Structure and governance
Cambridge Enterprise was designed to work in concert with the University of Cambridge, supporting research initiatives as they relate to consultancy, intellectual property management and the creation of spin-out companies.
A clear structure
The Cambridge Enterprise Group comprises two legal entities.
- Cambridge Enterprise Limited was formed on 1 December 2006 as a wholly owned subsidiary of the University of Cambridge. Cambridge Enterprise Limited has the responsibility of carrying out consultancy services, technology transfer functions and seed fund activities on behalf of the University.
- Cambridge University Technical Services Limited (CUTS) is a wholly owned subsidiary of Cambridge Enterprise Limited. CUTS is responsible for the consultancy contracts and related income streams in support of the Consulting Services team of Cambridge Enterprise.
The relationship between these parties is defined by specific Memoranda of Understanding.
A strong governance
Cambridge Enterprise aims to provide transparency of financial information through the ongoing review of operational and support activities. We have a sensible structure with clearly defined roles.
- The Cambridge Enterprise Board of Directors has a fiduciary responsibility to its shareholder and reports to the University through the University Finance Committee.
- The Chief Executive of Cambridge Enterprise also reports to the University’s Research Policy Committee five times a year.
- Board members are appointed by the University and include an external, non-executive Chair, the Chief Executive and Pro-Vice-Chancellor for Research (ex-officio), two external non-executive directors, two academic non-executive directors, and an additional employee of Cambridge Enterprise.
- The Director of Finance for the University of Cambridge is the shareholder’s representative and observer to the Board.
- The University of Cambridge Registrary is the Company Secretary.