Competition is launched to support innovative IP projects
29 September 2011
A £760,000 competition to support and improve the way in which universities can maximise innovation has been launched by Intellectual Property Minister Baroness Wilcox. The Fast Forward Competition encourages Higher Education Institutions and Public Sector Research Establishments to work together with businesses and local communities to share research, innovation and intellectual property (IP).
The aim of the venture is to invest in research and knowledge transfer projects that have the potential to create new companies or services which benefit both the UK economy and society. Applicants can bid for funding ranging from £10,000 to £100,000 for proposals that will improve the way in which their intellectual property and knowledge exchange is managed. Baroness Wilcox (pictured) said:
“The development of intellectual property at UK institutions is vital to help them provide the starting blocks for new businesses to grow. By investing in innovative ideas at an early stage we will be giving institutions the best possible chance to support the future economic growth of the UK. The Fast Forward competition recognises that education establishments are where ground breaking ideas can be developed and turned into success stories.”
The closing date for competition proposals to be received is 30 December 2011.
For details on how to enter the competition visit the IPO website. Winners will be announced in early 2012.
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