Warwick Innovation and Knowledge Centre –

Opportunities and ideas

Ray KwokDoctoral Researcher

Marketing & Strategic ManagementWarwick Business School

November 10, 2009

What make Warwick special among other rivals?

As a one-stop shop platform between academia and practitioners to realize and commercialize innovative ideas and technology effective in real life

Hardware: Research facilities

Software: Expertise? Capability of knowledge transfer and commercialization

To be the 3rd Innovation and Knowledge Centres

Model of Commercialization of Innovation Excellence

Commercialization of Innovation Excellence in Warwick

Commercialization of Innovation Excellence

Consultancy Excellence

Business Excellence

Technology Excellence

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Technology Excellence◦ Research center (Science/Medical/Arts/Social Science)◦ Contributions◦ Ongoing projects and value◦ Faculty and no. of PhD students

Commercialization of Innovation Excellence in Warwick

Technology

Business Excellence◦ Research center (WBS)

Centre for Management under Regulation (CMuR) Centre for Small & Medium-Sized Enterprises (CSME) Financial Econometrics Research Centre (FERC) Financial Options Research Centre (FORC) Industrial Relations Research Unit (IRRU) Innovation, Knowledge & Organisational Networks Research Unit (IKON) Local Government Centre (LGC) WBS is also host to the ESRC's major research programme Evolution of Business

Knowledge (EBK), and a number of special interest groups.

◦ Contributions◦ Ongoing projects and value◦ Faculty and no. of PhD students◦ Highlight

Commercialization of Innovation Excellence in Warwick

Business Excellence

Consultancy Excellence◦ Facilities: Scarman House, Conference Centre etc◦ New training inter-disciplinary training center for

commercialization of innovation Using platform of Warwick’s Global People?

http://www.globalpeople.org.uk/

Trainings New product development Business management for entrepreneur and start-up Business policy and strategy Product/Service commercialization Business conferencing and support Marketing strategy for new product HR /Accounting/Financial management Project management Balanced scorecard / KPI management

WBS: consulting capability of academic staff and PhDs Any other department or research centres? Testimonials from companies?

Commercialization of Innovation Excellence in Warwick

Consultancy Excellence

Collaboration with Global Institutes◦ Current partners & nature of collaboration

◦ Potential partners which knowledge and innovation commercialization in global level

◦ Geographically consider institutes in different continents to leverage on research and innovation development

North AmericaLatin AmericaAsia & OceaniaEurope

Commercialization of Innovation Excellence in Warwick

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ollaboration with

Global Institutes

Collaboration with International & Regional Management Consults◦ Internal consultants and companies can make use of them to

commercialize their business with specific needs or with international coverage

◦ International: international consulting firm (e.g., BCG) as partner?

◦ Regional: regional consulting firm (e.g., Kingswoodplus by Caron King) to provide support to SME on innovation commercialization and execution http://www.kingswoodplus.co.uk/index.asp

Commercialization of Innovation Excellence in Warwick

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Research training with consulting / skills◦ Research Postgraduate Skills Program◦ Student Career and Skills

Training to be provided by PhDs from different backgrounds

Research exchange workshop in innovation (technology & business)

Build up connection with external companies Hands-on project management and execution

◦ To work with academic staff to provide consulting and business research services to companies

Next steps◦ To understand what resources PhDs can provide:

Set up portal to allow Warwick students to a) contribute innovation ideas, b) conduct “audit” of PhDs about what skill sets they have and what skills in relation to innovation and commercialization they would like to acquire

Form interest group for postgraduates who are interested in Innovation

Conduct forum to encourage and allow postgraduate students to present their ideas related to innovation which are not in their PhD research

How to capitalize on PhDs…

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Commercialization of Innovation Excellence

Consultancy Excellence

Business Excellence

Technology Excellence

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Global Institutes

Thank you!

HKUST Technology Transfer Center http://www.ttc.ust.hk/index.php/en/about-ttc

Chinese University http://www.cuhk.edu.hk/v6/en/research/institutes_centre.html

Oxford University http://www.ox.ac.uk/international/globalisation_research_at_oxford/index.html

University of Melbourne http://www.knowledgetransfer.unimelb.edu.au/

Appendix1: List of potential partners – research centres

International◦ Boston Consulting Group

http://www.bcg.com/expertise_impact/capabilities/innovation/default.aspx

◦ Gartner, Inc. Europe http://www.gartner.star-digital.co.uk/?gclid=CKeU24fcjZMCFQT-1Aod4zVigQ

◦ Tata Consultancy Services Limited http://www.tcs.com/homepage/Pages/default.aspx

◦ Roland Berger http://www.rolandberger.com/expertise/index.html

Regional◦ Kingswoodplus

http://www.kingswoodplus.co.uk/index.asp

Appendix 2: List of potential partners – consulting firms