A Mission-Oriented Industrial Strategy

A Mission-Oriented Industrial Strategy

Innovation has both a rate and a direction. Innovation policy, and Industrial Strategy specifically, are an opportunity to support the development of technology and to influence the direction of innovation towards solving big societal problems. The government’s Industrial Strategy is explicitly targeted at solving four grand challenges – an ageing society, data and artificial intelligence, clean growth, and the future of mobility. For the past year, the UCL Commission on Mission-Oriented Innovation and Industrial Strategy (MOIIS) has been working closely with BEIS to develop these challenges into bold and ambitious missions which inspire innovation across multiple sectors. We have also been looking at cross-cutting issues—like how to use procurement policy to inspire bottom-up experimentation and exploration towards achieving the missions, and how to engage civil society.