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A clause in a Commission initiative aimed at encouraging technology transfer between public and private sectors of the economy sparked criticism this week.

More than 20 years ago Steve Currall came to the UK doing a masters at the LSE. Now the American innovation professor is running a UCL department from a brand-new £11 million building.

The Internet has unleashed waves of innovation – from online banking to virtual drug discovery. But it has also spawned the rise of organised cybercrime.