PDayNewscastAfter a frantic June, July starts with a bang this week as the Chancellor unveils his post election budget and I look forward to seeing many of you at our annual UK CEO Investor Forum, starting Wednesday.

Following our response to Dame Anne Dowling’s review of business-university collaborations back in March this year, it was great to see a number of our recommendations reflected within the final report. In particular, the recognition that technology transfer offices need to prioritise knowledge exchange over short-term income generation, and further work is required to improve approaches to contracts and IP agreements; and the need to create a more supportive culture within academic departments that supports and rewards researchers to collaborate with industry.

As the review points out, the UK has many great examples of business-university collaborations – a number of which were highlighted in our original response. Translational activities are core to the life sciences sector to ensure that the innovative research undertaken in the UK’s world leading science base can be appropriately taken forward to market and, ultimately, made of use to patients. Moving this agenda chimes with our vision for the sector, we now look forward to a formal positive response from the government in the autumn to the review.

This week’s big political event is Wednesday’s Budget Statement. As usual, we’ll be monitoring closely and will keep members updated on anything of relevance to the sector.

The Budget is timely as it will immediately precede our annual UK CEO and Investor Forum, taking place in Weybridge. It promises to be a great couple of days, with dinner on Wednesday night and a packed agenda for Thursday with over 25 confirmed speakers. I’ll update on what happened in next week’s blog. We’ve also recently posted a selection of pictures and highlights from the BIA’s Parliament Day at the end of June – a sample of which are pictured above. Do take a look here.

In other news, the NC3Rs is recruiting for four Board members to join from January 2016 – a great opportunity to help shape the work of the NC3Rs and promote the UK’s position as a world leader in 3Rs research and development. More information available here.

And finally, just to note that Newscast will return on Tuesday next week.