Policy Submissions

S925 - Bridging the Valley of Death: improving the commercialisation of research

Description

Bridging the Valley of Death: improving the commercialisation of research: IET comments to the House of Commons Science and Technology Select Committee.


Abstract

A growing recognition exists within government, industry and the media that the UK needs to ‘rebalance’ its economy, moving the emphasis towards capturing value from wealth-creating products and services and away from ‘financial engineering’. Recent government policies and announcements explicitly recognise the need for economic recovery based on high-value, high-technology manufacturing. Ensuring that the UK industrial system is able to capture value from products and services based on high-value and high-technology manufacturing requires constant innovation and commercialisation of new products, services and business processes to maintain a competitive advantage.

Submission Details Submitted on 08 February 2012 to House of Commons Science and Technology Select Committee


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Keywords and Search Terms Innovation, Research and Growth Strategy, Commercialisation of university research, New technologies, Technology Strategy Board, SMEs, Small Medium sized Enterprises, UK venture capital funds, Technology transfer, High value manufacturing, Catapult Centres, SBRI, Small Business Research Initiative, Public procurement