In an introduction to the blueprint, published last month, prime minister David Cameron said the UK was "proud of a number of world-class technology leaders".
Cameron cited chip firm ARM, which "has been a great success story, with their technology powering 95 percent of the world’s mobile handsets". He also praised software firm Autonomy, "a firm which grew out of Cambridge’s engineering labs, developed from a two-person start-up to a $7 billion business in just 13 years".
He said the blueprint was important because there was a "need to develop an attractive environment for start-up technology firms which can match the best in the world, so that the next Google or Facebook will be based in the UK". He added: "That is why we need to build the right conditions now to get ahead of our competitors and to attract venture capital investment and entrepreneurial talent."
David Clarke, chief executive at the BCS, said the UK has "a pool of raw talent and a history of producing bright and entrepreneurial individuals", who could benefit from the plans. He warned that "turning talent into home-grown business success has faced cultural and structural barriers".
"The government has the opportunity to change and influence both, and a great deal to gain," he said.
The Institute said it welcomed the government's plan for Technology Innovation Centres. Clarke said: “We believe clusters in general can play an important role in enhancing levels of innovation. Clustering of activity can increase levels of knowledge exchange, the availability of skilled labour, and validation of business ideas/prototypes, all vital for innovation to prosper.”