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<p>Innovation in the North East is supported by significant public investment. For
example, universities in the region received £12 million this year through the Higher
Education Innovation Fund, and six received a further £5 million from the Connecting
Capability Fund to help spinout their research. We have also invested £5 million in
the North East Technology Park to attract more science and technology companies, and
the North East hosts Catapult centres that de-risk the transition from research to
commercialisation, including the Offshore Renewable Catapult (Blyth), the Digital
Catapult (Sunderland) and the Satellite Applications Catapult (County Durham).</p>
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