Memorandum by SIMFONEC
SIMFONEC (Science Ideas to Market, Focused on
Enterprise and Commercialisation) was formed in the second round
of government funding, in 2001. It incorporates four London institutions:
City University; Queen Mary, University of London; King's College
London and the Royal Veterinary College.
The aim of the Science Enterprise Centre is
to provide the environment, knowledge and resources to identify
and develop ideas emerging from science, healthcare and engineering
communities and support them as commercially and economically
viable products in the commercial marketplace.
City University Business School will lead the
project and will focus on developing entrepreneurship, teaching
materials and research, complementing the bioscience and healthcare
technologies of the other partner institutions and other departments
at City University, London.
SIMFONEC will grow into a world class, evidence
based Science Enterprise Centre which will orchestrate the delivery
of science ideas to the commercial marketplace. SIMFONEC has the
capacity to harness the best of London's scientific research,
business and teaching potential and stimulate economic success
in the biotechnology, pharmaceuticals and healthcare sectors.
SIMFONEC AIMS AND
1. To foster the effective teaching of enterprise
in a cross-discipline consortia at all levels and across all partner
2. To create a centre of excellence in knowledge
transfer and exploitation for the biotechnology, pharmaceutical
and healthcare sectors in the London region.
3. To stimulate enterprise and innovation
by creating new spin out and business opportunities for all the
4. To nurture the commercialisation of intellectual
property by establishing effective networks between SMEs, venture
capital and partner institutions.
5. To develop a SEC that reflects upon its
own effectiveness, contributes to the development of an evidence
based science enterprise culture and disseminates research findings.