Uni gets £1m to promote the business of science

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A university has been given more than £1million government funds to turn research into science-based business.

The Engineering and Physical Sciences Research Council has given the cash boost to Cranfield University as a part of a £60million investment in 31 institutions in the UK.

Cranfield engineers and scientists will be embedded with the university’s industrial partners, building on links with businesses as a part of the Impact Acceleration Accounts.

Cranfield’s deputy vice-chancellor, Clifford Friend said: “Through this funding the government has recognised Cranfield as one of the UK’s key centres of innovation for sectors critical to our future economy.

“With established close ties to business this government investment will enable us to accelerate the production of business-ready solutions from our research, allowing Cranfield to play its part in reshaping the future of the UK economy.”

The coalition government’s Business Secretary, Vince Cable, said: “The UK’s scientists are some of the most innovative and creative people in the world but they need support to help their best ideas become viable commercial propositions. This investment will help our leading universities become centres of innovation and entrepreneurship and generate the kind of commercial success which will fuel economic growth and make the UK one of the most attractive places in the world to do science-based business.”