New Spin Out to Target Chinese Market
Source: Isis Innovation
Translating and packaging research and technologies for the Chinese market will be the mission of the latest spin-out company set up by Isis Innovation, the University of Oxford’s technology commercialisation company.
Oxford MESTAR Limited is the 102nd company set up by Isis.
The founder, Prof Zhanfeng Cui of Oxford’s Institute of Biomedical Engineering, will work with a team of consultants to screen technologies for the Chinese market.
Oxford MESTAR will provide a flexible platform to respond quickly and efficiently to the opportunities for medical and healthcare technologies in the Chinese market,” said Prof Cui. “We are fortunate to be working with Simon Dai, a strategic and dynamic investor.”
Simon Dai, principal investor in the venture said: “By cooperating with Isis and Oxford, we are able to work closely with some of the best researchers in the field and access world-class facilities. Oxford MESTAR will be dedicated to developing and bringing to market promising biomedical technologies.”
Dr Rakesh Roshan, Technology Transfer Team Leader at Isis Innovation said: “We are delighted with the fact that Isis spin-outs continue to attract significant investment into the UK. Oxford MESTAR Limited has a novel commercialisation model, which will support technologies that may otherwise lack the necessary resources to reach the market.”
Tom Hockaday, Managing Director of Isis Innovation said: “We aim to work flexibly with academics and investors to structure promising businesses, of which Oxford MESTAR is a good example.”
Isis Innovation established a presence in Hong Kong in 2009 to coordinate the growth in the company’s activities throughout Asia. Isis also has two joint ventures in China at the 100,000 sq ft technology business incubator, Jinhui International Technology Transfer Centre located in Liuzhou, Guanxi Province and at the Changzhou Centre in Jingsu Province.