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Fostering innovation in the blue economy within the United Kingdom (UK): A stakeholders’ perspective

Kontovas, C, Armada Bras, AM, Chang, C-H, Romano, A, Poo, MC-P, Wang, J, McCormack, H, Qu, Z, Paraskevadakis, D, Lamb, LE and Yang, Z (2022) Fostering innovation in the blue economy within the United Kingdom (UK): A stakeholders’ perspective. Ocean and Coastal Management, 224 (106143). ISSN 0964-5691

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In a 2019 European Commission report, the Blue Economy (BE) within the United Kingdom (UK) represented 22% of the European Union's (EU) BE Gross Value Added (GVA) at approximately €39 billion. Coupled with the clear value of the BE to the UK, there is an urgent need to innovate and develop technologies to decarbonise and advance the sector. A deeper understanding of the current position for multiple stakeholders must be considered before any major governmental or long-term strategy decisions can be made. This paper presents the perspective of academic, industrial and governmental stakeholders analysis of how the UK can move forward with developing innovations within the BE. Utilising a questionnaire and round table discussions, specialists from all stakeholders gave their opinions on industry-academia-governmental working relationships and technology transfer readiness. Reasonably high satisfaction was found with key aspects that enable a successful collaborative project between academia and industry towards technology commercialisation; however, there is still room for improvement. This paper offers an analysis of how to further enhance and foster technology development within the UK BE. A collaborative approach is proposed to ensure best practices, and a ‘triple helix’ (TH) collaboration strategy to be used as a tool for those engaging in these types of working relationships. Future directions on enhancing technology transfer innovation within the UK BE are also suggested.

Item Type: Article
Uncontrolled Keywords: 04 Earth Sciences; 05 Environmental Sciences; 16 Studies in Human Society; Fisheries
Subjects: H Social Sciences > HF Commerce > HF5001 Business
H Social Sciences > HB Economic Theory
S Agriculture > SH Aquaculture. Fisheries. Angling
T Technology > T Technology (General)
Divisions: Civil Engineering & Built Environment
Doctoral Management Studies (from Sep 19)
Publisher: Elsevier
SWORD Depositor: A Symplectic
Date Deposited: 27 Apr 2022 10:55
Last Modified: 27 Apr 2022 10:55
DOI or ID number: 10.1016/j.ocecoaman.2022.106143
URI: https://researchonline.ljmu.ac.uk/id/eprint/16717
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