UCL is today launching the UCL Technology Fund to invest £50 million in commercialising its world-leading research emerging over the next five years.
Current Knowledge Exchange Funding Streams
UCL Enterprise works with all academic disciplines to promote knowledge exchange and to facilitate engagement with the wider world. To help achieve our goals, we receive funding from
- The Engineering and Physical Sciences Research Council (EPSRC)
- The Biotechnology and Biological Sciences Research Council (BBSRC)
- The Science and Technology Facilities Council (STFC)
- The Natural Environment Research Council (NERC)
- The Higher Education Innovation Fund (HEIF)
- The Medical Research Council (MRC)
EPSRC funding supports a wide-ranging knowledge-exchange programme. It aims to strengthen links between UCL researchers and partners from beyond academia, allowing for innovative technological developments to realise their full commercial and social potential.
Following the completion of a three-year, £4.47m partnership between EPSRC and UCL in the form of an Impact Acceleration Account (IAA), the scheme has been extended by a further 18 months with an additional £2.8m of EPSRC funding. The new IAA, running to March 2017, includes ongoing support for East London’s Tech City, Secondments, Discovery to Use grants, and the development of several other strategic initiatives.
BBSRC funding covers a wide remit, with important concentrations in neuroscience, structural biology, industrial biotechnology and technique development. A pilot one-year Impact Acceleration Account (July 2015 – July 2016) is strengthening engagement between UCL researchers and non-academic research users, with a view to transferring new discoveries, materials and technologies to companies. This complements work being conducted through two other BBSRC-funded initiatives, Excellence with Impact and Sparking Impact, and through the MRC’s Proximity to Discovery Fund.
STFC funding has enabled academics to secure a portfolio of grants and contracts for collaborative research with the space sector in the UK and overseas, delivering commercial benefits to the sponsors and the wider supply chain. Following the completion of a successful first stage of the STFC IAA, UCL secured the continuation of this funding for a second consecutive year to support various initiatives during 2015.
NERC funding has supported a broad range of knowledge exchange initiatives. For instance, technologies have been developed for improving our understanding of changes to the earth’s polar ice masses, for modelling catastrophic tsunamis and for predicting the impact of fire upon vulnerable landscapes. Through IAA-supported workshops, courses and placements, networks have been strengthened and knowledge exchanged between UCL researchers and professionals in the geohazards and risk, energy security and renewable energy sectors.
HEIF funding supports the provision of the Knowledge Exchange Champions initiative. PoC funds support the generation of data for commercialisation, eg prototype production or pre-clinical activities. The main aim of Knowledge Exchange Champions is to encourage knowledge exchange within UCL.
MRC funding supports translational research run through the Translational Research Office. The TRO aims to enhance the translational culture within UCL and to facilitate the conversion of UCL’s basic and clinical research into therapies, techniques and medical products with therapeutic value. In 2014 UCL secured a Proximity to Discovery Award from the MRC, aimed at removing barriers to working with industry.
- View opportunities associated with these funding streams (a UCL login is required to access this part of the site)