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Hi-tech start-ups in the US receive up to 10 times as much government funding as their struggling British counterparts, according to a study by academics at Cambridge University. As Tony Blair flies to California to meet Silicon Valley entrepreneurs this weekend, the report from the Centre for Business Research argues the US is far ahead of Britain in using public procurement contracts to nurture innovation. The study’s author, David Connell, examines Washington’s Small Business Innovation Research programme.

Read the full article [theguardian.com]