拢1.4 million boost for science innovation at 缅北禁地 The Business Secretary Vince Cable today announced a 拢1.4m investment in 缅北禁地 to help turn our best science ideas into successful business projects. Designed to help bridge the gap between a research idea and commercial success, the money will be used to create new companies, grow industrial collaboration and foster more entrepreneurship. The grant is part of the Impact Acceleration Accounts (IAA) - a new £60million investment project funded by the Engineering and Physical Sciences Research Council (EPSRC). One of the projects flagged up by EPSRC to showcase where previous funding has already successfully turned an idea into a commercially-viable product is the . Created by 缅北禁地鈥檚 Jeff Neasham, the hand-held device is similar to the technology used in hospitals but can be manufactured for as little as £30 鈥 a thousand times cheaper than the standard medical ultrasound technology. Professor Nick Wright, Pro-Vice Chancellor for Research and Innovation at 缅北禁地 said: 鈥淭his IAA grant will help us to take our technical know-how and turn it into real-life solutions. It enables us to turn our world-leading research into products and solutions that improve lives and help businesses grow. 鈥淭his award builds on the work of the last three years and the successful Knowledge Transfer Account which was held jointly with our colleagues at Durham University.鈥 : 鈥 Intelligent blood pressure measurement 鈥 adding 鈥榠ntelligent鈥 technology to blood pressure systems that can tell the health professional if the readings are stable or whether further tests are needed. 鈥 Medical Imaging Agents 鈥 the development of purer imaging agents on a commercial scale. Announcing the £1.4 million award, Mr Cable said: 鈥淭his investment will help our leading universities become centres of innovation and entrepreneurship and generate the kind of commercial success which will fuel economic growth and make the UK one of the most attractive places in the world to do science-based business鈥. Professor Dave Delpy, ESPRC鈥檚 Chief Executive said: 鈥淭he research we support is recognised as outstanding on the international stage. These Accounts aim to make a step change in the impact that has on society: generating new business opportunities which drive economic growth, creating better, more informed, public policy.鈥 published on: 15 November 2012