Swansea University awarded UK funding to spin-out research ideas and generate business opportunities

Swansea University today welcomed the news that it will receive over half a million pounds from the UK government to take forward its innovative research, collaboration and entrepreneurship programme.

The funding, which comes from the Engineering and Physical Sciences Research Council’s (EPSRC) Impact Acceleration Accounts (IAA), was announced by Business Secretary Vince Cable during Global Entrepreneurship Week.

The total £60m investment in UK universities helps pioneering scientists and engineers create successful businesses from their research, improve industrial collaboration, and foster greater entrepreneurship. The awards have been allocated to 31 leading universities across the UK, with Swansea University being one of only two universities from Wales awarded funding.

The £637,927 award will enable the University to prioritise research areas encompassing health, energy, manufacturing, computer science, technical development, and associated disciplines. 

Read more: http://www.swansea.ac.uk/media-centre/latest-news/swanseauniversityawardedukfundingtospin-outresearchideasandgeneratebusinessopportunities.php