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Topics and policy

Industry and innovation

The UK has an outstanding track record of industry innovation. World-class industrial research plays an important role in and is essential for transforming innovative ideas into commercially successful products and services. Innovative economies see greater growth and productivity, while companies that innovate grow twice as fast as those which do not.

The increasing importance of the knowledge-driven economy means that the flow of ideas and skills between the research base, industry, business and the wider community is crucial to future prosperity. The complexity of many existing social and economic challenges makes collaboration essential to research and innovation.

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  • Building a stronger future: Research, innovation and growth

    The UK National Academies set out key priorities and actions for the next Government to make the UK the location of choice for world class research, development and innovation.

    Download the statement

  • Transforming our future conference series

    The Royal Society is running a new series of unique, high-level conferences to address the major scientific and technical challenges of the next decade.

    Find out more

  • Inspiring Innovations and Success Stories

    A collection of profiles showcasing how the translation of scientific breakthroughs into commercial success has been achieved in the UK.

    Explore the case studies

  • Dowling Review response

    Royal Society submission to the Dowling Review of business-university collaboration which sets out the Society’s positions about the ways in which Government can support collaborations between businesses and Universities.

    Read the response

  • Submission to the Government’s Science and Innovation Strategy

    The Academy of Medical Sciences, the British Academy, the Royal Academy of Engineering and the Royal Society jointly submitted a contribution to the Government’s 2014 Science and Innovation Strategy.

    Read the statement

  • Commercialisation of research

    Royal Society submission to a House of Commons Science and Technology Committee inquiry into the commercialisation of research in late 2011. 

    Read the statement

Also of interest

In Verba blog

Related events

Related events

Fellows working in this area

Sir Simon Campbell

Sir Simon Campbell is an innovative medicinal chemist who has made notable contributions to the pharmaceutical industry - he was directly involved in the discovery of three of the world’s best-selling prescription drugs.

He served as President of the Royal Society of Chemistry from 2004 to 2006, and is currently co-chair of the Royal Society’s Science, Industry and Translation Committee.

Dr Hermann Hauser

Best known for setting up Acorn Computers, developer of the iconic ‘BBC Micro’, Dr Hauser has successfully developed and financed over 100 high-tech companies while offering inspiration and mentorship to the next generation of entrepreneurs.

He is currently co-chair of the Royal Society’s Science, Industry and Translation Committee.