Sir Hossein, founder and former CEO of Imagination Technologies Group plc, will chair an organization, which comes into being on May 10, with a renewed and broader mandate to support UK technology companies, lobby government, enable finance and foster startups.
With Brexit about to break such links as there are between UK technology activity and the numerous well-funded collaborative research programmes in the European Union it could be argued that such a move is imperative to try and keep established UK companies from losing significance and to foster a next generation of technology-based successes.
To achieve these goals a powerful board of directors has been recruited including Simon Segars, CEO of ARM Ltd.; Stan Boland CEO of startup FiveAI; and Luke Ibbetson, chief engineer at Vodafone. The board also reflects an increased interest in venture capital and helping UK to turn engineering excellence into commercial gain with members Hermann Hauser, of Amadeus Capital; Tim Luke of Barclays Capital; and Mike Risman – Vitruvian Partners. TechWorks will be led by chief executive Derek Boyd in the same role he held at NMI.
Whereas the NMI, founded in the 1990s, served as a trade association for the UK's electronics and semiconductor industries, Techworks will have a broader brief that includes software and systems and extends into multiple application sectors, the organization said.
This is a process that has already started at NMI with the creation of the Internet of Things Security Foundation (IOTSF) and the Automotive Engineering Systems Innovation Network (AESIN).
TechWorks will be an umbrella organization arching over IoTSF and AESIN and the long-standing NMI Design and Manufacturing communities, with more self-directing, deep-tech bodies to follow. These include Power Electronics UK and communities to develop in such areas as Artificial Intelligence (AI) and Machine Learning (ML).
Next: Avoid Brexit-Techxit