The health of business-university partnerships has never been stronger, but we need to do more and be better to help grow prosperity in the UK.

The health of business-university partnerships has never been stronger, but we need to do more and be better to help grow prosperity in the UK.
In their foreword to the third review of the State of the Relationship (SoR) between businesses and universities, Sam Laidlaw, Chairman, and David Docherty, Chief Executive, of the National Centre for Universities and Business said:
 
“Great work is being done, but we need to do more and be better if the UK is to take on the challenges of knowledge-based economies in the 21st Century.”
 
Revealing the energy, inventiveness and persistence of partnerships across the UK, members and funders of the National Centre provide a rich source of insight into high quality co-operation through 46 case studies and 10 extended essays.
 
The National Centre’s Collaboration Progress Monitor shows that collaboration between universities, businesses and government in the UK is healthy and growing:
 
Industry income for knowledge exchange in universities increased 6% to £896 million in 2014, growing faster than public and third sector income. 
Only £300 million of this came from R&D budgets, showing academic knowledge is valued across businesses, eg in operations, marketing, procurement, and HR.
Foreign investment in universities and income from licensing grew faster than other sources, demonstrating the increasing value of UK collaboration.
Universities recorded over 80,000 interactions with small and medium sized companies.
 
The Report also reveals that:
 
Digital, personal, and organisational networks increase activity and widen access to the benefits of collaboration.
Collaborative talent development improves graduate employability, and smooths the labour market frictions that hinder innovation and business development.
Devolution is a fertile ground for new placed-based collaborations.
Collaboration in smart digital health is widespread across the UK and is at the cutting edge of competition in the knowledge economy.
 
ENDS
 
About the National Centre for Universities and Business
The National Centre for Universities and Business is an independent and not-for-profit organisation that promotes, develops and supports university-business collaboration across the UK. The National Centre is the only organisation bringing together universities and business to influence government and solve the country's challenges. 
Copies of the report are available here: 
 
For further information:
Shivaun Meehan
Senior Manager, Communications and Engagement
National Centre for Universities and Business 
T: +44 (0)20 7383 8193 M: +44 (0)7989567826 E: shivaun.meehan@ncub.co.uk 
 
James Lenney
Digital Communications Officer
National Centre for Universities and Business 
T: +44 (0)20 7383 8185 E: James.lenney@ncub.co.uk 

In their foreword to the third review of the State of the Relationship (SoR) between businesses and universities, Sam Laidlaw, Chairman, and David Docherty, Chief Executive, of the National Centre for Universities and Business said:

 

“Great work is being done, but we need to do more and be better if the UK is to take on the challenges of knowledge-based economies in the 21st Century.”

 

Revealing the energy, inventiveness and persistence of partnerships across the UK, members and funders of the National Centre provide a rich source of insight into high quality co-operation through 46 case studies and 10 extended essays.

 

The National Centre’s Collaboration Progress Monitor shows that collaboration between universities, businesses and government in the UK is healthy and growing:

 

·         Industry income for knowledge exchange in universities increased 6% to £896 million in 2014, growing faster than public and third sector income.

·         Only £300 million of this came from R&D budgets, showing academic knowledge is valued across businesses, eg in operations, marketing, procurement, and HR.

·         Foreign investment in universities and income from licensing grew faster than other sources, demonstrating the increasing value of UK collaboration.

·         Universities recorded over 80,000 interactions with small and medium sized companies.

 

The Report also reveals that:

 

·         Digital, personal, and organisational networks increase activity and widen access to the benefits of collaboration.

·         Collaborative talent development improves graduate employability, and smooths the labour market frictions that hinder innovation and business development.

·         Devolution is a fertile ground for new placed-based collaborations.

·         Collaboration in smart digital health is widespread across the UK and is at the cutting edge of competition in the knowledge economy.

 

ENDS

 

 


 

 

About the National Centre for Universities and Business

The National Centre for Universities and Business is an independent and not-for-profit organisation that promotes, develops and supports university-business collaboration across the UK. The National Centre is the only organisation bringing together universities and business to influence government and solve the country's challenges.

Copies of the report are available here:

http://www.ncub.co.uk/what-we-do/state-of-the-relationship-2016.html

For further information:

Shivaun Meehan
Senior Manager, Communications and Engagement
National Centre for Universities and Business 
T: +44 (0)20 7383 8193 M: +44 (0)7989567826 E:
shivaun.meehan@ncub.co.uk

James Lenney
Digital Communications Officer
National Centre for Universities and Business 
T: +44 (0)20 7383 8185 E: 
James.lenney@ncub.co.uk 

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