UCL awarded £6.5m funding to translate research into global impact

Purple UCL sign - UCL has received the second highest amount of funding given to organisations across the country in the latest round of a government scheme supporting the translation of research. The university has secured £6.5m of a total £118m distributed by UK Research and Innovation (UKRI) as part of its Impact Acceleration Account (IAA) programme, second only to the University of Oxford. Awarded to 64 universities and research organisations, IAA investment supports critical early-stage translation of UK research to real impacts, transforming public services, creating new jobs, attracting private investment and forging new partnerships with business and charities. The UKRI institutional awards are distributed through the UK's network of research councils: the Arts and Humanities Research Council (AHRC); Biotechnology and Biological Sciences Research Council (BBSRC); Science and Technology Facilities Council (STFC); Medical Research Council (MRC) and the Engineering and Physical Sciences Research Council (EPSRC). Dr Kathryn Walsh, Executive Director, UCL Innovation & Enterprise, said: "This funding is testament to the breadth of UCL research and innovation, which is enabling the brightest and most disruptive ideas to emerge in the UK and worldwide. It will mean UCL can continue to support academics to unlock the value of their work, whether it is early-stage commercialisation of new technologies or advancing changes to public policy." The IAA programme, now in its tenth year, has provided early-stage support to projects that are now established global businesses.