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What is the role of the Advantage West Midlands in the formulation of the HIT Lab UK?

April 26, 2017advantage formulation hit lab Midlands UK West

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What is the role of the Advantage West Midlands in the formulation of the HIT Lab UK?

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• The AWM is spearheading the organization of the HIT Lab UK and providing £637K start-up funding to establish and operate (initially) the HIT Lab UK Company. This funding supports the organizational team, pays for legal costs and licence fees, and puts in place the organizational structure for the Lab during the period of Oct 2009 to March 2011. Additionally, the AWM is providing £1M to seed the first year of operation of the HIT Lab UK beginning in April 2011.