LONDON (Alliance News) - Frontier IP Group PLC on Tuesday said it has been selected as a partner in a project to maximise the value of academic research to Europe's marine and coastal economies.
The AIM-listed asset management company said the project, called Emporia4KT, aims to build bridges between academia, business and government to develop ways to transfer academic knowledge and innovation to boost activities such as fishing, shipbuilding, tourism and ocean energy.
Frontier IP's role in the project will be to develop tools to help partners assess risks, judge cost effectiveness, and understand the most appropriate routes for commercialising their intellectual property.
Emporia4KT is backed by EUR2.2 million funding from the European Union's INTERREG Atlantic Area European Regional Development Fund. Frontier IP will receive fees for its involvement in the project.
"We are delighted to be involved in this high-profile project, which gives us the opportunity to support institutions from across Europe as they seek to help the European Blue Economy benefit from the work they do," said Frontier IP Chief Executive Officer Neil Crabb.
Frontier IP shares were untraded on Tuesday, last closing at 85.45 pence each.
Frontier Ip (FIPP)