The government is investing £14.9 billion in R&D in 2021-22 – its highest level in real terms for four decades. In recognising the potential benefits of such investment, Prime Minister Boris Johnson has said: “With the right direction, pace and backing, we can breathe life into many more scientific and technological breakthroughs that transform the lives of people across the UK and the world.” Ploughshare is the hub that can make this happen.
The UK government released two documents in 2021 that recognise the value of Knowledge Assets, and also of our contribution to ensuring that the maximum impact can be delivered from them.
An independent assessment of Ploughshare Innovations Ltd, who act as the technology transfer office for the MOD’s Defence Science and Technology Laboratory (Dstl), calculated that its activities generated £117 million in net additional gross value added (GVA) and £152 million in new additional exports since it was established in 2005
The MOD will also explore options for a greater use of Ploughshare Innovations Ltd to accelerate the commercialisation of government controlled dual-use IP through incubation, licensing and creation of spin out companies.
Defence and Security Industrial Strategy report
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