The University is to lead on one of the UK’s first projects to capitalise on regional excellence in science and innovation.
The initiative will focus on data-driven innovation in Edinburgh and the Lothians.
The University will work with partners including local businesses, the City of Edinburgh Council, Scottish Enterprise and Innovation Centres Scotland.
Together they will identify opportunities for research and help drive benefits across a range of sectors from health to tourism.
The Science and Innovation Audit will seek to understand the importance of the region's research base and business environment in attracting new talent and facilities to drive innovation and business growth.
The region already has world-class strengths - the Edinburgh Festival, a range of digital industries and expertise in speech and video recognition.
More recently data science has been boosted through the University’s membership of the Alan Turing Institute which will drive further advances in computational methods and systems for extracting knowledge from data.
The study is one of five announced by the Chancellor George Osborne in his Budget.
Similar audits will be undertaken in South West England and South East Wales; Sheffield City Region and Lancashire; Greater Manchester and East Cheshire; and the Midlands.
This is an exciting initiative. Applications of informatics have already created a vibrant digital sector at the heart of the regional economy. The Edinburgh consortium is dedicated to maximising the opportunities provided by data driven innovation to accelerate economic and social developments across sectors from health to tourism. This audit will strongly support the realisation of that key goal.