UK unis want spin-off fund

Britain's top universities have asked the government for £1 billion ($1.4 billion) to finance university spin-off companies, a measure that could help bolster the faltering UK economy and prop up the biotech industry, according to__ linkurl:Education Guardian.;http://www.guardian.co.uk/education/2009/mar/10/research-funding Image: flickr/a.drian__The call was spearheaded by Imperial College London with backing from the universities of Oxford, Cambridge, and Edinburgh, as well as the linkur

Elie Dolgin
Mar 10, 2009
Britain's top universities have asked the government for £1 billion ($1.4 billion) to finance university spin-off companies, a measure that could help bolster the faltering UK economy and prop up the biotech industry, according to__ linkurl:Education Guardian.;http://www.guardian.co.uk/education/2009/mar/10/research-funding
Image: flickr/a.drian
__The call was spearheaded by Imperial College London with backing from the universities of Oxford, Cambridge, and Edinburgh, as well as the linkurl:National Endowment for Science, Technology and the Arts;http://www.nesta.org.uk/ (NESTA), a non-governmental body that invests in early-stage companies. NESTA also petitioned the government in linkurl:December;http://www.nesta.org.uk/assets/Uploads/pdf/briefing_note/stimulating_venture_capital_NESTA.pdf for a similar £1 billion fund to stimulate venture capital investment in early-stage science and technology firms. The government is seriously considering the proposal, said Matthew Barker, a spokesperson for the linkurl:Department of Innovation, Universities & Skills;http://www.dius.gov.uk (DIUS). "It's an option that the government is looking at" in combination with a number of other proposals to help business in the current economic climate, he...




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