Driving Innovation Concept to Commercialisation A strategy for business innovation, David Bott Director of Innovation Programmes Mark Glover 12 th January 2011

Driving Innovation In case you see one lying around!

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 Government does not make best use of its levers Procurement, regulation, standardisation, fiscal incentives

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

Driving Innovation 2014/15 High Value Manufacturing Digital Services Sustainability Energy Generation and Supply Built Enviro nment Transport Healthcare Food Supply Development Knowledge Transfer Networks Catapults (High Value Manufacturing) (Cell Therapy) (Offshore Renewable Energy) Catapults (High Value Manufacturing) (Cell Therapy) (Offshore Renewable Energy) Knowledge Transfer Partnerships Advanced Materials Biosciences Electronics, Photonics and Electrical Systems Information and Communications Technology Grant for Research and Development

Driving Innovation Competitions Collaborative Research and Development –Used to drive engagement between businesses or with universities – in themed areas and communities Feasibility Studies –Used for early stage ideas to test potential Smart –Use to support single companies in areas they choose SBRI –Contracts with Government Departments that lead to procurement

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 Allocated £25m in Autumn Statement for new demonstrator

Driving Innovation Catapults Business-focused centres that make world-leading technical capability available to businesses to solve their technical challenges Provide: Access to world-leading technology & expertise Access into 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

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 11 th We will run 3 more in 2012/13

Driving Innovation Missions Joint activity with UKTI Take 20 companies we have supported to global centre in their area They meet potential customers, suppliers, competitors and funders First 4 raised over £100m of funding

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Driving Innovation Status The Technology Strategy Board was set up to support UK economic growth We have used a variety of tools to support UK based 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

Driving Innovation And we’re accessible…. e: m: tw: david_bott bl: li: sk: davidbott3