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Experimental Third Stream Strategic Development Fund Projects - Study B

Summary

HEFCE aims to support 'third stream' activities which enhance the contribution made by the higher education knowledge base to economic development and the strength and vitality of society. To inform the further development of our policies and funding in this area we commissioned Quotec Ltd together with SPRU at University of Sussex to undertake three studies:

  1. Global Innovation Environments
  2. Experimental Third Stream Strategic Development Fund Projects
  3. Higher Education Innovation Fund Impact Survey.

Study B, entitled Experimental Third Stream Strategic Development Fund Projects, analyses six business cases from higher education institutions (HEIs) seeking project funding under the Strategic Development Fund. Most of the projects were funded in 2006 under our 'Third Stream as Second Mission' initiative. This initiative explores the potential contribution that some HEIs could make to competitiveness and productivity as they move towards making the third stream their second mission focus (after teaching). The projects focus on HEIs' activities to stimulate demand for HE knowledge services from new users and to enhance their capacity to improve the productivity and growth of local and regional small and medium-sized enterprises. The analysis in this initial report will be followed up by interim and final evaluations of the projects (in 2007 and 2008 respectively).

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