The Higher Education Funding Council for England and Innovate UK, formerly the Technology Strategy Board, have invested £3.2 million in a training and funding programme to accelerate the translation of university research into successful businesses.
Early career research at the universities of Bath, Bristol, Exeter, Southampton and Surrey will be given tailored training, mentoring and funds to help bring their ideas to market under the Innovation and Commercialisation of University Research programme (ICURe), which was announced on 26 November.
The five participating universities already work together in the SETsquared partnership, which features an incubation programme for hi-tech start-ups. Don Spaligner, board member of SETsquared and director of research and innovation services at the University of Southampton, said: “The flexibility of this programme and the way it is run will allow researchers to assess their markets much faster, meaning they can potentially seek investment or sell their ideas within just a few months.”
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