Firms need more help to gap into innovation

first_img Comments are closed. A joint report from the TUC and The Work Foundation warns that theGovernment’s £1.25bn science strategy to boost productivity will fail unlessmore is done to help business tap into innovation. The report, Networking know-how: technology transfer and the UK productivitygap, the first in a programme of work on UK manufacturing and productivity,urges employers here to learn from best practice abroad, especially from the USand Germany. It calls for regional networks of technology transfer, such as those inoperation in the US and rest of Europe, to be developed in the UK. Rebecca Harding, the report’s author and chief economist at The WorkFoundation, said there needs to be more co-ordination between academic researchand development projects and business. She said: “Current government policy has gone some way towardscorrecting the historic misconception that investment in research anddevelopment leads directly to higher productivity, but it hasn’t managed toplug the gap between scientific invention and entrepreneurial application. “We need widespread recognition that the relationship between ourscientists, universities and businesses is a complex one that has to beconducted at a regional level if it is to be successful,” she added. TUC general secretary, John Monks, believes that the UK’s RegionalDevelopment Agencies need to play a more central role in ensuring innovativeideas are adopted in practice. “This is the key area for the next stage of the UK’s innovationpolicy,” he said. “We cannot import wholesale a system from abroad,but we do need to be looking to the rest of Europe and the US for successfulregional networks. “England’s Regional Development Agencies and the UK’s devolvedinstitutions look perfectly placed to be the hub of technology transfernetworks.” www.tuc.org.uk/economy By Quentin Reade Previous Article Next Article Related posts:No related photos. Firms need more help to gap into innovationOn 20 Aug 2002 in Personnel Todaylast_img read more