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Cambridge University is celebrating its biggest ever boost from business - a massive 40 million from communications giant Marconi.
Philips Business Communications has beaten off competition from nearly a dozen other bidders to land the coveted role of equipping the Civil Aviation Authority (CAA) with a new communications infrastructure and call centre to meet growing demands on its resources.
Building work has begun on the largest single expansion of Cambridge University in its 800 year history.
A new hearing centre is due to be opened at Addenbrooke's Hospital today (Friday).
ThirdPhase Ltd, a spin-out from Oxford University which is developing and marketing data acquisition technology for Phase III clinical trials, is settling into Unit 292 at the Cambridge Science Park.
As part of his fact-finding visit to Cambridge, Alex d'Arbeloff, Chairman of the Board of Trustees of the Massachusetts Institute of Technology (MIT), spent a day finding out what makes some of the region's young entrepreneurial companies tick.