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26 March 2012
Minister for Business, Enterprise Technology and Science Edwina Hart attended the signing of a memorandum of understanding between the University and GE Healthcare to collaborate on science research and development projects.
GE Healthcare and the University are to co-operate on pursuing commercial opportunities, become partners in research proposals for funding by third parties and will also work together to share knowledge and expertise of their respective industries.
The partnership will provide opportunities for Cardiff’s staff and students to undertake placements at GE Healthcare to work on the development of new medical technologies, such as human identification, diagnostics and cell technology whilst GE will benefit from the multi disciplinary research expertise the University can offer.
Examples of potential initiatives include;
· Contract research projects
· Multi-disciplinary expert panels and forums
· Joint challenge statement projects
· Commercialization/license of intellectual property and technologies
· Two way staff exchange/secondment and internships
· Undergraduate professional training schemes
Business Minister Edwina Hart said: "I congratulate Cardiff University and GE Healthcare on this forward thinking initiative to bring industry and academia together to mutual benefit. Our Science for Wales strategy published last week calls for this approach and I’m extremely encouraged to see companies and universities come forward in their backing. Enabling Cardiff’s students to be involved in the creation of the next generation of medical technologies will bolster our development in Wales of a highly skilled research workforce."
Cardiff’s Director of Business and Strategic Partnerships, Professor Derek Jones, said: "Entering into this agreement with a company of GE Healthcare’s global standing is a great development in our working relationship. Their insight into the needs of the international healthcare industry will benefit our staff and students in helping to shape their scientific research and professional development. By deploying the University’s research and training capabilities in partnership with GE we can develop new commercial initiatives and help win investment and jobs for Wales."
GE Healthcare General Manager, Cell Technologies Dr Amr Abid said: "It’s fantastic to be working with such a respected institution as Cardiff University at a time when life sciences are playing such an integral role in the growth plan for Wales. Our research here is investigating ways to cut the cost of developing new drugs and to enable the new and rapidly developing field of regenerative medicine. We see this new working agreement as a way to formalise and build on our long-standing partnership with the university and work together towards a healthier future for Wales and the wider world."
The Science for Wales strategy sets a target for Wales to win five per cent of competitive research funding - principally from the UK Research Councils. The strategy sets out three Grand Challenge areas where we have the capabilities in research and in businesses that can use the research to develop products, processes and services to benefit our economy.
· Life sciences and health
· Low carbon, energy and environment
· Advanced engineering and materials.
The strategy also sets out other key areas for future development including boosting innovation in business and strengthening academic-business partnerships to promote this.
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