①Recently, the UK National Stem Cell Network warned the UK could lose its place among the world leaders in stem cell research unless adequate funding and legislation could be assured, despite an annual ?40m spend by the Department of Health on all kinds of research.
We should take this concern seriously as universities are key in the national innovation system and, in the face of the current economic turmoil, one of the few get out of jail cards still held by the nation.
However, we do have to challenge the unthinking complaint that the sector does not do enough in taking ideas to market. ②The most recent comparative data on the performance of universities and research institutions in Australia, Canada, USA and UK shows that, from a relatively weak starting position, the UK now leads on many indicators of commercialisation activity.
Our weaknesses show up in the rates of US patenting and license income arising from our efforts, but these have improved and there is no reason to believe that this trend will not be continued.
③When viewed at the national level, the policy interventions of the past decade, such as the sharp increase in research funding, the evolution of the Higher Education Innovation Fund and the continuation of the Research Assessment Exercise have helped transform the performance of UK universities. The evidence suggests the UKs position is much stronger than in the recent past and is still showing improvement.
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