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ACADEMIC EXPERTISE FOR BUSINESS (A4B)

 

INTRODUCTION

A4B is a six year programme of support funded by the Welsh Assembly Government and European Structural Funds aimed at providing a simplified, integrated package of support for knowledge transfer from academia to business. A4B brings together a suite of already successful programmes into one, overarching programme, improving on previous capabilities.

A4B consists of the best elements of the Knowledge Exploitation Fund (KEF), Centres of Excellence for Technology and Industrial Collaboration (CETIC), Know How Wales (KHW) and Accelerate Clusters (AC). These previously separate programmes have successfully worked with both Higher Education Institutions and, where appropriate, Further Education Institutions over the last seven years, delivering knowledge transfer to Welsh industry and businesses.

This new strategic approach to supporting Knowledge Transfer will also enhance the existing collaboration with HEFCW in the delivery of Third Mission aims and objectives. A4B will provide a single strategic fund to support Third Mission knowledge transfer projects that will build on the infrastructure funding provided by HEFCW.

The aim of the programme is to promote a high value-added economy and to maximise the economic impact of academia and business through technology transfer and the creation of a stronger science, engineering and technology base with clear commercial potential. This will be achieved by the adoption of new processes, systems and services, or by improving substantially those already produced or installed. In turn, this will lead to the creation of high value jobs and ultimately, a value-added economy.