In a landmark decision, Jason Stockwood, CEO of Simply Business, has joined UMI3, the University of Manchester’s innovation hub. This strategic move aims to enhance the commercialisation of academic innovations.
Stockwood’s appointment as a non-executive director and chairman signifies a new era for UMI3. His leadership is expected to drive the integration of entrepreneurship within the academic ecosystem, unlocking new opportunities for university-led innovations.
In a significant development, Jason Stockwood, the global CEO of the leading insurtech firm Simply Business, has joined the ranks of UMI3, the University of Manchester’s innovation company. Appointed as a non-executive director and chairman of the Project Development Committee, Stockwood’s role is pivotal. He will oversee the progress of spin-outs and licensing opportunities, key elements in UMI3’s strategy to commercialise the university’s ground-breaking inventions.
UMI3’s mission focuses on transforming the university’s research into successful enterprises. Stockwood’s involvement is poised to bolster this mission. His role encompasses reviewing investment proposals, spearheading enterprise culture, and enhancing collaboration with academic peers. This collaboration aims to nurture innovative ideas into market-ready technologies, emphasising the importance of entrepreneurship in academic settings.
According to Stockwood, unleashing the potential of talent and technology can open doors to numerous opportunities. He states, “We are entering a world where every company will on some level be a technology business.” This outlook underscores the critical role of technology in contemporary business models, highlighting the transformative power of digital disruption in shaping future industries.
Stockwood’s extensive experience, including leadership roles at Match.com and Travelocity Business, adds immense value to UMI3. His strategic insights into disruptive online business models are crucial. At Match.com, he served as the international managing director, navigating the complexities of a global market. At Travelocity Business, he managed operations, driving growth and innovation.
UMI3’s collaboration extends to tech transfer collaborations with leading universities like Leeds and Sheffield. This partnership is expected to enhance the region’s economic growth, fostering an ecosystem of innovation and enterprise.
Stockwood’s vision will likely influence UMIC’s role in nurturing start-ups, ensuring they receive the required support and funding to scale their innovations. His hands-on approach is expected to inspire the next generation of innovators at the university.
Jason Stockwood’s integration into UMI3 signifies a strategic enhancement of the university’s innovation strategy. His leadership is anticipated to propel UMI3 towards greater achievements, fostering a culture of innovation and enterprise reflective of future-oriented academic landscapes. The partnership promises to unlock new potential in university-driven technological advancements.
Stockwood’s involvement with UMI3 marks a significant advancement in the university’s innovation initiatives. His leadership is poised to drive transformative changes, aligning technological advancements with academic prowess.
As UMI3 moves forward, Stockwood’s strategic insight and business acumen are expected to elevate the university’s standing in the realm of commercial innovation, fostering an environment where academic research meets entrepreneurial success.