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New plans to boost private sector investment to put the UK at the front of the global innovation race have been set in a new Innovation Strategy launched by Business Secretary Kwasi Kwarteng.
The Innovation Strategy is the government’s long-term vision to put innovation at the heart of building back better. It aims to boost private sector investment in R&D across the whole of the UK, and create the right conditions for all businesses to innovate.
The Strategy identifies areas where the UK has globally competitive R&D and industrial strength which will transform the economy: Advanced materials and Manufacturing; AI, Digital and Advanced Computing; Bioinformatics and Genomics; Engineering Biology; Electronics, Photonics and Quantum; Energy and Environment Technologies; Robotics and Smart Machines.
Highlights of the Innovation Strategy include a commitment from the Government to:
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