Innovation and Productivity Grand Challenge - Overview

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New Press Release

In a world characterized by fierce global competition increasing emphasis is being placed upon concepts like 'the knowledge economy' and 'innovation led growth'. But putting these grand ideas into practice requires a deep understanding of how the innovation system works to translate science and engineering knowledge into commercially successful products and services and into processes which people and originations effectively use to enhance their productivity. And it requires that this rich understanding translates into a system which actually works and which continues to adapt and improve.

Of course the quest for such understanding is an old one, a little like the search for the philosopher's stone but with the transmutation of knowledge into innovation replacing lead and gold in the equation. And it has a similar universal character about it - concern about this issue is expressed around the world. Our research - a major £3.5m programme funded by the EPSRC and involving 5 major universities (Cambridge, Cranfield, Imperial College, Liverpool and Loughborough) and the Advanced Institute of Management Research - is trying to move our understanding beyond superstition and alchemy and towards developing a clearer understanding of the knowledge-to-innovation (KTI) system and how it can most effectively operate. The goal is not only to develop a rich understanding but also to inform policy agents concerned with making the KTI system work at regional, sectoral and national level.

To view the overview information of each of the 12 projects please click here

To view more information please on this venture please click here

For further information on this project please contact Professor Andy Neely or 0870 734 3000.

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