Inventor donates £2.5 million to Cambridge University
PUBLISHED: 08:35 13 December 2016 | UPDATED: 08:35 13 December 2016
Dr John C Taylor OBE is donating the cash to set up the Professorship of Innovation.
He is regarded as one of the world’s most successful inventors, with over 400 patents to his name, and is best known for his bi-metal kettle controls used in two billion devices worldwide.
The new professorship, which has been endowed in perpetuity, will combine teaching and research to ensure young engineers combine innovation with practicality when approaching design.
Dr Taylor said: “I wish to celebrate British ingenuity and inventiveness. It’s essential to develop inventions into production for the benefit of the creator while generating local employment through manufacturing growth.
“Too little is discussed these days about business financial freedom and job creation while too much attention is paid to venture capitalist business models, which can leave an inventor with little ownership. One of my proudest achievements in business is that I never borrowed a penny from anyone. This is because I always focussed on cash flow and used the revenue from manufacturing to fund innovation.
“I very much look forward to being invited to talk on this subject and spread the message of practical manufacturing throughout the engineering community.”
In 2008, Dr John C Taylor (Corpus 1956) created and donated to his former college the popular Corpus Chronophage Clock, positioned outside the Taylor Library at Corpus, which has now become one of the city’s most popular tourist attractions.