Partnerships for a Prosperous Nation
SYMETA funders, the Engineering and Physical Sciences Research Council have announced £138 million investment in research-business partnerships.
Two major investments in research partnerships will strengthen the links between the UK’s research base, industry and business partners. Both investments show the pivotal importance of engineering and the physical sciences to the country’s continued development as a global research and innovation leader.
The first investment is a new initiative, a set of Prosperity Partnerships, which will receive £31 million from EPSRC and the Industrial Strategy Challenge Fund (ISCF). This will be matched by a further £36 million from partner organisations in cash or in-kind contributions, and £11 million from universities’ funds, resulting in a £78 million investment.
Ten universities will lead 11 projects ranging from the future networks for digital infrastructure to offshore wind and they will partner with businesses operating in key areas of the innovation landscape. These include household names such as Siemens, BP and Unilever and also firms like M Squared Lasers that are leading in areas such as advanced photonics.
SYMETA's partners, the University of Exeter are leading one of the eleven Prosperity Partnerships in collaboration with Qinetiq. The ‘Tailored Electromagnetic and Acoustic Materials’ Accelerator (Team A)
EP/R004781/1 is a collaboration to develop new materials and technologies that can control the propagation of electromagnetic (e.g. radiated heat, light, radiowaves) and acoustic (sound, vibration, shock) energy in a highly tailored, bespoke fashion, solving real-world problems.
The second EPSRC investment is £60 million for 33 universities to advance their Impact Acceleration Accounts (IAA). These allow institutions the flexibility to operate tailored schemes that help increase the likelihood of impact from their research. The IAAs speed up the contribution that scientists make towards new innovation, successful businesses and the economic returns that benefit the UK.