Driving Innovation

Concept to Commercialisation

A strategy for business innovation, 2011-2015

David BottDirector of Innovation Programmes

Mark Glover12th 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• Sub-national picture changing and less money available overall

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 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

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

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

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

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

Driving Innovation

10

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

Driving Innovation

And we’re accessible….

http://www.innovateuk.orge: david.bott@tsb.gov.ukm: +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