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