UK Motorsport Cross Sector Horizontal Innovation
Many assume that innovations born from motorsport's challenging and competitive environment only have value within the sport. But as Motorsport Industry Association (MIA) CEO Chris Aylett has outlined, this would be wrong.
"In recent years, UK motorsport businesses have substantially increased sales in 'cross sector horizontal innovation'", he says. "It's important for the future of motorsport to engage automotive, defence, marine, aerospace, medical sectors and others too.
"The capabilities demanded by engineering customers in motorsport are really quite unique, and are proving to be valuable, attractive assets to other sectors, he continues. "With many new solutions needed fast in automotive powertrains, for example, the time is right the capabilities of motorsport to come to the fore. Horizontal innovation taking technologies across to other sectors is great news for the financial success of motorsport. The sport is seasonal, so new work from other sectors spreads income throughout the year."