News archive 2005
Knowledge Transfer funding success02 Dec 2005, PR 105/05
King's has been awarded £3 million for 2006-08 in the provisional awards for the third round of the Higher Education Innovation Fund (HEIF 3). It is one of only nine out of some 130 higher education institutions to get the full award.
The awards are funded by the Office of Science and Technology and the Higher Education Funding Council for England in order to support a broad range of knowledge transfer activities of direct and indirect benefits to the UK economy.
Dr Alison Campbell, Managing Director of KCL Enterprise described the provisional award as vindicating the College's approach to knowledge transfer: ‘Pump priming through previous rounds of HEIF have enabled a strong and coherent team to be built within KCL Enterprises, concentrating on building links with business and the community and generating activity and income. King's has rightly been rewarded for a sustainable and innovative Knowledge Transfer structure within the College that creates tangible and successful outcomes.'
Professor Lawrence Freedman, Vice-Principal (Research) congratulated the King's team on an excellent result and stressed the importance of utilising these funds ‘to build further capacity and sustainability for Knowledge Transfer at the College. While it is important to have an emphasis on a strategic, research-led approach we will also aim to have sufficient flexibility so we can respond to innovative ideas. If this is to be done successfully we will need to integrate knowledge transfer activity further into the infrastructure of the College. This will ensure that the excellent record of the past few years can be sustained in the future.'
Knowledge Transfer at King's is defined as:
‘The exchange of knowledge, expertise and skilled people between the College and its user community for the mutual benefit of the College and these external agencies by adding value to their core activities and increasing competitive position and benefit to society. Knowledge Transfer encompasses: contract and collaborative research with industry, consultancy, patenting and licensing, developing spin-out companies, the development of professional and short courses and work experience. Our user community includes business and the public sector (including cultural sector, NHS, government and its departments).'
Notes to editors
King's College London
King's College London is one of the two oldest and largest colleges of the University of London with over 13,800 undergraduate students and nearly 5,700 postgraduates in nine schools of study. It is a member of the Russell Group: a coalition of the UK's major research-based universities. The College has had 24 of its subject-areas awarded the highest rating of 5* and 5 for research quality, demonstrating excellence at an international level, and it has recently received an excellent result in its audit by the Quality Assurance Agency.
King's is in the top group of UK universities for research earnings, with income from grants and contracts of £100 million, and has an annual turnover of more than £348 million. In 2004 the College was once again awarded an AA- financial credit rating from Standard & Poor's.
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