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UCL receives share of £1.5 million from Research England as part of TenU
3 August 2020
TenU is a global partnership of 10 universities using their expertise to develop, improve and share experience and know-how in commercialising research.
TenU brings together the technology transfer organisations (TTOs) at Cambridge (UK), Columbia (USA), Edinburgh (UK), Imperial College London (UK), Leuven (Belgium), Manchester (UK), MIT (USA), Oxford (UK), Stanford (USA), and UCL (UK).
TenU has been awarded a share of £1.5 million from The Research England Development Fund. The funds will be administered by the University of Cambridge.
A second grant will support the development of a new Policy Evidence Unit for University Commercialisation and Innovation (UCI). This new unit will develop and share best practices in the UK and globally of how universities commercialise research for the benefit of society.
The UK Government has identified universities as key drivers of innovation, and university TTOs are playing a significant role in translating research-based innovations into services and products.
UCL is among the top three universities (HEBCI 2018/19) in the UK for translating its knowledge, with over 25 years of success in taking this know-how externally to generate returns and societal benefit.
UCL’s TTO is UCL Business (UCLB), part of UCL Innovation & Enterprise. UCLB has supported the creation of UCL spinouts that have raised over £1.5 billion in the last 10 years. Recent HEBCI figures for 2018/19 show UCL spinout companies attracted external investment of £579 million, more than any other university in the country.
Read the full story on UCL News website.
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