Innovation in the utilities sector has fallen 11% in two years as R&D by UK industries fell to the lowest levels since the credit crunch, analysis of the latest ONS data by R&D tax relief specialist Catax has found.
The Advanced Engineering exhibition is on the lookout for start-ups to showcase their inventions as part of its innovation zone.
The Technology Strategy Board, the UK’s innovation agency, is to provide the initial £1m prize money for a new ‘grand innovation challenge’ set by the prime minister.
The Technology Strategy Board (www.innovateuk.org) is to invest up to £10m in new research and development projects that stimulate innovation across the key enabling technology areas of advanced materials; biosciences; electronics, sensors & photonics; and information & communications technology.
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