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The Technology Strategy Board has a wide remit: to stimulate innovation in those areas which offer the greatest scope for boosting UK growth and productivity. Together with business, by the end of 2011 we will have invested almost £2bn towards this goal. Innovation and technology, in the broadest sense, offer not only global competitive advantage but also a means of tackling many of today’s greatest societal challenges. Recognising this, the Technology Strategy Board has developed a strategic approach with three clear areas of focus: innovation in response to societal and economic challenges; innovation inspired by the existing and emerging technologies where the UK leads or could lead; and the ‘climate’ or culture in which innovation can grow. Programmes include innovation platforms to focus on challenges and mobilise innovative responses; knowledge transfer networks and partnerships; funding for Collaborative R&D programmes; and other initiatives designed to stimulate business innovation. The Technology Strategy Board’s vision: for the UK to be a global leader in innovation and a magnet for innovative businesses, where technology is applied rapidly, effectively and sustainably to create wealth and enhance quality of life
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