Specifically, he will be responsible for developing the UK’s innovation capability, driving investments in research and development (R&D) and technologies of the future.
However, the appointment is also meant to transition Innovate UK from a grant funding body “to an agency focused on driving economic growth by working with companies to de-risk, enable and support innovation, while unleashing private sector investment into research and development,” says the government.
“I want innovation to be at the heart of our efforts to build back better, and to achieve this we need strong leadership from experienced innovators, with business know-how, who can help unleash the UK’s vast scientific and technological potential,” said Kwarteng.
“Along with his passion for science and technology, Indro boasts impressive credentials having worked at the top tier of businesses of all sizes and across different industries. I look forward to working closely with him at the helm of Innovate UK, which will be a crucial vehicle in accelerating business-led innovation and technology, driving economic growth, creating high-value jobs and cementing the UK’s status as a science superpower.”
The experienced technology executive and business leader will take up the post immediately.
“Throughout my career, I have had a strong personal passion for the journey from scientific discovery through to innovation and ultimately commercialisation of technology,” said Mukerjee. “I have seen that journey at first hand across many settings, industries, countries and types of business. I will use this experience as I lead Innovate UK and work with the Secretary of State to deliver the government’s innovation strategy.”
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