UK reviews support for tech transfer funding:
This article was originally published in Clinica
We are considering moving further away from the bidding aspect to a formulaic approach." So said the UK minister for science and innovation, Ian Pearson, in response to a parliamentary question (July 27) from shadow minister Andy Reed on the government's support for technology transfer arrangements. Citing the "few minor tweaks and amendments" that technology transfer investors would like to the "little gap in the pre-venture capital stage", for example, Mr Reed suggested that such "minor improvements [would] make an enormous difference to a track record that is already pretty good". Acknowledging the importance of the higher education innovation fund, through which the government claims to have invested "more than £500m [$1bn] in promoting university business links" over the last seven years, Mr Pearson said that consideration was being given to "some tweaking for the next stage of the fund" and that he would be happy to discuss such changes.