How can government support businesses to overcome barriers to translating R&D and fundamental research into successful enterprises?
Background
The Industrial Strategy aims to spur national productivity growth, strengthen the UK’s economic security and resilience, and support the UK’s environmental and net zero transition. It aims to achieve this by increasing business investment in capital and innovation, attracting foreign investment, and increasing business dynamism in the IS-8 sectors.
These sectors contain the UK’s frontier industries that sit at the leading edge of innovation and have the greatest potential for future competitiveness and technological development. By prioritising these frontier industries, the strategy targets the parts of the economy most capable of driving innovation and supporting major transitions such as AI adoption and net zero.
Next steps
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Research fields
Related UKRI funded projects
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Innovation and Productivity Grand Challenge
The UK is strong in scientific, technological and engineering research. It has a vibrant economy enabling small and large firms to flourish. But it suffers an enduring productivity gap compared with industrial activities...
Funded by: EPSRC
Lead research organisation: Imperial College London
Why might this be relevant?
Addresses the challenge of converting research outputs into high value products and services to improve industrial performance.
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Promoting the roles of R&D service firms in the innovation system
R&D service firms offer specialised R&D services to other parts of the economy. They are a key source of external knowledge for other businesses. Firms operating in the UK R&D service sector rose from 2,642 i...
Funded by: ESRC
Lead research organisation: University of Manchester
Why might this be relevant?
Focuses on the roles of R&D service firms in the innovation system, which is a partial aspect of supporting businesses in translating R&D into successful enterprises.
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Taiwan Innovation Exchange FLIP
To create impact from excellent science requires not only technical solutions but also mechanisms to bring products and processes to market. In this FLexible Interchange Programme (FLIP) project Professor Iain Donnison s...
Funded by: BBSRC
Lead research organisation: Aberystwyth University