a world without borders – innovation, entrepreneurship and

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A World Without Borders A World Without Borders Innovation, Entrepreneurship Innovation, Entrepreneurship and Creative Financing in practice and Creative Financing in practice to sustain to sustain Economic Growth Economic Growth Professor Alan Professor Alan Barrell Barrell Entrepreneur in Residence Entrepreneur in Residence Centre for Centre for Entrepreneurial Learning Judge Business School Cambridge, Xiamen Entrepreneurial Learning Judge Business School Cambridge, Xiamen University Fujian, China University Fujian, China and and Laurea Laurea University of Applied Sciences University of Applied Sciences Helsinki. Chairman NHS Innovation Council Helsinki. Chairman NHS Innovation Council East England East England UECJB – Cambridge Academic Programme May 2012 And the importance of Regions and And the importance of Regions and Regional impacts on National and Regional impacts on National and World Economic Development with World Economic Development with reflections on Current Global Financial reflections on Current Global Financial Issues Issues

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Page 1: A World Without Borders – Innovation, Entrepreneurship and

A World Without Borders A World Without Borders –– Innovation, Entrepreneurship Innovation, Entrepreneurship and Creative Financing in practice and Creative Financing in practice –– to sustain to sustain

Economic GrowthEconomic Growth

Professor AlanProfessor Alan Barrell Barrell –– Entrepreneur in Residence Entrepreneur in Residence –– Centre for Centre for Entrepreneurial Learning Judge Business School Cambridge, XiamenEntrepreneurial Learning Judge Business School Cambridge, Xiamen

University Fujian, ChinaUniversity Fujian, China and and LaureaLaurea University of Applied Sciences University of Applied Sciences Helsinki. Chairman NHS Innovation Council Helsinki. Chairman NHS Innovation Council –– East EnglandEast England

UECJB – Cambridge Academic Programme

May 2012

And the importance of Regions and And the importance of Regions and Regional impacts on National and Regional impacts on National and

World Economic Development with World Economic Development with reflections on Current Global Financial reflections on Current Global Financial

IssuesIssues

Page 2: A World Without Borders – Innovation, Entrepreneurship and

ChinaChina--UK UK –– WELCOME !!WELCOME !!

Connecting across Continents Connecting across Continents –– creating a World Without creating a World Without Borders Borders –– with ENTREPRENEURSHIPwith ENTREPRENEURSHIP

Page 3: A World Without Borders – Innovation, Entrepreneurship and
Page 4: A World Without Borders – Innovation, Entrepreneurship and

Happy New Year of the DRAGON !Happy New Year of the DRAGON !

Page 5: A World Without Borders – Innovation, Entrepreneurship and

My favourite University CampusMy favourite University Campus……..

After Cambridge After Cambridge –– Xiamen is a Xiamen is a ““second home|second home|””

Page 6: A World Without Borders – Innovation, Entrepreneurship and

Hero and great Hero and great BenefactorBenefactor

The World The World needs more needs more like him to like him to

face the face the challenges of challenges of

the future the future Mr Tan Mr Tan KahKah KeeKee

Page 7: A World Without Borders – Innovation, Entrepreneurship and

Kings College Kings College –– Trinity and Trinity and ““all thatall that”” –– A A medieval city. A great University. Cambridge my medieval city. A great University. Cambridge my

No. 1 !No. 1 !

Page 8: A World Without Borders – Innovation, Entrepreneurship and

A PreviewA Preview••Our World Today Our World Today –– Economic, Social and Economic, Social and

Business ContextBusiness Context

••What it means for UK and the West in GeneralWhat it means for UK and the West in General

••Looking ahead Looking ahead –– Exploiting the Future Exploiting the Future –– UK and UK and China China -- Globalisation Globalisation –– Innovation, Enterprise, Innovation, Enterprise,

Entrepreneurship Entrepreneurship

••Partnerships Partnerships vsvs Competition Competition –– and perhapsand perhaps

““CoCo--opetitionopetition””

International Finance, Currency International Finance, Currency –– Yuan, $ and Yuan, $ and EurozoneEurozone –– Financing GrowthFinancing Growth

Promoting beliefs in Promoting beliefs in ““Open InnovationOpen Innovation”” ““A World Without A World Without Borders and Education Without BordersBorders and Education Without Borders””

Emphasising the Emphasising the Entrepreneurial ImperativeEntrepreneurial Imperative

Page 9: A World Without Borders – Innovation, Entrepreneurship and

Meet RufusMeet Rufus His first day of His first day of life beyond life beyond

mothermother

Page 10: A World Without Borders – Innovation, Entrepreneurship and

My Family My Family before before RufusRufus……..

Rufus in this picture is hidden inside the Rufus in this picture is hidden inside the lady with the green toplady with the green top

Page 11: A World Without Borders – Innovation, Entrepreneurship and

A World of OPPORTUNITYA World of OPPORTUNITY

Can be A WORLD WITHOUT Can be A WORLD WITHOUT BORDERSBORDERS

Education Education Without Without BordersBorders

Business Business Without BordersWithout Borders

Page 12: A World Without Borders – Innovation, Entrepreneurship and

Does our Does our ““Eye on the WorldEye on the World”” see much see much change?....change?....Is our perception of this Is our perception of this changechange

driving enough innovation and change in preparing the next driving enough innovation and change in preparing the next generationgeneration……..?? What is changing between East and West ?..?? What is changing between East and West ?

Page 13: A World Without Borders – Innovation, Entrepreneurship and

Intermediaries – 4th DimensionThe way we view the World – Southern China seen from Cambridge

Page 14: A World Without Borders – Innovation, Entrepreneurship and

Cambridge seen from Southern China

Page 15: A World Without Borders – Innovation, Entrepreneurship and

Global Dynamics Global Dynamics –– Our World Today and Tomorrow Our World Today and Tomorrow –– Context Context for Our Future for Our Future –––– The bigger pictureThe bigger picture

•• Two fifths of the Worlds people live in Two fifths of the Worlds people live in the two fastest growing large the two fastest growing large economies economies –– China and India China and India

•• Education, Wealth Creation and New Education, Wealth Creation and New Knowledge are at the heart of Knowledge are at the heart of Economic Planning in AsiaEconomic Planning in Asia

•• Growth in Asia is far ahead of Growth in Asia is far ahead of Europe.Europe.

•• Dynamic Growth in Manufacturing Dynamic Growth in Manufacturing BaseBase

•• CASH is in place in the Asian CASH is in place in the Asian economies economies –– as well as brainpoweras well as brainpower--China has US$ 3.2 Trillions of China has US$ 3.2 Trillions of reservesreserves

•• Labour and Material cost advantages Labour and Material cost advantages ++++++++++

•• Asia and The Americas Asia and The Americas –– power and power and influenceinfluence……..

•• Europe and the Europe and the EurozoneEurozone –– What What next ?........next ?........

