£30M funding for World Wide Web.

The UK government has announced the creation of a new £30 million Institute for Web Science to carry out research into next generation, Web 3.0 technologies and support their commercialisation.

The Institute, to be hosted by Oxford and Southampton universities, will be headed by the inventor of the World Wide Web, Tim Berners-Lee. Its brief will run from conducting research, to collaborating with industry, identifying opportunities for social and economic applications and assisting in commercialising research.

Read more at http://www.sciencebusiness.net and at http://www.ecs.soton.ac.uk