The Academy has welcomed the speech by Sam Gyimah MP, Minister of State for Universities, Science, Research and Innovation, setting out the government’s vision for the UK as a platform for research, innovation and entrepreneurship.
Professor Dame Ann Dowling OM DBE FREng FRS, President of the Royal Academy of Engineering, says:
“I welcome Mr Gyimah’s support and enthusiasm for innovation across science and engineering. The solutions to some of society’s biggest challenges lie in the commercialisation of innovative engineering and technology ideas. The UK’s strong research base is a source of new ideas and inventions. However, it takes time and funding to bring them to market. Despite a growth of support for innovation, there is a lack of the comprehensive and sustained support needed to allow these ideas to flourish & become high growth businesses.
“The Academy has established an Enterprise Hub to support new entrepreneurs and foster innovative new businesses. In its first five years the Hub has supported over a hundred startup and scaleup companies, which have created over three hundred jobs between them. Over £60 million in follow-on funding has been raised by 70 of the Hub Members. We are working closely with both industry and academia to ensure that the impact of UK research and development is felt by society and the economy as soon as possible.”
Notes for Editors
Royal Academy of Engineering. As the UK’s national academy for engineering and technology, we bring together the most successful and talented engineers from academia and business – our Fellows – to advance and promote excellence in engineering for the benefit of society.
We harness their experience and expertise to provide independent advice to government, to deliver programmes that help exceptional engineering researchers and innovators realise their potential, to engage the public with engineering and to provide leadership for the profession.
We have three strategic priorities:
Make the UK the leading nation for engineering innovation and businesses
Address the engineering skills and diversity challenge
Position engineering at the heart of society
We bring together engineers, policy makers, entrepreneurs, business leaders, academics, educators and the public in pursuit of these goals.
Engineering is a global profession, so we work with partners across the world to advance engineering’s contribution to society on an international, as well as a national scale.
For more information please contact:
Jane Sutton at the Royal Academy of Engineering
T: 020 7766 0636
E: Jane Sutton