Government to invest £200million in 'technology innovation centres'

Outlining the Government's new 'strategy for growth' earlier today, PM David Cameron spoke about plans to invest £200million in new 'technology innovation centres', similar to Germany's Fraunhofer Institute.

According to patent and trade mark firm, Withers & Rogers LLP, the announcements are a major boost that could significantly increase innovation activity. Adrian Tombling, patent attorney at Withers & Rogers LLP, said: "Bringing German style technology innovation centres to the UK could significantly boost R&D activity and encourage more innovation led businesses to capture the commercial value of their inventions and in so doing, create wealth and jobs. "This promise of a nationally driven, strategic focus on innovation is reassuring and will go some way to address concerns about the proposed abolition of the regional development agencies, which is expected to take effect in the coming weeks."