Paul Philips
[[FOI #18453 email]]
24 September 2009
Our Ref: FOI 2009/164 – F0072089
Dear Mr Philips,
Re: Freedom of Information (Scotland) Act 2002 – Request for Information
Thank you for your email which was received by the University on 23 September 2009 timed
21:32 hours, requesting the following information:
For the list of companies below, identified by the University of Glasgow as its spin out
companies formed in the past five years, can you please provide the following
information for each one:
(a) valuation of company on incorporation; (b) value of any equity held by the
University of Glasgow in each company; (c) names of all other shareholders; (d) current
valuation of each company; and (e) how many of these companies have an operational
base in Scotland.
If the answer to (e) is that one or more of these companies is based outside Scotland,
can you explain why the public purse is being used to create companies that do not
create jobs in Scotland and do not contribute to the Scottish economy or to the tax
revenue collected by HMRC.
Is this a deliberate attempt by the University of Glasgow to avoid paying tax on its
investments?
Grannus Biosciences Ltd MD Biosciences Inflammation Discovery Services Ltd Crucial
Genetics Ltd Mode Diagnostics Ltd Xanic Ltd Reactivlab Ltd TMRI Ltd Senectus
Therapeutics Ltd Pathfinder LLC Cara Therapeutics Inc
As the University of Glasgow is a Scottish Public Authority, your request is subject to the
terms of the Freedom of Information (Scotland) Act 2002 (“FOISA”). The University
DATA PROTECTION AND FREEDOM OF INFORMATION OFFICE
Main Building, University of Glasgow, Glasgow G12 8QQ
Data Protection: Telephone: 0141-330-3111
E-Mail: [email address]
Freedom of Information: Telephone: 0141-330-2523
E-Mail: foi@gla.ac.uk
The University of Glasgow, charity number SC004401
acknowledges receipt of your request and confirms a response will be sent to you promptly;
and in any event not later than 21 October 2009. The Freedom of Information Office will
contact you if we require any further information.
Yours sincerely,
Data Protection and Freedom of Information Office
The information that you supplied with your Request for information will be entered into
a filing system and will only be accessed by authorised persons of the University of
Glasgow or its agents. The information will be retained by the University and will only
be used for the purpose of (a) processing your Request for information, and (b) for
statistical and audit purposes. By supplying such information you consent to the
University storing the information for the stated purpose. The information is held by the
University in accordance with the provisions of the Data Protection Act 1998.
