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This interview with Tom Hockaday will surprise those who think of Oxford as just an ivory tower. It is indeed a centre of academic excellence, but it is much more than that. All over the university, academics with good ideas use Isis Innovation Ltd to bring those ideas to the market place.

The problem with UK Ltd is not early-stage innovation and development. That is happening and is very successful. It is in late-stage business development — growing new companies into international giants — that the UK falls behind.

This video is essential viewing for all those involved: innovators, investors, CEOs, journalists and others concerned with the way in which the UK exploits its academic brilliance.