UCL is today launching the UCL Technology Fund to invest £50 million in commercialising its world-leading research emerging over the next five years.
UCL hosts Advanced Technology showcase
24 October 2012
UCL hosted an Advanced Technology Showcase this week to demonstrate how partnerships between universities and business can help them to grow.
The showcase, held at Senate House – part of the University of London – showed to representatives of the electronics, sensor and photonics industries how partnership with universities, including UCL, can help them to grow.
Professor Stephen Caddick, Vice-Provost Enterprise at UCL, spoke at the event.
“Universities really have the potential to contribute massively to the health of the British economy,” he said. “Partnerships between researchers on the one hand, and business on the other, have really exciting potential for world-leading innovation and boosting growth and creating jobs.”
This event aimed to put businesses in direct touch with universities looking to collaborate or form joint ventures with commercial enterprises to innovate products or services out of research.
The universities who were at the event – including UCL, Imperial College London, Cambridge, Reading, Brunel and Cranfield School of Management, amongst others – demonstrated how business could work with them in the fields of consultancy, sourcing interns, commercialising research and Intellectual Property. Speakers included the CBI, Cisco and Vodafone.
“Universities like UCL are already working closely with business to drive innovation collaboratively,” says Professor Caddick. “For our part, we are working closely with Intel and Cisco to invest heavily in supporting digital enterprise in Tech City, and to drive commercialisation of our research in radical and commercially productive ways.
“It was testament to the seriousness with which universities are taking collaborating with business that so many of our strongest institutions were represented at the showcase – and likewise that so many businesses are recognising what our higher education institutions have to offer the commercial sector.”