Dec 1, 2014
Cambridge Judge Study Highlights Importance of Innovation in R&D Spending
A new study published at Cambridge Judge’s Centre for Business Research says that a renewed focus on innovative research and development spending by major UK departments would create new export-oriented industries and help re-balance the economy.
In past decades, many vibrant UK technology industries including semiconductors emerged from R&D spending at the Ministry of Defence (MOD) and other departments, and future R&D spending should seek to recreate such a pipeline of innovation, says the 65-page report, entitled “Creating markets for things that don’t exist”.
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