Innovation strategy aims to encourage flexibility

A new innovation strategy aimed at promoting more flexibility in business and the public sector has been unveiled by the Welsh Government.

Innovation Wales says the public sector needs to be "less prescriptive and more open to fresh solutions."

It adopts a focused approach with a single overriding principle - that while we can promote, encourage and enable innovation across the economy, our key investments should be made on the basis of clear strategic priorities, building on Wales' strengths

We need to recognise these strengths and exploit them more. This means developing distinct and genuine areas of excellence identified in Science for Wales as: Life Sciences and Health, Low Carbon Energy and Environment, Advanced Engineering and Materials, ICT and the Digital Economy.

The public sector can help create the right conditions for innovation to flourish but it is our people, our academics and our businesses that will be the agents for real change.

– Edwina Hart, Economy Minister

The strategy recommends that businesses in Wales concentrate efforts on five main themes:

  • improving collaboration
  • promoting a culture of innovation
  • providing flexible support and finance for innovation
  • innovation in government
  • prioritising and creating critical mass.