Understanding the ways in which scientific research contributes to the economy and how best to exploit it is a crucial step in revitalising UK business. Through research projects emanating from the EPSRC Innovation Studies Centre, Business School staff are examining two key perspectives – first how the pharmaceutical industry is developing collaborations with universities in order to lower costs; and second how academic research from the university perspective can have wider economic or social impact.

In the video, below Dr Markus Perkmann discusses his research on the nature of university-business interactions and ways to balance the needs of the two different sectors.