Providing sufficient scale up capital for fast growing tech and deep tech companies is always a very important topic, as part of the global race for leadership.

Background

"Technology Strategy

As the team has a broad remit, there are a range of different areas of evidence needs. These are likely to be areas of ongoing enquiry, as we seek to keep abreast of market and technological developments. We are also interested in the interaction of these issues e.g. with systems approaches.


Evidence challenges
One of the main challenges we have is that SIC codes do not readily permit us to do analysis of technology sectors, so we need to use specialist datasets, bespoke studies or natural language processing to enable us to collect data on the issues.

We work with technology experts to define classifying methods.

How evidence is used
We already have databases on business activity and equity funding in the team, with access to other datasets across the Department on research activity, exports, skills, patents, IP, etc. We are nevertheless always interested in hearing about new data developments in this space.

We also have evidence from commissioned studies, and call for evidence responses.
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Next steps

If you are keen to register your interest in working and connecting with DSIT Science, Innovation, and Research Directorate, and/or submitting evidence, then please complete the DSIT-ARI Evidence survey - https://dsit.qualtrics.com/jfe/form/SV_cDfmK2OukVAnirs

Link to ARIs : https://www.gov.uk/government/publications/department-for-science-innovation-and-technology-areas-of-research-interest/dsit-areas-of-research-interest-2024

Related UKRI funded projects


  • Technology Readiness Self-Assessment Dashboard

    We use capability-based analytics to evaluate the investability of disruptive technologies. We offer diagnostics and validation of technology maturity that investors trust through an initial self-assessment for startups,...

    Funded by: Innovate UK

    Lead research organisation: VYNE ANALYTICS LTD

    Why might this be relevant?

    Partially relevant as it focuses on technology readiness and investment, but does not directly address scale-up capital for fast-growing companies.

  • Technology foresight for growth and productivity: the design and implementation of a new foresight approach for UK SMEs

    "Foresight is a convenient and evocative label for a very real trend in strategy and policy planning (Vecchiato, 2015). Its rise to prominence was driven by the increasing uncertainty of the business environment and...

    Funded by: Innovate UK

    Lead research organisation: KINGSTON UNIVERSITY

    Why might this be relevant?

    Partially relevant as it discusses technology foresight for SMEs, which could indirectly relate to scale-up capital needs.

  • Mapping the production, diffusion and drivers of future technologies

    We propose to map and track the state of technological change in the UK, understand its drivers, impacts and help to improve the UK's productivity record via our collaboration and engagement with industry and policymaker...

    Funded by: UKRI

    Lead research organisation: University of Warwick

    Why might this be relevant?

    Partially relevant as it focuses on mapping future technologies and their impact on productivity, which could be related to scale-up capital needs.

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