The rising stars of UK science and trailblazing small businesses will receive significant government support to help answer some of the world’s biggest scientific challenges and help turn ideas into viable products and services.
Today, the Government announced a £98m investment, allowing both UK researchers and small businesses to seize the vast opportunities in science and innovation and industries of the future.
Of this, £78m will be invested in 78 scientists and researchers through the government’s Future Leaders Fellowships scheme, supporting many of those working at the cutting edge of the next scientific discoveries – including solutions to climate change and birth defects.
The remaining £20m will be allocated to 20 universities to develop new University Enterprise Zones (UEZs) across the country to provide vital specialist support to small businesses in pioneering industries – like Artificial Intelligence (AI), clean growth, smart energy and agri-food.
Science Minister Chris Skidmore said: “Delivering on our research and innovation ambitions means putting people first, whether they are just starting out in their career or are leading major projects in academia or industry.
“These inspirational Future Leaders Fellows will generate the ideas of the future, helping to shape science and research for the 21st century. But to realise the full potential of these discoveries, their ideas need to be taken out of the lab and turned into real products and services, where they can actually change people’s lives for the better.
“That’s why we are creating 20 new University Enterprise Zones, helping local start-ups to co-locate in universities to build the businesses of the future – all inspired by university research.”