Professor Sir Tm Wilson DL, founding Chair of the Hertfordshire Local Enterprise Partnership and former Vice-Chancellor of the University of Hertfordshire, has completed his report into how universities and businesses can collaborate to promote growth in the UK.
Sir Tim was asked by the Government to undertake a review into how universities work with business to ensure graduate skills and employability meet the needs of business, and to maximise the university sector's capabilities in business-led research and innovation.
Sir Tim said:
"It is clear from my review that the UK has the potential to be a world leader in university-business collaboration, building on the diversity of collaborative networks, partnerships and supply chains that already exist. The key to success is on-going cultural change, strengthening and extending the relationships between business and universities. To achieve this; belief, commitment and leadership amongst universities, business and government is essential.
"If this potential is fulfilled, universities will be at the heart of our knowledge-based economy, collaborating with business and government to generate the wealth necessary for a healthy and prosperous society.
"I hope that my recommendations will act as a foundation for such future success."
The report's recommendations aim to:
· Produce graduates with knowledge and skills - specialist and generic - relevant to their future careers, and provide opportunities for students to integrate work and enterprise experience and study.
· Ensure there is a constant interchange of research, ideas and people between academe and business to sustain world class research within our universities.
· Embed a culture of pursuing the application of university based research excellence, optimising the use of government support in research, innovation and development.
· Create economic growth through partnership with Local Enterprise Partnerships and government agencies, leveraging each university's capabilities to support UK companies and to attract inward investment.
· Build collaboration between universities, businesses and government agencies to identify areas of future knowledge and capability creation and identify where partners' research investment should be made.
The Government will formally respond to the review recommendations in due course.
You can read Sir Tim's report by clicking here.