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Slip or fall on your way to research commercialisation?

December 16, 2011
Robot slipping on a banana skin planted by Prank Bot

Government asks: what's the banana skin in the way of your research commercialisation?

Injured at work? Slip or fall on your way to research commercialisation? Tell the government! But first tell PST, using our contact form or comment box below, where you have encountered obstacles in commercialising your research.

The so-called “valley of death” between science and its successful commercialisation has got ministers scratching their heads.

They are hoping that funding for specific commercialisation projects, from graphene to life sciences, will ameliorate the real-terms funding cut for science as a whole.

So the House of Commons Science and Technology Committee yesterday published its intentions to conduct an inquiry into commercialisation, and issued the following questions as a call for evidence:

1. What are the difficulties of funding the commercialisation of research, and how can they be overcome?
2. Are there specific science and engineering sectors where it is particularly difficult to commercialise research? Are there common difficulties and common solutions across sectors?
3. What, if any, examples are there of UK-based research having to be transferred outside the UK for commercialisation? Why did this occur?
4. What evidence is there that government and Technology Strategy Board initiatives to date have improved the commercialisation of research?
5. What impact will the government’s innovation, research and growth strategies have on bridging the valley of death?
6. Should the UK seek to encourage more private equity investment (including venture capital and angel investment) into science and engineering sectors and if so, how can this be achieved?
7. What other types of investment or support should the government develop?

Here at PST, we might add our own question: to what extent should funds raised through commercialisation be rolled back into the science sector?

Before you craft your evidence statement, drop a few thoughts below or send us an email. We may publish the best ones (anonymously if requested).

Image thanks to Christopher Grant Harris.

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