Investment in intangibles or ‘knowledge assets’ (KAs), examples of which include intellectual property (IP), software, R&D, data, know-how, business processes, expertise and other intellectual resources, is fundamental to the successful delivery of government’s objectives and can bring significant social, economic and financial benefits.
The knowledge assets work is led out of a HMT team which is working to set the framework for public bodies to manage their knowledge assets so that government policies and decisions think about the knowledge assets they are generating and have access to the relevant expertise to support the management of these assets. To date we have published our report at Budget 2018, which made several recommendations on improving the management of knowledge assets in government.
The team has been working on delivering the recommendations set out in the report, including in the Budget 2020 document, when we announced plans to establish a new unit and fund to unlock more value from public sector knowledge assets.
This blog has been created to:
- provide a place to provide updates on the knowledge assets work within government
- share examples of knowledge assets and tech transfer maximising social, economic and financial value, which can be from our staff as well as staff from other public bodies
- enable a discussion around the blog content, allowing stakeholders and the public to comment, discuss and ask questions of this work
Another recommendation from our 2018 report was to set up a network to support the public sector in maximising their knowledge assets. We are currently setting this network up to provide a forum to share best practice, receive the latest policy updates, and join-up across central government, public sector research establishments and wider public sector. To sign-up or receive more information on this please email: firstname.lastname@example.org.