It’s no secret that funding for innovation in Wales look precarious.
As a country we are reliant on EU funds, in particular EU structural funding, without a long-term guarantee from the UK government that this funding will be replaced.
Even where some positive noises have been made there is significant disquiet that this will come with significant strings attached. Some commentators have gone as far to suggest this is tantamount to rolling back some of the momentum around devolution.