07/02/2013

NI Universities Earn £100m Through Business Links

Northern Ireland’s universities earned over £100m through links with local business and the community in 2010/11.

That was the message from Employment and Learning Minister Dr Stephen Farry following the publishing of the Higher Education Business and Community Interaction Survey (HE-BCI) Northern Ireland.

Minister Farry said: "Higher education is a key driver for the Northern Ireland economy. Even during this difficult economic period it is a sector that has continued to grow and, through its work with local businesses, contribute significantly to the local economy.

"This report provides evidence of the growing relationship between our universities and the business sector. There is an increasing awareness among commercial businesses, the public sector and community organisations of the economic advantages that can be brought by closer engagement with our universities. The analysis also reveals that Higher Education Institutions have outperformed their UK peers in the fields of collaborative research, income from intellectual property and the number of sustainable spin-off companies."

Two local companies which have benefited from collaborating with Northern Ireland universities are Williams Industrial Services Ltd and Moon Products Ltd.

Williams undertook a Knowledge Transfer Partnership (KTP) project with Queen’s University’s environmental sciences research centre to extend its research and development activity.

Moon Products Ltd, a bespoke jewellery company based in Cookstown, collaborated with the University of Ulster’s School of Art and Design to develop designs and develop drawings into prototypes.

(IT)

Related Northern Ireland News Stories
Click here for the latest headlines.

08 November 2011
Key Trends In NI Economy Revealed
The state of the NI economy has been in focus this week with the Stormont Enterprise Minister Arlene Foster launching the latest edition of her Department's 'DETI Economic Commentary', which assesses key economic trends in Northern Ireland.
19 January 2004
NI Secretary opens £1.8m Bangor business centre
The new £1.8 million Signal Business Growth Centre in Bangor will make a major contribution to future economic growth in North Down, Secretary of State Paul Murphy has said today. Mr Murphy said that the service and facilities on offer would help small businesses in the area grow faster.
12 June 2014
Universities Earn £92m From Business Interaction
Higher Education Institutions (HEIs) in Northern Ireland earned £92m through links with businesses and the community in 2012/13, marking a 6% increase on the previous year, according to the Department for Employment and Learning.
05 November 2001
Students celebrate successful business study in US
Around 130 local students, who have successfully completed a year of study in the United States, celebrated their success at the weekend at a graduation dinner at Belfast’s Hilton Hotel.
07 November 2002
Political crisis threatens confidence, investment and jobs
Three-quarters of Northern Ireland business leaders say the collapse of the Good Friday Agreement would destroy business confidence. The unexpected result was part of a BBC Northern Ireland Business Day Poll survey which also revealed that if current levels of violence escalate, half of local employers would postpone planned investment or cut jobs.