Tuesday, 28 Feb 2012
Research and Innovation in the UK
The UK government is actively promoting innovation through grants, R&D tax allowances, and beneficial patent and intellectual property incentives.
We have World Class Universities in the UK
Three of the world’s top five universities are based in the UK including Cambridge, Oxford, and UCL. (Source: QS 2012)
30 UK universities were ranked among the top 200 overall. Only the US, with 54, had more. (Source: QS 2012)
More than 100 Science Parks with over 3,100 companies
Science parks have the benefit of strong links to a specific research centre or university combined with access to on-site specialised business support.
The UK is the leading G8 country for research productivity with 45 research papers per billion pounds of GDP, compared to 25 and 15 papers in the US and Japan respectively.
New Technology and Innovation Centres – Catapult
The UK Government has invested over £200 million to create an elite network of Technology and Innovation Centres, known as Catapults. Catapult are technology and innovation centres where the very best of the UK's businesses, scientists and engineers can work side by side on research and development - transforming ideas into new products and services to generate economic growth.
University of Cambridge
The University of Cambridge has been awarded more Nobel Prizes than any other institution in the world and is one of the UK’s three universities ranked in the top 5.
The Catapults programme represents over £1bn of private and public sector investment over the next few years and will transform the UK's innovation capability for the long term.
Each Catapult focuses on an area which the government has already identified as strategically important in global terms and where there is genuine potential for the UK to gain competitive advantage.
The seven centres focus on:
High value manufacturing
Offshore renewable energy
Connected digital economy
All seven Catapults will be up and running during 2013, ready to accelerate innovation and growth over the coming years and decades.
Big Innovation Centre
The Big Innovation Centre exists to make the UK a global open innovation hub, to build a world-class innovation ecosystem, and re-balance and grow the UK economy. It brings together some of the world’s leading companies with key institutions from across the policy landscape, all united by a commitment to innovation. It will carry out business-oriented research, taking emerging ideas and backing them with evidence. With support from all political parties, the Big Innovation Centre will make recommendations on how the UK can become a global innovation hub and transform the UK economy.
Support for Research & Innovation Funding
The UK Government contributes nearly £3 billion to fund innovation through seven Research Councils. As a result support for business includes provides finance to businesses working together with a university or college, grants to support placement of recently qualified graduates into business and help for businesses to build relationships with universities and/or colleges to develop and exploit new ideas.
Supporting Intellectual Property in the UK
The UK is planning to implement a to encourage companies to locate high-value jobs and activity associated with the development, manufacture and exploitation of patents in the UK. It will also enhance the competitiveness of the UK tax system for high-tech companies that obtain profits from patents. The scheme takes effect from April 2013. The is responsible for ensuring compliance with International IPR agreements and represents the UK at the World Intellectual Property Organization, the European Union and the World Trade Organization.
How we can help – Contact us
At UKTI we have connections with the leading research facilities in academia and will help you build working relationships with the centres of excellence and leading figures in the field relevant for you. Contact us today for a confidential discussion about you research needs with one of our sector specialists. Please contact the UKTI Investment Services Team through our online enquiry form here.