Related Links

For further information or for high-resolution images, please contact the press office on 01225 384220 or 07966 341 322

» submit an item · an event

Press Release - 17 December 2004

Universities win £13 million to boost business and enterprise.

Southern universities answer Government’s call for greater industrial collaboration in the largest enterprise partnership of its kind in the United Kingdom.

A unique partnership between the four Universities of Bath, Bristol, Southampton and Surrey has today received the largest award from the DTI's Higher Education Innovation Fund (HEIF) to encourage enterprise, build new businesses and work more effectively with industry.

With four universities involved, teaching and research are a key part of the offering to business and industry. This funding means that businesses of today and those of the future can benefit from enterprise training and education, and are given greater access to innovative research which could lead to new products and processes.

Further initiatives involve helping entrepreneurs across the southern region, both within and outside of the universities, to succeed in setting up new businesses. Support for those wishing to start a new venture includes access to:

The collaboration has already demonstrated some notable achievements.

The University of Bath is one of the country’s leading institutions delivering Knowledge Transfer Partnerships (KTPs), a DTI initiative to encourage the transfer of university knowledge to the world at large. One of the highlights is a partnership with Molecular Sensing plc focused on the development of technologies for DNA and RNA analysis to provide simple, quick and sensitive tools for the research industries and clinical diagnostics.

Southampton hit the headlines in March with the successful floatation of oil and gas technology company Offshore Hydrocarbon Mapping Limited (OHM) which went from university spin-out to AIM listing in two years with a market capitalisation of £49.8 million. Professor Martin Sinha, Director of OHM, sums up the difference that this support has made: "Transforming academic work into a successful spin-out company would have been impossible without the help of the University and its Centre for Enterprise and Innovation."

At the University of Bristol, both large and small players from the entertainment, telecommunications, computing and media industries have combined to form a distinctive university-industry research collaboration known as 3C Research. Driven by wider exposure to IT and the Internet, this project is already well on the way to finding innovative ways of providing rapid and remote access to information.

The four universities already work together on the highly successful SETsquared initiative which, so far, has helped around 100 new high-tech, high-growth companies to get off the ground across southern England. Entrepreneurs based at the four university centres in Bristol, Southampton, Swindon and Surrey are already finding success and expanding their businesses after receiving targeted help at a very early stage.

Professor Patrick Dowling, Vice-Chancellor of the University of Surrey, said on behalf of the four universities: “We are pleased to be widening our collaboration to embrace the whole enterprise agenda. Our experience, particularly in business-university interactions, will contribute to the many strengths of the partnership.”

For further information please contact: Neil Bradshaw, University of Bristol, Research & Enterprise Development Tel: 0117 928 7792 E-mail: neil.bradshaw@bristol.ac.uk


The University of Bath is one of the UK's leading universities, with an international reputation for quality research and teaching. View a full list of the University's press releases: http://www.bath.ac.uk/news/