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Bournemouth University awarded 2012 Fast Forward prize

27 March 2012

Turning research ideas into business reality at BU

BU recognised for turning ideas into business reality with the 2012 Fast Forward Prize.

Bournemouth University (BU) has been awarded the 2012 Fast Forward prize for their work in turning ideas into business reality.

The Fast Forward prize is awarded to the most innovative universities in the UK for their support to projects that help develop ideas from the drawing board into the market place.

The prize aims to encourage Higher Education Institutions and Public Sector Research Establishments to work with businesses and local communities to develop innovative knowledge exchange practices.

BU, along with Universities of Portsmouth and Southampton will work together to create a unique cross-organisational, innovation and knowledge exchange campus. This strategic partnership aims to significantly develop the impact of Intellectual Property (IP) in the southern region. The project, which has been awarded £75,000, will focus on Digital Technologies, Marine Industries and Advances Manufacturing, with the money specifically being used to support the ongoing exploitation of IP for these sectors.

Announcing the successful projects, the Minister for Intellectual Property, Baroness Wilcox said, “I am delighted to reward these projects for their role in helping hubs of innovation in UK universities to harness the intellectual property derived from their leading research and to collaborate with our most innovative and responsive industries. Bridging the gap between innovation and industry is key, and is vital for the UK’s continued growth, and these projects do just that. I look forward to seeing the real difference this year’s winners will bring to university and industry relationships.”

The 2012 competition, which provides individual projects with funding ranging from £10,000 to £90,000, was open to UK Universities and Public Sector Research Establishments and saw over 50 entries with 13 projects awarded the prize and financial support. The money is provided to winning organisations to encourage innovative approaches to transferring knowledge from academic research to real world products and services.

Further information on the Fast Forward Prize can be found at the Intellectual Property Office website.

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