Government releases £600m for technology investment

The Minister for Universities and Science, David Willetts, yesterday unveiled plans for boosting key areas of technological research in the UK. £600m has been allocated to companies, research institutes and universities that are conducting R+D activities in fields such as big data, space, agri-science, robotics, high performance alloys and telecommunications.

This initiative is intended to help commercialise innovative technologies, by bridging the gap between the R+D stage and the marketplace. It is by neglecting this step in the process that Willetts believes the UK’s high-tech sector has been held back in the past.

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