Page 16: A World Without Borders – Innovation, Entrepreneurship and

The Changing Horizon

EnvironmentIssues

The death ofdeference

New employmentpatterns

Organisations

Globalisation

Technology

Page 17: A World Without Borders – Innovation, Entrepreneurship and

Sources of CompetitivenessSources of Competitiveness

Creativity Risk

Speed Reputation

Cost Values

Learning Information

Page 18: A World Without Borders – Innovation, Entrepreneurship and

4 billions new 4 billions new world citizens on world citizens on the way the way -- living living longer longer –– not all not all

healthierhealthier…….7 billion .7 billion of us alreadyof us already

3 millions of 3 millions of the babies the babies

born in UK in born in UK in 2010 will live 2010 will live 100 years or 100 years or

moremore

The Dilemma The Dilemma –– Living Longer Living Longer ––Health Care BudgetsHealth Care Budgets

Page 19: A World Without Borders – Innovation, Entrepreneurship and

28 Nations in 28 Nations in AfricaAfrica

Africa will be Africa will be the first the first

Continent to Continent to have 2 billions have 2 billions

populationpopulationThere are losers There are losers as well as as well as winnerswinners

Page 20: A World Without Borders – Innovation, Entrepreneurship and

Seismic Shifts in power from West to East Seismic Shifts in power from West to East ––North to South North to South –– implications for world Cultureimplications for world Culture

Page 21: A World Without Borders – Innovation, Entrepreneurship and

Poor old Europe Poor old Europe –– more than a bit deflated !more than a bit deflated !Uncertain times Uncertain times ……..??..??

Page 22: A World Without Borders – Innovation, Entrepreneurship and

Looking at Looking at todaystodays BIG WORLD BIG WORLD -- And the balance And the balance of trade and power in the world has changedof trade and power in the world has changed

Page 23: A World Without Borders – Innovation, Entrepreneurship and

Some Economic Indicators – How are key Countries doing?

• Can the trend continue?• What if China pulls out of US $ - moving its reserves?• Do the Trade Balance differences matter? – India and China?

- 679 + 3.5+ 3.9USA

+ 86+ 1.0+ 2.1Euro Area

- 49+ 0.1+ 2.9Britain

130- 25+ 8.0+ 8.6India

3.5 Trillion And growing!

+158+ 8.9+ 9.5China

Foreign ReservesUS $ Bn

Trade BalanceUS $ Bn

Ind. Prod. %GDP % Change

Page 24: A World Without Borders – Innovation, Entrepreneurship and

Serious thoughts Serious thoughts needed about needed about

ChinaChina

From Ancient From Ancient History and Past History and Past Greatness Greatness –– to to

TomorrowTomorrow’’ssWorldWorld

440 million people 440 million people lifted from poverty in lifted from poverty in

last two decadeslast two decades

Page 25: A World Without Borders – Innovation, Entrepreneurship and

““To get rich is To get rich is GLORIOUSGLORIOUS””

Deng Xiaoping 1978

Who said Capitalism was bad ? Not this manWho said Capitalism was bad ? Not this man

Not all he did is Not all he did is considered good by all considered good by all ––

but his impact on the but his impact on the Chinese Economy and Chinese Economy and

Society and the World has Society and the World has been profoundbeen profound

Page 26: A World Without Borders – Innovation, Entrepreneurship and

ChinaChina’’s Provinces s Provinces –– Prediction for 2020 Prediction for 2020 –– Provinces GDPs Provinces GDPs will equal many Nations will equal many Nations

Page 27: A World Without Borders – Innovation, Entrepreneurship and

The Phenomenon of Ancient China The Phenomenon of Ancient China –– Creativity and Inventiveness Creativity and Inventiveness –– somesome of of the Inventions. Is China entering a new the Inventions. Is China entering a new ““Age of Invention and InnovationAge of Invention and Innovation””??

• The first lamps• Magnetic Compass• The Camera• Gunpowder• Paper for writing• Printing• Iron and Steel Smelting• Copper and Bronze ware• Oil Drilling and Production• Coal Mining• Pottery and Porcelain• Wine making and tea and tea culture• Early Astronomy• Sericulture – gave us Silk• Seismography• Traditional Medicine and Anaesthetics• Acupunture• Vaccination against Smallpox• The Hot Air Balloon• The Soushi Calendar• Decimal and Binary Mathematics

Page 28: A World Without Borders – Innovation, Entrepreneurship and

1919thth Century Entrepreneur Century Entrepreneur –– Zhang Zhang ZhidongZhidong

China never China never ““sleptslept”” ““Adhere to our Chinese Adhere to our Chinese principals of philosophy principals of philosophy and life and life –– but learn from but learn from the Westthe West””

Page 29: A World Without Borders – Innovation, Entrepreneurship and

The great Chinese Navigator and ExplorerThe great Chinese Navigator and Explorer

Page 30: A World Without Borders – Innovation, Entrepreneurship and

Lets put MODERN CHINA into our picture and context….Some of China’s Achievements

• Compound growth of GDP at 9% since 1995, 2nd largest economy in the world

• One of top 10 trading nations • The most popular FDI destination• The largest mobile phone market • The second largest PC market • The third largest advertising market• An “opportunity market” for Western Goods – in 2010 – 20%

of all the World’s growth occurred in China• But uses 50% of the Worlds coal• Cash Reserves – US$ 3.65 Trillions

Page 31: A World Without Borders – Innovation, Entrepreneurship and
Page 32: A World Without Borders – Innovation, Entrepreneurship and
Page 33: A World Without Borders – Innovation, Entrepreneurship and

Changes in Industrial Structure - UK% of Total Employment - UK Government Foresight Report 2001

0102030405060708090

100

1971 1981 1991 2001 2011

Manufacturing

All Services

And And –– trends in Europe and the Westtrends in Europe and the West……..

Page 34: A World Without Borders – Innovation, Entrepreneurship and

Changes in Industrial Structure - Europe% of Total Employment

0102030405060708090

100

1971 1981 1991 2001 2011

Manufacturing

All Services

Page 35: A World Without Borders – Innovation, Entrepreneurship and

Manufacturing has Manufacturing has Migrated !Migrated !

Page 36: A World Without Borders – Innovation, Entrepreneurship and

The WestThe West’’s Competition ??s Competition ??

Courtesy of Asia Pacific Foundation

Page 37: A World Without Borders – Innovation, Entrepreneurship and

“Today’s peacock is tomorrow’s feather duster”Message for Western industry – and some Economies

Page 38: A World Without Borders – Innovation, Entrepreneurship and

Considering all thisConsidering all this…….For the West, including UK do .For the West, including UK do we see we see

Crisis?....Crisis?....oror

危机We have choicesWe have choices…….the world will be .the world will be what we make itwhat we make it…….Opportunities to .Opportunities to grow international businessesgrow international businesses……..

Opportunity !!

Page 39: A World Without Borders – Innovation, Entrepreneurship and

Show Me the Money $$$$!Show Me the Money $$$$!

