Advanced Research and Innovation Agency Debate
Full Debate: Read Full DebateBaroness McIntosh of Pickering
Main Page: Baroness McIntosh of Pickering (Conservative - Life peer)Department Debates - View all Baroness McIntosh of Pickering's debates with the Department for Science, Innovation & Technology
(1 year, 4 months ago)
Lords ChamberI very much accept the thrust of the noble Lord’s point, which is that nationally we perhaps have more of a tendency to invent than to commercialise. As much as anything else, ARIA is in place to help address that.
My Lords, what is the potential relationship between ARIA and the Pioneer programme, which as we heard yesterday might replace Horizon if there is no agreement with the EU?
Whether we reassociate to Horizon or go down the Pioneer alternative, ARIA is designed to be complementary to those programmes. It has a higher tolerance of risk and seeks more long-shot opportunities, one advantage of that being that rapid lessons learned can quickly be transmitted to organisations with a necessarily lower tolerance of risk, thereby allowing everybody to benefit from its learnings.