Driving Innovation
Concept to Commercialisation
A strategy for business innovation, 2011-2015
David BottDirector of Innovation Programmes
Mark Glover12th January 2011
Driving Innovation
In case you see one lying around!
Driving Innovation
What is the problem we are addressing?• Business investment is too low and too late
• Technical and financial risks need to be mitigated• The time for financial return is too long for many players
• Innovation disrupts value chains and business models• New partnerships are required to build new supply chains• Investment and innovation is required at multiple points
• Longer term trends not visible to all players• Impact and opportunities from emerging technologies & policies
• Innovation infrastructure complex and inefficient• Fragmented and difficult to navigate• Sub-national picture changing and less money available overall
Driving Innovation
Focus on five areas• Accelerating the journey between concept and
commercialisation– Understand the business journey and accelerate it– Provide a coherent package of support – matched to needs– Specific SME package – but recognise role of larger companies– Promote knowledge exchange
• Connecting the innovation landscape• Turning government action into business opportunity• Investing in priority areas based on potential• Continuously improving our capability
Driving Innovation 2014/15
High Value Manufacturing
Digital Services
Sustainability
Energy Generation and
Supply
Built Environment
Transport HealthcareFood Supply D
evelopment
Knowledge Transfer Networks
Technology and Innovation
Centres
Knowledge Transfer Partnerships
Advanced Materials Biosciences Electronics, Photonics and Electrical Systems
Information and Communications Technology
Grant for Research and Development
Driving Innovation
Demonstrator Projects• Low Carbon Vehicle Demonstrator – 340 cars on the road
drive by “real” people• Retrofit for the Future – 118 social homes converted to
designs which promised 80% cuts in carbon dioxide emissions• ICtomorrow – a “walled garden” in cyberspace to explore
new applications and business models• DALLAS – 30,000 to 50,000 older adults testing most
innovative products and systems
Driving Innovation
Technology and Innovation Centres
Business-focused centres that make world-leading technical capability available to businesses to solve their technical challenges
Provides -
•Access to world-leading technology & expertise
•Reach into the knowledge base for world-leading science
•Capability to undertake collaborative R&D projects and contract research with business
•Strongly business focused with a professional delivery ethos
•Critical mass of activity creating a focal point
•Skills development at all levels
Driving Innovation
Tech City LaunchPad
New delivery mechanism • 2 minute video first stage• Publically available for comment• Rapid turn-round second stage• 50% funding offered “up front”
–Up to £100k per proposal• …with 12 months to match• Funders forum – August 11th
Driving Innovation
Tech City LaunchPad
• 221 proposals submitted– >80% new to Technology Strategy Board– >90% younger than 5 years and less than 10 people– 50% within “Tech City” area– 60% single company, 40% collaborations
• 41 judged by assessors to be of high quality
Driving Innovation
10
Driving Innovation
So?• The Technology Strategy Board was set up to support
UK economic growth• It has used a variety of tools to support UK base
companies to be more innovative• We are moving to support smaller and earlier stage
companies that we have previously properly engaged with
• We are also developing new support mechanisms that will provide more effective support – and that would benefit from us working together
Driving Innovation
And we’re accessible….
http://www.innovateuk.orge: [email protected]: +44 7802 788435tw: david_bottbl: http://www.innovateuk.org/newsevents/blog.ashxli: http://www.linkedin.com/pub/david-bott/29/77/65asl: innovato charmansk: davidbott3
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