UK Seeks to Fast Track AI, Drone Innovation With New Office
- Office will speed up approvals for tech in space, health care
- Plan comes ahead of major investment conference next week
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The UK is opening an office to speed up approvals of novel technologies, including drones and pest-resistant crops, as part of plan to improve the business climate ahead of a major government investment summit.
The new body, called the Regulatory Innovation Office, is designed to reduce the time entrepreneurs wait to get inventions to market and streamline the regulatory hurdles they must deal with, the UK Department for Science, Innovation and Technology said in a statement on Tuesday.