"The white paper acts as a good foundation for a new partnership with industry where Government and business can ensure consistency in policy thinking and implementation to ensure the United Kingdom is world leader in these new technologies".
According to the document, Britain aims to increase spending on research and development from the current 1.7 per cent to 2.4 per cent of GDP within a decade.
Laura Cohen, chief executive of the British Ceramic Federation, said the lobby group was "disappointed not to see clearer proposals to benefit United Kingdom competitiveness on energy for ceramics and other energy intensives industries".
The investment was announced as part of the government's long-awaited Industrial Strategy created to prepare the economy for Brexit.
It aims to make the United Kingdom the most innovative nation by 2030 with £725million of investment over the next three years, on top of £1billion already announced to "transform" industries.
CBI chief Carolyn Fairbairn cautioned: "Today's announcement must be the beginning of a strategic race, not a tactical sprint".
The views were expressed after the Government unveiled its long-awaited Industrial Strategy which it said would tackle the UK's poor productivity, embrace technological change and boost wages.
"We support Government's ambition to become the world's most innovative country by 2030 and its commitment to transformative technologies like artificial intelligence".
PM Theresa May said the Strategy would provide a blueprint for businesses to deliver a "stronger and fairer economy far years to come".
Manny Pacquiao vs Conor McGregor could take place in 2108
Australian promoter Dean Lonergan recently tried to push the idea of a McGregor vs Pacquiao bout. We aren't far removed from a time that Mayweather-Pacquiao was the biggest fight ever.
Nuclear and offshore wind will still be in the centre of the country's low-carbon energy policy, as the government pledges to pursue further opportunities for clean heating and potential uses of hydrogen.
"In this Industrial Strategy we set out how we will maintain and enhance these and other strengths and deploy them to our advantage".
Merck (MSD) has announced plans to establish a state of the art life sciences discovery research facility in London, focussed on early bioscience discovery and entrepreneurial innovation.
He added: "We have a thriving research and science base and are home to a wide range of innovative sectors, from advanced manufacturing and life sciences, to fintech and creative industries".
Maddalaine Ansell, University Alliance chief executive, said: "It is particularly welcome that today's White Paper signals a more strategic role for the Office for Students in identifying the future skills needs of the United Kingdom economy".
The facility is meant to become the new location for MSD's United Kingdom headquarters. And German diagnostics expert Qiagen will spend billions on a campus in Manchester to lead work on genomics, creating 800 jobs.
The uplift will help transform the United Kingdom economy and drive a long-term change in the use of R&D by industry, ensuring that the next generation of innovative technologies that create high-skilled jobs, revolutionise productivity and improve living standards, are produced in Britain.
The white paper follows extensive engagement by government with industry, academia and business bodies who submitted nearly 2,000 responses to the green paper consultation earlier in 2017. Two of the five "foundations" of Clark's strategy are people and places, and of the four "grand challenges" two are our ageing society and clean growth.
Each Grand Challenge represents an open invitation to business, academia and civil society to work and engage with the government to innovate, develop new technologies and develop strategies to seize these global opportunities.