Job Opening: New heroes required! Northern Ireland needs new Entrepreneurs and Innovators
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Job Opening: New heroes required! Northern Ireland needs new Entrepreneurs and Innovators 12 th September 2013 Steve Orr, Director, NISP CONNECT
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Job Opening: New heroes required! Northern Ireland needs new Entrepreneurs and Innovators. 12 th September 2013 Steve Orr, Director, NISP CONNECT. Introduction Steve Orr Entrepreneur NISP CONNECT. New Company Creation Process. Professional & Strategic Partners. Capital Providers. - PowerPoint PPT Presentation
Transcript of Job Opening: New heroes required! Northern Ireland needs new Entrepreneurs and Innovators
Job Opening: New heroes required!
Northern Ireland needs new Entrepreneurs and Innovators
12th September 2013
Steve Orr, Director, NISP CONNECT
Introduction
Steve Orr
Entrepreneur
NISP CONNECT
Professional & Strategic Partners
Capital Providers
New Company Creation Process
The Burning Floor
Norman Apsley
Note jobs only lost in lowest value and oldest products; where is the strategy to build on highest added value sets and noise reduction technology?
We need to create new products that people around the world want to buy
“You need to prioritise the creation of new innovative companies”
New Approach to Economic Development for Innovation*
Old Industrial Age
Macroeconomics:
Infrastructure.
Labour.
Land.
Capital.
New Knowledge Age
Microeconomics:
Ideas.
Capital.
Talent.
Business-led independent collaboration with academia
and government.
*Hwang & Horowitt 2012 “The Rainforest: How to build the next silicon valley”
NISP CONNECT Vision
The transformation of Northern Ireland into one of the most entrepreneurial knowledge
economies in Europe by 2030.
The transformation of Northern Ireland into one of the most entrepreneurial knowledge
economies in Europe by 2030.
What will
Look like?
Knowledge Economy Baseline
Baseline 2009
Target 2030
Knowledge economy – Total employees 30,600
Number of innovation businesses 2,100
New innovative start up companies required annually
200
Venture capital invested annually £12M
Total expenditure on R&D £500M
Science and technology grads 57,300
Knowledge Economy Baseline
Baseline 2009
Target 2030
Knowledge economy – Total employees 30,600 71,250
Number of innovation businesses 2,100 7,000
New innovative start up companies required annually
200 500
Venture capital invested annually £12M £90m
Total expenditure on R&D £500M £1,050m
Science and technology grads 57,300 71,250
The 2030 Result
An additional £5 billion
GVA per annumwith companies anchored in NI
(Oxford Economics 2012)
WHAT’S STOPPING US?
Analysis & Methodology
#IdeaFest
KEI Conference
VisionTargets
Blockers
Tiger Teams:BlockersSolutions
100+
Participants
70+ participant
Expert Group Workshops
Ben Bland
Maybe worth justifying the process:– Community participation.– The robust value of crowdsourced intelligence: (I have some great high-level info on this, from Hwang/Horriwitt, McKinsey, and others).
THE BLOCKERS
(what’s holding us back?)
Understanding the BlockersRisk Capital
NI’s current model of risk capital intervention is too small in scale and ineffective in operation to achieve the 2030 KEI investment targets.
Talent
We need stronger management teams to form and grow start up companies
and…
There is a mismatch between demand required to grow innovative companies and supply of key talent disciplines.
Culture
We need our kids to aspire to be successful in the knowledge economy, not the professions
and…
We must foster a culture where businesses collaborate to compete.
Ben Bland
Too late to change perhaps but somewhere in the process, the Talent and Culture Blockers became needs/objectives, not blockers.
Solution – CultureBusiness-Led
To be explored further:
1. Brand the tech lifestyle & sell differently to 11, 16, 22 yr old and parents, principals, etc.
Generation Innovation expansion?
2. Foster innovation
3. Foster collaboration
Public Policy
Political leadership:
1. Adopt the KEI targets.
2. Raise the status of the entrepreneur and the innovator.
3. Make NI the best place to live. More: Irish Open Golf, MTV, G8…
Generation Innovation vision
By 2020 the majority of kids will aspire to a career in ‘the knowledge economy’
Your responsibility
Careers teachers and parents are the most important people
Influencing the direction of our young people
Clinical Research Associate
Chief Financial Officer
Venture Capitalist
Intellectual Property Lawyer
Angel Investor
Director of Scientific affairs
Corporate Investor Marketing
Business Analyst
TrainingAccounting
Founder
Director of Real Estate
Public Relations
Quality AssuranceManagement Consultant
Graphic Design
Chief Executive
Product Development
Sales Director
Supply Chain Management
Regulatory AffairsWeb development
Account ExecutiveVice President of Engineering
Software Development
Aspirations and Dreams
Accountancy
Law
Medicine
Aspirations and Dreams
Accountancy
Law
Medicine
Change the world
“Put a dent in the universe”
Steve Jobs
1955 – 2011
What you can do
• Generation Innovation: nominate now!
www.generationinnovation.co.uk
• Speakers at careers or prize dayswww.founders4schools.org.uk
• Steer young people towards technical careers or non-technical careers
Thank you
