The East of England is maintaining its reputation for turning ideas into commercial success a report from the East of England Development Agency economic intelligence unit published 03 September 2010 shows. Innovation Insight 2010, produced by the EEDA Insight East team, provides an update to the original baseline report published in March 2009. It shows that
The East of England is maintaining its reputation for turning ideas into commercial success a report from the East of England Development Agency economic intelligence unit published 03 September 2010 shows. Innovation Insight 2010, produced by the EEDA Insight East team, provides an update to the original baseline report published in March 2009. It shows that the East of England continues to demonstrate some clear signs of continued success in terms of its innovation performance. The report now ranks the East of England as second only to the South East for generating intellectual property. This is due to a 22 per cent rise in the number of software and non software licences issued by higher education institutions such as Cranfield University, the University of Cambridge, the University of Hertfordshire and the University of East Anglia.
In the updated study, 13 out of the original 36 measures of innovation performance were compared. It concluded that for eight of the 13 indicators the region is one of the top three performers in the country. Importantly the East of England has improved its rank across four of the 13 indicators. The report does warns that weak educational attainment and the relatively small higher educational sector compared to other UK regions is a barrier to economic success.
Internationally the East of England continues to hold its own against similar regions across the world, such as Massachusetts, USA and Chungcheong Region, China.
