Academia takes a commercial route
Ross Tieman | Sunday, 15 June 2008
Commercialising academic breakthroughs in science and technology is well-established, but financial innovation has largely been the preserve of industry practitioners.
Now Frankfurt School of Finance and Management in Germany is planning to break the mould by launching a novel financial company spun out of academia.
"This is evidence that spin-offs are not only viable in the biotech or information technology sector," says Udo Steffens, president of the Frankfurt School.
"They are also an innovative approach for business schools to achieve better capitalisation of knowhow and knowledge and leverage further growth."
The business being formed into a standalone company is already an advisory arm and fund management operation with more than
Now Frankfurt School of Finance and Management in Germany is planning to break the mould by launching a novel financial company spun out of academia.
"This is evidence that spin-offs are not only viable in the biotech or information technology sector," says Udo Steffens, president of the Frankfurt School.
"They are also an innovative approach for business schools to achieve better capitalisation of knowhow and knowledge and leverage further growth."
The business being formed into a standalone company is already an advisory arm and fund management operation with more than