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Effective translation of research into products

Business Secretary, Greg Clark said:

Britain is famous for its innovations. From the humble toothbrush to hip replacements, the ATM to the World Wide Web – these inventions have had a huge impact on our daily lives. Up and down the UK, some of the brightest and best talent are undertaking research which can deliver extraordinary innovations that will transform our society for the better. Through the Industrial Strategy, the 4 grand challenges, and the funding announced today, we are helping turn innovative new ideas into products and services which could help change our lives and keep the UK as a world leader in developing the products of tomorrow.

Find out more about the Industrial Strategy’s 4 grand challenges.

UK Research and Innovation Chief Executive, Sir Mark Walport said:

Supporting the very best talent and bridging the gap between research and commercialisation are 2 of UK Research and Innovation’s core objectives. We are a world-leading research nation and we must ensure that our innovation ecosystem supports the effective translation of this research into products with real-world impact. The ICURe programme enables this translation by providing researchers with the funding to move ideas out of universities and into the marketplace, where they will have the greatest impact. From converting Medtech discoveries into new treatments to developing portable devices to counter infectious diseases, this additional funding will support ground-breaking projects that will enable us to meet future challenges and remain at the cutting-edge of research and innovation.

Visit UK Research and Innovation’s website for the latest news and updates.

Don Spalinger, Chairman of the SETsquared Partnership, and Director, Innovation and Entrepreneurship at the University of Southampton said:

SETsquared created ICURe to overcome some of the barriers of getting the outputs from the UK’s world class universities research labs into the commercial marketplace. ICURe’s results from its first 3 years of operation go beyond our expectations. This expansion of ICURe’s nation roll-out will enable even more research teams at more UK universities to take advantage of its proven capabilities. ICURe enables university research teams to explore all avenues of commercialisation, from collaborative research to consultancy to licensing to spin-outs. The ICURe experience empowers the university research teams to work more closely with businesses in all of their future activities.