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Home > News > UK innovation needs backing

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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