The nine Catapult Network CEOs recently provided evidence to an inquiry by the House of Lords Science and Technology Committee, looking at the contribution of Catapults to delivering the UK’s R&D Roadmap and the ambitions to increase the investment in R&D as a % of GDP in coming years.
The inquiry looked to gain a deeper understanding of the role of Catapults in the innovation ecosystem, how they are supporting the growth of UK businesses and enabling greater private sector investment into Research and Development.
The Committee posed questions to CEOs that explored key emerging developments in technology, incentives and barriers to commercialisation of innovation, the Catapults’ relationship with businesses and universities and the role of Catapults in accelerating ideas through to commercialisation to contribute towards the regional growth agenda.
Headline discussion points included:
You can watch the full House of Lords Science and Technology Committee debate on Parliamentlive.tv.
The inquiry continues in the New Year with evidence from stakeholders and a report with recommendations.
The Catapult Network supports businesses in transforming great ideas into valuable products and services. We are a network of world-leading technology and innovation centres established by Innovate UK. We deliver impact across the UK economy, enabling businesses to thrive in global markets.
Tim Yates, Communications Manager