The UK is seen around the world as a leader in technology. As the home of some of history’s great innovators such as Ada Lovelace, Alan Turing, Sir Frederic Williams, Dame Wendy Hall and Sir Tim Berners Lee, the UK has a pedigree in innovation, research and world leading tech.
However, there now exists a global race to build the best economy for tech and the UK’s competitors around the world are thinking strategically and acting quickly to build the up the skills and resources to reach the forefront of the digital revolution.
While the UK has already established a strong lead, now is the time to ensure that the UK has the capability and capacity it needs not just to put in a good showing, but to win the global race for tech.
techUK’s Innovation Policy Working Group (IPWG) is a focused taskforce of some the UK’s most innovative technology companies.
The aim of the group is to set out the public policy objectives the UK Government should set itself to make the UK the best country in the world not only to research and develop the technologies of the future such as quantum computing, drones and AI enabled tech, but to ensure these innovations develop into the next great tech success stories.
In the interim report techUK identifies three core objectives to ensure the UK is made race fit for the global competition for a leading tech economy:
- Developing an R&D strategy that cements the UK’s competitive offer for bringing new tech to market
- Creating a regulatory landscape that supports innovation rather than holding it back
- Enabling a public procurement strategy that helps build markets for the tech businesses of the future
The interim findings of the group come ahead of a full report which will set out a comprehensive analysis of the state of the UK’s innovation enabling policy and regulatory landscape and recommend how the Government can redesign this system to ensure tech and innovation are placed at the heart of the UK’s economic model.
The interim report of techUK’s innovation policy working group can be read here