The Connecting Capability Fund (CCF) has awarded £5m to SETsquared, a partnership between the universities of Bath, Bristol, Exeter, Southampton and Surrey. The project will concentrate on advanced engineering and manufacturing; digital innovation; environmental, sustainable marine/maritime; and health and wellbeing. This initiative should further help companies in the target sectors to innovate and grow to the benefit of not only themselves but also the other businesses they deal with and their communities. For further information on this subject please read the bulletin below which was issued by Insider News Media today.
Roger Mundy, Managing Director, Beardsley Theobalds, 16th October 2017
£5m funding for universities to support small businesses
SETsquared, a partnership between the universities of Bath, Bristol, Exeter, Southampton and Surrey, has been awarded £5m to help small businesses to grow.
The funding has been awarded from the Connecting Capability Fund (CCF) to support universities in working together and with external partners to commercialise research.
The project, to be led by the University of Bath, will focus on four technology sectors; advanced engineering and manufacturing; digital innovation; environmental, sustainable, marine/maritime; and health and wellbeing.
Professor Dame Glynis Breakwell, vice chancellor at the University of Bath, said: “This new funding award provides a tremendous opportunity to spread the benefits of university knowledge, skills and technology to enterprises and communities across the South of England.
“Together with our partner universities in SETsquared we have a strong track record of helping companies to innovate and grow and we look forward to the opportunities and challenges this will open to researchers.”
Jo Johnson, universities and science minister, added: “The commercialisation of research and stronger working with business forms a key part of our Industrial Strategy, and through the Connecting Capability Fund we are strengthening collaborations between universities and with businesses to enable more ideas to become innovative solutions, boosting the UK economy.”
In total, the Higher Education Funding Council for England (HEFCE) has allocated £20m to five university partnerships across England.