driving innovation yorkshire concept board meeting 2 december 2008 emily nott relationship manager...
TRANSCRIPT
Driving Innovation
Yorkshire Concept Board Meeting
2 December 2008
Emily NottRelationship Manager – Research Councils
Driving Innovation
• Background
• Priorities
• Competitions
• Investments
• Emerging Technologies and Proof of Concept
Presentation
Driving Innovation
• Investing around £1bn from 2008-2011(with partner contributions)
• Collaborative and aligned activity with Research Councils, RDAs/DAs and government departments
• Guided by business-led Governing Board
• Staff of around 75, based in Swindon
Key facts
Driving Innovation
Our vision:
for the UK to be a global leader in innovation
and a magnet for innovative businesses,
where technology is applied rapidly,
effectively and sustainably
to create wealth and enhance quality of life.
To deliver, partnership is key
Driving Innovation
Investment criteria
Can the UK do it?
Is there a large market opportunity?
Is the idea ‘ready’?
Can the Technology Strategy Board make a
difference?
Driving Innovation
£1 billion investment
over 3 years
The innovation climate
Challenge-led innovation
Technology-inspiredinnovation
2008-9 2010-11
Driving Innovation
Challenge-led innovation
Key application areas
• Medicines & healthcare• Energy generation & supply *• Transport• Environmental sustainability• Built environment• Creative industries *• High value services
Driving Innovation
Challenge-led innovation
Innovation Platforms• Assisted living
• Intelligent transport systems and services
• Low carbon vehicles
• Low impact buildings
• Network security
• Diagnosis and Identification of Infectious Agents - NEW
Driving Innovation
The challenge
• UK has committed to 60% cuts in CO2 emissions by 2050
• Transport contributes ~25% of UK CO2 emissions and is growing
• Of this, road transport accounts for ~80%
Integrated Delivery Programme
• 5-year £200m programme to help to speed up the introduction of new low carbon vehicles
• Co-ordination of UK low carbon vehicle activity - initial strategic research through collaborative research and development, leading to the production of demonstration vehicles
• Current funding partners - DfT, EPSRC, Advantage West Midlands and One North East
Low Carbon Vehicles
Driving Innovation
What’s next?
• Sustainable Agri-Food Supply Chain
• Immersive Education
• Water
• Waste
• Stratified Medicine
• Sustainable Aviation
• ??
Driving Innovation
• £160 billion annually
• Harness at least some of this to promote innovation
• Reforming the Small Business Research Initiative (SBRI)
• Pilot competitions
– Energy and lifetime cost control with MoD (now closed)
– Healthcare Associated Infections with DH (now open)
• Hand Hygiene• Pathogen detection in the healthcare
environment
Government procurement
Driving Innovation
• Advanced materials*
• Bioscience
• Electronics, photonics and electrical systems*
• Information and communication technologies*
• High value manufacturing*
• Nanotechnology
• Emerging Technologies*
Key technology areas
Driving Innovation
• We will inspire and enable people to play their part in the innovation economy
• We showcase successes
• We celebrate and will build a national confidence in the power of innovation
• We build networks
• We support knowledge exchange through individuals
The Innovation Climate
Driving Innovation
• 24 current networks
• >35,000 members (~75% industry)
• >20 special interest groups
• ~400 networking events/annum
• TSB invests some £20m pa in supporting KTNs
Knowledge Transfer Networks
Driving Innovation
Aerospace and Defence
bioProcessUK
Bioscience for Business
Chemistry Innovation
Cyber Security
Digital Communications
Electronics
Integrated Products Manufacturing
Environmental
Food Processing
Grid Computing Now!
Healthcare Technologies
Industrial Mathematics
Intelligent Transport Systems
Location & Timing
Low Carbon & Fuel Cell Technologies
Materials
Nanotechnology
Modern Built Environment
Photonics
Resource Efficiency Sensors & InstrumentationUK Displays & Lighting
Creative Industries
Financial Services
Driving Innovation
Individual
Business Research Base
Knowledge Transfer Partnerships
Successful:
For each 43 new jobs,
£1 million 190 company staff trained,
invested £2.97m increase in profit
Driving Innovation
Knowledge Transfer Partnerships
• We will double the number of KTPs by end March 2011
• Increase flexibility of the “classic” KTP
• Introduce a national mini-KTP
• Develop plans with all sponsors
Driving Innovation
Current and future callsNov 08• Photonics – Next generation optical internet access• Materials – Sustainable materials and products• Informed personal travel
Jan 09• Energy - Oil and gas recovery • High Value Manufacturing – Step changes and value systems • Low carbon vehicles – Electric vehicles
Mar 09• Low impact buildings • Creative industries – Digital content• Network security – Interdependency, risk and complexity• Energy – Hydrogen and fuel cells
Driving Innovation
Our investment in UK HEIs
For CR&D competitions April 04 to Autumn 07
• Around 900 projects funded
• ~£540m in grants
• Total project costs > £1.2 Bn
• 3805 partners
• ~22% of all project partners are from academia
Driving Innovation
Our investment in UK HEIs
Knowledge Transfer Partnerships
• Total number of partnerships in portfolio – 975 (at 31 March 08)
• Involving 437 departments across 102 UK Higher Education Institutes
Driving Innovation
Our investments
CR&D calls (April 04–Spring 07)
No. applications (lowest)
No. applications (highest)
Applications involving academics
Average success rate
Full Stage
96 288 78% 51%
Driving Innovation
What sort of Emerging Technologies ?
• Those that drive disruptive innovation and thus new growth sectors through a very different value proposition
Our criteria
• technology with the potential to lead to a completely new value proposition;
• technology with the potential to disrupt existing markets and industries;
• UK has a competitive position globally;
• UK able to develop and realise value from the resulting Innovations
Driving Innovation
UK Landscape Government support is available but fragmented
• Investment/Technology Transfer– Research Councils (Follow-On Fund, IKC’s, Translational
Grants)– RDA’s/DA’s (Proof of Concept, CIC, Seed Funding)– Funding Councils (HEIF and Scottish, Welsh, NI equivalents) – Technology Strategy Board/Government Depts (SBRI)– Nesta, Royal Society (Early Stage Venture Funding)
• Customer-led contracts eg– MOD
• Regulation – BSI
Driving Innovation
UK LandscapeSuccess factors - how well do we do?
• Flow of investment
POC (~£50-100K) => SEED(~£250K) => VC (£1m+)
• Entrepreneurs
• Commercialisation skills
• Lead customers/early adopters
• IP
• An ability to take to scale
• The right exit strategy
Not enough? Equity Gap
Not enough
Govt could do more
Output relatively low
Shortage
Too many trade sales?
Often done overseas
Driving Innovation
Emerging Technologies – our approach
• Lead national efforts to find and support emerging technologies with disruptive potential
• Create a bigger pool of technologies from which to select
• Develop better ways to evaluate the potential of emerging technologies
• Explore new ways to accelerate early commercialisation• Encourage research into better models • We are particularly interested in the space extending
from proof-of-concept (technical feasibility or initial commercial potential) to the first stages of commercial development
Driving Innovation
Proof of Concept – how do we see it?
• Crucial first step in process
• Suspect there are gaps in support
• Want to understand existing support better with partners already working in this space
• Want to identify how best we can add value
• Workshop with Unico, RCs and Regional Partners end Jan 09 to consider UK support for pre-investment Proof of Concept