Oxford Instruments is one of the UK's success stories - a science-based company which from the earliest beginnings in a garden shed has become a successful quoted company and a world leader in applied superconductivity. Its success is due in major part to the entrepreneurial skill of Sir Martin Wood, and the company has become a model for the new science-based university spin-offs. Audrey Wood has written a first-hand account of its evolution which provides real evidence of the challenges of entrepreneurship, innovation, technology transfer, and raising finance.
Audrey Wood was the co-founder of Oxford Instruments with her husband Martin, and remained a director until 1983 when it became a public company. Born in China, she was later educated at Cambridge University where she read both Natural Sciences and English Literature. For various periods in its early history, Audrey Wood was in charge of the company's administration, finance, marketing, and publicity, in addition to holding the legal position of Company Secretary until 1982. She travelled extensively to hold exhibitions and to visit customers in Russia, Eastern and Western Europe, USA, Japan, and Australia. Audrey Wood resigned from the Board in 1983 when Oxford Instruments was floated on the stock exchange, but has remained in close contact with the company.