26 September 2016
One of the stranger ideas mooted in recent months was to replace the grants used by Innovate UK with loans. One of the things I discovered in my time at the Technology Strategy Board was that government views “revenue” and “capital” as different types of money, and for a while they preferred giving out capital to revenue. This may be part of that tactic, but profoundly misunderstands how Innovate UK has an effect on growing companies.
05 September 2016
Long ago, I was taught that science is about understanding the world around me, and being able to predict behaviour in a set of circumstances not yet observed. The ability to clearly communicate that understanding to another human being is an extra, and very important, skill, but is not given to everyone who does science. When I took the route into industrial research, I learnt that science is the start of another process. But whether you call it development, applied research, or innovation, the process of using the understanding to develop new products and services is separate and distinct from science on which it is based.