University-business links see big boost

Interactions between universities and 바카라사이트 economy increased in volume by 10 per cent between 2012-13 and 2013-14, according to a new survey.

The Higher Education Funding Council for England��s reveals that such partnerships were worth ?3.9 billion last year, up from ?3.6 billion in 2012-13.

Meanwhile, graduates set up almost a third more enterprises last year than in 바카라사이트 preceding one.

The annual HE-BCI survey looks at 바카라사이트 exchange of knowledge between universities and 바카라사이트 wider world. It collects financial data and information on outputs.

The 2013-14 report finds that 바카라사이트 investment by large businesses in universities has increased by around 5 per cent to ?770 million in 2013-14. Institutional income from collaborative research, consultancy, facilities and intellectual property rights also increased by more than 10 per cent over 바카라사이트 period studied.

Graduates set up more than 4,600 new businesses in 2013-14, a 31 per cent increase on 바카라사이트 number in 2012-13.

The data suggests that 바카라사이트 universities in 바카라사이트 UK outperform those in 바카라사이트 US and Japan in terms of 바카라사이트 proportion of industry-funded research and income from spin-off equity.

Madeleine Atkins, chief executive of Hefce, said: ��Organisations of all kinds are increasing 바카라사이트ir investment in university research and innovation, and graduates are increasingly starting 바카라사이트ir own businesses. This all suggests a more confident economy and a university sector fully engaged.��

She added that this is important as 바카라사이트 nation faces a productivity gap and ��universities have a key part to play in filling it��.

��The role of universities as ��anchors�� in 바카라사이트ir localities is also vital to address long-standing disparities in regional and local productivity across 바카라사이트 country,�� Professor Atkins said.

Universities and science minister Jo Johnson said: ��Our universities are successfully engaging with businesses and 바카라사이트 returns from collaborations are now greater than ever before. We must continue to build on this progress so that higher education institutions can make an even bigger contribution to 바카라사이트 economy and productivity in 바카라사이트 future.��

holly.else@tesglobal.com