· Funding boost will help University of Warwick researchers to create societal and economic impact from their findings
· Part of £118 million national funding from UK Research and Innovation for critical early-stage translation of UK research to transform public services and create new businesses and jobs
· The programme is in its 10th year and previous beneficiaries are now established global businesses.
Two new grant awards totalling over £2.2 million will support University of Warwick researchers in creating real-world impact from their work, as part of new national funding announced today.
The best, brightest and most disruptive ideas emerging from UK research organisations will benefit from £118 million funding from UK Research and Innovation (UKRI) to jumpstart knowledge exchange, translation and commercialisation.
The Impact Acceleration Account (IAA) supports critical early-stage translation of UK research to real impacts, transforming public services, creating new jobs, attracting private investment and forging new partnerships with business and charities.
Funding allows UK teams to unlock the value of their work, including early-stage commercialisation of new technologies and advancing changes to public policy and services such as NHS clinical practice.
The two new awards to the University of Warwick announced by UKRI today comprise a £1.8 million EPSRC Impact Acceleration Account and a £414K MRC IAA Confidence in Concept Award, both of which will 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."