Financing Growth Financing Growth –– and New Business and New Business GenerationGeneration

Booms and Busts Booms and Busts –– Venture Capital Venture Capital Adventures Adventures

The Challenges of Currency The Challenges of Currency Management and Dangers of the Management and Dangers of the

EurozoneEurozone

Managing Economies and Enterprises in Uncertain Times

Page 40: A World Without Borders – Innovation, Entrepreneurship and

Are recent financial crises something new ?Who said these words and When

“I believe the banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered”

Thomas Jefferson, 1778

Page 41: A World Without Borders – Innovation, Entrepreneurship and

And what about these…

“The budget should be balanced, the Treasury should be replenished, Public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed, lest our Nation become bankrupt. People must again learn to work, instead of living on public assistance”

Marcus Tullius Cicero, 55 BC

Page 42: A World Without Borders – Innovation, Entrepreneurship and

When a market “BOOMS” - Venture Capital Investments in E-Commerce (U.S.A.) “When Greed overcame Fear”

0

100

200

300

400

500

600

94 95 96 97 98 99

Num

ber

of C

ompa

nies

Number of Companies Total Invested

Source: Venture Economics

Netscape IPONetscape IPO33rdrd largest inlargest inNasdaqNasdaq HistoryHistory

Amazon.com IPOAmazon.com IPO

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

Tota

l Inv

este

d ($

mill

ion)

Page 43: A World Without Borders – Innovation, Entrepreneurship and

1990 1995 2000 1990 1995 2000 2005 2010 2005 2010

ExpectationsExpectations

WWW InventedWWW Invented

NetscapeNetscape

Amazon.comAmazon.com

Christmas 1999Christmas 1999

Christmas 1998Christmas 1998

EE--tailerstailers shakeout beginsshakeout begins

Internet inInternet inevery businessevery business

Investor disillusionmentInvestor disillusionment

Business disappointmentBusiness disappointment

Robust eRobust e--businessesbusinessessurvive & thrivesurvive & thrive

PioneerPioneer investorsinvestors

LateLateInvestorsInvestors

Early investorsEarly investors

But….Boom can lead to BUST- valuation implications?“Return of Fear….” “Down Rounds”

....Discuss….

R&DR&D MarketingMarketing ProfitabilityProfitability Cash FlowCash Flow

Peak ofPeak ofIrrationalIrrational

ExpectationsExpectations

Bygrave; GartnerGroup, 11/99

IPO FeverIPO Fever

RationalRationalExpectationsExpectations

Page 44: A World Without Borders – Innovation, Entrepreneurship and

A Search for Fair Value – see any Science here?

£ - - - -£130 million

Feb 2000Just2clicks

£52 million£212 million

June 2000Orchestream

£54 million£571 million

March 2000

Lastminute.Com.

£231 million

£1.2 billionApril 2000Bookham

1 Year OnValue atissue

Issue date

Page 45: A World Without Borders – Innovation, Entrepreneurship and

The Early Stage Business Balance The Early Stage Business Balance –– what do what do investors look for and see? When investors look for and see? When ““valuingvaluing”” ??

The role of Chairman and NXDs

Inspired Leadership

Enthusiasm

BullshitCourage

OptimismVision

Creativity

Management

Research & Analysis

Caution

Process

Financial Control

Market Knowledge

Page 46: A World Without Borders – Innovation, Entrepreneurship and

Sources Of Business FinanceSources Of Business Finance

Maturity

Ris

k

“Our Money”“Our Money”

Family and FriendsFamily and Friends

Business AngelsBusiness Angels

Early Stage VCEarly Stage VC

Expansion CapitalExpansion Capital

BANK

FINANCE

??

Seed FundsSeed Funds

Pre-IPOPre-IPO

China and other Eastern Nations growing role in China and other Eastern Nations growing role in International Finance and support for Economic Growth International Finance and support for Economic Growth

at homeat home

Page 47: A World Without Borders – Innovation, Entrepreneurship and

Time to think about CurrencyTime to think about Currency…….Is there a .Is there a ““currency currency warwar”” ? or do we see a natural evolution and transition ?? or do we see a natural evolution and transition ?

Page 48: A World Without Borders – Innovation, Entrepreneurship and

And in EuropeAnd in Europe…….Life or Death of the Euro ?.Life or Death of the Euro ?

Profound implications for the World Economy and Profound implications for the World Economy and Banking Systems Banking Systems –– an age of uncertaintyan age of uncertainty

Page 49: A World Without Borders – Innovation, Entrepreneurship and

Will Greece leave the Will Greece leave the EurozoneEurozone??

What will be the impact of Greece defaulting on debts ?What will be the impact of Greece defaulting on debts ?

Page 50: A World Without Borders – Innovation, Entrepreneurship and

And Spain may be the next in line for And Spain may be the next in line for major major ““EurotraumaEurotrauma””

Can Can ““meltdownmeltdown”” be avoided ?be avoided ?

Page 51: A World Without Borders – Innovation, Entrepreneurship and

UK not in UK not in EurozoneEurozone –– but but ££ Sterling and UK Sterling and UK Economy under threat from Economy under threat from EurozoneEurozone collapsecollapse

Page 52: A World Without Borders – Innovation, Entrepreneurship and

Will the Euro and the Will the Euro and the EurozoneEurozone survive?survive?

Some are predicting Some are predicting ““The United States of EuropeThe United States of Europe”” as as the answerthe answer

Page 53: A World Without Borders – Innovation, Entrepreneurship and

The US $ still the WorldThe US $ still the World’’s benchmark s benchmark currencycurrency

But for how much longer ?...........But for how much longer ?...........

Page 54: A World Without Borders – Innovation, Entrepreneurship and

Will the Will the RenminbiRenminbi be the be the New Dollar ?New Dollar ?

The importance of Chinese Monetary Policy and the The importance of Chinese Monetary Policy and the Global Currency Reserve SystemGlobal Currency Reserve System

Page 55: A World Without Borders – Innovation, Entrepreneurship and

No question about the importance of the No question about the importance of the RenminbiRenminbi

Page 56: A World Without Borders – Innovation, Entrepreneurship and

What about Banks and Banking?What about Banks and Banking?Another high risk areaAnother high risk area

Debt Crisis Debt Crisis –– Bad Bad debtsdebts…………..

Property bubbles Property bubbles and mortgage and mortgage

problemsproblems…….Banking .Banking in disarray.in disarray.

Greed and Fear Greed and Fear factorsfactors……..

Page 57: A World Without Borders – Innovation, Entrepreneurship and

Looking at Looking at positivepositive factorsfactors

危机Inspiration from Entrepreneurs and Inspiration from Entrepreneurs and those who have changed the World those who have changed the World

for the better.for the better.

Opportunity !!notnot

Crisis

Page 58: A World Without Borders – Innovation, Entrepreneurship and

Where does the West need to focus Where does the West need to focus –– to maintain a changing to maintain a changing but competitive position in the World Economy ?but competitive position in the World Economy ? Advice from Advice from

a great mana great man……..

