The West Midlands Combined Universities have secured significant funding from UKRI Research England to launch an initiative that could redefine how universities translate research into thriving businesses.
Known as DigiSpin WM, it will focus specifically on the advanced manufacturing and digital innovation sectors within the West Midlands Investment Zone.
Another initiative of the WMCU collaboration it will see the universities work together to drive economic growth and innovation across the region.
This six-month pilot programme, launched in November, will look to create a dynamic ecosystem where innovation flourishes and spin-out companies thrive.
DigiSpin WM is poised to become a national blueprint, empowering universities across the UK to accelerate the commercialisation of their research and drive economic growth.
Professor John Latham CBE, Vice-Chancellor and CEO of Coventry University Group, said: “DigiSpin WM has the potential to leave a lasting legacy on the advanced manufacturing sector, not only by helping universities spin out their technologies but also by ensuring these innovations contribute to the long-term prosperity of the West Midlands.”
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