Techtran Group announces IP2IPO funding

University technology transfer specialist Techtran Group has announced a £2m investment from intellectual property company IP2IPO. The deal sees Aim-listed IP2IPO receive 20% equity share in the Techtran business in return for the investment. In addition, IP2IPO chief executive David Norwood will take a place on the Techtran board as non-executive director. The funding will be used to boost commercialisation of intellectual property at the University of Leeds, which appointed Techtran to manage its technology transfer operations in 2002. Techtran’s business model is based on offering outsourced technology transfer services to research-intensive universities. IP2IPO is an intellectual property company that commercialises university technology.

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