TLDR:
- Government departments are discussing innovation with venture capitalists to harness ideas and address challenges.
- The event will focus on translating venture into government missions and tackling departmental innovation needs.
Government departments are coming together with venture capital firms to discuss how to effectively work with innovators to develop new technologies addressing challenges such as decarbonising the economy, climate change adaptation, and safe use of artificial intelligence. The event, hosted by the Government Chief Scientific Adviser, will include representatives of venture capital firms alongside departments like the Home Office, Department for Environment, Food & Rural Affairs, and Department for Transport. Discussions at the Innovation and Venture Capital Day will center around translating venture into government missions and addressing departmental innovation needs and challenges. The focus will be on identifying key next steps to make significant progress in working with VCs and fostering technology pull-through. This initiative aligns with the UK Science and Technology Framework update’s goal of building commercial science capabilities within government departments and forming strategic partnerships with venture capital firms to access innovative technology. This collaboration aims to modernize the delivery of innovative solutions for the public sector.
