Cardiff University announced plans to invest £300m in new facilities and people. Vice Chancellor, Professor Colin Riordan outlined plans for the University to become a world renowned developer and incubator for future prosperity, health and growth in Wales, the UK and the wider world. He indicated that the university plans to partner with key stakeholders and investors in making the university a magnet for enterprise, creativity and innovation for Cardiff and its part of the UK.
Among the projects in the new facilities will be a Compound Semiconductor Research Institute that would partner with industry and provide cutting-edge research to produce real-world applications based on compound semiconductor technology. A Social Science Research Park is also expected to attract national and international social science researchers. An Innovation Center will offer, space, advice and support for technology startups. A Transitional Research Facility will help turn research and innovations into real products.
Professor Riordan said, “Cardiff Innovation System matches a multi-million pound investment with a vision to put innovation and entrepreneurship at the heart of our strategy.”
“Working with the Welsh and UK governments, local authorities such as Cardiff Council, the NHS in Wales, business partners and civic society, Cardiff Innovation System can establish the University, the City and Wales as international leaders in innovation.”
“Cardiff Innovation system will help us demonstrate the relevance of our work to the communities we serve, better connect industry, business, government and charities with our academics, and nurture student entrepreneurship and grass-roots business development.”