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To ask the Secretary of State for Science, Innovation and Technology, what assessment her Department has made of the potential implications for research security of Chinese firms acquiring ownership or influence in university technology commercialisation.
To ask the Secretary of State for Science, Innovation and Technology, what assessment her Department has made of the potential implications for research security of Chinese firms acquiring ownership or influence in university technology commercialisation.
The Government recognises the importance of safeguarding the UK’s research and innovation ecosystem, including the university spinout sector, from risks associated with foreign ownership, influence, or investment. The government will not hesitate to use our powers to protect national security wherever we identify concerns and we have a range of effective measures in place to do so.
The Government is actively protecting the UK’s research and spinout ecosystem from national security risks. The National Protective Security Authority (NPSA), working with the National Cyber Security Centre (NCSC), supports universities and spinouts through the Secure Innovation programme, providing advice on due diligence, investment screening and managing security risks. Targeted Secure Innovation Security Reviews further help early‑stage firms identify and mitigate vulnerabilities linked to foreign engagement.
The Government has powers under the National Security and Investment (NSI) Act 2021 to review and, where required, intervene in investments that may pose a risk to national security. The Government also monitors the market at all times to identify acquisitions of potential national security interest.
To ask the Secretary of State for Science, Innovation and Technology, what steps he is taking to improve the commercialisation of (a) university research and (b) spinouts in the tech sector.
To ask the Secretary of State for Science, Innovation and Technology, what steps he is taking to improve the commercialisation of (a) university research and (b) spinouts in the tech sector.
Support for university commercialisation is at its highest level ever. The Higher Education Innovation Fund, which supports knowledge exchange between universities and the wider world, is set at £280 million for the 2024-25 academic year. To support spinouts, the Government is implementing the recommendations of the Independent Review of University Spin-outs. 52 universities have signed up to the review’s recommendations on improving licensing and equity stakes, including taking 10% or less equity for software spin-outs. UKRI has launched a £40m proof-of-concept fund to support researchers develop ideas ahead of spinning out. Over the last 2 years, Innovate UK has awarded £5.2bn funding to more than 7000 businesses, of which 86% were SMEs.
To ask the Secretary of State for Science, Innovation and Technology, whether he has had discussions with Cabinet colleagues on support for female-led spin-out tech start-ups at UK Universities.
To ask the Secretary of State for Science, Innovation and Technology, whether he has had discussions with Cabinet colleagues on support for female-led spin-out tech start-ups at UK Universities.
Innovate UK are currently running an all-women cohort of their Innovation to commercialisation of university research (ICURe) programme, which will identify and support women researchers to explore commercialisation pathways that can lead to spinouts.
Supporting female tech founders and spin-out companies from our universities are important issues that I and colleagues across government are working on.
I am pleased that over time there are more female-led spin-outs, with 32% of spin-outs in 2022 having a female founder, up from 25% in 2017. However, with 68% still having all-male founders, there is still room for improvement.
To ask the Secretary of State for Science, Innovation and Technology, whether he has plans to (a) identify and (b) support female-led spin-out tech start-ups in UK Universities.
To ask the Secretary of State for Science, Innovation and Technology, whether he has plans to (a) identify and (b) support female-led spin-out tech start-ups in UK Universities.
Innovate UK are currently running an all-women cohort of their Innovation to commercialisation of university research (ICURe) programme, which will identify and support women researchers to explore commercialisation pathways that can lead to spinouts.
Supporting female tech founders and spin-out companies from our universities are important issues that I and colleagues across government are working on.
I am pleased that over time there are more female-led spin-outs, with 32% of spin-outs in 2022 having a female founder, up from 25% in 2017. However, with 68% still having all-male founders, there is still room for improvement.
My Lords, I add my congratulations to the noble Baroness, Lady Freeman, on an excellent maiden speech. I have to say that I hesitated to put my name down for this debate. There are so many able people, including our wonderful introducer, the noble Viscount, Lord Stansgate. The whole debate...
My Lords, I add my congratulations to the noble Baroness, Lady Freeman, on an excellent maiden speech. I have to say that I hesitated to put my name down for this debate. There are so many able people, including our wonderful introducer, the noble Viscount, Lord Stansgate. The whole debate...
My Lords, I am very grateful to the noble Viscount, Lord Stansgate, for giving the chance of this debate, and I really enjoyed the maiden speech of the noble Baroness, Lady Freeman. I totally agree with her on the need for trustworthiness and openness. I very much hope that the...
My Lords, I am very grateful to the noble Viscount, Lord Stansgate, for giving the chance of this debate, and I really enjoyed the maiden speech of the noble Baroness, Lady Freeman. I totally agree with her on the need for trustworthiness and openness. I very much hope that the...
Lords motion to take note of the contribution of science and technology to the UK economy. Agreed to on question.
Lords motion to take note of the contribution of science and technology to the UK economy. Agreed to on question.
