Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent...

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Venturefest Cymru Putting innovation to work! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015

Transcript of Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent...

Page 1: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

Venturefest Cymru

Putting innovation to work!

Jackie Marshall-BallochLead SpecialistIndependent Living Innovation Platform29th September 2015

Page 2: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

Agenda

• What innovation means to us• The real challenges

• Re-inventing our futures -The Long Term Care Revolution• Lighting, photonics and sensors- the game changers?

• Next steps

Page 3: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

Innovate UK – who we are

We are the UK’s innovation agency Independent arms length body created in May 2007 Funded by BIS We are solution-focused, passionate about innovation, curious and creative, one dynamic team, and

committed to helping one another Everything we do is driven by one question: Will it help UK businesses bring new ideas and

technologies to market faster? For every pound we invest it is estimated to return at least £3 for feasibility studies, £9 for Smart

Awards and up to £35 in some areas for collaborative research and development.

Page 4: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

Innovate UK – what we do

We accelerate economic growth by stimulating and supporting business-led innovation We use a number of tools to support business innovation, one of which is SBRI We help businesses understand future markets and the innovation opportunities created by the

challenges of today – and make the most of them We break down barriers to innovation, eg through large scale demonstrators for new ideas and

products Through connections and networks we enable people and companies to work together to share

ideas and make innovation happen We bring together partners to maximise funding for innovation and get groups of organisations

working together

Page 5: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

Innovation – defined

“Innovation is achieving something significant that would otherwise would not happen unless you are prepared to take the risk and do something special.”

Peter Wintlev-Jensen, Deputy Head of Unit, European Commission DG CONNECT

Page 6: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

Demographic opportunity

Condition 2011 2040 Projected increase

Dementia 781,432 1,384,951 603,519

Cancer 2,015,970 4,800,000 2,784,030

Cardiac pathology 8,074,575 13,310,443 5,235,868

Stroke 1,277,230 1,526,181 248,951

Diabetes 2,912,657 7,507,992 4,595,335

Source: OECD, National Statistics, Population Trends, Dementia UK, London School of Economics & Institute of Psychiatry at King’s College London, Department of Health, NHS, British Heart Foundation, National Audit Office, The Health Foundation, Diabetes UK includes Frost & Sullivan extrapolations and analysis (2013)

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Discrimination Poverty Crime Pharmacology

Nutrition Rehabilitation

Protection TravelAccess to information

Ethnic Minority StatusDepression

Suicide

Sexuality and Sexual health

Loneliness and isolation

Dementia Care

Self actualization

Elder abuse

Incontinence

Long term care

Digital divide Leisure

Employment Housing

Frailty

Adverse weather conditions

Chronic pain Societal value

TelecareFalls Medication compliance

NHS efficiencies and costs Telehealth

Assistive technologies

Flu

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Long term care should not cost us everything it means to be human

Page 9: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

The Long Term Care Revolution – what is it?

Its an ambitious programme to stimulate and catalyse innovation in long term care. Its sole purpose is to disrupt the institutional model of long term care provision as we know it in the

UK . Its aim is to create diverse, vibrant, cutting-edge non-institutionalised products, services and systems

that are fit for purpose, fit for the future, sustainable and responsive to public demand. Its NOT about reforming what exists, but about replacing a 19th century model with alternatives that

reflect 21st century living and advances.

Page 10: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

The Long Term Care Revolution – the imperative to act

• By 2051 the numbers of people aged 65 years and over in the UK will increase by 81% (GAD, 2003)• The support ratio is falling 3.10 in 2011 to 3.09 in 2021, then to 2.53 in 2031, then below 2.2 in the

2050s before levelling off. (GAD, 2003)• Residential home and Nursing home places will need to expand by around 150% over the next 50

years (Wittenberg et al, 2004)• Hours of home care by around 140% over the next 50 years. (Wittenberg et al, 2004)• Long term care expenditure would need to rise by 315% in real terms between now and 2051 to

meet demographic demands. (Wittenberg et al, 2004)• The number of older adults in need of care is expected to outstrip the number of family members able

to provide informal care for the first time in 2017 (IPPR, 2014)

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Long Term Care Revolution - background

• Market analysis by Frost & Sullivan

• Social research report by Kings College

• Ethnographic study by Experience research

2011-2012

• LTCR Sandpit challenge

• Sandpit projects

2013-2014

• LTCR SBRI national challenge

• National challenge projects

2015-2018

Page 12: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

The Long Term Care Revolution SBRI national challenge – the ask

To disrupting the existing institutional model of long term care provision that has been in existence in the UK since the early 19th century by: Developing game changing products, services and/or systems that will

disrupt the pathway to institutional care

Developing alternative models/ways/approaches that are dignified, desirable and affordable alternatives to the status quo

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The LTCR – Competition scope

• Demonstrate significant innovation and high risk where Innovate UK investment will add value

• Demonstrate the transfer and re-purposing of existing, new or emerging innovations (technological, social or economic) in development

• Demonstrate the translation of academic research to support business innovation and development

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The game changers

We specifically encouraged applications from consortia that included companies outside the conventional health and social care sectors. We believe they can apply fresh and innovative ideas to this intractable challenge. Eg. robotics and autonomous systems, lighting and photonics, sensors, advanced materials, energy, financial services, retail, design, creative industries, space, aviation, engineering, architecture, hospitality and tourism, housing, building, transport.Eg. engineering and physical sciences, social sciences, medical sciences, arts and humanities, bio-sciences.Eg. religious groups, volunteer groups, condition-specific support groups, charities, foundations, schools, youth groups.

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Lighting and photonics – an ‘enabling’ technology

• Aerospace technology • Agriculture• Biomedicine • Construction • Engineering, micro-technology, and nanotechnology • Alternate Energy / Green Solutions • Environmental technology • Geographic information systems and global positioning• Information technology - • Chemical technology • Transportation • Homeland security• Manufacturing • Biotechnology • Solid State Lighting

Page 16: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

Next steps

Targeted activity lighting and photonics and sensors robotics and automated systems autonomous vehicles

Oversight/Task and Finish group to frame the next stage of the programme

New strategic partnerships, alliances and champions

Tackle the barriers to meeting public demand - legislation, certification, policy, data security,

Page 17: Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

They say a person needs just three things to be truly happy in this world:

someone to love, something to do,

and something to live for.

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Jackie Marshall-BallochTel: 07826 894459E-mail: [email protected]: Trinigyal44