Oxyntix Ltd Spun-out of the University of Oxford by Oxford University Innovation with £1m Funding

7th July 2011

Oxyntix Ltd, a new company spun-out from the Department of Engineering Science at the University of Oxford by Oxford University Innovation Ltd., has completed an investment round of £1m.

Scientists at Oxford University are proposing a new method of achieving extreme intensity bubble collapse. This technology has numerous potential applications, notably in nuclear fusion power generation and in sonochemistry, among others. Using state-of-the-art computational simulation techniques, descriptions of unprecedented detail and insight for into the collapse events have been achieved. These have led to the discovery of processes and devices allowing for the control and intensification of the collapse. Oxyntix Ltd has been established to allow development and validation of the Oxford team’s existing research findings, which are already patent-protected.

The financing was led by IP Group plc, alongside Parkwalk Advisors and a number of Angel investors.

Yiannis Ventikos, a Professor at Oxford University and a co-founder of the company, said: “I am delighted that such an agile and flexible funding structure has been put together. It allows us to develop further this very ambitious research programme in a timely manner; especially given the stakes this work entails and the constraints in funding that research faces, in the UK but worldwide as well.”

Stephen Brindle, a partner with Technikos LLP, said: “It is a privilege to be supporting Oxyntix Ltd, which is our first spin-out since IP Group acquired a stake in our fund earlier this year. It’s encouraging to see that we’ve been able to leverage our respective Oxford “platforms” so successfully in such a short time”.

Tom Hockaday, Managing Director of Oxford University Innovation Ltd., said: “Having worked with the researchers and investors for several years we are truly delighted to have reached such an important milestone in commercialising this breakthrough technology.”

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