My Lords, to say it is a privilege and an honour to open a debate of this kind is an understatement. I have been in the House for just three years, and this is the first time that we have had a general debate about the contribution of science and...
My Lords, to say it is a privilege and an honour to open a debate of this kind is an understatement. I have been in the House for just three years, and this is the first time that we have had a general debate about the contribution of science and...
My Lords, I too thank the noble Viscount, Lord Stansgate, for securing this debate and for opening it so comprehensively. I declare my higher education interests. The Minister has rightly been welcomed to his position, and he has a major
strategic task. He will need to reach right across government...
My Lords, I too thank the noble Viscount, Lord Stansgate, for securing this debate and for opening it so comprehensively. I declare my higher education interests. The Minister has rightly been welcomed to his position, and he has a major
strategic task. He will need to reach right across government...
I congratulate the noble Viscount, Lord Stansgate, on drawing attention to this important issue. I declare an interest as CEO and founder of a small biotech company, Neuro-Bio Ltd, pioneering a novel approach to Alzheimer’s disease and spun out originally from Oxford University.
In the light of my experience over the...
I congratulate the noble Viscount, Lord Stansgate, on drawing attention to this important issue. I declare an interest as CEO and founder of a small biotech company, Neuro-Bio Ltd, pioneering a novel approach to Alzheimer’s disease and spun out originally from Oxford University.
In the light of my experience over the...
My Lords, I thank the noble Viscount, Lord Stansgate, for bringing this important and timely debate. I look forward to the maiden speech of the noble Baroness, Lady Freeman, and welcome her to your Lordships’ House.
I want to focus my remarks on the north-east region’s rapidly growing science and tech...
My Lords, I thank the noble Viscount, Lord Stansgate, for bringing this important and timely debate. I look forward to the maiden speech of the noble Baroness, Lady Freeman, and welcome her to your Lordships’ House.
I want to focus my remarks on the north-east region’s rapidly growing science and tech...
My Lords, I thank my noble friend Lord Stansgate for introducing this debate. He is a whirlwind of knowledge and energy, as anyone who has attended one of his STEM events in Portcullis House will know.
I was a member, and subsequently chair, of two of our former EU sub-committees, on...
My Lords, I thank my noble friend Lord Stansgate for introducing this debate. He is a whirlwind of knowledge and energy, as anyone who has attended one of his STEM events in Portcullis House will know.
I was a member, and subsequently chair, of two of our former EU sub-committees, on...
My Lords, I too am grateful to the noble Viscount, Lord Stansgate, for introducing this important debate. Science and technology could not be more vital to the economy than at the present time. As an engineer, both in practice and at Cambridge University, I welcome the Government’s very recent Green...
My Lords, I too am grateful to the noble Viscount, Lord Stansgate, for introducing this important debate. Science and technology could not be more vital to the economy than at the present time. As an engineer, both in practice and at Cambridge University, I welcome the Government’s very recent Green...
My Lords, it is a great pleasure to follow one of our great civil engineers and to precede one of our distinguished science communicators, who I am sure will add greatly to the debates of this House. This is not just because he was nice about me, but surely—I address...
My Lords, it is a great pleasure to follow one of our great civil engineers and to precede one of our distinguished science communicators, who I am sure will add greatly to the debates of this House. This is not just because he was nice about me, but surely—I address...
I thank the noble Viscount, Lord Stansgate, for initiating this debate and giving me an opportunity to introduce myself to your Lordships’ House. This is a very welcoming place, with its wonderful staff—especially the doorkeepers, with their encyclopaedic knowledge—and also all the noble Lords who have come to introduce themselves...
I thank the noble Viscount, Lord Stansgate, for initiating this debate and giving me an opportunity to introduce myself to your Lordships’ House. This is a very welcoming place, with its wonderful staff—especially the doorkeepers, with their encyclopaedic knowledge—and also all the noble Lords who have come to introduce themselves...
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Moving swiftly on.
I worked both at BBC Science and at the BBC Natural History Unit after doing a doctorate in what my father—initially, concernedly—thought was “not a proper science”. He was trained as a chemist; my sister is a mathematician; my mother is a theoretical physicist. I, of course, was...
Moving swiftly on.
I worked both at BBC Science and at the BBC Natural History Unit after doing a doctorate in what my father—initially, concernedly—thought was “not a proper science”. He was trained as a chemist; my sister is a mathematician; my mother is a theoretical physicist. I, of course, was...
My Lords, it is an honour and a privilege to be the first to commend the powerful and important speech of the noble Baroness, Lady Freeman of Steventon, and to welcome her to this House—I will describe her accurately, if perhaps not technically, as my noble friend. Her diligence in...
My Lords, it is an honour and a privilege to be the first to commend the powerful and important speech of the noble Baroness, Lady Freeman of Steventon, and to welcome her to this House—I will describe her accurately, if perhaps not technically, as my noble friend. Her diligence in...