8. Develop more WG will adapt a New suite of RD&I Operations in Welsh HE, FE From Innovation range of support operations mobilisation phase. Government, budget. Core flexible sources of interventions to approved; SMART Business funding plus R&D funding which increase levels and Cymru, SMART WEFO and respond rapidly to types of R&D and Expertise and SMART Private sector innovation in Innovation match the requirements Welsh businesses. Total approx. of business SMART Cymru already £110M over 5 to funded approx £9M of 6 years projects in 2015. Increase in BERD of 8% in 2013 following 37% increase in 2012. Wales currently one of strongest performing UK regions 9. Support for Life Science WG to Hub work with Build relationship Welsh Business, launched the private July 2014. and nationally and Government Third Sector, research and Membership third sectors to internationally HE, LA innovation needs increasing. deliver new to be delivered in a innovation Welsh Innovation Further opportunities Private sector Currently Welsh activities in a Centre for Enterprise for third party Government clear, more flexible (ICE) fully occupied delivery, e.g. Techhub supported
8. Develop more flexible sources of R&D funding which respond rapidly to the requirements of business WG will adapt a range of interventions to increase levels and types of R&D and innovation in Welsh businesses. New suite of RD&I support operations approved; SMART Cymru, SMART Expertise and SMART Innovation SMART Cymru already funded approx £9M of projects in 2015. Increase in BERD of 8% in 2013 following 37% increase in 2012. Wales currently one of strongest performing UK regions Operations in mobilisation phase. Welsh Government, Business HE, FE From Innovation budget. Core funding plus WEFO and Private sector match Total approx. £110M over 5 to 6 years 9. Support for research and innovation needs to be delivered in a clear, more flexible WG to work with the private and third sectors to deliver new innovation activities in a Life Science Hub launched July 2014. Membership increasing. Build relationship nationally and internationally Welsh Government Business, Third Sector, HE, LA Welsh Innovation Centre for Enterprise (ICE) fully occupied Further opportunities for third party delivery, e.g. Techhub Private sector Currently Welsh Government supported
Annual%20Review%202015%20-%202016.docx