Smart Holograms in university agreement
Smart Holograms has signed an agreement with Cambridge University to extend its intellectual property framework to access the work of Professor Chris Lowe and his research group working on sensor holograms at the Institute of Biotechnology.
Prof Lowe is a co-founder of Smart Holograms and a key inventor of the technology.
The existing IP relationship has provided an efficient and effective route for commercialisation of technology from Prof Lowe’s laboratory that falls within Smart Holograms’ core competencies.
Under the existing IP pipeline, Smart Holograms and the University of Cambridge have entered into seven commercial licences and will sign a further three before the end of the current quarter.
Dr Paul Rodgers, chairman of Smart Holograms, said: “This further enhances the strong technical and commercial relationship between Smart and Cambridge University. We have recently in-licensed seven other patents and will shortly in-license another three patents from this highly productive research group.
“We are doing this due to the commercial appetite of our blue chip partners for further patents in this exciting area.”
Dr Malcolm Grimshaw, acting director of Cambridge Enterprise, added: “We are very pleased to further facilitate Smart in its endeavours to commercialise this intellectual property portfolio in its chosen market sectors.
“This has been a very successful relationship for us and we have been involved in helping set Smart up as a seed company through to its current status as a rapidly developing company. Smart’s product range and technology is unique and I am convinced it will continue to be highly successful.”
To date, Smart has had an investment of over £17 million in its core science base and in the business. The company currently has a team of 28 people (including 12 with PhDs) and has two facilities: in Cambridge (UK) and in San Ramon (USA).
Smart is also planning to open a new commercial office in Boston later this year. In addition, it has four partnerships with global, leading companies for exploitation of its novel sensor hologram technology. The company is currently doubling its head count, quadrupling its facility space and aims to be completing development and manufacture of its first products in 2006.
Cambridge Enterprise facilitates the commercial development of the University of Cambridge’s intellectual property.
During 2004-5, Cambridge University applied for 43 patents based on 127 invention disclosures, while a total of 41 new licences and other commercial agreements were completed.
Income from patent and software licences exceeded £2.5 million, and demand for academics’ technical advice added a further £1.5 million of revenue. Three new University spin-out companies were launched.
Professor Lowe has published around 350 peer-revised scientific papers and book chapters and filed over 80 patents.