Bournemouth University: Empowering Academic Innovation Through Spin-Outs

The purpose of this project was to create a clear and transparent gated spin-out risk management framework to commercialise Bournemouth University research outputs through new company formation (spin-outs). To support the framework, additional project outputs were created a spin-out handbook for academic staff, a toolkit to support the framework, and a series of short concise information packages or ‘sound bites’ for BU to record and use for internal awareness raising.

Challenge

Bournemouth University (BU) wanted to unlock more value from its academic research by turning innovative ideas into successful new businesses—known as spin-outs. To do this, BU needed a clear, practical process that would help identify promising opportunities, manage risks, and make the journey from research to company formation as smooth as possible.

Our Approach

Working closely with BU, we designed a tailored spin-out risk management framework that fits seamlessly with the university’s existing systems and policies. This framework guides staff through each stage of the spin-out process, ensuring resources are used wisely and timelines are transparent for everyone involved.

To support this, we developed:

• A Spin-Out Handbook: Written specifically for academic researchers, this handbook explains the spin-out journey in accessible language, making the process less daunting and more approachable.
• A Practical Toolkit: This collection of templates and examples helps staff at every step, from initial idea to company launch.
• Engaging ‘Sound Bites’: Short, clear information pieces designed to raise awareness and explain the basics of spin-outs, which BU can use in videos and internal communications.

The Impact

Our work enabled BU’s Research Commercialisation Manager to quickly implement a new, tailored framework that clearly shows what’s involved in spinning out a company—who does what, when, and how. This clarity helped senior stakeholders see the untapped benefits of spin-outs, building momentum and enthusiasm for the new approach.

We also helped identify gaps in existing processes and worked with BU’s professional staff to develop practical solutions, ready for senior management approval. The comprehensive toolkit we provided will continue to support staff, making it easier to navigate the spin-out process in the future.

With these foundations in place, BU is now well-positioned to achieve its goal of forming one or two spin-outs each year. This will not only generate short-term income but also boost the university’s impact in the local business community, attract further research funding, and strengthen BU’s reputation for innovation.