The Big Innovation Centre today (1 August) ‘spins out’ of Lancaster University’s Work Foundation. The newly independent organisation will continue to provide an important voice on the world of innovation from its new offices in Westminster.
The body was originally launched in 2011 by Will Hutton – currently chair of the Big Innovation Centre - as an initiative of The Work Foundation and Lancaster University to ensure that Britain became a leader in innovation.
The spin out comes just as the Centre ends its third year and enters its second phase of development. It will now seek to further cement its place at the forefront of research on innovation under the leadership of its CEO, Professor Birgitte Andersen. It will continue to develop its innovative global innovation hub: one that brings together industry and business, research centres, universities and government to co-create a form of collective entrepreneurship.
Commenting on the move, Professor Geraint Johnes, director at The Work Foundation, said: “The Big Innovation Centre has been at the forefront of innovation since its inception. Lancaster University and The Work Foundation are proud to have created and incubated the Centre. We wish it well for the future and look forward to further opportunities to collaborate.”
The coming year will see The Big Innovation Centre focus on projects around big data, intellectual property, knowledge exchange between universities and businesses, and developing finance models around intangible assets for innovative SMEs.
Notes to Editors:
1. The Work Foundation transforms people’s experience of work and the labour market through high quality applied research that empowers individuals and influences public policies and organisational practices. The Work Foundation is part of Lancaster University – an alliance that enables both organisations to further enhance their impact.
2. The Big Innovation Centre provides an important voice in the world of innovation, engaging in high quality research, providing informed opinion, influencing policy makers and actively stimulating innovative activity in major businesses.