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Group of UK universities band together to advance technology transfer in the Midlands region

By Jesse Schwartz
Published: January 10th, 2018

Midlands Innovation, a group of eight UK universities, is launching an initiative to accelerate the commercialization of university technologies by banding together for greater reach to attract both capital and industry.

The group will provide a unified tech transfer office for the universities of Aston, Birmingham, Cranfield, Keele, Leicester, Loughborough, Nottingham and Warwick. The Midlands is a key growth region for the British government, and Midlands Innovation plans to grow the local innovation ecosystem to where it could attract £300M for a venture capital fund.

The group says the universities are currently developing more than 500 start-ups in total, and that they generate the most inventions and patents per unit of research income of any UK university group.

“Midlands Innovation is looking for large ‘patient capital’ investors, people who are willing to back new ideas in the Midlands for the long term,” says Helen Turner, director of Midlands Innovation.

“Now more than ever before, there is a need for universities to work together to underpin the social and economic fabric of the Midlands and exploit our international reach for regional economic benefit,” says Trevor McMillan, vice chancellor of Keele University. “Our growing collaboration in the area of technology transfer is central to this.”

Source: Global University Venturing

Posted under: Tech Transfer e-News

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