‘More ambition’ urged for welsh innovation – bbc news

Meet eve. She looks and feels like a patient, but she’s in fact a very lifelike dummy, created by a film and TV props company to help a cardiff tech firm develop cutting edge ultrasound technology.

The hope is that one day gps and specialist nurses might be able to use ultrasound in surgeries to help detect problems earlier rather than having to refer patients to hospital instead.

Nick sleep, chief technology officer at medaphor, said: "we’re trying to revolutionise ultrasound. There are 50m doctors but only 2% can use ultrasound and we’d like that to be higher.

"We’re trying to teach experts how to use ultrasound better and more quickly.£294 went we’re also trying to make the machines easier to use, so more people can use them."

The agency has committed more than £1.8bn since 2007, matched by other partners and businesses, to 8,000 organisations. It claims to have helped create 70,000 jobs.

But only £8.4m out of a funding pot of £294.5m went to wales in 2016/17 – half the amount that went to either the east midlands or yorkshire and humberside.

Dr mckernan added: "our data says that only 3% of applications to innovate UK comes from wales, and I believe there are a lot more innovative and creative small companies, academics wanting to move into business in wales, than is represented.Said wales

Wales has the lowest level of productivity of all the nations and regions of the UK. That should matter not just to businesses but to all of us.

The views from the head of innovate UK come as a taskforce of welsh academics and business leaders warns in a report that wales faces "daunting challenges" after brexit.

It wants a "new compact" between government, universities, businesses and other key stakeholders, as well as a "permanent funding stream" to support work between higher education and companies.

Chaired by dr drew nelson, chief executive of semiconductor company IQE and cardiff university vice chancellor prof colin riordan, the taskforce calls for for innovation growth hubs to support and promote business "hot-spots" which will maximise the value to the welsh economy.Chief executive

Prof riordan said government, businesses and universities need to work together in a more open way – and not just at later stages when plans were already developed.

This software developer for the cell and gene therapy supply chain began in 2012 and in january was part of a consortium which was awarded £1.4m in innovate UK funding.

Ravi nalliah, trakcel chief executive said: "wales has a wealth of resources at its disposal, with leading universities producing high calibre graduates to fuel its knowledge economy.

"However, know-how and research needs to be interwoven with entrepreneurial spirit.Said wales wales needs to provide an environment for risk-takers to flourish."

Another is specific in swansea, which uses new technologies to develop "buildings-as-power generators" – schools, offices and housing which are built in such a way that the materials can generate energy.

Dr mckernan said wales is already attracting 17.5% of funding for semi-conductors but it now "needs to really think" about what excels at so it can pool knowledge and apply for millions of pounds in funding which will be becoming available.

Meet eve. She looks and feels like a patient, but she’s in fact a very lifelike dummy, created by a film and TV props company to help a cardiff tech firm develop cutting edge ultrasound technology.Chief executive

The hope is that one day gps and specialist nurses might be able to use ultrasound in surgeries to help detect problems earlier rather than having to refer patients to hospital instead.

Nick sleep, chief technology officer at medaphor, said: "we’re trying to revolutionise ultrasound. There are 50m doctors but only 2% can use ultrasound and we’d like that to be higher.

"We’re trying to teach experts how to use ultrasound better and more quickly. We’re also trying to make the machines easier to use, so more people can use them."

The agency has committed more than £1.8bn since 2007, matched by other partners and businesses, to 8,000 organisations.Chief executive it claims to have helped create 70,000 jobs.

But only £8.4m out of a funding pot of £294.5m went to wales in 2016/17 – half the amount that went to either the east midlands or yorkshire and humberside.

Dr mckernan added: "our data says that only 3% of applications to innovate UK comes from wales, and I believe there are a lot more innovative and creative small companies, academics wanting to move into business in wales, than is represented.

Wales has the lowest level of productivity of all the nations and regions of the UK. That should matter not just to businesses but to all of us.Said wales

The views from the head of innovate UK come as a taskforce of welsh academics and business leaders warns in a report that wales faces "daunting challenges" after brexit.

It wants a "new compact" between government, universities, businesses and other key stakeholders, as well as a "permanent funding stream" to support work between higher education and companies.

Chaired by dr drew nelson, chief executive of semiconductor company IQE and cardiff university vice chancellor prof colin riordan, the taskforce calls for for innovation growth hubs to support and promote business "hot-spots" which will maximise the value to the welsh economy.£294 went

Prof riordan said government, businesses and universities need to work together in a more open way – and not just at later stages when plans were already developed.

This software developer for the cell and gene therapy supply chain began in 2012 and in january was part of a consortium which was awarded £1.4m in innovate UK funding.

Ravi nalliah, trakcel chief executive said: "wales has a wealth of resources at its disposal, with leading universities producing high calibre graduates to fuel its knowledge economy.

"However, know-how and research needs to be interwoven with entrepreneurial spirit.Said wales wales needs to provide an environment for risk-takers to flourish."

Another is specific in swansea, which uses new technologies to develop "buildings-as-power generators" – schools, offices and housing which are built in such a way that the materials can generate energy.

Dr mckernan said wales is already attracting 17.5% of funding for semi-conductors but it now "needs to really think" about what excels at so it can pool knowledge and apply for millions of pounds in funding which will be becoming available.