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Innovation defined? Outcomes and connections …

Innovate 2011v4

Following on from the  2 blog posts (Blog post 1/ Blog post 2)  earlier this week on  Innovation the next set of outcomes and connections introduces the concept:

Game changer 3 = UK innovators + crowding forward investment

A key criterion for public sector investment is that it is “additional”, that it doesn’t crowd out willing private sector investment.

Indeed, the goal of Innovate UK is quite the opposite – to crowd in private sector investment by building private sector confidence in tackling the markets of the future.

We shouldn’t, though, be satisfied with just simply crowding-in private sector investment; we should be proactively crowding it forward.

Leveraging the structure and robustness of Innovate UK’s competitions as a strategic platform through which the private sector (commercial and 3rd sector) can gain the confidence it needs to invest both earlier and more widely.

Game changing new connections to the ecosystem
Game changing new connections to the ecosystem

Read the blog post in full on Innovate UK’s website.