Innovate UKMatt Sansam

Programme Manager, IC tomorrowLead Technologist, Digital

About Innovate UK

The UK’s Innovation Agency: a national body set up in 2007 to invest in business innovation

Works across business, universities and government

Most staff come from business backgrounds

Has a budget of over £400m/year

• £390m for 2012/13

• £440m for 2013/14

What we do Help strengthen the global competitive position of leading businesses

Identify and grow sectors and businesses with the capacity to become the best in the world

Nurture the businesses that can succeed in the growth sectors of tomorrow

Facts and Figures

Invested in ~3000 projects

Working with >4900 companies and 110 universities

>£120m of small business contracts awarded through SBRI

>50,000 businesses on _connect

>9,000 people participated at TSB events

• Every £1 invested returns: At least £3 for feasibility studies

£9 for Smart awards

Up to £35 for some areas of collaborative CR&D

Where we invest

Scale of Tools

IC tomorrow

About IC tomorrow• IC tomorrow, an Innovate UK programme, stimulates innovation and

economic growth in the digital sector.

• We connect start-ups and SMEs with leading commercial partners and investors across the EU, through funded contests, events, and strategic matchmaking opportunities.

• The IC tomorrow network is free to join and supports innovation across a variety of industry sectors including Music, Film, Fashion, Publishing, TV, Education, Games, Culture, Sport, Advertising, Healthcare and Finance.

2 key ways in which we help start-ups and commercial

parties to collaborate

1 – Digital Innovation Contest

Some of our partners

Benefit to Entrepreneurs

• Client to trial technology

• Applicants retain full IP

• 100% procurement funding

• Light touch application

• We’re not risk adverse

2 – Networking events(i) Pre-selected startups meet leading commercial organisations in a speed-dating style format

(ii) Drop-in sessions, digital surgeries and themed workshops where startups and industry meet each other, unpack common challenges and opportunities to innovate, and make great connections

Key Stats• In 2013, IC tomorrow launched 7 contests, ran 24 events, and made

£961,000 in funding available. We have 3500 digital entrepreneurs, rights holders, academic institutions and investors in our online _connect network.

• We conducted our first ever survey last year, in which we discovered that:

• 86% of contest applicants found the process easy to understand

• 89% of contest winners found the business relationship with the challenge partners as valuable as the funding awarded

• 93% of speed networking attendees made useful contacts to follow up on

IC tomorrow

Drop us a line ictomorrow@innovateuk.org

ictomorrow.com@ictomorrowFacebook/ictomorrow0300 321 4358

Application Process

Application process Stage 1A common review process applies to all applications:•Each application is reviewed by multiple assessors•The applications are not forwarded to the assessors until after the closing date for submission•Each application is reviewed against the same set of assessment criteria•A review panel then assess the collective scoring and identifies a ranked order for review •The review panel will discuss the applications and identify the successful applicants to invite to stage two•All other applicants will be informed they have not been successful with their application.

Step 1: Application Title

Step 2: Your information

Step 3: Your proposed application

Step 4: Project Plan and cost

Step 5: Trial

Step 6: Business Model and Marketplace

Step 7: Team and Expertise

Step 8: IC tomorrow Feedback

Application process Stage 2• Successful applicants will be invited to the ‘Stage two’ panel session

• Those chosen to go through to ‘Stage two’ will be required to provide a 10-minute presentation with Q&A. No more than about six minutes should be used to pitch your proposal to the panel with the remaining time used by the panel as Q&A

• Only one person is able to present each proposal, but additional people are allowed for the Q&A

• Prior to the final event, practice sessions will be arrange in front of the IC tomorrow team to provide feedback and enable you to refine your pitch

Practice Pitches session Spend up to an hour with the IC tomorrow team to fine tune your pitch prior to the final event.

Please come with your presentation already prepared!

Over 95% of winners have attended practice pitch sessions

Learn how to structure and time, your pitch, and what the judges are looking for

Successful Stage Two applicants• Successful 'Stage two' winners will be sent a provisional letter of engagement• Following this, winners will be required to attend a project launch meeting with IC

tomorrow and the relevant challenge partner/organisation to discuss their plans for delivery and agree the nature of their collaboration, including any delivery requirements

• Once the plan of delivery is mutually agreed, it is worked up into a service agreement which has to be signed off by all parties

• Please note the development of the winning solution must start within three months of receipt of engagement letter

• Live trial must launch within nine months of the engagement letter and run for a minimum period of three months (where appropriate)

• Project must cost no more than the stated amount for each challenge excluding VAT• Payment will be made in three stages: 50% on agreement of service agreement, 25%

on delivery of working solution and launch of trial, 25% on completion of trial

IC tomorrow

Drop us a line ictomorrow@innovateuk.org

ictomorrow.com@ictomorrowFacebook/ictomorrow0300 321 4358