GlaxoSmithKline Chief Calls for £1 Billion University Fund to Back Innovation

Published: Oct 16, 2013

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The government should create a £1bn fund to help university researchers work with small businesses to turn promising ideas into money-spinning inventions, according to GlaxoSmithKline's chief executive, Sir Andrew Witty. In a report commissioned by the government and published on Tuesday, the pharmaceuticals boss, who is chancellor of Nottingham University, also calls on universities to set a specific target of promoting economic growth.

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