Reporter 439, 27 September 1999

White Rose scoops £2.9m from fund

The White Rose Consortium of Leeds, Sheffield and York universities has won its second major Government award in six months. Trade and Industry Secretary Stephen Byers announced the £2.9m award to the consortium under the Science Challenge Fund. This follows an award earlier in the year of £4.5 million from the University Challenge Fund (see Reporter 433). The latest grant will be used to set up a world-class Centre for Enterprise. Expert teams with track records in the exploitation of science and engineering knowledge will be brought together in the Centre to support the formation of start-up companies. Graduates and researchers will be helped in taking ideas from the conceptual stage, through legal and company start-up advice, to full commercialisation. The Centre for Enterprise will also match innovative technologies developed in the three universities with existing companies willing to exploit their business potential. "Yorkshire’s universities were founded on technology transfer," said University Vice-Chancellor Professor Alan Wilson. "We have long been proud of our achievements in the commercial exploitation of quality research. The White Rose Centre for Enterprise will take us forward, nurturing a culture of innovation in which the region’s new high-tech business can thrive."

A copy of the press release is available by clicking here

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