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A £5.8m innovation centre in London, which will bring together design, engineering, technology and business, is to be created by Imperial College and the Royal College of Art. Design-London at RCA-Imperial will create an ‘innovation triangle’ between design (RCA), engineering and technology (Imperial College faculty of engineering) and the business of innovation (Imperial’s Tanaka Business School).
Teaching at the centre will promote knowledge interchange between MA, MEng and MBA students from the RCA and Imperial while research will explore how design can be more effectively integrated with business and technology to create world-beating products and services. In addition, entrepreneurial graduates from the RCA and Imperial will be able to develop new ideas in an incubator, which will support collaboration between different disciplines.
Some 65 per cent of the £5.8m budget has been provided as seed funding by the Higher Education Funding Council for England (Hefce) over three years. The National Endowment for Science, Technology and the Arts (Nesta) will also give £900,000 over a three-year period to fund the incubator element of the project. The remainder of the funding will come from the RCA and Imperial.