Exploiting the Region's Knowledge Assets

The key objective of WestFocus is to promote commercialisation of the knowledge base of the Consortium. 

The aim of WestFocus Business Creation (WFBC) is to create a continuous pipeline of investable business propositions capable of delivering equity injections of <£0.5m from investors such as Close Venture Management, the business angel community and so on.

With a total of around 125,000 students, 3,500 academics, 50 enterprise staff, and 54 research units that were rated 4, 5 or 5* in the 2001 RAE, the Consortium represents a rich source of technology and ideas with commercial potential. 


To kick start the commercialisation process, WFBC initiated a systematic “Project Mining” exercise in the most research-intensive faculties of WestFocus institutions between October 2004 and February 2005, unearthing hundreds of potentially exploitable and exciting technologies along the way.  Project mining continues to identify opportunities with great promise.  The focus is on near-to-market opportunities and joint ventures with local businesses.

Overall, WestFocus Business Creation aims to:

  • Provide access to seed funding at various stages of business development.
  • Recruit suitably qualified commercial managers to develop the new businesses according to planned milestones.
  • Make available incubation facilities for spinouts.
  • Share expertise in technology transfer, licensing, spin out, and contract management.
  • Nurture the enterprises of the future, bringing benefits to the region and to the UK economy.
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