The Technology Strategy Board has launched its strategic plan Connect and Catalyse - a strategy for business innovation with a budget of more than £1 billion for the next 3 years. There are three areas of focus:

• challenge-led innovation
• technology-inspired innovation
• the innovation climate

Annual investment in these areas will be in a ratio of 50%, 25% and 25% respectively by 2011.

The budget for 2008-2001 is made up of £711m from DIUS (Department for Innovation, Universities and Skills) and funding from the Regional Development Agencies of £180m and £120m from the Research Councils.

For more information and to see a copy of Connect and Catalyse

Author:

Vivien Jones

Publisher:

3C Research

Date:

12-May-08

Categories:

Funding Sources 

Sections:

News

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