Why being ‘boring’ is a university AI spinout’s route to success

Date: September 19, 2017 Published by

  • Within each of these tech trends the university spinout company has played an important role as technology pioneers, but they also included very many that never became a commercial success.
  • Yet when an AI firm can pinpoint its real-world need, the returns can be both rapid and bountiful.
  • It has raised £1.2m in seed funding from private investors and investment company Oxford Sciences Innovation to commercialise the technology.
  • One little-known AI spinout, biotech data firm Exscientia, has focused its brainpower on the rapid identification of key molecules that are compatible with drug targets.
  • While not a true university spinout, QuanTemplate helps reinsurers perform complex analytics.