Current Innovation and Enterprise Funding Streams
UCL Innovation and 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
Engineering and Physical Sciences Research Council Impact Acceleration Account
EPSRC IAA 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 five-year, £7.75m IAA partnership between EPSRC and UCL), a new three-year scheme, valued at £5.4m, is underway. The new IAA, running from 2017 to 2020, includes ongoing support for Secondments, Discovery to Use (pre-commercialisation) grants, plus the IAA Knowledge Exchange and Innovation Fund.
We are also
introducing a range of initiatives, developed in response to the aims outlined in
our UCL2034 strategy and the development of UCL East. These include a focus on
encouraging high-growth SME engagement with UCL research, new industry clubs or
networks, and the appointment of industry research scientists as visiting
Biotechnology and Biological Sciences Research Council Impact Acceleration Account
BBSRC IAA funding is available as part of the Global Challenges Research Fund (GCRF). This is a five-year funding stream, launched in 2015. The GCRF-IAAs are designed to facilitate knowledge exchange and enable innovation in an international development context, to include activities with Development Assistance Committee (DAC) members. Awards can be used to promote activities and deliver outputs and impacts relevant to Official Development Assistance (ODA) guidelines, namely to promote economic development and welfare within low and middle income countries on the DAC list.
In 2016-17, four of our BBSRC-related projects with potential global reach received funding as part of this scheme.
Science and Technology Facilities Council Impact Acceleration Account
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. In 2017, STFC funding is available via an Impact Acceleration Account for Knowledge Exchange and Innovation (KE&I) Projects.
The STFC Impact Acceleration Account can be used to support the commercialisation of STFC-funded research outputs; support the training of STFC-funded academics in knowledge exchange and commercialisation; support the assessment for commercial potential of STFC-funded research outputs; and support the engagement of STFC-funded academics with relevant users of their research.
HEIF funding supports the provision of the new Knowledge Exchange and Innovation Fund 2017. The specific aim of the call is to stimulate innovation at UCL by supporting impact and knowledge exchange activities aligned with the core themes of UCL’s strategy (UCL 2034). A successor to the Proof of Concept and Knowledge Exchange Champions, the scheme has been designed to support the breadth of KE and Innovation activity across UCL arising from research from any discipline.
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