Yesterday (20th July 2021), the UK government opened
up its new £375 million scheme designed to drive investment
in innovative UK firms.1 The scheme, Future Fund:
Breakthrough, is proposed to help high-growth, R&D intensive
companies bring game-changing technologies to market. The scheme
will span multiple industries including life sciences, quantum
computing, and clean technology.
It will be interesting to see whether and how this scheme will
change the landscape of innovation in the UK. One indicator of
commercially focused innovation is the number of patent
applications being filed, and so we would expect to see a rise in
the number of new patent applications being filed by the companies
benefitting from this scheme.
