The University of Glasgow is to offer some of its intellectual property to UK businesses and entrepreneurs for free.
In a press release, the University said that the move is bound to revolutionise the way in which academic bodies and businesses interact with one another.
The University said that cutting edge innovation and patents will be available for UK businesses from a dedicated University of Glasgow website called 'Easy Access IP'.
The availability of free IP will directly benefit small and media-sized businesses in the UK, leading to super-fast innovation and closer interaction between academic and commercial bodies.
University of Glasgow Principal Anton Muscatelli said in a statement: “One of the core missions of the University is the creation, advancement and sharing of knowledge and we aim to transfer as much IP into commercial use as we can, to the benefit of our partners, the community and the economy.”