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EPSRC announces £138 million investment in research-business partnerships
Two major investments in research partnerships that will strengthen the links between the UK’s research base, industry and business partners have been announced by Jo Johnson, Minister for Universities and Science.
Both investments show the pivotal importance of engineering and the physical sciences to the country’s continued development as a global research and innovation leader.
The first investment is a new initiative, a set of Prosperity Partnerships, which will receive £31 million of government funding from the Engineering and Physical Sciences Research Council (EPSRC) and the Industrial Strategy Challenge Fund (ISCF). This will be matched by a further £36 million from partner organisations in cash or in-kind contributions, and £11 million from universities’ funds, resulting in a £78 million investment.
Ten universities will lead on 11 projects that range from the future networks for digital infrastructure to offshore wind and they will partner with businesses operating in key areas of the innovation landscape. These include household names such as Siemens, BP and Unilever and also firms like M Squared Lasers that are leading in areas such as advanced photonics.
Jo Johnson, Minister for Universities and Science said: “A central part of our Industrial Strategy is boosting the economic impact of our world-class research base by supporting the flow of innovative ideas and techniques from concept to market-place.
“This investment will ensure the work of our universities continues to have positive impact around the world and maintain the UK’s global leadership in science and innovation.”
Professor Nigel Titchener-Hooker, Professor of Biochemical Engineering at UCL, who chaired the panel that approved the Prosperity Partnerships projects, said: “The Partnerships awards are a further demonstration of EPSRC’s vision in creating exciting opportunities for industry and academia to work together on strategically significant problems. The quality of the applications we reviewed was outstanding and demonstrated strength of vision, relevance and a determination to pursue long term collaborative research. The breadth of applications too speaks to the diversity of UK industry and to the alignment between the UK’s very best academic teams and our industrial base.
The grants promise to create a series of exciting avenues of research leading to industrial implementation. It’s a wonderful new example of how, in partnership, we can harness our collective capabilities to strengthen our economy and once again underscores the importance of ongoing investment in the HE research base.”
Jonathan Legh-Smith, Head of Partnerships & Strategic Research BT Technology, Service and Operations, said: “BT is very pleased to host the launch event for the EPSRC Prosperity Partnerships today. Having close links with the UK’s research base has proved highly valuable to us, and many other companies operating across the economy. Collaborations between business, academics and funders, such as EPSRC, are vital to delivering impact from our world-class research. We believe the Prosperity Partnerships programme is a strategic opportunity to build on those collaborations and make a significant difference to the future prosperity of the country.”
The second EPSRC investment is £60 million for 33 universities to advance their Impact Acceleration Accounts (IAA). These allow institutions the flexibility to operate tailored schemes that help increase the likelihood of impact from their research. The IAAs speed up the contribution that scientists make towards new innovation, successful businesses and the economic returns that benefit the UK.
Professor Philip Nelson, Chief Executive of the Engineering and Physical Sciences Research Council said: “If innovation is an ecosystem then it is dependent on having a fertile soil of research and the fresh air of ideas to nourish its growth. These new EPSRC Prosperity Partnerships and IAA investments will provide the right conditions in which new technologies and products can be developed more quickly. In turn, this will return social and economic benefits and ensure the UK continues to be one of the best places in the world to research, innovate and grow business.”
The IAAs’ aims are to promote movement between universities, businesses and other organisations; to support the very early stage of turning research outputs into a commercial proposition; improve engagement with businesses, government and third sector to sow the seeds of new collaboration and more strategic engagement, and reach out to researchers who do not normally engage in exploitation activities and driving culture change within the university.
The flexibility within each IAA means that different universities support activities in different ways, in line with their own unique needs and opportunities.