1、1 PART 1 THE UK SPINOUT LANDSCAPE A QUANTITATIVE ANALYSISSpotlight on Spinouts 2026 FOREWORD 04Spotlight on Spinouts PART 1 The UK spinout landscape a quantitative analysis 062026 Executive summary 07 1.UK spinout distribution and leading universities 09 1.1 VC-backed spinouts in the UK since 2010 0
2、9 1.2 Spinout value ranking methodology 09 1.3 Top UK universities 10 1.4 Comparison with the rest of Europe 11 1.5 European country comparison 12 1.6 European university comparison 14 1.7 Top European exits 15 2.Investments 16 2.1 The value of the UK spinout ecosystem 16 2.2 Funding overview 18 2.3
3、 Top investors 20 2.4 Grants 23 2.5 Exits 24 2.6 Conversion rates 26 3.Sectors 27 3.1 Top sectors for UK spinouts as a percentage of UK VC-backed deep tech 27 3.2 Spinouts as part of the UK deep tech ecosystem 28 3.3 Main sectors for UK university spinouts 29 3.4 Overview of UK university spinouts i
4、n IS-8 sectors 30 3.5 Main sectors for UK university spinouts by IP-intensiveness in spinout guidelines 31 4.Leadership 32 4.1 Gender diversity among founders 32 4.2 Nationalities of directors 33 5.University equity stakes 34 5.1 Equity stakes methodology 34 5.2 University non-cash equity stakes 35
5、5.3 University equity stakes 39 PART 2 Inside the founding team:equity and role dynamics in UK spinouts 42 PART 3 UK spinouts a status update 52 ANNEX 64 4 5 ROYAL ACADEMY OF ENGINEERING SPOTLIGHT ON SPINOUTS 2026 Foreword Past editions of Spotlight on Spinouts have established a robust evidence bas
6、e on the UK spinout economy,bringing much-needed transparency to an area that lacked it when this initiative began in 2021.With that foundation now in place,the focus can shift beyond tracking trends and towards to a clearer examination of the value spinouts create,how they are structured and what s