- Published: Wednesday, 27 March 2013 10:06
- Written by Patric Donnachie
How do we make the most of the UK’s research base?
That's the question behind Growing Value, which seeks to maximise the economic impact of the UK's world class research.
The Growing Value project has grown out of the Enhancing Value Task Force, a collaboration between NCUB (then CIHE) and the UK-Innovation Research Centre (UK-IRC). The Task Force was co-chaired by David Eyton of BP and Dame Shirely Pearce then Vice-Chancellor of Loughborough University. They undertook extensive research on this question and produced four key reccomendations:
- Maintaining the excellence of the UK Research Base through long-term strategic commitments from government.
- Prioritising and financing collaboration, and the sharing of best practice in innovation, between UK universities and businesses, local and global.
- Promoting entrepreneurship and entrepreneurial corporate management in universities in order to enhance risk-taking and innovation in business.
- Developing sector strategies to incentivise university-business interactions designed to match specific sectoral systems of innovation.
Growing Value research series:
- The UK R&D Landscape (2012)
An international comparative framework to stress the need to sustain the competitiveness of UK R&D in terms of both quantity and quality.
- Enhancing Impact: The Value of Public Sector R&D (2012)
Assessing the impact of public sector R&D, highlighting the benefits of publicly funded research and exploring the connections between the public and private sector.
- Enhancing Collaboration, Creating Value: Business Interaction with the UK Research Base in Four Sectors (2012)
Research into how business interacts the research base, with 71 interviews from the construction, energy, pharma and CDIT (Creative, Digital and IT) sectors.
- Growing Value: Business-University Collaboration for the 21st Century (2012)
The conclusions of the Enhancing Value Task Force, including their four recommendations for action and case studies of collaboration.
- Growing Value Book (2014)
Collecting and updating the full range of research from the reports above to provide a robust evidence base for the benefits of university-business collaboration. Available to download as an e-book for your iPad or Kindle.