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Motion · S6M-10322 · 4 Sep 2023

University of Dundee: A Gateway to Growth

Lodged by Michael Marra (Scottish Labour) Standard Motion 24 supporters

The motion

That the Parliament welcomes the recognition of the University of Dundee as the UK’s leading university for supporting spin-out businesses; understands that the report Gateways to Growth: The Entrepreneurial Impact Report, compiled by Octopus Ventures, one of Europe’s largest venture capital teams, takes into account factors such as numbers of patents, spin-out companies created and recent portfolio success; further understands that for the University of Dundee, this included the £2.2 billion initial public offering of Exscientia on the US NASDAQ, one of the largest ever UK university exits; recognises what it sees as the exciting recent spin-out, Tay Therapeutics, a Dundee-based biotech company, which works on the development of the next generation of drug therapies and recently signed a deal worth up to $50 million, targeting stop codon mutations in cancer and genetic diseases; believes that this is an exceptional example of the economic impact that universities can have in the country and in the communities that they serve; congratulates the university and its staff, and looks forward to seeing its future development in this area.

Supporters (24)

Source: the Scottish Parliament motions and amendments record.