Oxford University has won Europe number one for ‘unicorn’ start-ups

May 3, 2021 0 Comments

first_imgOxford University has produced more start-ups valued in excess of $1 billion than any other university in Europe over the past decade, a new study has revealed.Oxford alumni have founded eight such ‘unicorn’ companies in the last ten years, so named as they are exceedingly rare.The report, published by British software firm Sage Oxford, puts Oxford seventh globally, but firmly leading in Europe. Cambridge does not feature in the top fifteen.Oxford still has a long way to go before catching up with Harvard (51 billion-dollar companies) and Stanford (37).However, Oxford’s closest European rivals, French business-school INSEAD and German Management school WHU, lay claim to five unicorns each.Companies founded by Oxford alumni include Linkedin, created by former Wolfson college philosophy student Reid Hoffman, and ticketing platform Eventbrite launched by Kevin Hartz who read History at the University.Start-ups have gained increasing support from Oxford in the past few years. Last month Cherwell reported that Alex Snow, former chief executive of Lansdowne, had left the company to focus on his involvement with Oxford Sciences Innovation (OSI).OSI, the University’s technology and research commercialisation company, has currently raised more than £580 million to support spinoff start-ups from the university.A spokesperson for OSI told Cherwell: “The news that Oxford University is leading in generating founders of billion-dollar companies in Europe is a strong testament to the teaching quality of Oxford.“The downside is that none of these companies continue to contribute to the Oxford tech cluster, and we must all do more to attract potential founders to remain in the area and engage with our innovation ecosystem.“Through our work in broadening our offer to Humanities and Social Sciences, our incubator’s increased activity, our partnership with Oxford Sciences Innovation, and more, OUI is continually enhancing the entrepreneurial offer of Oxford University.“But innovation works best when all parties collaborate, and we all need to pull together to ensure that the next billion-dollar startup founder knows that Oxford is the place to launch and grow their company.”Ukaire Onyinyechi, a visiting Biochemistry student from Tufts University, Massachusetts, said: “Oxford University doesn’t get enough credit for the fantastic work that it does in supporting technology start-ups creating meaningful change in the world.“I’d anticipate many more companies being launched over the next few years out of the university perhaps even rivalling the success on this list of top American universities”Maya Mobbs-Walton, a Law student at Worcester College, told Cherwell: “It’s great to see so many innovative companies coming out the university and it’s a testament to the support of organisations such as Oxford Entrepreneurs and Oxford University Innovation that so many great companies are being founded.”last_img read more

Councillor calls for improved coastal protection as winter storms batter Maghery

December 22, 2019 0 Comments

first_imgIndependent Councillor Michael Mac Giolla Easbuig has called for Minister of State for the Office of Public Works and Flood Relief to urgently address the issue of coastal erosion on Maghery strand.Cllr Mac Giolla Easbuig has been in contact with the OPW and has asked that they send someone to Donegal to review the damage caused by storms before and after Christmas.“We need them to get here as soon as possible,” Cllr Mac Giolla Easbuig told Donegal Daily. “The last number of storms have caused a lot of damage. Between the Council and the community, attempts have been made to remedy the works.“The concern is how close Ionad an Mhachaire and other properties are to the beach, and something need to be put in to protect the community.“The posts were useful to a point, but when a storm hits they’re as useful as an ashtray on a motorbike.”When the posts were first placed on the beach a number of years ago, wiring was attached in order to make dozens of cages. It was hoped that the sand would build up inside the cages and marram grass would grow on the top. The curvature of the marram grass would allow further sand build up. Over time, this is how man-made sand dunes are made.The issue at Maghery strand is that the recent storms have washed away the sand that built up between the posts rendering them useless, explains the Independent Councillor. It has been suggested that rock armour may be the way forward, although concern has been expressed that rock armour may simply cause the erosion on another part of the Maghery coastline that isn’t protected by rocks.“They need to come up with something very quickly.”Before Christmas, Cllr Mac Giolla Easbuig had a private meeting with Minister Moran regarding coastal erosion at Maghery, Magheraroarty, Magheragallon, and Curransport. He is now calling for Minister Moran to take action.Over Christmas, Cllr Mac Giolla Easbuig and Hugh Boyle met with local residents in Maghery on the issue of coastal erosion.“The OPW need to send someone out right away. This can’t have a top-down approach. Works carried out has to be done in conjunction with the local community – this is vital,” he concluded. Councillor calls for improved coastal protection as winter storms batter Maghery was last modified: January 13th, 2018 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:donegalerosionmachaireMAGHERYOPWstrandlast_img read more