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15 November 2012 | PR 12/203

£2million to boost science innovation at Loughborough

Loughborough University has been awarded over £2million as part of a national funding scheme to help turn the country’s best science ideas into good business.

The ‘Impact Acceleration Accounts’ are awarded by the Engineering and Physical Sciences Research Council (EPSRC). They will give the nation’s best physical scientists and engineers the support they need to deliver greater collaboration with industry, bridge the gap between the lab and the marketplace, and help them accelerate the creation of impact from their research.

The award to Loughborough – worth £2,039,165 – will enable companies to engage with the University’s research projects at an early stage and benefit from the breakthroughs and knowledge they generate.

Increased numbers of Loughborough’s scientists and engineers will be able to spend time within business and industry, improving their knowledge and skills and returning to the lab with a better understanding of the way companies operate and the challenges they face.

The award will also provide ‘proof of concept’ funding, through which the University’s researchers will be able, for example, to undertake market research and develop prototypes to demonstrate the potential for and viability of their innovation.

Announcing the awards today, the Business Secretary, Vince Cable, said: “The UK's scientists are some of the most innovative and creative people in the world, but they need support to take their best ideas through to market.

“This investment I'm announcing today will help our leading universities become centres of innovation and entrepreneurship, generating commercial success to fuel growth.”

EPSRC chief executive Professor David Delpy said: “The research we support is recognised as outstanding on the international stage. These Accounts aim to make a step change in the impact that has on society: generating new business opportunities which drive economic growth, creating better, more informed, public policy.”

Professor Steve Rothberg, Pro Vice Chancellor for Enterprise at Loughborough University, added: “Loughborough has a long record of working in partnership with business, public and voluntary organisations. This award will allow our staff to enhance those partnerships, and ensure that our research and innovation are finding effective solutions to the technical challenges faced by UK businesses.”

−ENDS−

For all media enquiries contact:

Hannah Baldwin
Head of PR
Loughborough University
T: 01509 222239
E: H.E.Baldwin@lboro.ac.uk 

EPSRC Press Office
T: 01793 444404
E: pressoffice@epsrc.ac.uk

Notes for editors:

About Impact Acceleration Accounts

  • EPSRC has awarded a total of £60m to 31 universities in the UK including five in Scotland, one in Northern Ireland, and two in Wales.
  • The awards range in size from £600,000 to just under £6m
  • A full list and regional summaries are available – please call EPSRC press office.

About EPSRC
The Engineering and Physical Sciences Research Council (EPSRC) is the UK’s main agency for funding research in engineering and physical sciences. EPSRC invests around £800m a year in research and postgraduate training, to help the nation handle the next generation of technological change.

The areas covered range from information technology to structural engineering, and mathematics to materials science. This research forms the basis for future economic development in the UK and improvements for everyone’s health, lifestyle and culture.

About Loughborough University
Loughborough is one of the country’s leading universities, with an international reputation for research that matters, excellence in teaching, strong links with industry, and unrivalled achievement in sport and its underpinning academic disciplines.

It was awarded the coveted Sunday Times University of the Year 2008-09 title, and is consistently ranked in the top twenty of UK universities in national newspaper league tables. In the 2011 National Student Survey, Loughborough was voted one of the top universities in the UK, and has topped the Times Higher Education league for the Best Student Experience in England every year since the poll's inception in 2006. In recognition of its contribution to the sector, the University has been awarded six Queen's Anniversary Prizes.

Loughborough is also the UK’s premier university for sport. It has perhaps the best integrated sports development environment in the world and is home to some of the country’s leading coaches, sports scientists and support staff. It also has the country’s largest concentration of world-class training facilities across a wide range of sports.

It is a member of the 1994 Group of 12 leading research-intensive universities. The Group was established in 1994 to promote excellence in university research and teaching. Each member undertakes diverse and high-quality research, while ensuring excellent levels of teaching and student experience.

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