1 00:00:05,360 --> 00:00:08,660 So a question from Rob, from falling from the floor. 2 00:00:08,660 --> 00:00:17,270 So you talked about the frozen subsystem boundaries in aerospace decades without disruption has persistent government subsidy of their home country. 3 00:00:17,270 --> 00:00:29,510 Aerospace companies contributed to the big freeze. So I think I mean, the difficulty in aerospace is the distance from the original ideas. 4 00:00:29,510 --> 00:00:35,000 To bring it into products is so large, so you can't do that without subsidy. 5 00:00:35,000 --> 00:00:42,950 It's not. It's not the same as doing a tech start-up in your back bedroom, you know, so you've got to do some form of subsidies. 6 00:00:42,950 --> 00:00:48,620 I think what is attractive governments is gearing up and funding gearing. 7 00:00:48,620 --> 00:00:52,340 And so if I might, my knowledge is the British government. 8 00:00:52,340 --> 00:00:54,500 They they require 50 percent gearing. 9 00:00:54,500 --> 00:01:03,560 Now, as soon as you do that, the companies who can provide the gearing get the funding from government and that does bias it towards the status quo. 10 00:01:03,560 --> 00:01:09,110 It does. It does. But I do think it's important to fund these the aerospace sector. 11 00:01:09,110 --> 00:01:14,960 If you don't, then you won't have an aerospace sector nicer much now. 12 00:01:14,960 --> 00:01:16,640 So the other thing is that we've heard, I mean, 13 00:01:16,640 --> 00:01:24,020 the last few days and we know from the press there's a lot of significant policy developments, both here in the UK and in the US and the US. 14 00:01:24,020 --> 00:01:29,630 They passed this this U.S. Innovation Competition Act decisions being made about how to spend huge amounts of money 15 00:01:29,630 --> 00:01:34,880 on science technology in the UK about to publish the innovation strategy and confront some major spending review. 16 00:01:34,880 --> 00:01:38,150 So I guess just to end the Q&A because we don't have much time. 17 00:01:38,150 --> 00:01:42,380 What's the one thing you would advise governments to kind of in times what one thing could they do in 18 00:01:42,380 --> 00:01:50,630 the near term to help unlock our ability to to do more in this to better mobilise the partnership? 19 00:01:50,630 --> 00:01:56,810 So I'll start first with Dalton and with Rob. That's that's a great question. 20 00:01:56,810 --> 00:01:58,190 Thomas, 21 00:01:58,190 --> 00:02:08,450 I happened to be on tickers at the President Council of Science of Advisors on Science and Technology when we essentially advised the government, 22 00:02:08,450 --> 00:02:14,270 select your priorities and invest money in those priorities. Make sure that it's good and fast. 23 00:02:14,270 --> 00:02:21,320 It's executed in agile manner and not the usual government type of undertaking. 24 00:02:21,320 --> 00:02:28,670 When it takes a year to select, it takes in about a year to even allocate the money in three years to get some results. 25 00:02:28,670 --> 00:02:33,830 We did emphasise agility, and I think Rob was talking about it very nicely, 26 00:02:33,830 --> 00:02:41,030 breaking the silence and focussing on agility and less regulatory matters related to research. 27 00:02:41,030 --> 00:02:46,820 I think what we see in the U.S. government spent spending spending agencies of Fed 28 00:02:46,820 --> 00:02:51,380 research supporting agencies is a little bit to regulation and too much regulation, 29 00:02:51,380 --> 00:02:57,770 very, very long process from the submission of proposals to the allocation of money. 30 00:02:57,770 --> 00:03:05,210 So this has the collapse, and I will not again emphasise that everybody which I discuss at the very beginning, 31 00:03:05,210 --> 00:03:07,880 very briefly, this was in the making for a number of years. 32 00:03:07,880 --> 00:03:17,090 So this is really, really a high time for us to have this organisation and fully launch and deploy because if our goal is successful, 33 00:03:17,090 --> 00:03:23,030 we all will be successful because we all know and it has been emphasised by a number of speakers how important it is to 34 00:03:23,030 --> 00:03:32,780 bring the multidisciplinary communities together and actually work on those giant huge problems facing the society. 35 00:03:32,780 --> 00:03:37,160 And Rob, last word on this. OK, so focus is key. 36 00:03:37,160 --> 00:03:44,330 Resources are limited, and the real problem is, is government prepared to have good taste? 37 00:03:44,330 --> 00:03:48,710 You know, you've you you if you go through it, if you try and spread it thinly, 38 00:03:48,710 --> 00:03:55,250 if you try and go through peer review, you're going to go for relatively low risk projects. 39 00:03:55,250 --> 00:04:02,280 You cannot have much impact. So you've got to you've got you've got to who are you going to trust to tonight, that good taste. 40 00:04:02,280 --> 00:04:09,620 And I think that is the key challenge. Once the money's given, you need to be clear about objectives. 41 00:04:09,620 --> 00:04:16,190 You've got to be prepared to cut projects that they're not working, but you've got to take your hands off deliverable and miles. 42 00:04:16,190 --> 00:04:23,750 As I go on about, we'll just fix you on one path and that that will doom a project to failure. 43 00:04:23,750 --> 00:04:27,440 Great. Well, thank you very much by both of you for the really interesting keynotes. 44 00:04:27,440 --> 00:04:35,285 I think that really helped set up the discussions in the breakouts.