By the Editor – The author argues why a UK Defence Advanced Research Projects Agency needs US-style venture capital. The UK is suffering from a fundamental crisis in innovation, whereas it is increasingly clear China is leveraging its politico-economic system for defence innovation. Since the end of the Cold War, the UK has failed to do so. Introduction For a UK Advanced Research Projects Agency to succeed it will require an innovation ecosystem which, unlike its US equivalent, has yet to be created in the UK. US DARPA has succeeded in large part because it exists within a system that creates…
