Big Innovation Centre 21 Palmer Street Westminster SW1 Central London Director Birgitte Andersen Catalysing city region when businesses are empowered,

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Presentation transcript:

Big Innovation Centre 21 Palmer Street Westminster SW1 Central London Director Birgitte Andersen Catalysing city region when businesses are empowered, enterprising and innovative

Good news for British regions and cities …. World class businesses located here. World’s leading universities and best science research centres. Banks do not lack talent (but vision). Many intermediate institutions: fit for purpose. High investment in intangible assets

… But the whole is less than the sum of the parts Trade gap, falling productivity, high unemployment, no growth … Ideas, credit and resources do not flow with the speed, scale, energy and focus that they should. Systemic coordination failure – which conventional industrial policy does not address.

A Shift in focus and language from knowledge transfer towards open innovation

Paradigm shift from ‘Knowledge transfer’ to ‘Open innovation’: Calling for a new science and technology policy? Knowledge transfer is working well, but many are failing to exploit open innovation Innovation Policy (1990s- 2000s) Innovation Policy (1990s- 2000s) Technology Policy (1970s-80s) Science Policy (1950s-60s ) Science Policy (1950s-60s ) Emerging Open Innovation Policy (Post 2010) Emerging Open Innovation Policy (Post 2010) Knowledge transfer Open Innovation/ co-creation From science to market is assumed automatic Main focus is on engineering trajectories

How? - Use image, brand, design to transform Birmingham and the West Midlands into an Innovation Hub  Build UK’s innovative markets, places and networks  Transform business models  Make innovation-friendly financial institutions  Enhance universities as interactive partners  Enterprising state: Public action to drive private innovation OPEN INNOVATION CHALLENGES

Bringing businesses, universities and governments together to co-innovate and solve economic, social and technological challenges Come and join collective action! Meet delegates from 36 countries in OPEN SESSIONS of academic and policy/practitioner presentations: 200 papers presented, including from world class academics, renowned professors, Vice Presidents of global firms and Ministers WORKSHOPS: 12 sessions including from EU, OECD, Regional Studies Association, TUSUR SOCIAL EVENTS to see the best of London: Thames cruise and dinner in Lincoln’s Inn VISIT to London’s Tech City (hosted at Google Campus) to meet innovating entrepreneurs.