A proposed £1-billion fund to help universities lead collaborative projects with businesses to commercialise research has been welcomed by both business and university groups.
The fund was proposed in a report about how universities can do more to stimulate the economy, written by GSK chief executive Andrew Witty and published on 15 October.
Witty explains in his report that an arrow project would be carried out by a consortium of organisations led by a university. The consortium partners would seek to commercialise a research-based technology in which the UK has a comparative international advantage.
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