28 August 2013
Over the last 6 years, the Technology Strategy Board has helped support economic growth by helping innovative UK-based companies. We have done this by sharing a vision of where a particular market or technology could go, by connecting companies with other companies or universities where missing bits of their business puzzle might lie, by providing insight into the way government policy is developing or (if all else fails) funding them for about half the costs of the project to develop new products or services. There is growing evidence that these tools are effective, and becoming more effective, but in the end they are limited by the number of people in the organisation and the amount of money we have to allocate. We need to find a way to extend our support. We think one way is to celebrate the successes of the companies we have supported – so that others can use them as role models
09 August 2013
One of the things slightly hidden in the recent announcement about our Spending Review settlement for 2015/16 was the extension of our commitment to Catalysts. The first Catalyst was announced in November 2011 and was focussed on the biomedical area. It was a response to the problem of getting companies developing new diagnostics and therapies to the point where “normal” financial support was easier to obtain.