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.