AgorIP (Open IP) provides an Open Access Open Innovation platform, available to academia, University Health Boards and industrial collaborators.
In order to further develop the commercialisation of research and innovation across the region, the AgorIP project aims to work with the NHS and industrial collaborators across North and West Wales and the South Wales Valleys to turn innovative research into new products, processes and services.
The project is backed by £13.5m from the Welsh Government, including support from the European Regional Development Fund and funding from Swansea University.
As part of the AgorIP project, commercial sector experts will help progress new ideas through experimental and industrial development, demonstrating proof of concept to potential funders and attracting further research investment.
AgorIP was piloted through the Welsh Government’s Academia for Business project, which was supported by the EU funding programme 2007-13. The AgorIP pilot secured £4m of private sector funding to create six spin-outs within a year. This project will build on this first phase, opening up a pipeline of untapped research and turning innovative ideas into products and services for the commercial market.