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Independent Expert To Push Forward Catapult Network To New Heights


A leading technology entrepreneur will outline how the government’s network of technology and innovation centres can be fully exploited


Published on 14 March 2014



by The Rt Hon Dr Vince Cable MP and The Rt Hon David Willetts MP

(WireNews)

London, England

Department for Innovation & Skills
Department for Innovation & Skills

Leading technology entrepreneur Hermann Hauser will outline how the government’s network of elite technology and innovation centres can be fully exploited to benefit the economy in the long-term.

Commissioned by Business Secretary Vince Cable, and Science and Universities Minister David Willetts, Hermann Hauser will look at how to build on the progress already made and maximise the benefits from any possible expansion of the Catapult network.

The Business Secretary made the announcement during the official opening of the Offshore Renewable Energy (ORE) Catapult’s offices in Glasgow. This brings the number of Catapult centres to 7.

By combining the existing knowledge in the offshore renewable sector with new resources, the ORE Catapult aims to drive innovation and ensure maximum UK benefit from offshore renewable energy resources. A report commissioned by the ORE Catapult estimates this could be worth up to £6.7 billion per year to the UK economy by 2020.

Business Secretary Vince Cable said:

"Britain has an enviable track record in innovation but in the past we have sometimes failed to commercialise new technology. That is why the Catapult centres are so important for securing future economic growth, and ensuring that not only can we seize new global opportunities, but more importantly that we can leave the competition trailing in our wake.

"I am pleased Herman Hauser has agreed to undertake this review because he has already proven he has the vision to set government bold but achievable goals."

Hermann Hauser who will deliver his recommendations to ministers this summer said:

"Following on from my 2010 report on technology and innovation centres, I am delighted to have been asked by Vince Cable and David Willetts to oversee the review of the future shape, scope and ambition of the Catapult centres in the medium to long term. I look forward to engaging with all interested parties on this important policy area."

Technology Strategy Board Chief Executive Iain Gray said:

"This is the right time to take stock of the significant progress already made by the Catapults as we think about the future scope and scale of the network in the future. There is no one better than Hermann Hauser to do this review and we are absolutely committed to working with him to ensure a productive consultation period."

There are currently 7 Catapults covering a range of sectors, with public and private sector investment of over £1.4 billion over their first 5 years of operation. Two additional Catapults – Energy Systems and Precision Medicine – are scheduled to open next year (2015). They focus on complementing existing research and innovation efforts by providing a business led, capital intensive infrastructure.


For more information about this press release visit https://www.gov.uk/government/news/independent-expert-to-push-forward-catapult-network-to-new-heights

 


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Posted 2014-03-14 08:51:00