Earlier this year, Pym’s Consultancy had the great privilege of working with the universities of Manchester, Sheffield and Leeds in support of their application for Round 1 funding from the Higher Innovation Funding: Connecting Capabilities Fund. We are very pleased to announce that this application was successful and the collaboration of these three prestigious northern universities has been awarded £5 million to develop the “Northern Triangle Initiative” (NTI).
The NTI will support the growth of a significantly enhanced, shared intellectual property pipeline, set up a unique regionally-focussed finance vehicle, seek to raise £350 million in private finance to support university commercialisation, and strengthen the entrepreneurial eco-system of the North of England.
Reflecting the government’s Industrial Strategy outlined in the January 2017 Green Paper, NTI represents a great opportunity to attract investment, innovation and new businesses to the North of England, and enhancing the UK economy as a whole.
We are very proud to have played a small part in this project and wish all partners, and participants, current and future, every success with this and the new ventures it will generate.