The funding has been awarded as part of the EPSRC’s Knowledge Transfer Accounts (KTA) programme, designed to increase collaboration between academia and business. So far, the EPSRC’s KTA programmes have awarded a total of £44m to higher-education institutions throughout the UK.
As one of 12 universities chosen to receive the grant, Bath hopes the money will help it launch spin-off companies and provide research that will help shape future government policy.
Prof Jane Millar, pro vice-chancellor for research at the university, said: ‘This award will radically enhance Bath University’s ability to deliver on its mission to advance knowledge through high-quality research and teaching in partnership with business, the professions, the public services, the voluntary sector and other research-and-learning providers.’Dr Jon Hunt, head of research development and collaborations at the university, and author and project manager for this award, added: ‘This award builds on the university’s reputation of working with businesses to develop ideas into opportunities that benefit the economy and wider society. The scheme will be used to reduce the barriers preventing greater knowledge exchange between businesses and the university.’