Former government minister Lord Willetts spoke of a ‘lack of depth of understanding’ among UK investors ALAMYPromising UK biotech companies are being forced to list on Nasdaq because British investors are not savvy enough to understand their ground-breaking technology, a former government minister has warned. Lord (David) Willetts, who was minister for universities and science under David Cameron, said a “lack of depth of understanding” made UK investors wary of innovative science. “Conversations with potential investors in the UK start with elementary questions about the science and what the company does,” said Willetts, now executive chairman of the Resolution Foundation think tank. “In the US, however, you’re more likely to be talking to someone who has a doctorate in the subject.”Willetts said youngsters giving up science at the age of 16 were partly to blame for City investors’ “lower levels…

Source: The Times October 14, 2017 23:05 UTC