- Indro Mukerjee appointed as new CEO of Innovate UK, the federal government’s innovation company
- he will likely be tasked with creating the UK’s innovation functionality, and driving investments in analysis and improvement (R&D) and applied sciences of the longer term
- the new appointment underlines efforts by UK authorities to harness business-led innovation to assist construct again higher from the pandemic
Business Secretary Kwasi Kwarteng has as we speak (Wednesday 5 May 2021) introduced the appointment of Indro Mukerjee as the new Chief Executive of Innovate UK, the UK’s innovation company.
Indro Mukerjee is a extremely skilled know-how govt and enterprise chief with a monitor report of main innovation and know-how commercialisation at companies of all sizes internationally – from publicly listed and multinational firms to new enterprise and personal fairness backed know-how firms.
Mukerjee will take up the put up instantly and will likely be tasked with transitioning Innovate UK from a grant funding physique to an company targeted on driving financial progress by working with firms to de-risk, allow and help innovation, whereas unleashing non-public sector funding into analysis and improvement. As a part of this, he’ll develop and implement methods for investments that promote the UK as a world chief in R&D and applied sciences of the longer term, whereas cementing the UK’s place as a world science superpower.
Business Secretary Kwasi Kwarteng stated:
I need innovation to be on the coronary heart of our efforts to construct again higher, and to attain this we want robust management from skilled innovators, with enterprise know-how, who will help unleash the UK’s huge scientific and technological potential.
Along along with his ardour for science and know-how, Indro boasts spectacular credentials having labored on the prime tier of companies of all sizes and throughout completely different industries. I look ahead to working carefully with him on the helm of Innovate UK, which will likely be a vital car in accelerating business-led innovation and know-how, driving financial progress, creating high-value jobs and cementing the UK’s standing as a science superpower.
I additionally need to take this chance to pay tribute to Indro’s predecessor Ian Campbell, who has left a unbelievable legacy on the organisation to construct upon within the years forward.
Innovate UK CEO Indro Mukerjee stated:
Throughout my profession, I’ve had a powerful private ardour for the journey from scientific discovery by to innovation and finally commercialisation of know-how. I’ve seen that journey at first hand throughout many settings, industries, nations and sorts of enterprise. I’ll use this expertise as I lead Innovate UK and work with the Secretary of State to ship the federal government’s innovation technique.
The appointment comes at a time when innovation is being recognised as a key driver of the UK’s post-pandemic progress technique, with Innovate UK set to play a strategically necessary position and construct nearer connections with trade.
Since 2007, Innovate UK has invested round £2.5 billion to assist companies throughout the nation to innovate, with match funding from the non-public sector taking the whole worth of initiatives above £4.3 billion.
The company has additionally helped 8,500 organisations create round 70,000 jobs and added an estimated £18 billion of worth to the UK economic system.
Mukerjee will play an necessary position in guaranteeing the federal government’s fulfils its dedication to extend R&D spend throughout the economic system to 2.4% GDP by 2027.
Chief Executive of UK Research and Innovation Professor Dame Ottoline Leyser stated:
Indro’s huge expertise and experience working in know-how and trade will likely be an actual asset for Innovate UK and UKRI as an entire. Innovation issues greater than ever earlier than, and I look ahead to working carefully with him to ship our imaginative and prescient of a flourishing analysis and innovation system.
The appointment was authorised by the Secretary of State for BEIS following a complete and open recruitment course of.
Indro Mukerjee is an skilled CEO with board-level management expertise in publicly listed, company multinational, new enterprise and personal fairness backed fast-moving know-how and industrial firms.
Previously CEO of Watchstone Group plc – introduced in by establishments to stabilise and reshape a high-profile firm working in insurance coverage, telematics and healthcare software program and providers; Plastic Logic plc – restructured main enterprise capital-backed disruptive electronics firm and created FlexEnable Ltd. spin out; C-MAC MicroTechnology Ltd. – non-public fairness backed LBO from which he constructed and offered three profitable excessive know-how firms working in aerospace/defence, automotive and communications markets.
Indro’s predominant company management expertise was primarily based within the Netherlands with Philips (now NXP) Semiconductors BV, the place he held a number of world board positions, together with Executive Vice President – Global Marketing & Sales, Chief Marketing Officer and CEO of the Automotive and Contactless ID/Smart Card Businesses. Most of his time was spent in Asia and the US.
His earlier profession included being Commercial Director throughout the management workforce which took VideoLogic (now Imagination Technologies) by an IPO, as effectively as senior administration positions inside Hitachi’s European semiconductor division.
Indro has a powerful private curiosity within the improvement of abilities for trade and getting the most effective expertise pipeline developed. He co-founded the UK Electronics Skills Foundation, which has developed into an modern and profitable partnership between trade and academia encouraging shiny, younger college students to develop careers within the UK digital techniques trade.
He additionally served on the SEMTA (now Enginuity) board for 9 years, the place he was additionally chairman of the committee managing their funding fund.
Indro has a level in Engineering Science from Oxford University, is a graduate of the Wharton Advanced Management Program and speaks a number of European languages.
About Innovate UK
Innovate UK is a part of UK Research and Innovation, a non-departmental public physique funded by a grant-in-aid from the UK authorities. It drives productiveness and financial progress by supporting companies to develop and realise the potential of new concepts, together with these from the UK’s world-class analysis base.