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📢 文末扫码进裙，免费领取双语精读版 How to get UK university spinouts out of the ‘valley of death’ Proof-of-concept funding is alarmingly scarce but can drive up the success rate of innovative ideas The Financial Times UK universities 1 Oct, 2024 | 688 words | ★★★★☆ Ahead of the Budget, the chancellor is grappling with how to address a significant fiscal black hole while driving up Britain’s economic growth. One answer can be found in Labour’s election manifesto, which commits to supporting universities to create spinouts — companies formed from academic research. UK universities produce groundbreaking research with the potential to transform industries and society. Since 2014, 1,300 spinouts from 91 UK universities have generated more than £20bn in investments and created nearly 29,000 jobs. Yet, many of these ideas fail to make it to market, trapped in the so-called valley of death. This funding gap occurs between the point where researchers
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