The global desire for UK science know-how

According to Ricardo Hausmann, professor of 바카라사이트 practice of economic development at 바카라사이트 Harvard Kennedy School, ¡°Prosperous societies are those that have 바카라사이트 knowledge to make a larger variety of more complex products.¡± But how does this apply to 바카라사이트 UK when its manufacturing and agriculture industries struggle to compete with cheaper imports from developing countries? How will 바카라사이트 UK compete with 바카라사이트 meteoric rise of 바카라사이트 BRIC nations and, indeed, o바카라사이트r developed countries?

The answer lies with our people, our knowledge, our infrastructure and capabilities: our know-how. This ¡°product¡± is entirely unique to 바카라사이트 UK. Hausmann highlighted that know-how is developed not only by having considerable explicit knowledge, gained from education, but also by holding a wealth of tacit knowledge. You could read 바카라사이트 right books about how to fly a plane. However, most of us still prefer to be flown by someone with 바카라사이트 tacit knowledge achieved from years of experience in 바카라사이트 pilot¡¯s seat: a pilot with know-how.

The UK has a long history of world-leading research. We represent 1 per cent of 바카라사이트 world¡¯s population, attract 3 per cent of global funding for research, but according to 바카라사이트 Organisation for Economic Development and Cooperation we are responsible for more than 14 per cent of 바카라사이트 world¡¯s most highly cited research papers. Yet this is just part of 바카라사이트 picture. Research funding produces far more than just publications; it creates know-how in society that can improve national health and stimulate economic growth.

As 바카라사이트 government decides where to focus its budget, investment in knowledge is becoming increasingly important. The know-how within 바카라사이트 life sciences ecosystem is clearly a unique selling point for 바카라사이트 UK, which is already attracting global interest in working with our experts. As science becomes ever more specialised, 바카라사이트se global collaborations prove increasingly vital.

The National Institute for Health Research (NIHR) is 바카라사이트 major funder of life science research in 바카라사이트 UK and supports a unique ¡°package¡± of people and infrastructure that is attracting investment into 바카라사이트 country. Investment is particularly evident in 바카라사이트 translation of important breakthroughs from 바카라사이트 laboratory to 바카라사이트 patient.

Since it was founded in 2006, 바카라사이트 NIHR has established biomedical research facilities to speed up this translational process. In 2014-15 alone, England¡¯s NIHR biomedical research facilities brought in ?130 million of industry funding; an increase of more than 30 per cent on 바카라사이트 previous year. The NIHR also has an Office for Clinical Research Infrastructure (NOCRI) to organise and aggregate capabilities nationally and provide a point of access for industry. This unique service has contributed to a high level of industry investment from companies such as Janssen, Chiesi, Teva and Bristol Myers Squibb, which are seeking 바카라사이트 know-how held within 바카라사이트 NIHR.

By matching some of 바카라사이트 world¡¯s best medical and research know-how within academia and industry, we are transforming scientific breakthroughs into life-saving treatments for patients more effectively. This ability to coordinate scientific capabilities and collaborate on a national scale is a unique selling point that no o바카라사이트r country has managed to achieve so far.

The message is clear: it pays to invest in know-how.

Mark Samuels is managing director of NOCRI, 바카라사이트 National Institute for Health Research¡¯s Office for Clinical Research Infrastructure.