Product Details Supplier Info More products

Businesses that have used the brainpower of the region’s universities have generated and secured GBP100 million in sales for the local economy and created and saved more than 2,680 new jobs.

The West Midlands Technology Network (WMTN) is a project that has stimulated collaboration between universities and businesses in the region, helping small and medium-sized companies devise and develop new products and services as well as improving existing business processes.

Through WMTN, businesses have been able to access new knowledge, expertise and specialist resources of local universities in areas such as: computer-aided design, concept development, design analysis and evaluation, rapid prototyping and manufacturing, environmental management, business improvement techniques and marketing.

The role of universities in the development of business is gaining recognition in local and central government.

The work of the WMTN has been part-funded by the European Regional Development Fund to help minimise both the costs and risks to businesses associated with essential research and development activities.

It has also opened up opportunities for small businesses to access university resources that would only have previously been available to larger companies with substantial research and development budgets.

As this funding runs out at the end of 2008 the WMTN is currently working to secure further funding to continue this collaborative venture and ensure further growth in the local economy.

The WMTN partners include the University of Wolverhampton, Birmingham City University, Coventry University, Staffordshire University, Walsall College and Coventry City Council.

The West Midlands Technology Network

View full profile