The Health Foundation Annual Reception (14 March 2016)

Scaling up Innovation

Sherry Coutu CBE#scaleupThe Health Foundation Annual Reception, 14 March 2016

Speed of Technological innovation(General, Transport, Education)

Scale-up Report Recap

Recommendations / Provocations…..

|THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

ENTREPRENEURSHIP

2000Floated second Start-up

1986 Came to the UK from Canada to

study at the London School of Economics

1987Became a Computer

Programmer1991

Studied Business at Harvard

1994Joined my first

‘start-up’

1995Founded second Start-up

Sherry Coutu CBE < 2000

1997first ‘startup’ sold

#scaleup

THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

The pace of Technological Change in learning & education

• Relationship to learners and teachers• Edmodo• Founders4Schools

Policies that encourage teachers & learners to adopt and adapt

• Release of Key Data (api) so you can monitor impact• Monitoring experiments for impact and then scaling the high impact• Relationship to productivity & macro-economic growth


Teacher Productivity


Learner Attainment


Figure 4. The value of Apps in helping learning (students) (Longfield iPad Research, 2012)

Figure 5. The value of Apps in helping teaching (staff) (Longfield iPad research, 2012)

Teacher ProductivityLearner Attainment

Edmodo, a safe platform where teachers and students can collaborate, share content, and leverage educational apps to augment in-classroom learning

Edmodo is interesting because of the way it has molded social into a shape that suits education at the K-12 level: as a free service that's teacher-friendly and easy for school districts to adopt, typically after they find out their teachers are already using it.

Using Edmodo, teachers invite students into private groups that can be used for online classroom discussions, but in a format that keeps the teacher firmly in control.

Facebook has brought us closer to our friends, LinkedIn has provided us with invaluable business tools, and Twitter has brought the world to our fingertips.

Edmodo has been bringing the power of the web and mobile to students and has become the largest social learning network in the world for K12 education.

Founders4Schools has brought the power of linkedin to teachers so their students can explore businesses within 5 miles of the school’s location and invite them to speak to students or help the students get work placements….


free to use

productivity gains

Parental engagement

35 million users, teachers and students, in over 220.000 schools across the world to date.


free to use

time savings

learner STEM attainment gains

Massive cost savings to the ‘system’


Timing of the intervention is key

Cost of creating an employable person

#scaleup

Speed of Technological innovationScale-up Report Recap

Recommendations

We are doing very well on Start-ups...

The Scale-Up Institute scaleup Sherry Coutu CBE

But we are doing less well at growing them

The Scale-Up Institute #scaleupSherry Coutu CBE


Research by the academic David Storey has found that the

median annual sales of a six-year-old firm in the UK are less than £23,000

£ 23,000

#scaleup

“SCALE-UP” DEFINITION

An enterprise with average annual growth in employees or turnover greater than 20% per annum over a 3 year period, and with more than 10 employees

at the beginning of the period

www.scaleupreport.org

The Scale-Up Institute #scaleup Sherry Coutu CBE


Research by the academic David Storey found that

Just one per cent have sales of more than £1 million six years after they star

1 %

#scaleup

Very Few Start-ups Survive and GrowUK businesses that started in 1998 – 10 years later and beyond

221,73183,165

8,649

5,934

All businesses that started with at least 1 employee

Businesses that survived in 2008

Survivors with 10+ employees in 2008

Survivors that achieved at least 1 year of high growth

100%

37.5%

3.9%

2.7%


Key Factors for a successful Scale-up ecosystemIN SUMMARY



Collaboration is key

#scaleup

● The UK has a lower share of large businesses than the US.

● Large firms with more than 250 employees account for 0.5 per cent of firms in the UK but 0.7 per cent in the US.

● This lack of ‘scale up’ means the economy as a whole loses on productivity and growth.

THERE IS A SCALE-UP GAP


8,923

Scale-Ups in England


NET Impact of closing the scale up gap in 20 years

225,000,000,000

THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

http://www2.deloitte.com/uk/en/pages/strategy/articles/the-scale-up-challenge.html

The Scale-Up Report identified 6 main gaps to focus on:1. The Evidence Gap: public and private sector identify, target and

evaluate their support to scale-ups.

2. The Skills Gap: improve the ecosystem so scale-ups can find

employees with the skills they need

3. The Leadership Capacity gap: building their leadership capability

4. The Export Gap: accessing customers in other markets/home

market

5. The Finance Gap: accessing the right combination of finance

6. The Infrastructure Gap: navigating infrastructureThe Scale-Up Institute #scaleup Sherry Coutu CBE

Job Creation is linked to companies that are high growth

In the UK, HGSBs created the equivalent of approx. 4,500

new jobs every week

3 X as many new jobs as the FTSE 100


Source: Octopus investments – hgsb study released Oct 20 2015

SCALE-UPS ARE NOT START-UPS

Scale-ups have different needsROI in Scale-ups has big pay-offs for Economic Growth

So we should focus some of our attention and policies on scale-ups

www.scaleupreport.org



SCALE-UPS ARE THROUGHOUT THE COUNTRY

Scale-ups are found in each of the 39 LEP areas in England and 6,659 (75 per cent) of the total 8,923 scale-ups are located outside of London.

On average a LEP will have approximately 228 scale-ups in their area.

These in turn can be grouped into the Number of scale-ups companies that employ between

• 10 and 49 employees, • 50 and 250 employees,• >250 employees

#scaleup


http://www.svc2uk.com/the-royal-society-science-50-index/

“The Science 50”

Royal Society’s list Illustrates the extent to which science-based scale-ups are a nationwide phenomenon.

36 (72 per cent) of the top 50 fastest growing science-based companies are located outside of London.

These 50 science-based companies increased their revenues by an average of 92 % between 2012 and 2013, achieving a combined annual turnover of more than £1.3 billion.

Adding more than £600 million to national output last year.

SCALE-UPS ARE MORE THAN DIGITALSCIENCE ONES GREW 92% LAST YEAR…..

#scaleup

http://www.scaleupreport.com

Speed of Technological innovationScale-up Report Recap

Provocations…..


Doctor Productivity


Nurse Productivity


Administrator Productivity


Patient Outcomes


free to use

productivity gains

Patient outcomes

free to use

productivity gains

Patient outcomes

productivity gains

Patient outcomes

Policies that encourage doctors and Nurses and administrators to adopt and adapt

• Release of Key Data (api) so you can monitor impact

• Monitor experiments for impact and

• Then scale the high impact

Key Recommendations

1. Release data on innovations

2. Identify the top 50 innovations in the NHS• by productivity gains• By patient outcomes• By cost per intervention• By NHS Trust

3. Assist the roll-out and adoption of those innovations that work



Release Data

Increase Collaboration

Improve Skills

Develop Leadership

Assist International Expansion

Champion success stories

The Health Foundation Annual Reception (14 March 2016)

Health & Medicine

Transcript of The Health Foundation Annual Reception (14 March 2016)