The Conservative Party has decided to appoint Sir James Dyson as the head of its tech task force in a move aimed at furthering UK’s position as a leading exporter of technology-based products and services.
The party believes that the task force can come up with a strategy to improve UK’s export competitiveness in the hi-tech sector besides getting more private equity investment in to the technology sector.
Sir James, who is famous for his popular vacuum cleaner brand that bears his name, Dyson, expressed his views on the subject by saying that Brits "need to reawaken our innate creativity and competitive spirit."
He further added that "we nurture the next generation of scientists and engineers then Britain can become Europe's hi-tech capital".
It is interesting to note that in US, nearly 39 percent of all private equity investment goes into start-up firms while the same figure for Britain stands at a paltry four percent, which significantly hampers the growth of new companies.
Many analysts believe that a concerted effort needs to be made in Britain to improve investments in its technology sector and this initiative from the Conservative Party may encourage many others to act in this regard.
Sir James Dyson vs Martha Lane Fox AND Sir Alan Sugar; the conservatives and the labour party are sharpening their knives and asking technology personalities like Dyson to take sides, which, to be fair is not very productive. Let's hope that once the elections are over next year, the entire technology community will stand united.