Investing in innovation supports the economy, as Olivier highlights: “Innovative businesses thrive. If you can increase the amount of thriving businesses with employees who pay tax, it will help grow the economy. That’s one of the reasons we’re focused on upskilling and supporting innovators.”
But the world has changed rapidly in recent years. Many are feeling the economic strain. As the public sector budget takes a battering, this raises further questions for the research and development industry.
“I just hope that we don’t just see a massive cut in the spending that goes into research, development and innovation,” says Olivier. “While that can solve short-term problems of cash flow, it’s really not setting you up to emerge from a recession to thrive in the next boom.“
This is part one of our chat with the so-cool-we-get-nervous-around-him Olivier Usher. There are a few bits we didn’t cover here, so you won’t regret listening to the full discussion. And stay tuned for part two!