{"id":35388,"date":"2023-07-26T14:50:39","date_gmt":"2023-07-26T13:50:39","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=35388"},"modified":"2023-07-27T08:29:03","modified_gmt":"2023-07-27T07:29:03","slug":"new-game-changing-uk-fund-will-boost-science-and-tech-research","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/new-game-changing-uk-fund-will-boost-science-and-tech-research\/35388\/","title":{"rendered":"New game-changing UK fund will boost science and tech research"},"content":{"rendered":"
The launch of the Research Ventures Catalyst<\/a> will drive more philanthropic and private funding into UK science and tech research.<\/p>\n The Catalyst programme will open up bids of up to \u00a3100,000 in \u2018seedcorn\u2019 funding to allow researchers to develop full plans for their proposed ventures. Eventually, it will deliver up to \u00a350m of investment, backed by government, with additional private and philanthropic co-investment.<\/p>\n The fund will also build on the UK\u2019s position as a strong international financial centre for science and innovation<\/a> and tackle some of the world\u2019s most pressing challenges.<\/p>\n Science and technology will be the major driver of prosperity, power, and history-making events this century. The UK\u2019s future success as a rich, strong, influential country whose citizens enjoy prosperity and security and fulfilled healthy and sustainable lives will correspondingly depend on our ability to build on our existing strengths<\/a> in science, technology, finance, and innovation.<\/p>\n UK Secretary of State for Science, Innovation and Technology, Michelle Donelan, explained: \u201cFrom Edward Jenner\u2019s invention of the very first vaccine to the scientists in Manchester who isolated graphene, so many British breakthroughs which have changed the world would not have been possible without people who dared to do things differently and take calculated risks.<\/p>\n \u201cIn today\u2019s world, science and tech research is just as important as ever. Research and innovation hold the keys to a vast range of benefits and opportunities, from radically improving healthcare to creating whole new industries in fields from quantum to engineering biology.\u201d<\/p>\n She added: \u201cThis work is impossible without funding. Therefore, we\u2019re inviting private and philanthropic partners to work with us through the Research Ventures Catalyst to put real financial firepower behind the world-leading science happening in the UK.\u201d<\/p>\nThe importance of science and tech research in our developing economy<\/h3>\n