongside Parkwalk Advisors and a number of Angel investors.

Yiannis Ventikos, a Professor at Oxford University and a co-founder of the company, said: “I am delighted that such an agile and flexible funding structure has been put together. It allows us to develop further this very ambitious research programme in a timely manner; especially given the stakes this work entails and the constraints in funding that research faces, in the UK but worldwide as well.”

Stephen Brindle, a partner with Technikos LLP, said: “It is a privilege to be supporting Oxyntix Ltd, which is our first spin-out since IP Group acquired a stake in our fund earlier this year. It’s encouraging to see that we’ve been able to leverage our respective Oxford “platforms” so successfully in such a short time”.

Tom Hockaday, Managing Director of Isis Innovation Ltd., said: “Having worked with the researchers and investors for several years we are truly delighted to have reached such an important milestone in commercialising this breakthrough technology.”

~ ENDS ~

About Oxyntix Ltd

Oxyntix Ltd has been established to allow development and validation of the Oxford team’s existing research findings, which are already patent-protected.

About Isis Innovation

Isis Innovation is the University of Oxford's technology transfer company and manages the University's intellectual property portfolio, working with University researchers on identifying, protecting and marketing technologies through licensing, spin-out company formation and material sales. Isis files on average one new patent application each week, has concluded over 500 technology licensing agreements, and established 71 new spin-out companies from Oxford since 1997. Isis also manages Oxford University Consulting, which arranges consulting services providing clients access to the world-class expertise of the University's academics to enhance innovative capability. Last year OUC arranged over 150 consulting deals. Isis has a separate business division, Isis Enterprise, offering consulting expertise and advice in technology transfer and open innovation to university, government and industrial clients around the world. Isis was founded in 1987 and is today one of the world's leading technology transfer and innovation management companies. www.isis-innovation.com

About Technikos LLP

Technikos is a London based venture capital fund specialising in early stage medical technology. In 2006 Technikos entered into a long term commercial partnership with Oxford University’s Institute of Biomedical Engineering.

About IP Group

IP Group is an intellectual property (IP) commercialisation company that specialises in commercialising university technology. Founded in 2001, IP Group listed on AIM in October 2003 and moved to the Official List in June 2006. It has made two acquisitions to date - Techtran, a company set up to commercialise university intellectual property under a long term contract with the University of Leeds, in 2005 and Top Technology Ventures, an investment adviser to early stage technology venture capital funds, in 2004.

IP Group has formed long-term partnerships with ten universities - the University of Oxford, King's College London, CNAP/University of York, the University of Leeds, the University of Bristol, the University of Surrey, the University of Southampton, Queen Mary (University of London), the University of Bath and the University of Glasgow.

The Company's portfolio is diverse with exposure to five main sectors - Energy & Renewables, Medical Equipment & Supplies, Pharma & Biotech, IT & Communications and Chemicals & Materials. To date, thirteen portfolio companies have listed on the AIM market of the London Stock Exchange, one on PLUS Markets and there have been five trade sales.

For more information, please visit our website at www.ipgroupplc.com.

About Parkwalk

Parkwalk Advisors invests in, and raises capital for, innovative UK technology companies. Parkwalk offers tax efficient investment solutions built on an ethos of integrity, transparency and clarity of fees.

Parkwalk's flagship series of EIS funds specifically invest in UK University technology spin-out companies and are designed to offer investors generous tax benefits and significant tax free growth potential.

Parkwalk's Corporate Advisory business assists public and private companies raise capital through public and private debt and equity markets. The Firm also offers advice on M&A, IPO's and corporate strategy. Parkwalk also offers both corporate and institutional broking services.

Enquiries to:

Isis Innovation Ltd

Simon Gray, Marketing & Communications Manager simon.gray@isis.ox.ac.uk

Technikos LLP

Stephen Brindle +44 (0) 7920 493 030

IP Group plc

Alan Aubrey, Chief Executive Officer +44 (0) 20 7444 0050

Mike Townend, Director of Capital Markets +44 (0) 20 7444 0050

Liz Vaughan-Adams, Communications +44 (0) 20 7444 0062 /
07979 853 802

Financial Dynamics (for IP Group plc)

Ben Atwell, John Dineen +44 (0) 20 7831 3113

Parkwalk Advisors

Alastair Kilgour +44 (0) 20 7759 2290


Publisher Contact Information:

Isis Innovation
-
simon.gray@isis.ox.ac.uk

Company profile of Isis Innovation
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