How do we innovate in a time of austerity and nurture innovators of the future?
In a tough economic climate, innovation cannot be sacrificed. It is the lifeblood of science, technology and the economy. There is an urgent need to focus on how best to promote and nurture innovation – today and in the future.
How do we nurture innovation in times of austerity? Who funds it? Does a lack of money encourage inventiveness or does it stifle innovation as everyone plays it safe? And what about the innovators of the future? Are we doing enough to nurture and support talent?
That was the challenge discussed by a distinguished and diverse panel of experts in November 2012 at the inaugural Astellas Innovation Debate, held at the Royal Society in London.
Chaired by Professor Jim Al-Khalili, Professor of Physics, author and broadcaster, the panel included:
Professor Paul Boyle, Chief Executive, Economic and Social Research Council & President of Science Europe
Tudor Brown, Co-founder and former President of world-leading technology company ARM
Professor Brian Cox, Broadcaster, Physicist and Royal Society Research Fellow
Dr Beau Lotto, Founder of the Lottolab, University College London
Professor Andrew Geim, Nobel Prize winning Physics in 2010 for his groundbreaking work on graphene
Professor Mariana Mazzucato, RM Phillips Professor of Science and Technology at the University of Sussex
Professor Paul Workman, Chief Executive and Head of Cancer Therapeutics, The Institute for Cancer Research London
Jeremy Webb, Editor-in-Chief, New Scientist