Through this new partnership, local businesses will be able to tap into specialist graduate, academic and technical talent through consultancy and training, alongside access to state-of-the-art facilities through the University’s Engineering Innovation Centre which is due for completion in January 2019.
The move is intended to improve productivity, technology adoption and skills in advanced manufacturin. Work will aim to reduce new product development time, wastage and costs, and allow greater variety in design.Mo Isap, CEO of IN4.0 PLC, said: “We have a once in a generation opportunity created by the mass change of industrial digital technology.
“The university has already made a significant investment in this space with cutting edge facilities across Lancashire. Being based on campus will allow us to scale our expertise in disruptive manufacturing. Our unique enterprise harnesses the best of thinkers and doers to reduce risk, deliver tangible business success for our customers and establish our region as a beacon for the fourth industrial revolution.”David Taylor, pro-chancellor and chair of the university board, said: “Technology develops at a rapid rate so it’s important to keep up with and take advantage of these changes. We know that AM, for example, has the potential to accelerate innovation and productivity, factors at the core of many businesses. We’re aiming to facilitate the implementation of these technologies and act as a catalyst for innovation. “With the potential challenges to come as a result of Brexit, it’s crucial for businesses to be on the front foot and it’s fitting that Lancashire was very much a key part of the first industrial revolution and is now going to be a catalyst for the fourth.”