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University's Influence On Business Grows
Story supplied by LU Press Office
InfoLab21 Reception
Lancaster University has moved up the rankings to be placed in the top tier of colleges and universities in the UK which generate wealth through working with business.
The University's income from collaborative research with business rose from just under £7m in 2005/06 to over £11.5m in 2006/07 according to a Government report. Collaborative research is a crucial vehicle for universities to work with leading-edge innovators around the world.
The University was further ranked third in the country for the number and value of its contracts with small and medium-sized enterprises (SMEs) in 2006/07.
The help offered by the University to SMEs includes business consultancy to solve problems, professional training to improve skills and help to develop new products and services.
The report is published by the Government and the Higher Education Funding Council for England and looks at the contribution of universities and colleges to the wider economy, whether by the commercialization of new knowledge, training and development, consultancy or spin-off companies.
Strong Ties
Science and Innovation Minister, Ian Pearson, said: "Business and academia are forging strong ties, with collaborative research an important way of developing new technologies to help give this country the edge in an increasingly competitive world."
Lancaster University's success in generating income from business-related activity comes on the back of a survey commissioned by the University showing how it has boosted the regional economy.
Between 398 and 597 new jobs were created in enterprises supported by the University in the two years from January 2006 to December 2007. The average growth in employee numbers in organisations helped by the University ranged from between 12 and a half to 14 full time equivalent jobs. In the past six years, the University has supported more than 2,000 regional businesses, social enterprises and community organisations through a range of economic regeneration programmes.
The University has nine regional enterprise support centres: InfoLab21 (ICT Centre of Excellence), Lancaster University Management School - Institute for Entrepreneurship & Enterprise Development (IEED), Lancaster Environment Centre (LEC), Lancaster University Product Development Unit (LPDU), Lancaster Business Creation (LBC), Lancaster University Volunteering Unit (LUVU), the Tourism Centre, the Innovation & Enterprise Unit and the Centre for Employability Enterprise and Careers (CEEC). They are largely funded through the European Regional Development Fund (ERDF), the Higher Education Institution Fund (HEIF) and the Northwest Regional Development Agency (NWDA).
Mon 11 August 2008
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Latest News
Geography student sets up film company
It is well known that Geography graduates are highly employable and use their degrees in many different ways. One of the more unusual we have heard about recently is Lancaster geographer Greg Tomaszewicz who has set up his own Video Production Company - Lanor Productions.
Story supplied by LU Press Office
Fri 22 February 2013
Eco-innovation businesses invited to attend pioneering project launch
Ambitious North West SMEs keen to drive forward eco-innovative ideas and products are invited to a major event in Manchester on March 4.
Story supplied by LU Press Office
Thu 21 February 2013
First Science and Technology Business Partnerships and Enterprise Annual Report 2011-2012 available to download now
2011-2012 saw the development of a new theme-based strategy for Business Partnerships and Enterprise in Science and Technology. The seven interdisciplinary themes are: Advanced Manufacturing, Energy, Environment, Health and Human Development, Information and Communication Technologies, Quantum Technology and Security. Each theme has dedicated professional staff to work with businesses and source the expertise they need.
Tue 19 February 2013
Lancaster University Coffeemat Challenge won by Science and Technology student Seb
The concept of a new university website, complete with mobile application, to capture the campus social scene at a glance, earned an enterprising student an iPad.
Story supplied by LU Press Office
Tue 19 February 2013