The science, innovation and business community came together this week at London鈥檚 Royal Institution and Manchester鈥檚 Science and Industry Museum to launch the Government Office for Technology Transfer.

Led by Dr Alison Campbell, GOTT has a cross-government mandate to supercharge the identification, development and exploitation of public sector knowledge assets, estimated to be worth over 拢106 billion.

Part of the Department for 老九品茶, Energy and Industrial Strategy (BEIS), it聽 aims to encourage the public sector to be more innovative and entrepreneurial in how it manages its own assets.

BEIS non-executive board member Vikas Shah joined Dr Campbell to welcome invitees from the innovation ecosystem in the North, as well as showcasing the city as a centre for government innovation.

鈥淭he UK is an exceptional research, knowledge and innovation base, cementing its position as a genuine global science superpower,鈥� said Science and Investment Security Minister Nusrat Ghani.聽

鈥淗owever, British discoveries are too often brought to market elsewhere, taking the expertise and financial benefits from UK research to foreign economies.

鈥淭his is why the work of the excellent new Government Office for Technology Transfer, launching today, will be so important.聽

鈥淚 look forward to seeing this new office work to commercialise the UK鈥檚 outstanding home-grown knowledge assets to benefit our country鈥檚 economy, society, and position as an Innovation Nation.

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GOTT CEO Dr Campbell said: 鈥淚鈥檓 delighted to be able to mark the launch of the Government Office for Technology Transfer 鈥� as a dedicated team with a cross-government remit, it鈥檚 a first of its kind.

鈥淥ur purpose is to raise awareness across government of the value of intangible knowledge assets and to provide practical advice and support to enable such opportunities to be properly exploited.

鈥淭here is a wealth of knowledge, resources and intellectual property across the portfolio of government investments that has the power to drive innovation across business and the public sector.聽

鈥淭here are already many exciting examples of how these are contributing to the British economy. We want to enhance the scale and pace of knowledge asset development across the public sector.鈥�

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