It launches as Essex reveals it has now supported over 100 Knowledge Transfer Partnerships (KTPs), worth around £20m, with businesses across the country since 2001 – with over half being delivered in the last five years.
Rob Walker, Head of Business Engagement at the University of Essex, said: “As we say in our new campaign, a business is never really finished. It can always be better. Smarter. Faster. At Essex we’re here to partner with companies of all sizes across the country to share our university expertise to help businesses thrive.
“The opportunities we offer for business collaboration are always closely connected to the Government’s national industrial strategy and this has been rapidly developing in recent months. UK Research and Innovation and Innovate UK recently set out their Plan for Action for Business Innovation and 10 Year National AI Strategy – offering research hungry firms and collaborative universities some clarity over their priorities and vision. This is good news, with significant funding expected to flow towards technology, diversity, health and more crucially added business-value across 2022. Our teams will continue to watch this space and help businesses find the right path for them.”
From Innovate UK funded Knowledge Transfer Partnerships (KTPs) and Smart Grants to Innovation Vouchers, Corporate Partnership Funds, consultancy and collaborative research, the University is committed to helping find the right solution for businesses to flourish.
Essex has an incredibly successful track record for delivering innovative and disruptive projects with industry, and is announcing three new KTPs worth over £850,000 with national health specialist Newcross Healthcare Solutions, alongside Essex-based global logistics company Simarco and Brightstar Financial. The KTPs are supported by funding from Innovate UK, the UK research and innovation agency – part of UK Research and Innovation.
The University’s dedicated Research Enterprise Office helps businesses find the best pathway for innovation, with Essex’s teams of researchers perfectly placed to support organisations through the development and commercialisation of new products, processes and services.
Dr Robert Singh, Director of Research Enterprise Office at Essex said: “Our experts have years of experience in working with businesses and organisations of all sizes, regionally, nationally and internationally. Companies have the opportunity to draw on knowledge from our 700 academic experts and gain access to specialist consultants to support their business needs.
“Our researchers can find solutions to meet any business challenges brought to us, and our fields of expertise continue to grow. In February we are launching our new Institute for Public Health and Wellbeing, which will see our researchers pushing boundaries, reaching across disciplines and providing authoritative research, policy recommendations and insights to improve lives.”
Professor Tracy Lawson from Essex’s School of Life Sciences said: “As an academic, business collaborations give us the opportunity to see how our ideas can make a real difference to real-world problems.
“It’s an amazing experience working directly with industry as we’re able to demonstrate how our research can be truly transformative when applied to business challenges. It showcases the value of fresh thinking for a company as they look to grow.”
Essex students also feel the benefit from the University’s ongoing business collaborations through work placements and employment opportunities. Essex KTPs have led to 26 KTP Associates – talented graduates or postgraduates who project manage the KTPs – being permanently employed by their partner organisation. And with nearly 50% of those being graduates from Essex, these business-led collaborations are proving to be a successful stepping-stone from academia into full-time employment.
Watch the full campaign video to see how Essex can light the way for businesses looking to innovate.
Case study: How working with Essex transformed Above Surveying