Multi-million pound fund to boost UK university spin-outs and research
Innovate UK is supporting the 3.2 million iCURe project which has been launched today, which will help universities across the South of England to commercialise their research and start successful businesses faster than ever before.
The project, which was announced by Universities, Science and Cities minister Greg Clark, is co-funded by the technology experts at Innovate UK and the Higher Education Funding Council for England (HEFCE).
Seperately, Innovate UK is also making £6 million available over the next two years to help university spin-out companies develop faster and be more attractive to private investors.
Mark Glover, Director of Strategy at Innovate UK said:
“The United Kingdom’s research is world-renowned, but we need to be fast if we're going to make the most of the business opportunities that research brings with it. Innovate UK helps bridge the gap between concept and commercialisation and this scheme, along with the additional funding we're making available to the spin-outs, will help some of our best universities move quickly to create successful, high-growth businesses.”
You can read more about the project here
