Building industrial engagement and impact
Progress so far
We have established foundational policies, processes and staffing, including developing robust HEBCIS data reporting, establishing a CRM, recruiting new business development staff and BIEI fellows, commercial costing and pricing policies, a due diligence process, the PACE fund and a consultancy policy.
Six growth areas were identified to generate new income streams through knowledge exchange:
- Collaborative research grants
- Consultancy
- Continuing Professional Development (CPD)
- Contract research
- Facilities and equipment
- Other commercial income (eg licensing or royalties)
The BIEI initiative has now transitioned to business as usual, following the completion of most new appointments and the establishment of effective frameworks and policies to support external engagement, enabling more effective support and accurate measurement of success metrics.