David bott tsb for bbaa
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Transcript of David bott tsb for bbaa
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Driving Innovation
Concept to Commercialisation
A strategy for business innovation, 2011-2015
David BottDirector of Innovation Programmes
Mark Glover12th January 2011
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Driving Innovation
In case you see one lying around!
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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
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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
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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
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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
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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
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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
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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
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Driving Innovation
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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
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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