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New award wins shine light on the importance of industry-university partnerships
WMG at the University of Warwick has secured funding, alongside other departments at the University, for eight new Innovate UK funded Accelerated Knowledge Transfer (AKT) projects, designed to rapidly inject innovation capacity within UK industry.
With over 500 applications and just a third of projects awarded a slice of the £5 million, WMG was successful because of its strong industry ties and robust business relationships.
Like regular Knowledge Transfer Partnerships, which have been funded by successive governments for almost 50 years, AKT projects provide organisations with a specialist academic team including a postgraduate student. The WMG team will:
- Identify innovation blockers
- Evaluate an innovation concept
- Find solutions to immediate as well as longer term challenges
- Accelerate new thinking and processes
- Develop new business models and expand capacity
One WMG industry partner set to benefit is Jaltek Systems Ltd. The team at Jaltek will be using the funding to continue with the integration of robotics technology into processes.
Andy Dowling, Head of WMG’s SME Business Development team said: "These awards are testament to the University's continued drive and success in establishing collaborative relationships with industry through the Knowledge Transfer Partnership scheme. As only 35% of the AKT applications were awarded Innovate UK funding, we are proud of our achievements and are looking forward to working on this set of exciting projects."
Steve Blythe of Jaltek Systems Ltd said: “We are continually looking to improve productivity through training, improved processes, and automation. We saw good practice using cobots (collaborative robots) in other businesses and reached out to WMG to support our plans. The funding for the AKT will help us further our activity in this area.”
The 16-week long projects will start from April 2024 and WMG will be recruiting talented graduates to join the team. For more information contact: wmgsme@warwick.ac.uk.
To find out more about WMG’s SME Programmes visit: https://warwick.ac.uk/fac/sci/wmg/for-industry/sme-support/