Potential Actions Progress Next Delivery Delivery Responsibility Partners Financial Support 1. Wales will Encourage business New Welsh Welsh Innovate UK, No budget people and EU Funding Government will Government Research requirement engage academics to join consider Councils ‘ambassadors’ productively with and influence produced a report in recommendations to external bodies, external funding March 2016. strengthen Welsh EU HE, Business, bodies involvement. Public Sector leading to more collaborations Welsh WG Government will make to Continue to work with WG Sector and Innovate UK, Existing sector co fund selected successful applicants Innovation teams Research budgets more joint competitions investments e.g. with and encourage Welsh Councils (approx. £500k) Optronics funding Launchpad bodies in applications to further 2016 areas following of strategic competitions. successful importance Med Tech to Launchpad Wales in 2015. New MOU signed Working with partners Innovate UK Innovate UK, £4.2M to cover between Innovate UK to identify high quality Welsh April 2015 to and Welsh projects Government March 2018 Government to deliver KTPs until March 2018. SBRI Accelerator Optimise delivery of Welsh Public Sector, Existing programme (Stage III) Stage I & II projects. Government Innovate UK Innovation launched Winter 2015 Select Stage III (Innovation) budget plus projects. Welsh Public partnership with Sector Innovate UK. £1M+ pa
Actions Progress Next Delivery Responsibility Delivery Partners Potential Financial Support 1. Wales will engage productively with external bodies, leading to more collaborations Encourage business people and academics to join and influence external funding bodies EU Funding ‘ambassadors’ produced a report in March 2016. New Welsh Government will consider recommendations to strengthen Welsh EU involvement. Welsh Government Innovate UK, Research Councils HE, Business, Public Sector No budget requirement WG will make more joint investments with funding bodies in areas of strategic importance to Wales Welsh Government to co fund selected competitions e.g. Optronics Launchpad 2016 following successful Med Tech Launchpad in 2015. Continue to work with successful applicants and encourage Welsh applications to further competitions. WG Sector and Innovation teams Innovate UK, Research Councils Existing sector budgets (approx. £500k) New MOU signed between Innovate UK and Welsh Government to deliver KTPs until March 2018. Working with partners to identify high quality projects Innovate UK Innovate UK, Welsh Government £4.2M to cover April 2015 to March 2018 SBRI Accelerator programme (Stage III) launched Winter 2015 Optimise delivery of Stage I & II projects. Select Stage III projects. Welsh Government (Innovation) Welsh Public Sector Public Sector, Innovate UK Existing Innovation budget plus partnership with Innovate UK. £1M+ pa
Annual%20Review%202015%20-%202016.docx