Abstract
This article examines how the emergence of innovative technology platforms, recently introduced by new players in the university services space and public arena, has the potential to open up additional revenue generation opportunities for the university research funding toolkit. How aware are universities of these new technology platforms and their revenue potential? Given anticipated EU funding upheaval (and potential removal/reduction of funding sources), uncertainty surrounding Brexit, and the lack of clarity in the lead-up to Brexit (creating what looks to be a prolonged period of instability and cross-messaging in funding circles), the time is now ripe for university management, financial stewards and library managers to embrace new technology platforms as part of their strategic finance planning in order to take advantage of new emerging revenue models in combination with existing operations.
Highlights
Brexit has placed UK researchers and the institutions and industries that support them into what looks to be a prolonged period of uncertainty
UK researchers will become isolated from their peers, and some European universities have already instructed their researchers not to include colleagues from the UK when making bids
In the past UK science in particular has been a major beneficiary from increased European Union (EU) funding
Summary
Brexit has placed UK researchers and the institutions and industries that support them into what looks to be a prolonged period of uncertainty. Only a general statement has been made by the Government to acknowledge that funding will need to be generated to ensure the UK research sector maintains a competitive edge and attracts/retains top researchers. Those who currently receive EU funding will continue to receive funds subject to contractual obligations but there is no detailed knowledge regarding the level of UK inclusion in EU funding programmes. Knowledge Economy, with the recommendation that a new body, the UKRI (UK Research and Innovation)[2] be created to consolidate the budgets of the existing research funding councils
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