IMAGINATION !IMAGINATION !

Page 59: A World Without Borders – Innovation, Entrepreneurship and

Einstein on IMAGINATIONEinstein on IMAGINATION……..

““Imagination is more important than Imagination is more important than knowledge. Knowledge is limited. knowledge. Knowledge is limited. Imagination encircles the worldImagination encircles the world””

Albert Einstein 1879 Albert Einstein 1879 –– 19551955

Page 60: A World Without Borders – Innovation, Entrepreneurship and

Insanity: doing the same thing over and over again and expecting different results.

Albert Einstein

7

Breaking the old moulds Breaking the old moulds ––Entrepreneurial thinking, Entrepreneurial thinking, Innovation and actionInnovation and action……..

And more good advice from And more good advice from AlbertAlbert……..

Good for the East as Good for the East as well as the West !well as the West !

Page 61: A World Without Borders – Innovation, Entrepreneurship and

Confucius and “imagining the middle way”….

The West can learn a lot from ChinaThe West can learn a lot from China……..

Page 62: A World Without Borders – Innovation, Entrepreneurship and

“You look at things and ask - why?

but I dream of things that never were and

ask -

George Bernard Shaw

why not?”

So – what IS it about Entrepreneurs?

LetLet’’s look at some great s look at some great examplesexamples……..

Page 63: A World Without Borders – Innovation, Entrepreneurship and

Bringing light to the World Bringing light to the World –– changing lives changing lives and creating Wealthand creating Wealth

Page 64: A World Without Borders – Innovation, Entrepreneurship and
Page 65: A World Without Borders – Innovation, Entrepreneurship and

Vision, Imagination and Invention become BIG Reality – only with perseverance and

converging knowledge and talents. Birth of the Electric Light Bulb 1929

Lewis Latimer Lewis Latimer –– the forgotten inventor of the filament the forgotten inventor of the filament –– key componentkey component

Page 66: A World Without Borders – Innovation, Entrepreneurship and

If at first you donIf at first you don’’t succeedt succeed……..trying again is the story ..trying again is the story of great inventions. Failure can be learning.of great inventions. Failure can be learning.

Page 67: A World Without Borders – Innovation, Entrepreneurship and

Jim Watson Jim Watson with with

Francis Francis Crick and Crick and

the Double the Double Helix ModelHelix Model

At The At The Cavendish Cavendish

LaboratoriesLaboratories

DNA Sequencing DNA Sequencing –– Discovery changed the WorldDiscovery changed the World

Page 68: A World Without Borders – Innovation, Entrepreneurship and

““Stay HungryStay Hungry” ““Stay FoolishStay Foolish””

Page 69: A World Without Borders – Innovation, Entrepreneurship and

An Entrepreneur who changed the world An Entrepreneur who changed the world –– in his lifetime and in his lifetime and changed our liveschanged our lives

Personal Personal ComputersComputers

Mobile phones/ Mobile phones/ smart phonessmart phones

Animation in Animation in filmsfilms

Digital PublishingDigital Publishing

Delivery of MusicDelivery of Music

Tablet ComputingTablet Computing

Page 70: A World Without Borders – Innovation, Entrepreneurship and

70

More Heroes who changed the World quite recently More Heroes who changed the World quite recently –– would you would you invest in this team ?invest in this team ?

Page 71: A World Without Borders – Innovation, Entrepreneurship and

YesYes-- appearances can be deceptiveappearances can be deceptive…….those who risked investing in them .those who risked investing in them made a lot of $$$$$$. And their ideas changed the World ! made a lot of $$$$$$. And their ideas changed the World ! Their time had Their time had

come !....Youth Brilliance at work in 1978come !....Youth Brilliance at work in 1978

Microsoft Corporation, 1978

Page 72: A World Without Borders – Innovation, Entrepreneurship and

And today we have all that And today we have all that TechnologyTechnology – and the Pace of Development –

Traffic in ONE Day in 2003 ….All international phone calls1971

All airline passengers1975

All mobile phones 1984

All emails1992

All SMS1998Source: Analysys, World Bank and ITU

Page 73: A World Without Borders – Innovation, Entrepreneurship and

The Internet has REVOLUTIONISED Product Development The Internet has REVOLUTIONISED Product Development and Innovation and changed ALL our lives in many ways. and Innovation and changed ALL our lives in many ways. Using Digital Technology to enhance business Using Digital Technology to enhance business praticespratices

Page 74: A World Without Borders – Innovation, Entrepreneurship and

11stst was was Mechanisation Mechanisation ––

weaving and weaving and textiles.textiles.

22ndnd –– Mass Mass Production and Production and

AutomationAutomation

Now the 3Now the 3rdrd ––The Digital The Digital

Manufacturing Manufacturing Revolution Revolution

3D Printing and 3D Printing and CustomizationCustomization

Page 75: A World Without Borders – Innovation, Entrepreneurship and

Research Development Commercialisation

Core Market Focus

Crossing Company Crossing Company BoundariesBoundaries

Products inProducts in--sourced sourced (e.g. Co(e.g. Co--branding)branding)

IP inIP in--licensinglicensing

IP outIP out--licensinglicensing

Technology Technology SpinSpin--outsouts

Ideas & Ideas & TechnologiesTechnologies

Docherty, M. (006), Primer on ‘Open Innovation’: Principles and Practice, pdma (Product Development and Management Association) Vision (April 006), pp.13‐17.

Chesbrough, H. (003), Open Innovation: The New Imperative for Creating and Profiting From Technology, Boston: Harvard Business School Press.

A model of A model of ‘‘open innovationopen innovation’’ –– making the most of making the most of TechnologyTechnology

Page 76: A World Without Borders – Innovation, Entrepreneurship and

Open Innovation: What do I think it is ? And Why is it a positive ?

•• What: What: –– Shift from soShift from so--called closed innovation processes towards open way of called closed innovation processes towards open way of

innovating innovating ((ChesbroughChesbrough: Open Innovation:The New Imperative for Creating & : Open Innovation:The New Imperative for Creating & Profiting from Technology)Profiting from Technology)

–– i.e. Creating innovative products and service through open collai.e. Creating innovative products and service through open collaborationboration–– Collaboration in sharing content, data, ownership for joint innCollaboration in sharing content, data, ownership for joint innovationovation–– Diverse teams: professionals, consumers, clients, communities, Diverse teams: professionals, consumers, clients, communities,

disciplines..disciplines..•• Why:Why:

–– Increased mobility of specialists Increased mobility of specialists -- knowledge now outside large research knowledge now outside large research labslabs

–– New knowledge flows between companiesNew knowledge flows between companies–– New opportunities for spinNew opportunities for spin--offs / new licensing agreementsoffs / new licensing agreements–– New and diverse innovation and supply chainNew and diverse innovation and supply chain–– Shift towards shorter research / production cycles in media induShift towards shorter research / production cycles in media industriesstries–– Rise of theRise of the consumer as co-creator (PPP)

