The Technology Strategy Board is an executive non-departmental public body (NDPB), established by the UK Government in 2007 and sponsored by the Department for Business, Innovation and Skills (BIS). The Technology Strategy Board is the UK’s national innovation agency. Their goal is to accelerate economic growth by stimulating and supporting businessled innovation. They seek to understand business, and ensure that their people come mainly from business. They work right across government, business and the research community - removing the barriers to innovation, bringing organisations together to focus on opportunities, and investing in the development of new technology-based products and services for future markets. The Technology Strategy Board main role is to stimulate technology-enabled innovation in the areas, which offer the greatest scope for boosting UK growth and productivity. They promote, support and invest in technology research, development and commercialisation. They spread knowledge, bringing people together to solve problems or make new advances. They advise Government on how to remove barriers to innovation and accelerate the exploitation of new technologies. In addition, they work in areas where there is a clear potential business benefit, helping today's emerging technologies become the growth sectors of tomorrow. The activities of the Technology Strategy Board are jointly supported and funded by BIS and other government departments, the devolved administrations, regional development agencies and research councils. The vision of the Technology Strategy Board is for the UK to be a global leader in innovation and a magnet for innovative businesses, where technology is applied rapidly, effectively and sustainably to create wealth and enhance quality of life.

Source: Technology Strategy Board