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Taking ‘bold’ bets: new UK agency prepares to fund breakthrough technologies

Head of Advanced Research and Invention Agency tells FT it has appointed directors charged with selecting projects

A new UK government agency set up to transform science by supporting high-risk, high-reward research is emerging from stealth mode with the aim of achieving a “world changing impact”, according to its chief executive.

Ilan Gur outlined ambitious plans for the £800mn UK Advanced Research and Invention Agency (Aria), which is seeking to invest in breakthrough technologies in fields from artificial intelligence and computing to neuroscience and materials science.

In the first interview since his appointment to Aria, Gur told the Financial Times that much of the agency’s success or failure would depend on its eight newly appointed programme directors who will select and fund projects. They will each have a budget of about £50mn.

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