Universities: Research
The question
To ask the Secretary of State for Science, Innovation and Technology, what steps she is taking to accelerate translational research from universities to commercial applications.
Answered by Kanishka Narayan
Government is committed to accelerating the translation of world-class UK research at universities into commercial applications that drive economic growth and societal benefit.
Through UK Research and Innovation (UKRI) programmes we support universities’ journey from discovery to market. UKRI are providing £7.4 billion to support innovative companies’ growth. Key investments we are making include the Higher Education Innovation Fund which provides £280 million per year to support knowledge exchange between universities and business; £25m to support new venture doctorates and £4m each year for new entrepreneurial fellowships; and the £1.6 billion over 5 years to support the Catapult network.
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