Mediaboss Marketing

In many ways, Britains success is perhaps more historic. We are the home of Newton, Darwin, Stephenson, Brunel, Franklin, Hodgkin, Turing, Hawking, Berners-Lee. The accomplishments of British invention and discovery are many, but too often reflected on as past glory.

Despite representing less than one per centof the worlds population and just five per centof researchers, UK research accounts for 15pcof the world's most highly cited articles.

Our academia is perhaps unrivalled around the world in proportion to our population but we have long struggled to build on this and to commercialise brilliant ideas at scale. A designated fund that will provide long-term and carefully curated funding for university spin-outs is key for the growth of IP-led businesses, and the backing of British entrepreneurs.

A proposal for the UKs own 800m blue-skies research agency to rival DARPA is thus incredibly welcome in both the R&D and technology industries. Such an agency could transform the UK from tech giant to tech leader,expunging our reluctance to commit to moon-shots.

The UK'srecord of 21stcentury innovation and discoveryis strong. Globally it is home to more start-ups than anywhere else in the world apart from the US and China but our scale-up story does not resonate in the same way.

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It is time for the UK tech sector to embrace 'moonshot' research - Telegraph.co.uk