In a video interview with London South East, Tekcapital Chairman Dr Clifford Gross said that the portfolio had grown nicely over the year, with net asset value rising by 51%, which was a record for the company. "Service revenues are up 28% and our expenses are down 29% year over year" said Dr Gross.

Explaining how the IP selection process works, Clifford said: "We've built the world's largest ideas factory, from universities. We have 4500 institutions across 160 countries. We electronically acquire those properties and we select from them the properties we think are ready for prime time, for commercialisation."

"We set up a portfolio company and then we put in seasoned management on top of that to bring the idea to market. We have just dropped three companies from the portfolio, which leaves us with six." These include Salarius, a low sodium brand for foods and snacks, and Lucyd, a sunglasses brand which combines prescription glasses with audio technology, and a line of indestructible sunglasses - sunglasses with added technology.

Tekcapital was founded by Dr Gross, who has a long background in University IP start-ups. The investment incubator is based in Oxford, where Dr Gross recently went to University himself, and floated on AIM 4 years ago.