The Government’s intention to get university researchers and lecturers to make money from their ideas was further endorsed by science minister Lord Sainsbury last week.
At a Royal Institution conference in London, Sainsbury said the Government’s aim was to make it as easy and as attractive as possible for university scientists and engineers to set up their own businesses, or to work in, or with, companies.
`I am sure most scientists will continue to focus their efforts on research and teaching,’ said Sainsbury. `But making money from ideas is not only a way of having an exciting and challenging life, but also a way of creating jobs and performing a vitally important national economic task.’
`Some people will say that it is impossible to teach entrepreneurialism, and in one sense that is true,’ added Sainsbury. `At the same time, anyone who wants to set up a high-tech business would be well advised before they started to learn how to write a corporate plan, the basics of corporate finance, how to read a balance sheet and something about intellectual property rights.’