02 July 2010
BBSRC Research Council has an updated Policy on Knowledge Exchange and Commercialisation

The BBSRC is committed to ensuring that research outcomes are translated so as to deliver both direct and indirect benefits to individuals and organisations. Benefits will include:

• improving the effectiveness of public goods and services and delivery of public policy
• creating commercial wealth
• supporting economic competitiveness, and
• enhancing people's quality of life in UK and overseas.

BBSRC acknowledges that knowledge exchange is a much broader activity than commercialisation or translation. This means that a wide range of knowledge exchange and commercial activities is required to deliver benefit and impact. These will include engaging with users of research outcomes in business, public and third sectors. Interactions will be two-way, complex and take a variety of forms. Success will be achieved through many different channels and mechanisms and deliver benefit over varying timescales.

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