The UK is not seen by global community as an ‘innovation hot spot’, with only one percent believing that the country will come up with significant enhancements in technology in the next four years.
Executives questioned in a Global Technology Innovation survey by advisory firm KPMG believe that the US is the country most likely to come up with the next ‘disruptive technology breakthrough’ that will have a global impact in the next four years.
KPMG surveyed 811 technology business leaders worldwide from technology industry start-ups, mid-sized to large enterprises, venture capital firms and angel investors in order to identify disruptive technologies, innovation trends, and the scope of change.
In a change from last year’s survey (when the US and China tied for top spot), 37 percent of the respondents said the US shows the most promise for disruptive breakthroughs, while 24 percent cited China, and 10 percent predicted India, followed by Korea (7 percent), Japan (6 percent) and Israel (6 percent).
The UK was named by only 1 percent of respondents as a future hotspot for the next disruptive breakthrough and ranks number 9 in the list jointly with Russia.
Tudor Aw, KPMG head of technology Europe, said: “This survey shows that at the moment the global tech community does not see the UK as hotspot for future technology innovation."
"This underestimates the tremendous talent, creativity and favourable conditions we have in place. We need to do a better job of promoting Tech UK as a brand overseas so people understand all the strengths we have, as well as our existing world leading capability."
"Good examples of this include graphene which is seen as a technology that will revolutionize the 21st century; two physicists from Manchester University won the Nobel Prize in Physics for their work in this field. Another example is our world leading companies in the field of semiconductor IP used in smart phones.”
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