The National Centre for Universities and Businesses has called for more money to support Welsh university-business collaboration.
Wales suffers from “persistent structural deficiencies” that make it difficult for the country to capitalise on its wide range of innovation activities, according to Growing the Value of University-Business Interactions in Wales, a report published by the NCUB on 28 June.
Despite strong innovation potential, the report said universities in Wales “cannot keep abreast of their peers” elsewhere in the UK, in part due to the cancellation of the Higher Education Funding Council for Wales’ innovation and engagement funding in 2014.
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