15th June 2004

 

MAJOR CASH BOOST FOR UNIVERSITY

 

The University of Lincoln has been given a £1.5 million boost to develop links with commerce and industry.

 

The university will receive £800,000 over the next two years under the second round of funding from the Higher Education Innovation Fund (HEIF2).

 

A further £700,000 will be awarded to four consortium projects in which the university is involved.

 

“This is a very large allocation for the University of Lincoln,” said Gary Cook, Director of Commercial Partnerships. “It gives this university the opportunity to make a step change increase in the scale of our work with the business community.

 

“Knowledge transfers between universities and businesses is very high up on the government agenda and this funding will enable the university to play its full role in this area of government policy.

 

“The money will help to fund the university’s work with business and the community.  It also rewards the institution for what we have already achieved and encourages the university to build more extensive links with industry.”

 

The university aims to increase the number of graduate business start-ups, including the development of the university’s incubator centre, Sparkhouse Studios.  Other subject areas will also be developed, including the sciences.

 

“We also aim to develop gradate placements through Knowledge Transfer Partnerships.  We will be appointing knowledge transfer officers for each of the faculties and institutes to make linkages between academics and relevant companies,” said Mr Cook.

 

The HEIF2 awards are sponsored by the DTI, DfES and HEFCE.

 

For more information contact:

Lindsey Bird, Assistant Press Officer

01522 886625                                   lbird@lincoln.ac.uk

Visit our news web pages:                        www.lincoln.ac.uk/news