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Glyndwr Innovations

Origins

The aim was to develop an entrepreneurial Unit within the University to commercialise relevant opportunities and to develop a focus on Industry led, knowledge based training and consultancy services, to meet the economic development needs of the North Wales Region. The major challenges were having to deal with the downturn of economic conditions caused by the recession since 2007, restrictionson funding by governing bodies and lending for businesses both SMEs and larger organisations, and public sector cutbacks reducing available budgets

Success Factor

To provide a highly professional and proactive consultancy service which promotes value for money; to invest in people by recruiting and retaining a team of entrepreneurial individuals who think creatively and possess drive and enthusiasm to promote industry led activity; and to focus on creative, knowledge based solutions to develop innovative new products to ensure the delivery of market led solutions keeping up with the ever changing world of knowledge and new technology

The Future

Glyndŵr Innovations will work to develop a new integrated centre to compliment £2m Advanced Composite Training and Development Centre established as a result of a groundbreaking partnership between Glyndŵr University, Airbus, Coleg Cambria and the Welsh Government. It will also develop a new and inspiring Institute of Enterprise and Entrepreneurship to encourage businesses with aging workforces to move to new technology and will provide state of the art equipment, tools and education so that they meet the needs of the ever changing business world. Finally, with its sister company, OpTIC Glyndŵr Limited, currently undertaking ground breaking work to develop and manufacture prototype mirror segments for the world’s largest optical telescope to be built in the Chilean desert, Glyndŵr Innovations aims to will exploit the expertise and knowledge gained from working on such a ground breaking project and will seek ways to exploit the commercialisation and subsequent manufacture of these mirror segments with potential revenue in the £100s of millions.