Study on Public Sector Spinout Equity and Innovator Rewards for GOTT

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The Department for Business, Energy & Industrial Strategy awarded a contract to IP Pragmatics for a study on public sector approaches to taking equity in spinouts and supporting the commercialisation of public sector-funded research.

The study, commissioned by the Government Office for Technology Transfer (GOTT), aimed to build an evidence base of existing public sector spinouts across central government departments, arm's-length bodies, and agencies, and to understand equity positions taken under different scenarios, including comparisons to the UK university tech transfer sector.

It also examined whether public sector employees and founders have been able to take equity or other forms of revenue such as royalties in spinouts and under what terms.

The contract value was AUD 96,060.