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IP2IPO, the company dedicated to exploiting intellectual property, has made ?3.6 million from its work with university spin-off companies over the past six months, interim accounts show.

According to chief executive David Norwood, this means that the five universities it works with - Oxford, Leeds, Southampton, York and King's College London - have enjoyed similar profits. Leeds University is looking forward to its first spin-off company floating next week. GeTech is looking to raise ?4 million on the Alternative Investment Market.