What are the vital technologies that underpin UK innovation?

What are the vital technologies that underpin UK innovation?

15 Nov 2012

 

At the Technology Strategy Board we recognise that that there are some technologies that are fundamental to innovation across all market sectors: 

 

  • advanced materials
  • biosciences
  • electronics, sensors and photonics
  • information and communication technology (ICT).

These four ‘enabling’ technologies have a key role to play in helping business to meet some of the high-level challenges facing this country, in fields such as energy, food, healthcare, transport and the built environment. 

Our Enabling Technologies Strategy outlines how we are investing £20m per year over 2012-2015 to support innovation in these technologies where business opportunities are worth hundreds of billions of pounds globally and are growing at double-digit rates in some cases.

Between them, these industries consist of more than 196,000 companies.

Private investors are finding it difficult to invest in higher-risk, early-stage innovation across all four enabling technology areas in the current economic climate, making it hard for innovators to take their initial ideas to a level of maturity that will attract later rounds of investment or the engagement of potential users. We will focus on accelerating the journey between initial concept and demonstrator so that the benefits of new technological developments are evident and the risk of further investment is reduced. 

Upcoming funding opportunity

We are launching our latest ‘technology-inspired’ funding competition very soon, looking to fund projects in areas highlighted in the strategy.

 Read the Enabling Technologies Strategy here

 See our Competitions page for details of the technology-inspired funding competition

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Last updated on Thursday 15 November 2012 at 12:50

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