Oxford University Innovation (OUI), the research commercialisation company of Oxford University, has completed the launch of its 150th spinout company.
The latest addition, augmented and virtual reality spinout 6Degrees, comes as OUI celebrates its 30th birthday.
6Degrees looks to harness both smartphone technology and the upcoming rollout of numerous virtual reality headsets and VR-enabled handsets with an app that allows any smartphone user the ability to create virtual worlds. Using technology developed by Professor Victor Adrian Prisacariu, Associate Professor in Information Engineering at Oxford University, 6Degrees users can record any environment for VR simply by scanning their surroundings with their phones.
Oxford University spinouts have collectively raised £1.5bn in external funding since 2011, and spinout exits over the same time period are also valued at £1.5bn.