Lord Freeman appointed new chair to University Challenge fund


12-05-2005

The Rt Hon Lord Roger Freeman has been appointed as the new chairman of the University of Cambridge Challenge Fund, part of Cambridge Enterprise.

Lord Freeman was MP for Kettering from 1983 to 1997. He held a range of ministerial positions including Parliamentary Under-Secretary of State for the Armed Forces, Parliamentary Under-Secretary of State for Health, Minister of State for Public Transport and Minister of State for Defence Procurement.



In 1995, he entered the Cabinet as Minister for Public Service and Chancellor of the Duchy of Lancaster. He was responsible for the government's privatisation programme until leaving Parliament in 1997. He was made a Privy Counsellor in 1993 and Life Peer in 1997.



Since December 1997, Lord Freeman has been a Partner, then a consultant to PricewaterhouseCoopers. He chairs the Corporate Finance Advisory Board for PricewaterhouseCoopers UK. He was elected to the Board of Thales UK plc as chairman in March 1999.



Lord Freeman said, 'The Cambridge Challenge Fund has an enviable track record in investing in research and initial ideas and helping to transform these into viable commercial operations. I'm looking forward to being a part of this and helping more University work to bring benefits to wider society.'



The University of Cambridge Challenge Fund has provided early investment to a range of successful spin-outs including Smart Holograms, Metalysis, Cambridge Semiconductor, DanioLabs, Hypertag and genapta.



Cambridge Enterprise brings the University's existing commercialisation activities previously performed by the Technology Transfer Office, the University Challenge Fund and the Cambridge Entrepreneurship Centre, together in one new organisation. Its purpose is to improve the support available to the academic community to make their ideas and concepts more commercially successful for the benefit of themselves, the University, and the UK economy.



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Further information:



Bill Matthews, University Challenge Fund, Tel: 01223 763720



Media information:



Jane Heeney/Jenny Kartupelis, Elements PR Tel 01223 421605

 

Cambridge Enterprise exists to help University of Cambridge inventors, innovators and entrepreneurs make their ideas and concepts more commercially successful for the benefit of society, the UK economy, the inventors and the University.

Cambridge Enterprise, University of Cambridge