Innovation and Entrepreneurship
At the heart of our economic strategy is our goal of diversifying our economy, launching new businesses in new areas. This means that driving up levels of innovation and entrepreneurship will be critical.
We will invest in creating a culture of creativity, enterprise and innovation throughout every sector – public, private and non-profit – and in every area of life.
We will support the creation of Industrial Innovation Clusters each with a designated lead body to develop Industrial Transformation Roadmaps.
We will create a National Innovation Body, replacing the Innovation Advisory Council for Wales and the Chief Science Adviser’s Council to become the pre-eminent body to lead and coordinate the Welsh innovation system, focused on our economic, environmental, and societal priorities. We will set the ambitious goal of raising business investment in R&D every year until it reaches the UK average and increase Wales’ share of UK public R&D funding.