Universities Week: Willetts announces Biomedical Catalyst funding

Universities and science minister David Willetts has announced a £48 million investment in biomedical research.

June 9, 2014

More than 70 research projects have received grants as part of a scheme designed to speed up the commercialisation of research in priority areas.

Speaking at Bournemouth University to launch the Biomedical Catalyst funding, Mr Willetts said that the initiative will “help us to realise treatments that could have remained trapped in the laboratory”.

Among the research projects to secure finance are a blood test that can identify Alzheimer’s disease, a new gene therapy for Parkinson’s disease and a new method for treating cancerous tumours.

Mr Willetts, who was speaking to mark the start of Universities Week, said: “The projects we are funding through the Biomedical Catalyst are testament to the depth and quality of our British research base.

“The UK life science industry is one of the world leaders; it is the third largest contributor to economic growth in the UK.”

He added that the sector is changing, with more focus on collaboration, research outsourcing and earlier clinical trials. 

The Medical Research Council and the Technology Strategy Board jointly run the Biomedical Catalyst. 

Sir John Savill, chief executive of the MRC, said: “Since its inception, the Biomedical Catalyst has awarded over £170m to UK scientists and businesses. This has been matched by an additional £97m of private investment.”

He added: “The academic-industry partnerships forged through this investment will help to improve lives by delivering the next generation of innovative therapies and will help drive the UK economy.”

Universities Week, which runs from 9-15 June, is celebrating the role that academic research plays in improving people’s lives.

holly.else@tsleducation.com

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

Assistant Recruitment - Human Resources Office

University Of Nottingham Ningbo China

Outreach Officer

Gsm London

Professorship in Geomatics

Norwegian University Of Science & Technology -ntnu

Professor of European History

Newcastle University

Head of Department

University Of Chichester
See all jobs

Most Commented

men in office with feet on desk. Vintage

Three-quarters of respondents are dissatisfied with the people running their institutions

students use laptops

Researchers say students who use computers score half a grade lower than those who write notes

Canal houses, Amsterdam, Netherlands

All three of England’s for-profit universities owned in Netherlands

sitting by statue

Institutions told they have a ‘culture of excluding postgraduates’ in wake of damning study

A face made of numbers looks over a university campus

From personalising tuition to performance management, the use of data is increasingly driving how institutions operate