Innovation has long been an important part of the University of Oxford’s mission. This is especially true here at Reuben, which has demonstrated its commitment to innovation by naming Innovation & Entrepreneurship as one of the college themes. Our dedication to this was also on show at Week 2’s Tuesday Talk, when we hosted Dr Mairi Gibbs (Chief Executive Officer, Oxford University Innovation) to give us an introduction to innovation at Oxford.
The session was chaired by Cath Spence, one of our Fellows in Innovation and Entrepreneurship and the head of the Oxford University Incubator (OUI). Together, she and Dr Gibbs provided an excellent introduction to innovation in the University and discussed the opportunities available for Reuben students or fellows who want to bring their ideas to life.
Oxford University Incubator
Dr Gibbs began by introducing us to OUI’s mission. The aim is to help members of the university community translate their exciting research into real world impact. OUI can provide support and expertise, as well as initial funding and connections with potential investors. This has led to many success stories over the years and lots of us in the audience were impressed to see some familiar names on the list of companies supported by OUI.
One of the most engaging parts of the evening was addressing myths and misunderstandings about who owns research. Many students assumed that if they develop something while they are studying here at Oxford, the University will automatically take ownership. In reality, the situation is more nuanced. And when the university does take a stake, the size of that stake varies depending on the circumstances. There was a lively discussion of this, and anyone with questions can visit OUI’s FAQs on commercialising technology.
Dr Gibbs also repeatedly stressed one point: get in touch early. If anyone is thinking about commercialising an idea, it’s important to reach out to OUI before making anything public.
Reflections
At our table, we were surprised to learn that publication includes mentioning things even just on a lab website or blog. So be careful what you share! Having a conversation with OUI before publication helps to protect ideas so that they can be developed into successful ventures in the future.
With a mixture of inspiring stories and practical advice, Dr Gibbs gave an excellent introduction to innovation at Oxford. Hopefully we will see some Reuben spin outs and ventures in the coming years!
