Secretary of State Vince Cable today visited Space Syntax’s London studio to meet staff and hear about the company’s work in the UK and overseas. Tim Stonor led a tour of the studio and presented the company’s current work in China, Saudi Arabia, the United States as well as in London and Birmingham.
Dr Cable then announced £60 million of new “Impact Acceleration Account” funding from the Engineering and Physical Sciences Research Council (EPSRC). Awarded to 31 universities across the UK, the aim of Impact Acceleration Accounts is to support the early stage of turning research outputs into commercial propositions.
The Business Secretary said: “The UK’s scientists are some of the most innovative and creative people in the world, but they need support to take their best ideas through to market. This could be by establishing a successful, technology-driven SME like Space Syntax which I visited today.
“This investment I’m announcing today will help our leading universities become centres of innovation and entrepreneurship, generating commercial success to fuel growth.”
Video of Vince Cable speaking about Space Syntax and the EPSRC funding