Fusion IP plc is a United Kingdom-based company, engaged in the commercialization of intellectual property (IP) that is developed at universities and similar establishments. The Company owns the rights to 100% of university-owned research generated at two of the UK's universities: The University of Sheffield and Cardiff University. The University Of Sheffield University offers scientific and technological research and development. Cardiff University offers research and research-led teaching encompasses the humanities; natural, physical, health, life and social sciences; engineering and technology. As of July 31, 2012, some of the investments of the Company include Magnomatics Limited,Progenteq Limited, Demasq Limited, Mesuro Limited, Asalus Medical Instruments Limited, Diurnal Limited, Seren Photonics Limited and Asterion Limited. Effective August 9, 2013, Fusion IP PLC raised its interest to 39% from 31% by acquiring an 8% interest in Magnomatics Ltd.