Alan Dix Snip!t: PraxisUnico - Commercialising research - Sky News: Jeff Randall interview with Dr Martin Knight, Imperial Innovations

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Snip summary	Jeff Randall: Here in Britain we’re very good at comin... but not very good at turning them into money-making busi... that? Martin Knight: I think it’s because we underfund early ... PraxisUnico - Commercialising research - Sky News: Jeff Randall interview with Dr Martin Knight, Imperial Innovations http://www.praxisunico.org.uk/news/sector-detail.asp?ItemID=627

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Jeff Randall: Here in Britain we’re very good at coming up with the ideas but not very good at turning them into money-making businesses. Why is that?

Martin Knight: I think it’s because we underfund early stage opportunities. Early stage opportunities need three things: 1) Great ideas 2) Great management and 3) Adequate capital and historically, in this country, we’ve funded early stage companies with too little capital. So we’ve got inadequate management which produces underperfomance and therefore it’s very difficult to raise further capital.

HTML	<p>Jeff Randall: Here in Britain we’re very good at coming up with the ideas but not very good at turning them into money-making businesses.  Why is that?</p><p>Martin Knight: I think it’s because we underfund early stage opportunities.  Early stage opportunities need three things: 1) Great ideas 2) Great management and 3) Adequate capital and historically, in this country, we’ve funded early stage companies with too little capital.  So we’ve got inadequate management which produces underperfomance and therefore it’s very difficult to raise further capital.</p>

HTML

<p>Jeff Randall: Here in Britain we’re very good at coming up with the ideas but not very good at turning them into money-making businesses.  Why is that?</p><p>Martin Knight: I think it’s because we underfund early stage opportunities.  Early stage opportunities need three things: 1) Great ideas 2) Great management and 3) Adequate capital and historically, in this country, we’ve funded early stage companies with too little capital.  So we’ve got inadequate management which produces underperfomance and therefore it’s very difficult to raise further capital.</p>

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