The Annual Innovation Report outlines progress made on innovation to help transform public services and ensure UK businesses benefit from the £175billion spent annually through Government procurement.
Innovation is seen as vital for the UK to emerge stronger from the economic downturn.
Launched at a Downing Street reception attended by the Prime Minister, Innovation, Universities and Skills Secretary, John Denham, and Science and Innovation Minister, Lord Drayson, the Report draws together information and data against which the UK's future progress will be judged.