UCL is today launching the UCL Technology Fund to invest £50 million in commercialising its world-leading research emerging over the next five years.
Partnership with Cisco & Imperial in Tech City
7 December 2011
London has moved a step
closer towards becoming a global leader in future cities research after
UCL, Imperial College London and Cisco entered into a three year initial
agreement to create a Future Cities Centre in the capital.
The centre will be a physical space in Shoreditch where businesses, academics
and start-ups can openly collaborate. It will be part of Tech City, which is the fastest
growing technology cluster in Europe, and it will seek to bring a world-leading research presence and collaborative
working to the emerging Tech City ecosystem.
The Future Cities Centre will focus on the thematic areas of Future Cities and Mobility, Smart Energy Systems, the Internet of Things and Business Model Innovation. It will form a major node of Cisco’s National Virtual Incubator, which is a sustainable public technology network that promises to stimulate entrepreneurship by connecting physical sites through IT infrastructure.
Under today’s agreement, new Research Associates from Imperial and UCL will co-locate in the new facilities, where they will embark on new research activities whilst also drawing on the institutions’ existing research excellence.
The Minister for Universities and Science David Willetts
"Today's announcement from Cisco, UCL and Imperial that they are collaborating to establish a Future Cities Centre is very important for Tech City, and for innovation in the UK more generally. Harnessing the extraordinary power of our research communities, and the innovation and commercialisation potential that comes from working with great companies likes Cisco, holds great potential for growth."
Professor Stephen Caddick, UCL's Vice-Provost (Enterprise), commented:
"UCL is delighted to enter into this exciting new collaboration with Cisco and Imperial College London. It is well accepted that ICT revolution has the potential to transform more traditional industries such as infrastructure, utilities, energy, transport, healthcare and others and this represents an enormous new multi-trillion dollar market. The establishment of this Future Cities Centre will allow us to combine the world leading research strengths of our respective organisations to realise this opportunity which will play a key role in economic recovery and growth for the UK"
UCL, where researchers will be working on how digital technologies can boost the capabilities of the energy,
health, transport and utility resources in our cities, Prof. Anthony
Finkelstein, Dean of UCL Engineering and Professor of Software Systems
"Future cites are where physical and virtual meet,
and the challenges of engineering at that interface will be among those we hope
to address in the centre, getting this right in the urban environment can
change the world"
Professor Alan Penn, Dean of the
Bartlett School of Graduate Studies and Professor of Architectural and Urban
"The UK leads the world in architectural design and innovative engineering with the worlds leading firms based here. As the world gears up for climate change the market in city building and retrofit is set to run into trillions per annum. Growth in this sector will be extremely rapid. It is tremendously exciting to be working with Imperial and Cisco to build UCL's urban research into the Tech City initiative."
Professor John Polak, Director of Research, Department of Civil
and Environmental Engineering and Chairman, Centre for Transport
Studies, Imperial College London noted that:
"The Future Cities
Centre will be a new research powerhouse to drive the Tech City
initiative. By linking to some of our major research initiatives
focused on cities…we will address key national priorities such as
climate change and digital innovation."
- UCL and Imperial to Open Future Cities Centre (www.wired.co.uk)
- Video: Tech City could be a challenge to Silicon Valley, says David Cameron (BBC)
- Video: Tech City map shows growth (BBC)
- Tech City website
- Tech City, the Magic Roundabout (The Guardian)
- A Tale of Two Tech Cities (www.ft.com)
- Silicon comes to Stratford: Developing London's Tech City (www.wired.co.uk)