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News Release from: Forestry Commission | Subject: Forest Research
Edited by the Buildingtalk Editorial
Team on 25 January 2006
Innovation funding for Forest Research
Forest Research, the Forestry Commission's research and development agency, has won a half-million-pound boost from the Government.
Forest Research, the Forestry Commission's research and development agency, has won a half-million-pound boost from the Government to help it bring the products of its research to the commercial marketplace The £495,000 grant was one of 29 grants totalling £25 million from the Public Sector Research Exploitation Fund announced by the Secretary of State for Trade and Industry, Alan Johnson, today (Tuesday January 24)
This article was originally published on Buildingtalk on 29 Oct 2003 at 8.00am (UK)
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The fund helps research organisations in the public sector to make the results of their research available to consumers and users in the form of new or improved products, services and technologies.
Announcing the grants, Mr Johnson said, "Public-sector research establishments carrying out cutting-edge research need finance to bring their products and services to wider markets.
Without Government funding these ideas might never become a reality.
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"It is essential for the benefit of the UK economy and our world-leading standing in science and innovation that we support the widest commercial development of scientific knowledge and services.
"The products and services developed with the support of this fund will help both increase the UK's productivity and improve quality of life.
This funding will help to increase the number of research ideas that can be taken to market." Welcoming the grant, Forestry Commission Chairman Lord David Clark said, "Innovation is critical for the future success of UK's woodlands and forest industries, and it is also critical for the continued growth of the UK's environmental industries, so I'm delighted that the Forestry Commission's research agency has been awarded this substantial help to bring the products of its world-class research and development work to the marketplace." Professor Jim Lynch, the Chief Executive Officer of Forest Research, added, "Harnessing Forest Research's expertise in environmental monitoring and land management technologies will enable novel solutions to challenges, such as cleaning up contaminated land, to be brought into widespread use.
"Part of the funding will be used to build our expertise in managing our intellectual property.
It will also enable us to intensify and extend our existing links with industry.
"We already enjoy good networks with many industrial groups and practitioners in forestry and the environmental industries.
However, by focusing new efforts on innovation partnerships, we believe we will be able to significantly increase the impact of our work.
"I am especially pleased with the level of support that our bid received from the forestry and environmental industries.
This is an encouraging sign for the future, because it can be difficult for researchers to judge the market for the new products or services they develop, and we need to draw on industry's market expertise to gauge this correctly.
Having strong industrial partnerships will help us gain the confidence needed to develop successful new products." Forest Research's grant will sit alongside £225,000 committed by the Forestry Commission, bringing total funding for this area to £720,000.
Further information about Forest Research is available by visiting www.forestresearch.gov.uk .
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