Frontier IP Group (LON: FIPP), a specialist in commercialising intellectual property, today announced that it has been selected as a partner in a major project to maximise the value of academic research to Europe’s marine and coastal economies – the European Blue Economy.
The project, called Emporia4KT, aims to build bridges between academia, business and government to develop ways to transfer academic knowledge and innovation to boost activities such as fishing, shipbuilding, tourism and ocean energy.
It brings together 14 partners from Portugal, Ireland, France, Spain and the United Kingdom, and is being coordinated by one of Frontier IP’s partner universities in Portugal, NOVA University Lisbon, NOVA School of Science and Technology. Frontier IP’s critical role will be to develop tools to help partners assess risks, judge cost effectiveness, and understand the most appropriate routes for commercialising their IP.
Emporia4KT is backed by approximately €2.2 million funding from the European Union’s INTERREG Atlantic Area European Regional Development Fund. Frontier IP will receive fees for its involvement in the project.
Frontier IP Group chief executive officer Neil Crabb said:
“We are delighted to be involved in this high-profile project, which gives us the opportunity to support institutions from across Europe as they seek to help the European Blue Economy benefit from the work they do.”
FCT NOVA Prof. António Grilo and Emporia4KT coordinator said:
“Our motivation is to create social-economic impact from academic research activities within the blue economy sectors, while also transforming the relationship between the triple helix actors for innovation – academia, business and government.”