Indicators of the Innovation: The case of the United Kingdom

Abstract

The purpose of this paper is to describe and identify key performance indicators of the innovation program landscape in the United Kingdom (UK). The identification will focus on the four categories: policy, culture, economy, and industry, and each category will use four indicators for a total 16 indicators. The nature of this research is mainly qualitative. This investigation uses one semi-structured interview based in the UK, combined with an examination of organizational documents. The research findings indicated high ratings for indicators in all four categories of culture, policy, economy, industry, averaging 90%, 90%, 90%, and 100%, respectively. The authors believe that this paper presents added value to the current literature and for practitioners of innovation programs, including governments, policy makers, funded organizations, and strategic institutions.

Keywords: Innovation, technology commercialization, entrepreneurship, incubators, economic growth.