Maxine Adam Head of Strategic Development & Coordinator H2020 Innovation Services Enterprise Europe Network Start-up to scale-up and creating the future Unicorns

A number of different definitions OECD a ‘scale-up’ is an enterprise with average annualised growth in employees or turnover greater than 20 per cent per annum over a three year period, and with more than 10 employees at the beginning of the observation period. Definition of a scale-up

The international evidence is clear that a small number of high-growth firms are vital to driving job growth and overall economic growth. “six per cent of UK businesses with the highest growth rates generated half of the new jobs created by existing businesses between 2002 and 2008.” Nesta

The key reasons why companies are unable to scale Finding employees to hire who have the skills they need Building their leadership capability Accessing customers in other markets / home market Accessing the right combination of finance Navigating infrastructure

Source: Sherry Coutu CBE: The scale-up report on UK economic growth Map of the UK's top 50 fastest growing science-based companies  Businesses based across the UK  Scale-ups also found in all sectors  Can be major contributors to local economies, acting as role models and inspiring others

Just providing funding isn’t sufficient need to wrap support around a business connect them to opportunities Working with the right companies Might not be the companies that traditionally seek public support Need to look in different places Need to work with the national ecosystem and beyond Need to work with other actors in the ecosystem Scale-up businesses need tailored support – connections, insight Levels of finance often beyond any one country - >€100m per company Moving start-ups to scale-ups

Innovate UK support Finding employees to hire who have the skills they need Piloting the ICURe programme – enabling university based early stage businesses to bring in the staff they need to grow Building their leadership capability Innovate2Succeed programme to enhance capacity Accessing customers in other markets / home market First customer – SBRI and procurement models Access to international markets – Enterprise Europe Network Accessing the right combination of finance Grant funding (plus loan and equity soon) and connections to investors – Venturefest (investor events) and Growth Showcase(investor platform) Navigating infrastructure Helping businesses navigate the innovation system - Enterprise Europe Network and Knowledge Transfer Network – “no wrong door”

European Innovation Council consultation presentation

Could the European Innovation Council be the solution? Simplify and co-ordinate access to the current EU innovation offer? A truly bottom-up SME Instrument? Fill the EU gaps in support for innovation to better support start-ups to scale-ups? Strategic advice to improve innovation environments (e.g. on regulation, policies, practices)? What is the European added value?