Newcastle University Unleashes Two Innovative Spin-Out Companies

New Ventures from Newcastle University

In an exciting development, Newcastle University has launched two spin-out companies, Ocular Systems and RecoVolt, turning academic research into tangible products. These companies are not just a local phenomenon; they represent a leap towards addressing global challenges through innovative technology.

Ocular Systems: A 3D Visionary

Ocular Systems has introduced a patented 3D particle measurement system that offers real-time imaging of particles in motion. This technology promises to revolutionize manufacturing processes in various sectors, from pharmaceuticals to cosmetics. Dr. Neil Loxley, the executive chair, expressed his enthusiasm, stating, "I’m thrilled to be working with the brilliant team at Ocular to commercialise their groundbreaking technology. This could have a huge impact across multiple industries!" It seems the team is ready to make waves, or at least some very precise ripples.

RecoVolt: Tackling Battery Waste

Meanwhile, RecoVolt is on a mission to tackle the growing issue of electric vehicle (EV) battery waste. With an advanced battery discharging kit, they aim to safely deactivate end-of-life EV batteries, while also providing a platform for assessing battery health. CEO Dr. Mahfuz Kamal highlighted the company’s goal to contribute to sustainability in the EV market—because who doesn’t want to save the planet while making a profit?

Support from the Legal Eagles

Both companies received crucial support from North East law firm Ward Hadaway, which helped navigate the complexities of shareholder agreements and intellectual property licensing. Sally Sanderson from the firm remarked on the novelty of their technologies, hinting that the journey has just begun for these budding enterprises.