Grants for research bear fruit - Embedded.com

Grants for research bear fruit

LONDON — Public sector research bodies, like research council institutes and NHS Trusts, generated more than £105million income last year from links with business and licensing intellectual property.

The first annual survey of Knowledge Transfer Activities in Public Sector Research Establishments, (PSREs) shows that 316 patent applications were made and 228 patent applications were granted while 621 Licensing agreements were made and 69 spin-out companies established.

Government initiatives to support PSRE knowledge transfer include the Sector Research Exploitation Fund which was set up in 2001 and made awards worth £10million to develop better relationships with industry, create networks and support the commercialisation of the intellectual property generated by research carried out in the public sector. A second round of the PSRE fund worth £15million was announced in the Science Budget for 2003-06 aiming to build on the activities started by the first round.

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