Qi3 worked to deliver success to several major universities and research establishments in a recent bidding round for seed capital and technology transfer infrastructure funds in the UK science sector.
We assisted in the strategic planning and in several cases managed the bids for three major consortia to win over £8m in seed capital funds and £5m in infrastructure funds. All the projects will go to assist the formation of new high tech start up and spin out companies from the associated science facilities.
The “Rainbow Seed Fund” is a £4m fund being established by a core group of three partners, CLRC (Central Laboratory of the Research Councils), Dstl (Defence Science & Technology Laboratory) and NERC (Natural Environment Research Council). We are now working to help establish the fund, more details can be found at http://www.rainbowseedfund.com/
The “Cascade” Fund is a £4m seed fund led by Surrey University with partners, Sussex, Royal Holloway, Brunel and Reading universities. http://www.surrey.ac.uk/News/Releases/01-1008funds.html
The infrastructure bid of £5m will form a network of pre-incubation hatcheries in a consortia led by Southampton University and involving Bath, Bristol and Surrey universities, (the Southern England Technology Triangle, SET2 , consortium). http://www.soton.ac.uk/~pubaffairs/01137.htm
The UK Government announced the results of the competitions to encourage “knowledge and technology transfer” from universities and the public sector research laboratories on the 1st October 2001 (DTI press release P/2001/523), UK Department of Trade and Industry. http://www.dti.gov.uk/
Further details of the background to the initiative can be found at http://www.dti.gov.uk/ost/ostbusiness/knowledge.htm