Page 77: A World Without Borders – Innovation, Entrepreneurship and

Open Innovation: Benefits and Issues•• BenefitsBenefits

–– Far greater scale, frequency, innovation potential than closed pFar greater scale, frequency, innovation potential than closed processrocess–– Transcends and transforms fixed patterns and structures Transcends and transforms fixed patterns and structures –– Stimulates transfer of people, capital, goods, services, ideas, Stimulates transfer of people, capital, goods, services, ideas, knowledgeknowledge–– End product closer to user base End product closer to user base -- consumer as coconsumer as co--creatorcreator–– Move to develop new forms of shared Intellectual PropertyMove to develop new forms of shared Intellectual Property

•• IssuesIssues–– Need to identify trusted and dependable peers and partnersNeed to identify trusted and dependable peers and partners–– Need to transcend and transform fixed patterns and structureNeed to transcend and transform fixed patterns and structure–– Need to integrate different methodologiesNeed to integrate different methodologies–– Need to maintain own identity with Need to maintain own identity with shared ownershipshared ownership–– Need to maintain privacy and securityNeed to maintain privacy and security–– Need for practical examplesNeed for practical examples

Page 78: A World Without Borders – Innovation, Entrepreneurship and

Basic Science+Technology Applications

SustainabilityThe lifecycle of products:

waste / recyclingLand Use: economic &

environmental sustainabilityEnergy Futures: new sources and Mitigating Climate Change

HealthGene therapyProteomics (protein functions)Regenerative medicine (stem cells))Brain science: protective strategies

Untreatable infections drug culturesStratified Medicine – PersonalisedMedicine

ICTIntelligent Search Engines:

large data setsSelf regulating intelligent systemsPervasive computingCyber Trust: integrity & privacyKnowledge exploitation:

speeding innovationCreative Leisure:

interactive technology

Basic ScienceMaterials Sciences

Genetics /BiosciencesNanotechnology

Computing / InformationCross cutting technologies

ComponentsPolymers – light / conductivityPrint technologySustainable materials Housing / transport

DTI Government Foresight Report DTI Government Foresight Report --““Investing for InnovationInvesting for Innovation””

HiHi--techtech…… BioBio--techtech…… What next? Looking AheadWhat next? Looking Ahead

Page 79: A World Without Borders – Innovation, Entrepreneurship and

Quality of Life

Know

ledg

e ce

nter

s

Entrepreneurs

Role Models

Money

Capital Markets

InfrastructureClus

ter P

olic

y

International Cies

Networks

Government

““Cluster of Creativity for GrowthCluster of Creativity for Growth”” -- Open Innovation is at the heart of Open Innovation is at the heart of the growth of Technology Based Clusters the growth of Technology Based Clusters –– where we find Common where we find Common

Characteristics....Characteristics....

• Knowledge Centers• Entrepreneurs & Role Models• Money• Capital Markets• Infrastructure• Cluster Policy• Presence of International

Companies• Networks• Government• Quality of Life

MindsMinds without Borders – Global Global MindsetMindset…….and.and

Scale Scale –– Size Size –– Populations 0.5 Populations 0.5 –– 1 1 million commonmillion common

Page 80: A World Without Borders – Innovation, Entrepreneurship and

Today and The Future Today and The Future -- Three Converging Three Converging RevolutionsRevolutions

Three Pervasive Technology PlatformsThree Pervasive Technology Platforms

BIO TECHPharmaceuticals

DiagnosticsResearch/Info

ToolsIndustrial

GenomicsBioinformatics

Proteomics

INFO TECHHardwareSoftware

Communications

NANO TECHElectricalStructural

BiomedicalEnergy & Environment

BiosensorsBiochipsBioelectronics

MicrofluidicsNanobiotechnology

Drug Delivery

NanodevicesNanosensors

NanoelectronicsOpen Innovation Open Innovation

enablesenables……..Transfer of Transfer of

tacit tacit knowledgeknowledge

Page 81: A World Without Borders – Innovation, Entrepreneurship and

Proximity of Learning, Research and Practical Proximity of Learning, Research and Practical ApplicationApplication

““The Innovation CampusThe Innovation Campus””

R&D Education

Applications

Where open innovation, symbiosis, synergy, knowledge transfer, and new companies can thrive

Page 82: A World Without Borders – Innovation, Entrepreneurship and

Importance of intermingling

Page 83: A World Without Borders – Innovation, Entrepreneurship and

Silicon Valley Example....Most successful HiSilicon Valley Example....Most successful Hi--Tech Growth Tech Growth ClusterCluster

Page 84: A World Without Borders – Innovation, Entrepreneurship and

Frederick Frederick TermanTerman –– a forefather of Silicon Valley. Back to the a forefather of Silicon Valley. Back to the ““people factorpeople factor””. Encouragers and Enablers. Encouragers and Enablers

Page 85: A World Without Borders – Innovation, Entrepreneurship and

1938 1938 –– The birth of Hewlett PackardThe birth of Hewlett Packard

Page 86: A World Without Borders – Innovation, Entrepreneurship and
Page 87: A World Without Borders – Innovation, Entrepreneurship and

Cambridge and the Eastern Region Cambridge and the Eastern Region –– a a Transformation Transformation –– Regional ExampleRegional Example

Traditional IndustriesTraditional Industries

••Agriculture and FoodAgriculture and Food

••FishingFishing

••Leather goods Leather goods -- FootwearFootwear

••Wool and TextilesWool and Textiles

••6.5 million people 6.5 million people nownow

••Now Now One of One of UKsUKs fastest growing fastest growing regionsregions

••Traditional Industries dead, dying or Traditional Industries dead, dying or

gone awaygone away……..

Page 88: A World Without Borders – Innovation, Entrepreneurship and

Cambridge Ideas have changed the WorldCambridge Ideas have changed the World…….but regional economic .but regional economic development did not followdevelopment did not follow…….for centuries.for centuries

Ideas that Changed the World Ideas that Changed the World ––not not historically to the great benefit historically to the great benefit

of Cambridge, the Region or the of Cambridge, the Region or the NationNation……..

