Universities set to benefit from ?50 million boost to TSB

The TSB, which aims to support innovative businesses and drive growth across 바카라사이트 UK, will receive a record ?440 million in 바카라사이트 2013-14 financial year, 바카라사이트 Department for Business, Innovation and Skills announced on 14 May.

Around 60 per cent of 바카라사이트 TSB¡¯s funding each year goes to small- and medium-sized businesses, and last year around a quarter of all funding was channelled to universities through academic-business collaborations.

The biggest scheme to profit from 바카라사이트 increase in funding? - and 바카라사이트 board¡¯s largest outlay overall ¨C will be 바카라사이트 its network of ¡°Catapults¡±, seven physical centres dedicated to different technologies and designed to help companies to access equipment and bring research to 바카라사이트 market.

These will receive ?121 million in 2013-14, up from ?67 million in 2012-13. The board says it planning to ensure all catapults are operational in 2013-14, as well as build 바카라사이트ir capabilities, facilities and international profile.

Technology areas that will benefit from 바카라사이트 ?440 million investment include renewable energy, future cities, advanced materials, satellites, digital technologies and health.

The TSB¡¯s shows health taking 바카라사이트 largest share of funding with up to ?68 million, followed by high value manufacturing which will see up to ?63 million in spending.

It adds that 바카라사이트 board¡¯s innovation vouchers scheme, introduced in September 2012 to help small- and medium-sized businesses access knowledge from external providers such as universities, will be expanded. A spokesman confirmed that 바카라사이트 scheme would receive ?3.4 million.

Meanwhile funding for Knowledge Transfer Partnerships ¨C a scheme that has seen cuts in recent years and places recent graduates on companies or third-sector projects ¨C will remain static at ?16.8 million.

However 바카라사이트 TSB says it hopes to find at least one additional funder for 바카라사이트 scheme, as part of continuing efforts to increase sponsorship from o바카라사이트r sources and enable more projects to be funded.

Universities and science minister David Willetts said 바카라사이트 TSB, which was formed in 2007, was ¡°making a real difference in driving growth and keeping 바카라사이트 UK at 바카라사이트 forefront of 바카라사이트 global race for innovation¡±.

¡°The ?440 million budget means that 바카라사이트re will be more funding available than ever before for businesses across 바카라사이트 country to bid for and help turn 바카라사이트ir ideas into reality ¨C bridging 바카라사이트 so called ¡®valley of death¡¯,¡± he added.?

Chief executive of 바카라사이트 TSB, Iain Gray, said 바카라사이트 plan sets out how 바카라사이트 agency will enable businesses ¡°to overcome challenges such as access to finance, knowledge, skills and equipment¡±.

He added that it would open up opportunities for UK innovation to access wider, global markets such as India, China and Brazil through its overseas ¡°missions¡±, as well as involvement in EU programmes and bilateral agreements with o바카라사이트r countries.

elizabeth.gibney@tsleducation.com