Wellspring Worldwide, a leading provider of software systems for managing research and technology commercialization, today announced the opening of an office in Chicago, Illinois. The office will be located in Chicago's River North district and opens February 1, 2011.
Today, the Prime Minister announced in a speech to the CBI that more than £200m will be invested by the Government in a network of elite Technology and Innovation Centres to drive growth in the UK’s most high-tech industries. Bridging the gap between universities and businesses and helping to commercialise the outputs of Britain’s world-class research base. Click here for the announcement from BIS
Today, the government announced its four-year Comprehensive Spending Review (CSR) in which it stated that a ring fence will ensure continuity for investment in Science and Research – following through on its pledge to protect, as far as possible, the spending that generates high economic returns.
To develop the sector’s contribution to economic growth, the Government plans to reform the Higher Education Innovation Fund to incentivise universities to increase commercial interaction between the research base and business.
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The £4.6bn yearly spend on scientific research will be frozen for the review period, guaranteeing "flat cash" for universities and research councils, sources at the Department for Business Innovation and Skills told the Guardian.
The freeze corresponds to a cut in real terms, as inflation reduces the spending power of the budget year on year. The reduction after four years is expected to be around 10%.
PRESS RELEASE
14 October 2010
European Investment Bank to provide GBP 500m for UK education and science parks
Yesterday (12 October 2010), at TSB's Innovate 10 conference at the Business Design Centre, London, David Willetts' (Minister of State for Universities and Science) keynote address included some indicators for innovation and enterprise in the future:
Dr. Ashley Stevens, President, Association of University Technology Mangers and Special Assistant to the Vice President for Research, Boston University
4 October 2010, The Association of University Technology Managers (AUTM) welcomes the issuance of “Managing University Intellectual Property in the Public Interest,” a new report released today by a committee of the National Research Council of the National Academies.
The UK government has increasingly expected universities to develop stronger links with business. Such links are believed to contribute to innovation and economic growth, particularly regionally. Targeted funding by the Higher Education Funding Council for England has been provided to encourage innovative business links, which are often characterised by the development of specialist 'knowledge transfer' offices.
The Royal Society has written to the Government to make the case for investment rather than cuts to science funding in the next Comprehensive Spending Review. The Submission was made at the request of Professor Adrian Smith FRS, Director General, Science and Research at the Department for Business, Innovation and Skills.
David Willetts said that science has an important role to play in driving growth.
Key themes from his' speech included: