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There is one simple science policy issue that has united the main political parties over the past three decades: how to squeeze more profit out of Britain’s world-class science … So it comes as a surprise to see the chronic policy blunders identified by a recent report from the University of Cambridge. Cambridge is seen as a beacon of how to innovate and has spawned new sectors of industry in printing technology, semiconductors, wireless technology, software and scientific instruments, for example. Exploding the Myths of UK Innovation Policy argues from the example of Cambridge that government thinking has been heavily influenced by three myths.