R&D alone doesnR&D alone doesn’’t create t create wealth or social good. wealth or social good. R&D is R&D is

NOT innovationNOT innovation

Page 89: A World Without Borders – Innovation, Entrepreneurship and

Ramsey Chatteris Littleport

Mildenhall

Bury St Edmunds

Haverhill

Saffron WaldenRoyston

St Neots

Huntingdon

HUNTINGDONSHIRE

SOUTH CAMBRIDGESHIRE

CAMBRIDGE

NORTH HERTFORDSHIRE(PART)

ST EDMUNDSBURY(PART)

FOREST HEATH(PART)

EAST CAMBRIDGESHIRE

FENLAND(PART)A1(M

)

A14

M11

A14

A10

A14

A11

A11

A10

UTTLESFORD(PART)

A10

A1

Things have changed Things have changed -- Greater Cambridge Partnership Area todayGreater Cambridge Partnership Area today––one of Europeone of Europe’’s fastest growing sub regionss fastest growing sub regions……..A Transformation into a Leading Region through Science based CluA Transformation into a Leading Region through Science based Cluster Start Upsster Start Ups

Population: 750,000Population: 750,000Jobs: 359,000Jobs: 359,000GVA: GVA: ££12.2bn12.2bn

Page 90: A World Without Borders – Innovation, Entrepreneurship and

The Greater Cambridge East of England Region NowSuper Sub-region – post 1960

Global ReachOne of Europe’s Innovation Capitals

Cambridge - the heart of Regional Growth

• University of Cambridge ranked No. 1 in Europe, No.4 in the world and Worldwide No 1 for R&D.

• International hub linked to finance and global markets• Region has 25% of ALL UK R&D – and only 10% of population• 50,000 Hi-Tech Jobs• 2,500+ hi-tech companies; 250 biotech companies• 30% of workforce employed in knowledge-based industries• 80% job growth – UK average 15%• European Union certified centre of excellence for innovation and hi-tech business

• Where Entrepreneurship has driven positive development• Where the Science based Cluster has brought GLOBAL success

Page 91: A World Without Borders – Innovation, Entrepreneurship and

Science and Innovation Parks Science and Innovation Parks –– Assets for participating in a Assets for participating in a World Without Borders World Without Borders –– Cambridge has made progress Cambridge has made progress ––

Platform for Global Growth and Wealth Creation.Platform for Global Growth and Wealth Creation.

More science parks than in any other UK location

• Babraham Bio-Incubator• Cambridge Research Park• Cambridge Science Park• Granta Park• Great Chesterford Research Park• Melbourn Science Park• St John’s Innovation Centre• Peterhouse Science Park

Tenants include:Kodak European Research Toshiba Research Europe Epson (UK) LtdPfizerAmgen Biosciences Napp PharmaceuticalsGenzyme Therapeutics Ltd Astra ZenecaGlaxoSmithKlineTakedaHitachiMicrosoft ResearchNokiaPhilips Medical Research

And more are planned And more are planned ––Hauser Forum opened Hauser Forum opened

2010 2010

Page 92: A World Without Borders – Innovation, Entrepreneurship and

“Brain Circulation and Knowledge Sharing Across Borders and Functions”

“Open Innovation Thinking” and Action to match

And Open Innovation brought Culture Change to CambridgeAnd Open Innovation brought Culture Change to Cambridge

Starting with MINDSET Starting with MINDSET –– Belief in Belief in ““A World Without BordersA World Without Borders””

Page 93: A World Without Borders – Innovation, Entrepreneurship and

• Combined headcount of technology providers currently exceeds 3,500 in UK• PA Technology employs up to 2,500 Worldwide• Combined direct and indirect revenues estimated at $1,5 billions – ? more• PA technology – Revenues $750millions+• Some players have seed funds• 70 identified spin-outs - highly successful incubator models

1960 1960 –– The The ““Columbus SpiritColumbus Spirit”” hits Cambridge hits Cambridge –– and a and a Cluster emerges Cluster emerges –– ““Open InnovationOpen Innovation”” in practice takes in practice takes

rootroot

The TechnologyPartnership

Scientific Generics Symbionics Team Consulting Plextek

P.A. Technology

Cambridge Consultants Ltd(1960)

Cambridge University

Page 94: A World Without Borders – Innovation, Entrepreneurship and

From 1960 From 1960 –– Birth of the Worlds largest Industrial Birth of the Worlds largest Industrial Ink Jet ClusterInk Jet Cluster

Elmjet Ltd

1986

LinxPrinting

Technologies1986

Support to Imaje (France) formed 1979

XaarPrinting

Technologies1990

Cambridge Consultants Ltdspin-out 1960

Cambridge University

Domino Printing

Sciences 1978

WillettInternational

Ltd1983

INCA Ltd

2000

• Total current revenues $2.0 billion +• Total headcount 4,000+• Major market share participation worldwide• Diaspora populates Ink Jet Industries in international locations• Ink Jet Cluster is enabling “Plastronics” Cluster. Revolution –

Plastic Logic – “E-Reader” – already raised $250 millions!

Page 95: A World Without Borders – Innovation, Entrepreneurship and

Cambridge

source: Cambridge 2020 report - 1998

The East of England RegionThe East of England Regionbecomes becomes ““Silicon FenSilicon Fen””

Page 96: A World Without Borders – Innovation, Entrepreneurship and

Key Components of Entrepreneurial Eco-system – Local start-ups and inward migration – as the Culture evolved

CambridgeUniversity

1960

1970

MRC Laboratory of

Molecular Biology

CADCentre

Sinclair Radionics

CCL

Barclays Bank

1980

Cambridge Interactive

System

Cambridge Science Park

Acorn

PA Technology

EiconResearch Ltd

Sinclair Research Ltd

1990

Analysys

Olivetti Research Laboratory

(acquired by AT&T in 1999)

Judge Business School

St. John Innovation

Centre

Scientific Generics

The Technology Partnership

TTP

Cambridge Research and Innovation Ltd (CRIL)

Institute of Biotechnology

CantabPharmaceuticals

Hitachi Cambridge Laboratory

Nickerson Biotech

Laboratory

Glaxo

2000

Toshiba Cambridge Research

Laboratory

Seiko Epson Research Lab

Unilever Cambridge Centre for Molecular Informatics Cambridge

NetworkInstitute of

Manufacturing

Amadeus Capital Partners

TTP Ventures

Microsoft Research (previously Entropic

Research)

Glaxo Institute of Applied

Pharmacology

BP

CfEL (previously CEC)

Cambridge Enterprise

CUE, Biology in Business

CMI

Avlar

ET Capital

Cambridge Gateway

3i Create Partners

Cambridge Angels

GEIF

Library House

Cambridge Capital Group

ERBI

PhilipsEPSON

The WellcomeTrust Sanger

Babraham Bioincubator

Cambridge Research Park

Granta Park

CHASE

Enterprise Link

Page 97: A World Without Borders – Innovation, Entrepreneurship and

The emergence of highThe emergence of high--technology clusters in technology clusters in Greater Cambridge Greater Cambridge –– The TransformationThe Transformation

1971 1981 1991 2001 The future?

ScientificInstruments

Nanomaterials

Drugs delivery

Sensors/actuators

Informatics

Instrumentation

Medical engineering

LEPs

Drug modelling

Bluetooth

Sentient computing

Telecoms

Industrial inkjet

Biosciences

Computing

Software

ScientificInstruments

Wirelesscommunications

Telecoms

Industrial inkjetComputing

BiosciencesSoftware

ScientificInstruments

Hi-tech 20,200 25,100 34,900 46,200jobs:

Computing

Software

ScientificInstruments

Industrial inkjet

1971 1981 1991 2001 The future?

ScientificInstruments

Nanomaterials

Drugs delivery

Sensors/actuators

Informatics

Instrumentation

Medical engineering

LEPs

Drug modelling

Bluetooth

Sentient computing

Telecoms

Industrial inkjet

Biosciences

Computing

Software

ScientificInstruments

Telecoms

Industrial inkjet

Biosciences

Computing

Software

ScientificInstruments

Wirelesscommunications

Telecoms

Industrial inkjetComputing

BiosciencesSoftware

ScientificInstruments

Wirelesscommunications

Telecoms

Industrial inkjetComputing

BiosciencesSoftware

ScientificInstruments

Hi-tech 20,200 25,100 34,900 46,200jobs:

Computing

Software

ScientificInstruments

Industrial inkjetComputing

Software

ScientificInstruments

Industrial inkjet

50,000

Page 98: A World Without Borders – Innovation, Entrepreneurship and

Science Parks and Science Parks and Innovation Centres Innovation Centres ––

Incubators Incubators –– within 20 Km within 20 Km of Cambridgeof Cambridge

Excellent Communication Excellent Communication Links Links –– road, rail and road, rail and

airportsairports

The Bioscience Cluster The Bioscience Cluster benefits from close benefits from close proximity of large proximity of large

Pharmaceutical CompaniesPharmaceutical Companies

Page 99: A World Without Borders – Innovation, Entrepreneurship and

Cambridge Science Park - Trinity College – Europe’s first - 1970

Page 100: A World Without Borders – Innovation, Entrepreneurship and

Open Innovation needs Provision of space to Open Innovation needs Provision of space to support serendipity, collaboration, networkingsupport serendipity, collaboration, networking

The Hauser Forum Cambridge

Page 101: A World Without Borders – Innovation, Entrepreneurship and

At the Heart of CambridgeAt the Heart of Cambridge–– Its Greatest Local Asset Its Greatest Local Asset -- A A Great University 800 Years Great University 800 Years YoungYoung

The University:• Formed by scholars who settled

in 1209• Has produced more Nobel

Laureates than any other university, and most nations ! 86 in total

• Has 16,500 full time students and 150,000 alumni worldwide

• Has 31 colleges, including 3 graduate colleges

• Outstanding Science and Technology Record

• Global Reach and ConnectionsAnd we have And we have Anglia RuskinAnglia Ruskin and and

nine other Excellent Universities in nine other Excellent Universities in the Region the Region –– more great assets!more great assets!

Page 102: A World Without Borders – Innovation, Entrepreneurship and

Judge Business School

Home of The Home of The Centre for Centre for

Entrepreneurial Entrepreneurial Learning Learning –– CfEL CfEL ––

Key Support Key Support Structure for Start Structure for Start

Ups.Ups.

Now delivering to Now delivering to Global MarketsGlobal Markets

Serving The University Serving The University –– Students and Staff, Students and Staff, Entrepreneurs, Industry and The Community. Entrepreneurs, Industry and The Community. Key unit in Knowledge Transfer and working Key unit in Knowledge Transfer and working

on the on the ““Mindset FactorsMindset Factors””

Helping create the Entrepreneurial EcosystemHelping create the Entrepreneurial Ecosystem

Working closely with Cambridge Enterprise Ltd – The University Technology Transfer Company and University Seed and Venture Funds

Page 103: A World Without Borders – Innovation, Entrepreneurship and

Collaboration between R&D and Collaboration between R&D and Technology Commercialisation Technology Commercialisation

Centres of Excellence Centres of Excellence –– jointly fundedjointly funded

International International Collaborations with Collaborations with TOP Partners is a TOP Partners is a

BIG PLUSBIG PLUS

Page 104: A World Without Borders – Innovation, Entrepreneurship and

Until 1985

1986-1990

1991-1995

1996-2000

2001-2002

CambridgeUniversity

AcornHermann

Hauser

Acquired by Olivetti

Olivetti Research Lab

Andy Hopper

Adaptive Broadband

Cambridge BroadbandAcquired by American Microwave

Acquired by Western Multiplex Corp

Andy HopperPeter Warton

IPV (TelemediaSystems)

Andy Hopper

Virata(ATML)

Hermann HauserAndy Hopper

Merged with Globespan

Acquired by AT &T

RealVNCVirtual Network

Computing Level5NetworkAndy Hopper

ANTAlex van SomerenNicko van Someren

nCipherAlex van SomerenNicko van Someren

NetchannelHermann HauserJack Lang

Acquired by NTL

ARMElement 14

Stan BolandSimon Knowles

Acquired by Broadcom

Amadeus Capital PartnersHermann Hauser

IQ Bio Hermann Hauser, Chris Keightley

Part of DAKO Diagnostics

DakoCytomation -Merged with Cytomation

Inc

CDT

Richard Friend

Richard Friend Plastic Logic

Analysys

David Cleevely

Cambridge Network

David Cleevely Hermann HauserAlec Broers

Cambridge 3G

David Cleevely

CPSPeter Duffett-Smith

PolightTechnologies

Stephen ElliottPavel Krecmer

ART

Daniel Hall

Pilgrim BeartActiveRF

Pilgrim BeartAntenova

Zeus Technology

Adam TwissDavid Reeves

Cambridge Semiconductor

Gehan AmaratungaFlorin Udrea

MuscatJohn SnyderMartin Porter Enterprise

AcceleratorJohn Snyder

John SnyderWebtop

SmartlogikAcquired by Dialog

Small World

Richard GreenAuthur Chance

Dick Newell

CADShape Data Charles Lang

Acquired by GE

TensailsRichard Green

VBN online

TerraPrise

Ubisense

Andy HopperSteve Pope

Andy HopperAndy WardPete Steggles

Simon ElliottDavid Cleevely

Electronic Share Information

Acquired by E* Trade

Hermann HauserJack LangTop

expressJack Lang

Splashpower

Lily ChangJames Hay

Saviso Group

Adam TwissBryan Amesbury

Innovia

Collin AgerGarraint Davies

Cambridge Interactive Systems

Hermann HauserMike MullerTudor BrownJamie Urquhart

Dick Newell, Tom Sancha

The hiThe hi--tech starttech start--ups associated with the Cambridge University ups associated with the Cambridge University –– Many Global ConnectionsMany Global Connections

Stan BolandSimon Knowles

Icera

Laser-ScanR. O. Frisch

M-SpatialAdrian CuthbertJon Billing

version (Sept 2005) – not to be used or copied without permissionCopyright – Y.M.Myint - [email protected], Dr. Shailendra Vyakarnam [email protected]

Page 105: A World Without Borders – Innovation, Entrepreneurship and

Local role models Local role models –– inspiring inspiring EntrpreneurshipEntrpreneurship

Page 106: A World Without Borders – Innovation, Entrepreneurship and

Serial Entrepreneur, Venture Capitalist, and Serial Entrepreneur, Venture Capitalist, and PhilanthropistPhilanthropist……..

