Scholarship is a good idea
A
Paramount Compliance Services product story
Edited by the Engineeringtalk editorial team
Sep 10, 2003
Paramount Compliance Services has been awarded the Knowledge Exploitation Fund (KEF) Entrepreneurship Scholarship for good business ideas.
Paramount Compliance Services has been awarded the Knowledge Exploitation Fund (KEF) Entrepreneurship Scholarship for good business ideas.
This newly formed company, recently featured in Engineeringtalk, addresses the complex issues of safety, EMC, radio and telecommunication compliance in the European and world markets.
The Knowledge Exploitation Fund is a European backed initiative run by the Welsh Funding Councils.
The fund has four main objectives: to facilitate the culture and support the development of entrepreneurship in further and higher education institutions; to facilitate business access to, and share of, knowledge and resources within these institutions; to accelerate exploitation of research and development work and other knowledge and expertise; and to further develop the potential of staff in these institutions to respond to the needs of industry, particularly small and medium sized enterprises (SMEs) and supply chain companies.
Initially about GBP 23 million was available in 2001/2 for projects and programmes which put academic knowledge to work in the economy.
This created a wealth of opportunities for institutions either to initiate new projects or to enhance existing activities.
The next phase will make at least GBP 42 million available to institutions in Wales between 2003 and 2005.
For a company, particularly a small and growing enterprise, KEF presents an opportunity to bring the knowledge base of the academic world into the office or factory.
Working together with further or higher education, new expertise can be applied to develop new products or processes, develop staff, build new markets or strengthen the management team.
KEF exists to assist innovation at all levels.
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