AccelerComm Ltd, a company specialising in mobile communications technology, has received significant investment from leading intellectual property commercialisation company IP Group plc. The transaction was also supported by Moore Blatch.
AccelerComm provides technology which overcomes the problems associated with the next generation of wireless communications (i.e. 5G). Moore Blatch provided the legal support to AccelerComm for the capital investment from IP Group. This is the third university spin-out transaction that Moore Blatch has advised on in the last 12 months; last year providing legal support for venture capital investment to BluPoint Ltd, another University of Southampton spinout.
David Bright, partner, Moore Blatch said: “In the past few years we have seen a significant increase in technology related transactions. This is the third university spin-out that we have advised on in the past 12 months and we expect this type of transaction to become much more common. UK universities lead the way in many types of research and development, and by creating spin-out businesses they are able to commercialise this work, which is much more desirable than seeing the hard work picked up by businesses that had no role in its development. However, the legal issues can be very complex involving the university, the founders and an investment company with intellectual property, and particularly patent, considerations.”
AccelerComm exhibited at Mobile World Congress in Barcelona from 27 February to 2 March 2017.