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September 12th, 2007
UK innovation needs backing
UK innovation is being hampered by a lack of early financial support, according to startup incubator St John's Innovation Centre.
St John's hosted the Gorillas of Tomorrow conference in Cambridge last week, which showcased a variety of research developments from three-dimensional modelling to nanotech-enabled next-generation printers.
But insufficient seed funding is making it harder for high-tech developments to make the leap from the drawing board to the market.
Venture capitalists are increasingly reluctant to put money into high-risk fledgling projects, said St John's head of business support Peter Hornby.
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