Strategies for Sustaining Growth of Income from Knowledge Exchange across Higher Education Institutions (HEIs) in the UK
- Published: Friday, 09 January 2015 16:35
- Written by National Centre for Universities and Business
Authors: Adrian Day and Rosa Fernandez
Published: 15th January 2015
Public incentives for knowledge exchange (KE) seek to develop academic engagement, remove obstacles to collaboration, and embed a culture of enterprise across the HE sector. KE activities are also a source of income for HEIs and reached £3.57bn in 2012-13.
There are seven streams of recorded income from Knowledge Exchange (KE) between universities and business: consultancy, contract research, continuing professional development, facilities and equipment, intellectual property income, collaborative research with business, and regeneration income. The latter three are either highly volatile or subject to availability of public funds, so this report focusses on the first four over the six years from 2007 to 2013.
This report offers new evidence on the patterns of and reasons for sustained growth of KE income across HEIs in the UK. More and better evidence of the benefits of academic activity outside academia is continuously needed by policy makers to justify the presence of dedicated incentives for KE activities, but evidence of progress may also be of use for the purpose of allocating these funds.