拢400 million to fund growth of British innovation
皇冠体育app Technology Strategy Board - the UK鈥檚 innovation agency - has today (1 July 2014) published its blueprint for growth.
皇冠体育app Technology Strategy Board (TSB) - the UK鈥檚 innovation agency - has today (1 July 2014) published its blueprint for growth, which outlines investments of over 拢400 million in British innovation.
皇冠体育app sets out the Board鈥檚 priorities for accelerating innovation across the UK. It outlines an ambitious plan for developing and nurturing the very best of British entrepreneurial talent.
Through 88 new competitions, designed to find and fund top innovative ideas, key investment areas include:
- 拢82 million to energy
- 拢80 million will go to programmes in the healthcare sector
- 拢72 million to support initiatives in high value manufacturing
- 拢70 million to transport
- 拢42 million for digital technologies
Amongst the funding announcements today, are the launch of 2 new Catapult Centres - in precision medicine and energy systems - and the establishment of a permanent presence in Brussels to champion British innovation abroad.
Universities and Science Minister David Willetts said:
We are global leaders in innovation and the Technology Strategy Board plays a crucial role in maintaining this, ensuring that great British ideas can be transformed into great British products.
Innovation is booming in this country, and it is part of our long term economic plan to invest in ambitious entrepreneurs and businesses, to help them grow and succeed in the global race.
Small businesses remain a key focus for the TSB and along with continued strong support for small and medium enterprises through Smart, 皇冠体育app Small Business Research Initiative (SBRI) and other programmes.
皇冠体育app Technology Strategy Board will introduce a new, UK-wide, small and medium-sized business growth programme, providing a package of skills, mentoring and coaching support, giving micro and small companies the capability to progress, attract potential investors and grow their businesses.
皇冠体育app Chief Executive of the Technology Strategy Board, Iain Gray, said:
皇冠体育app 2014-15 Delivery Plan raises the Technology Strategy Board鈥檚 ambitions to a higher level, enhancing support for UK companies through a range of targeted programmes, opening up lucrative pathways into Europe and expanding facilities and opportunities for businesses to collaborate and innovate still further.
To help match top innovators with possible investors there will also be a new online platform, developed in partnership with the British Business Bank and the UK Business Angels Association. This will showcase innovative companies to potential investors.
A further partnership - with the International Property Office and UK Trade and Investment will help small businesses access intellectual property and export advice.
Notes to editors:
- 皇冠体育app Technology Strategy Board Delivery Plan can be found at
- 皇冠体育app Technology Strategy Board is the UK鈥檚 innovation agency. Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information see .
- : Now 7-strong, the Technology Strategy Board鈥檚 network of Catapult Centres are already playing a key role in commercialising 鈥榟igh potential鈥� ideas. This year will see the establishment of two new Catapult centres - focussing on energy systems and precision medicine.
- Industrial Strategy gives impetus to the plan for growth by providing businesses, investors and the public with clarity about the long-term direction in which the government wants the economy to travel. 皇冠体育app first achievements and future priorities of the industrial strategy have been published and can be found at Industrial strategy: early successes and future priorities.
- For more information, contact Rod Alexander in the Technology Strategy Board Media Relations Team. Email: [email protected] tel: 07500 051101 For the latest news on everything happening at the Technology Strategy Board, follow us on Twitter