Welsh business leaders debate the future of innovation in Wales
8 November 2013
Physics-based business leaders and academics gathered at the Wales Millennium Centre in Cardiff Bay to discuss Welsh innovation policy at a briefing organised by the Institute of Physics (IOP) in Wales on Tuesday 29 October.
Professor Paul Hardaker, Chief Executive of IOP, chaired a panel comprising David Rosser, Director of Innovation for the Welsh Government, and Dr Peter Hargrave, Director of Innovation and Engagement for the School of Physics and Astronomy, Cardiff University.
David Rosser spoke of the challenges that were faced in constructing the existing document, ‘Innovation Wales’, and how he sees it evolving as a living document which will deliver an internationally competitive environment for innovation in Wales.
Dr Peter Hargrave outlined what the school and the University are doing to drive a culture of innovation and to help students to develop their entrepreneurial skills. The following discussion centred on Horizon 2020 and the work of the Welsh Government to enable businesses to gain access to these funds.
IOP research has shown that 9.7% of the total Welsh economic output is due to physics-based businesses and that 40 000 jobs have been created by businesses currently thriving in the region.
To find out more about the importance of physics-based-businesses to the Welsh economy, see our latest report http://bit.ly/TheImportanceOfPhysicsToTheWelshEconomy.