£13.5M innovation project launched
A £13.5m project has been launched with the aim of bringing together academics, clinicians and industry to pioneer research into new health technologies.
Led by Swansea University through the ARCH partnership, AgorIP is working with the NHS and industry across Wales to turn innovative research into new products and services.
The project received backing from the Welsh Government and the European Regional Development Fund last year.
AgorIP was piloted through the Welsh Government’s Academia for Business project, which was supported by the EU funding programme 2007-13. The new project will build on the first phase which secured £4m of private sector funding to create six spin-outs within a year.
Gerry Ronan from Swansea University, who is leading the project, said: “This is another positive example of how Swansea University’s collaboration with the NHS can help drive forward new concepts and research to grow our knowledge economy, putting Wales on a global platform.
“As part of the AgorIP project, commercial sector experts will help progress new ideas through experimental and industrial development, demonstrating proof of concept to potential funders and attracting further research investment.”