UCL Business wins 'Commercial Deal of the Year' award

10 December 2008

Following the sale of Stanmore Implants Worldwide Ltd (SIW) in February 2008 UCL Business PLC Managing Director, Mr Cengiz Tarhan was delighted to accept the award for ‘Commercial Deal of the Year’ at the 2009 London Knowledge Transfer awards, held at The Royal Garden Hotel in Kensington on 5 December.

SIW, a successful spin-off company from UCL’s Centre for Biomedical Engineering, is an innovative orthopaedic business focused on saving and restoring the function of limbs and joints. Prior to the sale in February 2008 to a syndicate led by Abingworth Management and MDY Healthcare plc in a deal worth £12.5m, UCL Business actively managed the company.

SIW has also recently garnered attention from the wider press, and was reported in The Times, 9th December, for pioneering technology, known as intraosseous transcutaneous amputation prosthesis ITAP enabling the attachment of clip-on prostheses to one’s skeleton and skin without causing infection. For further information about the technology please click on the links at the foot of this page.

UCL gained further recognition at the awards as Dr Jeff Skinner won the Knowledge Transfer Champion award, which was voted for by the public. Dr Skinner has been central to knowledge transfer and commercialisation activities at UCL for sixteen years but recently moved to the London Business School as Executive Director for the Foundation of Entrepreneurial Management.

Mr Cengiz Tarhan commented “I and the UCL Business team are delighted to have won this award and it was great to see Jeff Skinner win the award for ‘Knowledge Transfer Champion’. It is important to see university knowledge transfer activities in London being showcased at an event like this and the fact that UCL came away with two awards this year is an added bonus.”

About the awards
The UK is recognised as one of the strongest countries in the world for basic research and scientific discovery and London has a world-leading knowledge base, comprising educational establishments and research organisations, together with the structures to transfer that knowledge. Organised by the London Development Agency, the London Knowledge Transfer Awards will showcase the very best collaborations between London-based businesses and the knowledge base. To find out more about these awards, please click on one of the links at the foot of the page.