Evidence for the UK Innovation Strategy
This paper details the analytical evidence that complements the Innovation Strategy published in July 2021.
Documents
Details
Following the publication of the Innovation Strategy, this evidence paper provides an overview of a non-exhaustive range of factors that influence the pace and direction of innovation.
These factors give a fuller understanding of how finance, the supporting regulatory and intellectual property (IP) systems, and global collaborations unleash innovation opportunities for business (Pillar 1).
Investing in people and talent is crucial to unlocking new areas of innovation activities (Pillar 2), and supports the adoption and diffusion of new ideas, knowledge and processes across all regions of the economy (Pillar 3).
The final 2 sections (Pillar 4) set out how mission-based policy and identifying technological advantages, underpinned by analysis, can achieve outcomes that support UK economic growth and prosperity, and tackle major societal challenges.
The paper concludes with a summary of the findings from each Pillar.