This document discusses innovations that could help address challenges facing the UK, including economic issues from the recession and longer term trends like an aging population and climate change. It proposes four types of innovations that could help: versatile technologies applicable to multiple problems, parsimonious technologies that use resources efficiently, decentralized technologies empowering individuals and communities, and purposive innovations aimed at social and environmental goals rather than just profits. The document calls for using the recession as an opportunity to pursue these kinds of innovations and guide technological progress toward creating a better society and world.