Graham Spittle, Chairman of the Technology Strategy Board, the event organisers, presented a confident prediction of future innovation funding growth as an essential means of further supporting entrepreneurs as the stimulators of the new economy.
The Chairman’s welcoming address, expanded on the exhibition theme of ‘Connect for Growth’, stressing the importance of a culture of collaboration in innovation to enable the UK to ensure global competitiveness in keys sectors and markets.
The event is emphasising four priority areas of sustainability, energy, digital and healthcare; seen by the TSB as areas were developing the right products and solutions will bring major opportunities for UK companies in areas such as low carbon technology, intelligent transport and sustainable agriculture.
David Willetts MP, Minister for Universities and Science, who is delivering the afternoon keynote, is likely to face strong questioning of proposed cuts to government spending on higher education and the sciences. With the Comprehensive Spending Review looming 20 October, Mr Willetts reasserted the government’s commitment to ensuring Britain remains a hub for research, development and innovation announcing 3 competitions totalling £11m in Research and Development funding for healthcare innovation starting January 2011.
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About the Technology Strategy Board
The role of the Technology Strategy Board is to stimulate technology-enabled innovation in the areas which offer the greatest scope for boosting UK growth and productivity. We promote, support and invest in technology research, development and commercialisation. We spread knowledge, bringing people together to solve problems or make new advances.
We advise Government on how to remove barriers to innovation and accelerate the exploitation of new technologies. And we work in areas where there is a clear potential business benefit, helping today's emerging technologies become the growth sectors of tomorrow.
Our vision:
For the UK to be a global leader in innovation and a magnet for innovative businesses, who can apply technology rapidly, effectively and sustainably to create wealth and enhance quality of life.
The Technology Strategy Board is an executive non-departmental public body (NDPB), established by the Government in 2007 and sponsored by the Department for Business, Innovation and Skills (BIS).
The activities of the Technology Strategy Board are jointly supported and funded by BIS and other government departments, the devolved administrations, regional development agencies and research councils.
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