The P³’s innovation and R&D system

Ritchie recently told us that tax breaks for R&D are a terrible thing. Instead the money should be given out as grants. Because only in that manner can the bureaucracy guide development rather than that terror of people trying things out for themselves:

“It sounds like a case of the left hand not knowing what the right is doing. Millions of pounds of public funds, for example through Innovate UK, have gone towards the development of insect-based food. Yet, the Food Standards Agency (FSA) is now hindering its very development,” she said.

How very sensible the P³ is. After all, don’t we all want our tax money being spent on edible insects?

5 thoughts on “The P³’s innovation and R&D system”

  1. There was a shop in Exmouth Market, Clerkenwell, sold edible insects. The go-to place for your chocolate covered honey ants & crickets pickled in balsamic vinegar. Clerkenwell innit? Nevertheless, didn’t last long.

  2. One does incline to the feeling that such innovators should be transferred to the long pig program.

    Though I suppose they’d taste lousy.

  3. I’ve been quite close to this business recently. It’s less about people munching on crickets and more about supplying sustainable and (eventually) cheap protein concentrates, of which there is currently a global shortage, to the animal and fish feed markets. It won’t be niche for much longer and I’m convinced that anyone who invests now is going to be feeling rather smug in 5 years time.

  4. Should imagine the vegans will go into paroxysms. Several hundred little innocent lives lost with every mouthful.

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