Durham University has received over £800,000 as part of a scheme by the Engineering and Physical Sciences Research Council aimed at turning UK universities’ best science ideas into profitable business projects.
The scheme hopes to bridge the gap between a scientific idea being developed, and the point where a company might become involved.
– Professor Tom McLeish, Pro-Vice Chancellor (Research) at Durham
“We are delighted with this ESPRC award which will help to further expand Durham University and its commercial partners’ activities, creating new avenues for knowledge exchange already recognised nationally and internationally."
It will also allow universities to help fund the opportunity for scientists and engineers to spend time in a business environment to improve their knowledge and skills, and to gain a better understanding about how the market place works.
– Professor Richard Davies, Durham University’s Dean of Knowledge Exchange and Impact
“This IAA grant will help us establish additional partnerships with local, national and international businesses, social enterprises and the public sector to use Durham’s knowledge and expertise for the wider benefit.”