A consortium led by King’s has been awarded £5 million to strengthen London’s status as a world centre of commercialisation in medical technologies.
The funds, which have been provided by Research England, will see the consortium of King’s, University College London, and Imperial College to bring together their collective expertise in cell and gene therapy to accelerate the progression to patient benefits.
Called Connecting Capabilities in Advanced Therapies, the consortium will create a strategic collaboration between London’s academic institutions, the NHS and industry in order to:
- Create a network to drive academic to academic and academic to industry collaborations
- Provide a single, highly visible ‘front door’ for industry, and promote London’s strengths as a single entity
- Create new training opportunities in this rapidly growing sector
Speaking about the award Professor Simon Howell, Director of Academic Estates Strategy said: ‘Advanced Therapies are a field that London has exceptional expertise in, however this expertise is distributed across a wide range of academic leaders and multiple institutions.
“While substantial collaborations exist between the partners and with industry, there is a considerable untapped opportunity to deliver synergies and a ‘complete package’.
‘London Advanced therapies provides a vehicle to ensure that the potential of our expertise and capabilities can be unlocked. This award provides a vehicle for the wider London Advanced Therapies Community to engage with this ambition and maximise its achievements.’
Research England has invested £67 million in 14 collaborative projects between universities and other parties to drive forward world-class university commercialisation across the country.
David Sweeney, Executive Chair of Research England said: ‘These projects demonstrate the commitment of universities to work together to strengthen the R&D and technology capabilities of the UK, building upon our successful Higher Education Innovation Funding (HEIF).
‘In the Industrial Strategy, the Government asked us to improve our ability to turn exciting ideas into commercial products and services. Universities have stepped forward in these projects to that they can do world-class commercialisation, alongside world-class science.’