Science superstars and small businesses could bring the next big innovations to market with £100 million boost

20 Sep 2019 02:49 PM

Government set to invest nearly £100 million to back the rising stars of science and innovative small businesses.

The rising stars of UK science and trailblazing small businesses will receive significant government support to help answer some of the world’s biggest scientific challenges and help turn ideas into viable products and services.

The Government recently (20 September 2019) announced a £98 million investment, allowing both UK researchers and small businesses to seize the vast opportunities in science and innovation and industries of the future.

Of this, £78 million will be invested in 78 scientists and researchers through the government’s Future Leaders Fellowships scheme, supporting many of those working at the cutting edge of the next scientific discoveries – including solutions to climate change and birth defects.

The remaining £20 million will be allocated to 20 universities to develop new University Enterprise Zones (UEZs) across the country to provide vital specialist support to small businesses in pioneering industries – like Artificial Intelligence (AI), clean growth, smart energy and agri-food.

Science Minister Chris Skidmore recently said:

Delivering on our research and innovation ambitions means putting people first, whether they are just starting out in their career or are leading major projects in academia or industry.

These inspirational Future Leaders Fellows will generate the ideas of the future, helping to shape science and research for the 21st century. But to realise the full potential of these discoveries, their ideas need to be taken out of the lab and turned into real products and services, where they can actually change people’s lives for the better.

That’s why we are creating 20 new University Enterprise Zones, helping local start-ups to co-locate in universities to build the businesses of the future – all inspired by university research.

The first wave of winners of the Future Leaders Fellowships scheme was announced earlier this year – with several projects now underway, ranging from tackling Alzheimer’s disease to helping emergency services reach the scenes of accidents more quickly.

The new fellows will help maintain the UK’s position as a global science and research superpower, with new fellows including:

The remaining £20 million is being allocated by Research England – part of UK Research and Innovation (UKRI) – to 20 universities, from Southampton to Teesside to create UEZs; alongside existing zones in Bradford, Bristol, Liverpool and Nottingham, and a specialised facility at the Bradfield Centre in Cambridge

These UEZs will provide vital specialist support to small businesses at the cutting-edge of pioneering industries.

The scheme will facilitate knowledge sharing between academics and entrepreneurs by opening collaborations with universities and businesses to help them take their ideas from prototype to profit. The UEZs will provide the facilities and expertise to help local SMEs to forge crucial partnerships, driving local growth and job creation.

UK Research and Innovation Chief Executive, Professor Sir Mark Walport, recently said:

The Future Leaders Fellowships will enable the most promising researchers and innovators to become leaders in their fields, working on subjects as diverse as climate change, dementia and quantum computing.

UKRI is committed to creating modern research and innovation careers and our Future Leaders Fellowships aim to support and retain the most talented people, including those with flexible career paths.

These 20 University Enterprise Zones funded by Research England will be important focal points for collaboration in business-friendly environments, driving innovation and delivering benefits that will be felt across economies at the local, regional and national scale.

This investment comes following the government reaffirming its commitment to invest at least 2.4% of GDP in R&D by 2027 and to publishing a roadmap this autumn setting out how it will realise this ambition.

The government has also launched a new immigration route enabling international students to work in the UK for two-years post-graduation, helping the UK attract and retain the brightest and best talent.

Notes to editors:

The Future Leaders Fellowships scheme, which is run by UK Research and Innovation, will recognise 550 individuals with a total investment of £900 million committed over 3 years. The scheme helps universities and businesses in the UK recruit, train and retain the world’s best researchers and innovators, regardless of their background. They can apply for up to £1.2 million to support the research and innovation leaders of the future, keeping the UK at the cutting edge of innovation. Each fellowship will last four to seven years.

Firms interested in applying to host a Futures Leaders Fellow

The full list of fellows can be found below:

The further £20 million will be allocated to 20 Universities by Research England: