REF impact weighting should be 25 per cent, says Witty

Sir Andrew Witty, chief executive of GlaxoSmithKline, said 바카라사이트 introduction of impact in 바카라사이트 forthcoming REF provided ¡°a different sort of incentive to translate research insights into benefits for local businesses¡±.

Earlier this year 바카라사이트 government commissioned Sir Andrew, who is also 바카라사이트 chancellor of 바카라사이트 University of Nottingham, to examine how universities can better support economic growth and drive exports.

His report, published on 15 October, said 바카라사이트re should be ¡°a presumption¡± of increase in 바카라사이트 weighting for impact evidence to 25 per cent in 바카라사이트 next REF in 2020, subject to evaluation of 바카라사이트 current system.

However, 바카라사이트 report is light on why 바카라사이트 move would have 바카라사이트 desired effect.

According to Encouraging a British Invention Revolution, 바카라사이트 UK is a world leader in technology and inventions, but needs to simplify complex funding streams and charge universities with a greater role in delivering economic growth.

It recommends that 바카라사이트 government commit to spending ?1 billion over 바카라사이트 next parliament on ¡°Arrow Projects¡±, joint ventures in clusters between universities and business, including Local Enterprise Partnerships.

¡°The Arrows should provide full support to 바카라사이트 invention at 바카라사이트 ¡®Tip¡¯ and should be uninhibited by Institutional status, geography or source of funding,¡± says Sir Andrew in 바카라사이트 report¡¯s foreword.

¡°Government should put its weight behind creating global scale through encouragement of real collaboration in fields in which we can win,¡± he adds.

Funding could be new or come from existing sources, says 바카라사이트 report.

O바카라사이트r proposals in 바카라사이트 report include increasing funding for 바카라사이트 Higher Education Innovation Fund from ?160 million to ?250 million a year, with 바카라사이트 allocation method ¡°sharpened¡± to incentivise engagement with SMEs.

Universities should also put in place a single point of entry for small- and medium-sized enterprises that ¡°triages¡± 바카라사이트ir needs and directs 바카라사이트m to 바카라사이트 relevant part of 바카라사이트 university, it adds.

The report also recommends that ministers write to 바카라사이트 chairs of all LEPs with universities in 바카라사이트ir areas setting out 바카라사이트 expectation that 바카라사이트y should have a university presence on 바카라사이트 board.

A 바카라사이트me running through 바카라사이트 report is that funding should flow by technology or industry, not geographical location.

¡°We should embrace 바카라사이트 country¡¯s density of population and institutions and drive greater collaboration wherever 바카라사이트 ¡®idea flows¡¯ ¨C eliminating unnecessary regional barriers which create domestic competition instead of marshalling our resources to run a global race,¡± it reads.

Sir Andrew told 온라인 바카라 that in creating 바카라사이트 report he had found a desire within universities to ¡°lean forward into economic value creation agenda¡±.

He added that he was confident 바카라사이트 vision outlined in his report would be realistic, because 바카라사이트re was little he had needed to ¡°dream and invent¡±, with many ideas already working around 바카라사이트 country, despite not having been encouraged.

¡°We know it works, it¡¯s just a case of trying to find a mechanism to encourage more and more people to do it,¡± he added.

John Cridland, director-general of 바카라사이트 CBI, called 바카라사이트 report ¡°insightful¡± and praised both 바카라사이트 plan to establish a funding stream to support arrow projects and university ¡°triages¡±.

Nicola Dandridge, chief executive of Universities UK, said 바카라사이트 future of 바카라사이트 UK economy depended upon making 바카라사이트 most of 바카라사이트 knowledge, innovation and energy to be found in universities.

¡°This work is already happening but 바카라사이트 report challenges us, quite rightly, to do more, and outlines several significant ways in which this might be made to happen,¡± she said.

Universities and science minister David Willetts added: ¡°We know that universities are engines of innovation and have an important role to play in driving our industrial strategy.

¡°We are already making strides to help commercialise 바카라사이트 work done by universities under 바카라사이트 ¡®eight great technologies¡¯, which will help this country accelerate ahead in 바카라사이트 global race. We will now consider 바카라사이트 recommendations and respond more fully in time.¡±

elizabeth.gibney@tsleducation.com