Dr Dr Hermann Hermann HauserHauser

Amadeus Amadeus Capital Capital

PartnersPartners

The Hauser Forum and Plastic LogicThe Hauser Forum and Plastic Logic

Page 107: A World Without Borders – Innovation, Entrepreneurship and

Going GlobalGoing Global…… reaching $US 500K or reaching $US 500K or exceeding $US 1 billionexceeding $US 1 billion

Page 108: A World Without Borders – Innovation, Entrepreneurship and
Page 109: A World Without Borders – Innovation, Entrepreneurship and

The Cambridge Cluster The Cambridge Cluster --An example of An example of ““Bottom UpBottom Up”” –– not not ““Top Top DownDown”” Growth and DevelopmentGrowth and Development…….lessons here.lessons here……..

Building communities of Building communities of enterprise,social inclusion and enterprise,social inclusion and

common purpose. With International common purpose. With International MindsetMindset

SubSub--regional developmentregional development

Regional economic developmentRegional economic development

National Economy National Economy –– World EconomyWorld Economy

Page 110: A World Without Borders – Innovation, Entrepreneurship and

A Joined Up System and SocietyA Joined Up System and Society

An Imperative to optimise Technology and Knowledge An Imperative to optimise Technology and Knowledge Development and Transfer. An Entrepreneurial Development and Transfer. An Entrepreneurial EcosytemEcosytem. It . It

has worked in Cambridgehas worked in Cambridge

Page 111: A World Without Borders – Innovation, Entrepreneurship and

Read All About It !......... Now availableRead All About It !......... Now available…………....

Page 112: A World Without Borders – Innovation, Entrepreneurship and

••Managing through uncertain timesManaging through uncertain times••Creativity, Imagination and InnovationCreativity, Imagination and Innovation

••The Entrepreneurial SpiritThe Entrepreneurial Spirit••Leveraging Science and TechnologyLeveraging Science and Technology

••Having a Global Mindset Having a Global Mindset –– Knowledge Sharing and Open Knowledge Sharing and Open InnovationInnovation

••Cross Border AlliancesCross Border Alliances••Transformational EducationTransformational Education

••Regionally and Locally Regionally and Locally –– ““Joined UpJoined Up”” Communities and Communities and SocietySociety

Looking Ahead….Exploiting the Future – Cambridge and UK Economy

And in Cambridge – specifics – some already happening – some still “visions”….

Page 113: A World Without Borders – Innovation, Entrepreneurship and

Ramsey Chatteris Littleport

Mildenhall

Bury St Edmunds

Haverhill

Saffron WaldenRoyston

St Neots

Huntingdon

HUNTINGDONSHIRE

SOUTH CAMBRIDGESHIRE

CAMBRIDGE

NORTH HERTFORDSHIRE(PART)

ST EDMUNDSBURY(PART)

FOREST HEATH(PART)

EAST CAMBRIDGESHIRE

FENLAND(PART)A1(M

)

A14

M11

A14

A10

A14

A11

A11

A10

UTTLESFORD(PART)

A10

A1

The FUTURE Cambridge Phenomenon The FUTURE Cambridge Phenomenon –– Looking Ahead Looking Ahead –– Growing the next ClustersGrowing the next Clusters

• Advanced Computing Advanced Computing –– ITIT

••TelecommunicationsTelecommunications

••Software including BioinformaticsSoftware including Bioinformatics

••Materials Materials –– Polymer SciencePolymer Science

••NanotechnologyNanotechnology

••Regenerative MedicineRegenerative Medicine

••Stratified MedicineStratified Medicine

••Medical TechnologyMedical Technology

••““Connecting for Health Connecting for Health ““ –– ““EE--HealthHealth””

••““CleantechCleantech and and GreentechGreentech”” –– Renewable Energy Renewable Energy and mitigating against Climate Changeand mitigating against Climate Change

Within the Greater Cambridge Sub-Region

Page 114: A World Without Borders – Innovation, Entrepreneurship and

Creating a World Without Borders and enabling Economic

and Social Development

Through Education Without Borders and Student

Leadership and Entrepreneurship

The The NEXTNEXT GENERATIONS will GENERATIONS will determine the future of our regions determine the future of our regions

and the Worldand the World

Page 115: A World Without Borders – Innovation, Entrepreneurship and

Education and Education and Knowledge Knowledge

Transfer Transfer across across

Borders and Borders and BoundariesBoundaries

Student Student LeadershipLeadership

And now we have ICUE And now we have ICUE –– for International and CCUE for International and CCUE for China !for China !

45,000 UK 45,000 UK members in 2 members in 2

years !years !

Page 116: A World Without Borders – Innovation, Entrepreneurship and

Creating a World Without Borders

It can be more than a Dream

Page 117: A World Without Borders – Innovation, Entrepreneurship and

And we have TECHNOLOGY to “live the dream” – The Digital Industrial Revolution is here!

Page 118: A World Without Borders – Innovation, Entrepreneurship and

Entrepreneurs have a big part to play Entrepreneurs have a big part to play –– turning start turning start ups into World Beaters! Some are already doing it ups into World Beaters! Some are already doing it

Mark Mark ZuckerbergZuckerberg –– FacebookFacebook going to the Public going to the Public Market at a valuation of $ 100 billions . Social Market at a valuation of $ 100 billions . Social

Media is changing the world !Media is changing the world !

Page 119: A World Without Borders – Innovation, Entrepreneurship and

And from And from FacebookFacebook to to InstagramInstagram –– Kevin Kevin SystromSystromfrom zero to $ 1 billion from zero to $ 1 billion –– fast trackfast track

From zero to 30 million users in no time at all ! From zero to 30 million users in no time at all ! Survival of the Survival of the fastest. fastest. And China has many young And China has many young

Entrepreneurs.Entrepreneurs.

Page 120: A World Without Borders – Innovation, Entrepreneurship and

ChinaChina--UK UK –– Opportunities to work togetherOpportunities to work together

Connecting across Continents Connecting across Continents –– creating a World Without creating a World Without Borders Borders –– with ENTREPRENEURSHIPwith ENTREPRENEURSHIP

Connecting our Universities and our CompaniesConnecting our Universities and our Companies

Page 121: A World Without Borders – Innovation, Entrepreneurship and

In In Pursuit of of Excellence ! Excellence ! –– Final ThoughtsFinal Thoughts

““Excellence can be achieved, if we:Excellence can be achieved, if we:Care more than others think is wise,Care more than others think is wise,Risk more than others think is safe,Risk more than others think is safe,

Dream more than others think is practical,Dream more than others think is practical,Expect more than others think is possibleExpect more than others think is possible..””

Deborah JohnsonDeborah Johnson--RossRoss

Seeking A World Without Borders

Page 122: A World Without Borders – Innovation, Entrepreneurship and

Thank You for ListeningThank You for Listening

[email protected]@alanbarrell.com

www.alanbarrell.comwww.alanbarrell.com