The data shows 4,528 new spin-off and start-up companies were founded by graduates in 2020/21, a rise of 16% from the 2019/20 figure. These new companies contribute to a total of over 15,500 active graduate start-up firms employing over 46,000 people (full-time equivalent).
2,078 new patents were granted to HE providers in 2020/21. These contributed to a total portfolio of 24,035 patents, of which 12,929 are held overseas. Total revenues from intellectual property for the sector stood at £284 million in 2020/21.
Other sources of income recorded in the survey include £1.8 billion from Collaborative research involving public funding, and £1.4 billion from Contract research.
The HE-BCI survey is currently undergoing a major review to ensure that knowledge exchange data in UK higher education meets the needs of researchers and policymakers
In previous years, qualitative and factual data about HE providers' strategies and approaches to business and community interaction were collected and published in Table A of the HE-BCI open data release. From 2020/21 this section of the data collection has been suspended. The future re-introduction of this data will be explored during the ongoing HE-BCI major review.