The Engineering and Physical Sciences Research Council is to seek Government support for its Faraday initiative which aims to encourage collaborative research and build links between small businesses, industry and academia.
The EPSRC went ahead with plans to set up four Faraday centres last December, without expected DTI support. Originally four centres, known as Faraday partners, were to share £6m funding over three years, half each from the DTI and the research council. These organisations would carry out research with the university on behalf of small businesses.
When the DTI backed out, the EPSRC found an extra £1m, so the four centres will now share £4m. More than 70 organisations have put in bids to become Faraday partners, the EPSRC said.