Friday, 06 October 2023
The University of Nottingham’s Inclusive Financial Technology Hub (INFINITY) has been awarded a new £1.4 million grant from Research England to develop a fintech hub at the heart of the city.
The Hub will contribute to developing the next generation of financial technology start-ups and firms by creating a pathway for university-inspired research to give rise to early-stage commercialisation ventures in financial services. Provided by Research England’s Connecting Capability fund, the grant is designed to support levelling up and contribute to the UK’s tech sector. The Hub aims to become a focal point for Nottingham’s thriving financial services sector.
The award will fund the creation of an agile pathway for commercialisation of financial technology research, taking early-stage research-inspired commercial propositions on a journey to being realised as live commercial prospects. Concurrently, it will provide training and support for academics at an early stage in the commercialisation journey, overcoming the barriers to engagement. The Hub brings together an existing ecosystem of three leading Midlands-based universities with financial technology expertise (Nottingham, Birmingham and Warwick).
Situated on the University’s new Castle Meadow Campus, the hub will co-locate alongside Nottingham University Business School and local businesses, including KPMG, who are relocating their Nottingham office to the new campus. Castle Meadow Campus will create a unique environment in which students and businesses creatively engage and innovate together.
Professor John Gathergood, from the Co-Director of INFINITY, said: “We are delighted to receive this support from Research England, which will allow us to work with businesses to develop a unique environment in which university-inspired research can be translated into next generation financial services.”
It is brilliant news to hear about this new grant from Research England. We hope this grant will allow the INFINITY hub to expand on its work and strengthen the university’s ties with businesses and offer great opportunities for our students in Nottingham.”
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More information is available from Professor John Gathergood on john.gathergood@nottingham.ac.uk
Faith Pring - Media Relations Manager
Email: faith.pring@nottingham.ac.uk
Phone: 0115 748 4411
Location: University of Nottingham, University Park
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About the University of Nottingham
Ranked 32 in Europe and 16th in the UK by the QS World University Rankings: Europe 2024, the University of Nottingham is a founding member of the Russell Group of research-intensive universities. Studying at the University of Nottingham is a life-changing experience, and we pride ourselves on unlocking the potential of our students. We have a pioneering spirit, expressed in the vision of our founder Sir Jesse Boot, which has seen us lead the way in establishing campuses in China and Malaysia - part of a globally connected network of education, research and industrial engagement.
Nottingham was crowned Sports University of the Year by The Times and Sunday Times Good University Guide 2024 – the third time it has been given the honour since 2018 – and by the Daily Mail University Guide 2024.
The university is among the best universities in the UK for the strength of our research, positioned seventh for research power in the UK according to REF 2021. The birthplace of discoveries such as MRI and ibuprofen, our innovations transform lives and tackle global problems such as sustainable food supplies, ending modern slavery, developing greener transport, and reducing reliance on fossil fuels.
The university is a major employer and industry partner - locally and globally - and our graduates are the second most targeted by the UK's top employers, according to The Graduate Market in 2022 report by High Fliers Research.
We lead the Universities for Nottingham initiative, in partnership with Nottingham Trent University, a pioneering collaboration between the city’s two world-class institutions to improve levels of prosperity, opportunity, sustainability, health and wellbeing for residents in the city and region we are proud to call home.
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