Parallels Between the Future for MedTech and Agri-Tech, Perspectives Drawing on the British Experience

Grzegorczyk, Malgorzata; Lotfian, Pantea and Nuttall, William J. (2021). Parallels Between the Future for MedTech and Agri-Tech, Perspectives Drawing on the British Experience. In: Koukios, Emmanuel and Sacio-Szymanska, Anna eds. Bio#Futures Foreseeing and Exploring the Bioeconomy. Switzerland: Springer, pp. 229–247.

DOI: https://doi.org/10.1007/978-3-030-64969-2_11

Abstract

In this chapter we explore the future for innovation in two related, but distinct, sectors. We consider the linkages between medical technology(MedTech) and agricultural technology (Agri-Tech) innovation in the UK. We ask and discuss questions: Who are the key actors in the innovation systems of Medtech and Agri-Tech in the UK? What are the core technologies driving the current waves of innovation in these two sectors? Can one industry learn from the other? Where is the scope for cooperation and synergies? We notice that both sectors are technologically linked through foundational technologies underpinning the majority of the observed innovation e.g. big data, AI, IoT and robotics. The outputs of these technologies rely crucially on digital data for insight and decision support. However, Agri-Tech benefits from less complex stakeholder issues regarding data security and privacy. Both sectors are important to the UK going forwards, and both will be exposed to Brexit and the consequences of the COVID pandemic. Our discussion on the future of innovation should be of particular interest to start-up leaders, entrepreneurs, investors, managers and policy-makers in MedTech, Agri-Tech and cognate sectors.

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