The Royal Academy of Engineering announces plans to back eight UK university innovations with business potential.
The UK’s Royal Academy of Engineering (RAE) has revealed that it will support eight researchers from UK universities with inventions that show business potential.
Each researcher will be awarded up to £85,000 ($140,000) to develop a spin-out business, as well as receiving mentoring from the RAE’s Enterprise Fellowship scheme. Mentors include Sir Robin Saxby, the former chief executive of Cambridge spin-out ARM, and Neville Jackson, chief technology and innovation officer at engineering firm Ricardo.
The announcement marks the third and…
