A £67 million push to get cutting-edge technology products on to the market has been announced by the Chancellor as part of a "city deal" to boost Oxford's economy.
George Osborne said the cash - #30 million from central government and the rest provided by local councils and universities - would go to four "incubator centres".
They are designed to help innovative small firms take the step up to marketing and selling to the rest of the world.
The cash will help fund:
- An "innovation accelerator" to support researchers in preparing robotics,car and jet engine parts and super-fast computers for market
- The "Oxford Bioescalator" in Headington which promotes technology andexpertise sharing between small bioscience and medical companies
- A centre for excellence in engineering technology at Culham, which develops"remote handling" machinery used in the construction industry
- High-tech science machinery at the Harwell research centre which alreadyhosts the "Diamond Light Source" particle accelerator