www.swansea.ac.uk

Institute of Life Science Phase 2

Project Overview

School Staff Assembly

10th June 2009

Vision

To create a sustainable venture that advances medical

science through research and innovation for the benefit of…

the knowledge economy in Wales by linking scientific and

medical advancement to wealth creation and…

human health through improved prevention and treatment of

disease

Project Context

A Partnership between the School of Medicine, ABMU NHS Trust,

WAG Department of Health and the European Union (WEFO)

- Lisbon Agenda (Growth and Jobs)

- Convergence Operational Programme

- R&D / Innovation Framework

- Wales Science Policy

- Wales Spatial Plan

- Other WAG/UK/Local Strategies

Project Purpose

Co-funded by the European Regional Development Fund, the

purpose of ILS Phase 2 is to support the development of the regional

life science cluster through;

- Assisting enterprises in the Convergence region to

innovate and grow

- Strengthening the regional R&D infrastructure

- Establishing research collaborations between

academia and local industry

- Attraction of inward investment

Vision: Regional Life Science Cluster

Project Components

Translational Medicine; taking innovations from bench to bedside

• Clinical Research Facility (bedded unit)

• Imaging Centre

• Health Informatics Research

• Business Development Facilities

• Technology Transfer Team

• CNH Tenant Project

• + ILS(1)

Project Funding and Costs

WEFO: £12.85m (cash)WAG: £8.5m (cash)ABMU NHS Trust: £1m (in-kind) – landSwansea University: £2.2m (in-kind) – Staff Time (sheets)

£2.8m (in-kind) – OverheadsProject Income £1.5m (cash)

Building £16mEquipment £3mTech Transfer £1.2mCRF £2.3m

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Project Outputs/Outcomes

• 300 Enterprises/Individuals Assisted

• 30 Collaborative Projects

• 400 Jobs Created

• 10 Enterprises Created

• £20m Profit Benefit

• £20m Investment Induced

• 15 New products/processes/services registered

• 175 New products/processes/services launched

www.swansea.ac.uk

Institute of Life Science Phase 2

Project Overview

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