Ploughshare’s TAG Alliance grows to 19 members as defence spin-outs accelerate
Ploughshare’s Technology and Growth (TAG) Alliance is gaining momentum less than a year after being announced, with at least three new defence technology spin-outs expected by the end of the year and ...
The TAG Alliance, a technology and growth partnership established by the UK Ministry of Defence in 2005, has expanded to include 19 members. Established as Ploughshare, the alliance has facilitated the creation of 16 spin-out companies and now hosts Babcock, Frazer-Nash Consultancy, and the UK Research and Innovation (UKRI) among its ranks.
Three new defence technology spin-outs are anticipated by year-end, further bolstering the alliance's influence. The TAG Alliance aims to maximize the impact of billions invested in defence science and technology, foster collaboration among government, industry, and academia, and unlock new markets for proven technologies. With over 140 technologies brought to market, the alliance is poised to create jobs, generate economic and societal benefits, particularly in regions where it sees significant potential.
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