Influential UEL report on innovation published by parliament

The Centre of Innovation, Management and Enterprise at the University of East London and PwC recently developed an insightful, robust report for the Science, Innovation and Technology Committee in the UK Parliament. The evidence-based report has now been published on the UK Parliament’s website, having been praised by the Committee and formally accepted. This latest achievement provides yet another example of the real-world implications UEL’s research can have. 

Authored by Dr Siemon Smid, Director at PwC, Dr Alina Vaduva, Ambassador, Centre of Innovation, Management and Enterprise,  and Professor Kirk Chang, Director, Centre of Innovation, Management and Enterprise, the report draws on the research evidence and business consultations. The report recommends that the UK Government adopt a mission-oriented innovation strategy, focusing on bold, strategic missions to align public investment, research and regulation towards shared societal goals (such as AI, AI-empowered management and digital infrastructure). 

The reports urge UK policymakers to act as proactive market shapers, creating long-term cross-sectoral collaborations that stimulate private sector innovation while ensuring public value creation.

Dr Alina Vaduva, Lecturer and Ambassador at the Centre of Innovation, Management and Enterprise at the Royal Docks School of Business and Law and lead author of the report, said: 

The development and publication of this report is a perfect example of the university-industry collaboration, contributing to the societal progress and governmental policy development, and demonstrating the tangible value and impact that research can have. 

Now that this report has been accepted and published, we hope that parliamentarians and policymakers will adopt the recommendations. Doing so has the potential to transform the UK into a global leader in science and technology by enhancing innovation financing, fostering collaboration and ensuring that intellectual property is maximised as a strategic asset for growth.”