The University of Surrey's 5GIC
The university will use the funding to help small and medium sized businesses in the South of England innovate and grow.
The ‘SETsquared across Sectors in the South of England Partnership’, which includes Surrey and the Universities of Bath, Bristol, Exeter and Southampton, has secured £5m to help SMEs grow.
The funding will see the universities work on new projects alongside small businesses to commercialise, research and help deliver the Government’s Industrial Strategy.
The aim is to help participating businesses scale up by offering a one-stop-shop for expert opinion, provide access to stimulus funding and more.
Caroline Fleming, head of incubation at the University of Surrey, said: “We have a growing network of small and medium sized businesses thanks to our work with SETSquared, our 5G SME membership, and through the engagement activities of VHive and the Surrey Business School.
“This new project is an opportunity to build on these relationships and work closer with businesses who have significant potential for transforming research excellence into positive economic impact within our area and beyond.”