Changes

<span id="docs-internal-guid-51d65422-7fff-6f4a-3ed3-ae294c9e9f49"><span style="font-size: 10.5pt; font-family: Arial; color: rgb(29, 33, 38); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Encouraging faculty innovation and entrepreneurship:</span></span><br/><span id="docs-internal-guid-51d65422-7fff-6f4a-3ed3-ae294c9e9f49"><span style="font-size: 11pt; font-family: Arial; color: rgb(29, 33, 38); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">Lancaster University places a great deal of emphasis on the real-world impact of its research. As such, university administration encourage faculty members to develop their research further and encourages them to innovate in new areas. However, as of 2018, Lancaster’s main focus for its research impact is the publication of faculty members papers in renowned journals, rather than in creating entrepreneurial ventures of their own following their research. Lancaster currently lacks incentives and reward schemes for faculty members to take a leap with their ideas and create their own enterprises, but the few that are made work closely with the university to maintain they remain at the forefront of their fields, such as Quantum Base Ltd, who are located in the InfoLab21 space on campus.</span></span> <br/span><span idstyle="docsfont-internalsize: 11pt; font-guidfamily: Arial; color: rgb(29, 33, 38); font-variant-51d65422numeric: normal; font-variant-east-7fffasian: normal; vertical-6f4aalign: baseline; white-3ed3space: pre-ae294c9e9f49wrap;"></span></span> <span><span style="font-size: 10.5pt11pt; font-family: Arial; color: rgb(29, 33, 38); font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; textvertical-align: baseline; white-decorationspace: pre-linewrap;"></span></span><span style="color: underlinergb(29, 33, 38); textfont-decorationfamily: Arial; font-skipsize: 10.5pt; font-inkweight: none700; verticaltext-decoration-alignline: baselineunderline; white-space: pre-wrap;">Actively supporting the university technology transfer function:</span></span>

<span id="docs-internal-guid-51d65422-7fff-6f4a-3ed3-ae294c9e9f49"><span style="font-size: 11pt; font-family: Arial; color: rgb(68, 68, 68); font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">In partnership with Santander Universities, the Lancaster University Enterprise Team offers funding and support for passionate and creative students who want to develop their ideas.</span></span><br/>   <span id="docs-internal-guid-51d65422-7fff-6f4a-3ed3-ae294c9e9f49"><span style="font-size: 11pt; font-family: Arial; color: rgb(0, 0, 0); background-color: transparent; font-weight: 700; font-variant-numeric: normal; font-variant-east-asian: normal; text-decoration-line: underline; text-decoration-skip-ink: none; vertical-align: baseline; white-space: pre-wrap;">Engaging with regional and local economic development efforts</span></span><br/><span id="docs-internal-guid-51d65422-7fff-6f4a-3ed3-ae294c9e9f49"><span style="font-size: 11pt; font-family: Arial; color: rgb(0, 0, 0); background-color: transparent; font-variant-numeric: normal; font-variant-east-asian: normal; vertical-align: baseline; white-space: pre-wrap;">The Health Innovation Campus (HIC) at Lancaster University is currently in the making and the first phase is due to open in 2019. It will be a place to research and develop innovative solutions while working closely together with the government and policy-makers. The HIC will contribute to the local and national community by supporting job creation and the growth of local businesses, as well as aiming to introduce changes in the health and care systems and the community.</span></span>