Commercialisation

 

Science, technology and innovation are vital to economic and social progress. In an increasingly globalised world, it is recognised that high levels of investment in research and innovation are essential, both for economic competitiveness, and to yield innovations in areas such as healthcare and environmental technologies which make tangible improvements to the quality of life.

 

Commercialisation is the innovative use of intellectual property and know-how to provide products and services from science, knowledge transfer plays a key role in delivering these. In parallel with the governments' investment in science, there needs to be an effective knowledge exchange between research and the market to ensure that good research becomes good business. Within a modern, knowledge driven economy, knowledge transfer is about transferring good ideas, research results and skills between universities, other research organisations, business and the wider community to enable innovative new products and services to be developed

 

PML Applications runs a Knowledge Exchange Office focussing mainly on marine research from Plymouth Marine Laboratory (PML) where there is significant potential for to generate benefits for society.