Technology transfer is increasingly important to the strengthening of national defence and economic performance, the CEO of The Defence Science and Technology Laboratory’s (Dstl) spin-out, Ploughshare Innovations, has confirmed.
Against an uncertain economic backdrop and tightening global defence budgets, companies supplying the sector have had to get creative in order to drive business growth. Boosting the development of transferable technologies – which can be utilised for both defence and civil industry needs – has been one of the most successful ways of doing so.
Spearheading this trend is Ploughshare Innovations, which manages the commercial licensing of technology created by Dstl - a key Government organisation focused on S&T in the defence and security field. Pete Hotton, Chief Executive Officer of Ploughshare, explains how organisations can benefit from transferable technology, and in turn, the impact it can have on economic growth.