One of the main challenges faced by the TTO was to organize the partnership between Cardiff University and VC firms in an optimal way. In particular, they needed to fill the gap between Cardiff University’s TTO and traditional venture capital investing, especially considering that the TTO is principally focused on Biomedical and Life Sciences activities and its technologies are often early-stage. In addition, they needed to effectively manage the early incubation stages of spin-out companies.
University of Cardiff addressed the first challenge by partnering with an outside Investor group, Fusion IP plc (now part of IP Group plc) with whom it had a long standing relationship. Cardiff University addressed the second challenge, i.e. creation of successful spin-outs, by means of the same relationship, leveraging the management and business support that Fusion IP provides.