Oxford University joins a consortium led by the digital quantum computing company, SEEQC, to build and deliver a full-stack quantum computer for pharmaceutical drug development for Merck KGaA. The consortium has today been awarded a £6.85M grant by Innovate UK’s Industrial Strategy Challenge Fund (ISCF) to build a commercially...
Tokamak Energy has announced the breakthrough design of cryogenic, or very low temperature, power electronics technology for the high-efficiency operation of its superconducting magnets. This will result in reduced costs of future fusion power plants – which is key to commercialising and scaling the technology....
Research commissioned by the Department for Digital, Culture, Media and Sport’s UK Global Screen Fund has shown that UK film and TV play a vital role in influencing positive international opinion of the country and attracting global viewers to visit our world-famous locations and landmarks. Nearly...
GlaxoSmithKline (GSK) plc and the University of Oxford have announced a major five-year collaboration to establish the Oxford-GSK Institute of Molecular and Computational Medicine. The new Institute, which will be based at the University of Oxford, aims to improve the success and speed of research...
In 2019, US-owned businesses supported 1.48 million jobs across the UK. Almost 1 in every 20 UK workers, or 4.7% of all workers, worked for a US-owned business in 2019. Around 60% of all employment in US-owned local business units is outside of London and...
A strong innovative culture and an economy rich in services and research-based firms will mean that Oxford will be home to the UK’s fastest employment growth by the end of 2022 - according to the latest business report by national law firm Irwin Mitchell. The...
Oxford University, through OUI, has created 31 new companies over the past fiscal year, setting a new record for company creation at the University. In addition, Oxford companies have raised over £1.1bn during this period, a 29% increase from 2020’s previous record. The figure puts Oxford...
Property enquiries from space organisations have increased by 150 percent as the commercial space sector drives real estate take up at the UK’s leading science and innovation campus, Harwell. Astroscale, GMV NSL, MDA and Deimos are just a selection of the space organisations that have taken...
The United Kingdom and the United States of America have signed a new joint statement of intent to boost collaboration on quantum science and technologies – helping to realise the full potential of the technology and deepen ties between the 2 countries. Signed by the Science Minister George...
The UK, hosted by HM The Queen and Prime Minister, Boris Johnson held a one-day Global Investment Summit (GIS) to secure foreign investment in UK green industries of the future. Hosted by the Prime Minister and supported by members of the Royal Family, the summit hopes...