Business Secretary Vince Cable has announced that the University of York will receive £630,000 as part of a £60 million investment in scientific research by the Government.
The money aims to help scientists and engineers create businesses from their research and improve entrepreneurship.
The University of York is one of 31 beneficiaries receiving money from the investment during Global Entrepreneurship Week.
The Impact Acceleration Accounts (IAA) funding comes from the Engineering and Physical Sciences Research Council (EPSRC) and will support the University’s projects in EPSRC-funded departments.
The University will use the money to broaden the engagement between scientists and businesses, to help improve the transition from research ideas through to commercial success and to support partnerships with companies who invest in these breakthroughs.