Oxford University has launched a new social enterprise support scheme in order to enable academics the opportunity to create new “spinout companies” based on their research.Previously Oxford University Innovation (OUI) has primarily supported the development of start-up companies (founded by students but incubated in the university) and spinout companies (those seeking to generate profit from new technologies developed by faculty members).This new project aims to allow staff in the humanities and social sciences, who the university have described as being “often underrepresented in university innovation”, the opportunity to translate their ideas into new companies focused on social impact.To support this, OUI has launched a new fund, named SE2020, which has been given £550,000 to support the development of new social and environmental ideas seeking to have a positive real-world impact. It aims to add another 10 spinout companies a year to Oxford’s already substantial share of the academic spinout market.Unlike regular start-up and spinout companies, these social enterprises would seek to create companies placing societal or environmental missions at the heart of the business rather than profit.Dr Mark Mann, the Innovation Lead for Humanities and Social Sciences at Oxford University Innovation said “Colleagues at the University want to get as many of these great ideas deployed as widely as possible. To do that, you need a broad range of methods to maximise an idea’s impact.”“With our new social enterprise service, we can now get far more of the great ideas generated in Oxford deployed across the world and improving people’s lives”.Professor Chas Bountra, Pro Vice-Chancellor for Innovation at the university, added that “In 2016, this University created an unprecedented number of new spinouts, more than any other university in the UK” and said that he “anticpates the… number will double in the coming years”.
Sign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York U.S. Marshals apprehended Thursday a reputed member of the Brentwood chapter of the street gang MS-13 who was wanted for his alleged role in killing a teenager last year, authorities said.Oscar Wellman Espinoza-Merino, also known as “Speedy” and “Petey,” was indicted on charges of conspiracy to commit murder in-aid-of racketeering, murder in-aid-of racketeering, obstruction-of-justice murder and firearms offenses.Loretta Lynch, U.S. Attorney for the Eastern District of New York, said that the gang, which has roots in El Salvador, is responsible for a “particularly brutal brand of violence and lawlessness in neighborhoods throughout Queens and Long Island.”Prosecutors said the 32-year-old suspect and other alleged gang members lured Sidney Valverde, a 19-year-old fellow MS-13 member, to Miller Place Beach under the guise of conducting business there, when they allegedly shot him in the back of the head on Feb. 25, 2014.Investigators believe that the gang killed Valverde because they suspected him of cooperating with federal law enforcement, authorities said. A beachcomber found his body two weeks after he was slain.Byron “Viruz” Lopez, the 23-year-old alleged leader of a Queens chapter of the gang, was previously accused of ordering the murder. He has pleaded not guilty to the same charges as Espinoza-Merino, who is scheduled to be arraigned Friday at Brooklyn federal court.The arrests were the result of a joint investigation involving Suffolk County police, New York City police, U.S. Immigration and Customs Enforcement, Homeland Security Investigations and the Bureau of Alcohol, Tobacco, Explosives and Firearms.If convicted, Espinoza-Merino and Byron Lopez each face up to life in prison.