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Want a quick economic win? Look to university spinouts

UK innovators too often have to find capital in the US — the quid pro quo is often jobs and facilities there instead of here

The writer is chief executive of UCL Business

Eyebrows were raised at the Labour party’s conference in Liverpool this week when I said that the chancellor, with all eyes on next month’s Budget, should look at life sciences for quick wins.

We shouldn’t sugarcoat Merck and AstraZeneca’s retreat from UK investment. But as leader of UCL’s technology transfer company, which takes the university’s most promising medical research and deep-tech inventions from lab to market, I remain optimistic about the UK being a world leader in health innovations.

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