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School:Lancaster University

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<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: 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 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;">In Lancaster, there are several business office spaces available to rent, for example at the White Cross Business Park. However, the majority does not collaborate with the university which would be very beneficial for students who want to start their own businesses.

<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 Storey is a center for creative industries that offers engaging events like business conferences, seminars and networking events.The building aims to be a place that inspires forward thinking. At the moment, their learning spaces are specific for graduates and PhD students.

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.

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