Two new grant awards, totalling more than £2.2m, have been awarded to the University of Warwick by UK Research and Innovation.
They are part of the £118m Impact Acceleration Account, a package of funding being invested by UKRI to aid the early-stage translation of UK research to transform public services and create new businesses and employment.
The investment aims to accelerate early-stage commercialisation of new technologies and advance changes to public policy and services such as the NHS.
The two new awards to the University of Warwick announced by UKRI comprise a £1.8 million EPSRC Impact Acceleration Account and a £414K MRC IAA Confidence in Concept Award, both of which aim to drive the development of Warwick’s research impact over the next three years.
Researchers at Warwick will be able to apply for grants of up to £50,000 for projects which create societal and economic impact from their findings. The awards are part of a suite of impact funds available to researchers at the University, working in the areas of Engineering and Physical Sciences, Medical Sciences, Space Science, Biosciences, Arts and Humanities and Social Sciences.
Professor Caroline Meyer, Pro-Vice-Chancellor for Research at the University of Warwick, said: ““Our research strategy commits us to Excellence with Impact and we are passionate about applying the very best research to make real-world differences.
“These prestigious awards are a critical accelerator of the translation of our research from development and discovery to impact – enabling us to change the world, making lives healthier, safer, more resilient, more just and more fulfilled.”
UKRI is a governmental body responsible for delivering £8bn of research and innovation funding per year. The programme, now in its tenth year, has supported a number of companies who are now globally established.
UKRI Chief Executive Professor Dame Ottoline Leyser said: “Research and innovation has the potential to improve people’s lives and livelihoods, rejuvenating communities across the UK and tackling global challenges. It is imperative that we harness that potential.
“The path between discovery and impact is not simple and so it is vital that we provide flexible support that allows talented people and teams, and world-class institutions to connect discovery to prosperity and public good.
“Our impact acceleration funding has a fantastic track-record in providing support that helps brilliant ideas become realities that make a real difference.”