It seems that British companies are great at coming up with innovations - but not at commercialising them.

TechcrunchUK is reporting that a key piece of technology in the Apple iPhone was invented by a researcher at BT - but BT have never really used the innovation themselves.

This seems to happen time and again. The LASER was invented in the UK but commercialised in the US, the Liquid Crystal Display was the same.

The boffins are great at hiding away in a lab and creating something amazing - but then the idea just seems to die, getting killed off by the corporate bureaucracy.

Is there a way to change this?