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Frontier IP

  • BY: Andrew Hore |
  • POSTED: 25/09/2011 |

University intellectual property commercialisation services provider Frontier IP has signed a partnership agreement with Plymouth University, which specialises in marine sciences, medical and environmental sciences.

Frontier IP secured the deal after a competitive tendering process. The 10-year agreement has an option for extending it for another 10 years. 
Frontier IP already has deals with Robert Gordon University in Aberdeen and the University of Dundee.

Revenues from services rose from 142,000 to 158,000 in the year to June 2011. An investment in B1 Medical was written off after a fundraising failed but there were still net unrealised gains of 149,000, against a loss of 48,000 the previous year. The overall loss fell from 326,000 to 269,000. Admin costs are likely to stay around 600,000 a year.

Frontier IP raised 1m gross, 759,000 after costs, when it joined Aim in January. There was 582,000 in cash in the balance sheet at the end of June 2011.

There have already been two spin-outs from the University of Dundee since the year end and there is likely to be more spin-outs happening this year. There should even be the first spin-outs from Plymouth this year. Frontier IP has a portfolio of nine investments and some of them are already profitable with one likely to pay a dividend in the coming year. 

Download the September 2011 edition of AIM Journal at http://www.hubinvest.com/AIMPDFSeptember2011_24.pdf

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