Transcript Document

Driving Innovation
Yorkshire Concept Board Meeting
2 December 2008
Emily Nott
Relationship Manager – Research Councils
Driving Innovation
Presentation
• Background
• Priorities
• Competitions
• Investments
• Emerging Technologies and Proof of Concept
Driving Innovation
Key facts
• Investing around £1bn from 2008-2011
(with partner contributions)
• Collaborative and aligned activity with
Research Councils, RDAs/DAs and
government departments
• Guided by business-led Governing Board
• Staff of around 75, based in Swindon
Driving Innovation
Our vision:
for the UK to be a global leader in innovation
and a magnet for innovative businesses,
where technology is applied rapidly,
effectively and sustainably
to create wealth and enhance quality of life.
To deliver, partnership is key
Driving Innovation
Investment criteria
Can the UK do it?
Is there a large market
opportunity?
Is the idea ‘ready’?
Can the Technology Strategy
Board make a difference?
Driving Innovation
2008-9
2010-11
£1 billion investment
over 3 years
The innovation climate
Challenge-led innovation
Technology-inspired
innovation
Driving Innovation
Our
strategy in
2 words
Driving Innovation
Challenge-led innovation
Driving Innovation
Challenge-led innovation
Key application areas
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Medicines & healthcare
Energy generation & supply *
Transport
Environmental sustainability
Built environment
Creative industries *
High value services
Driving Innovation
Challenge-led innovation
Innovation Platforms
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Assisted living
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Intelligent transport systems
and services
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Low carbon vehicles
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Low impact buildings
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Network security
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Diagnosis and Identification of
Infectious Agents - NEW
Driving Innovation
Low Carbon Vehicles
The challenge
• UK has committed to 60% cuts in CO2 emissions
by 2050
• Transport contributes ~25% of UK CO2 emissions and is growing
• Of this, road transport accounts for ~80%
Integrated Delivery Programme
• 5-year £200m programme to help to speed up the introduction of
new low carbon vehicles
• Co-ordination of UK low carbon vehicle activity - initial strategic
research through collaborative research and development, leading to
the production of demonstration vehicles
• Current funding partners - DfT, EPSRC, Advantage West Midlands
and One North East
Driving Innovation
What’s next?
• Sustainable Agri-Food Supply Chain
• Immersive Education
• Water
• Waste
• Stratified Medicine
• Sustainable Aviation
• ??
Driving Innovation
Government procurement
• £160 billion annually
• Harness at least some of this to promote
innovation
• Reforming the Small Business Research
Initiative (SBRI)
• Pilot competitions
– Energy and lifetime cost control with MoD (now
closed)
– Healthcare Associated Infections with DH (now
open)
• Hand Hygiene
• Pathogen detection in the healthcare
environment
Driving Innovation
Technology-inspired innovation
Driving Innovation
Key technology areas
• Advanced materials*
• Bioscience
• Electronics, photonics and
electrical systems*
• Information and communication
technologies*
• High value manufacturing*
• Nanotechnology
• Emerging Technologies*
Driving Innovation
The innovation climate
Driving Innovation
The Innovation Climate
• We will inspire and enable people to play
their part in the innovation economy
• We showcase successes
• We celebrate and will build a national
confidence in the power of innovation
• We build networks
• We support knowledge exchange through
individuals
Driving Innovation
Knowledge Transfer Networks
• 24 current networks
• >35,000 members (~75% industry)
• >20 special interest groups
• ~400 networking events/annum
• TSB invests some £20m pa in
supporting KTNs
Driving Innovation
Integrated Products Manufacturing
Bioscience for Business
Chemistry Innovation
Sensors & Instrumentation
Aerospace and Defence
UK Displays & Lighting
Resource Efficiency
Cyber Security
bioProcessUK
Electronics
Materials
Photonics
Food Processing
Nanotechnology
Healthcare Technologies
Modern Built Environment
Industrial Mathematics
Digital Communications
Grid Computing Now!
Environmental
Intelligent Transport Systems
Location & Timing
Creative Industries
Low Carbon & Fuel Cell Technologies
Financial Services
Driving Innovation
Knowledge Transfer Partnerships
Individual
Business
Successful:
For each
£1 million
invested
Research Base
43 new jobs,
190 company staff trained,
£2.97m increase in profit
Driving Innovation
Knowledge Transfer Partnerships
• We will double the number of KTPs by end
March 2011
• Increase flexibility of the “classic” KTP
• Introduce a national mini-KTP
• Develop plans with all sponsors
Driving Innovation
Competitions
Driving Innovation
Current and future calls
Nov 08
• Photonics – Next generation optical internet access
• Materials – Sustainable materials and products
• Informed personal travel
Jan 09
• Energy - Oil and gas recovery
• High Value Manufacturing – Step changes and value systems
• Low carbon vehicles – Electric vehicles
Mar 09
• Low impact buildings
• Creative industries – Digital content
• Network security – Interdependency, risk and complexity
• Energy – Hydrogen and fuel cells
Driving Innovation
Our investments
Driving Innovation
Our investment in UK HEIs
For CR&D competitions April 04 to Autumn 07
• Around 900 projects funded
• ~£540m in grants
• Total project costs > £1.2 Bn
• 3805 partners
• ~22% of all project partners are from academia
Driving Innovation
Our investment in UK HEIs
Knowledge Transfer Partnerships
• Total number of partnerships in portfolio – 975
(at 31 March 08)
• Involving 437 departments across 102 UK
Higher Education Institutes
Driving Innovation
Our investments
CR&D calls (April 04–Spring 07)
Full
Stage
No.
applications
(lowest)
96
No.
applications
(highest)
288
Applications
involving
academics
78%
Average
success
rate
51%
Driving Innovation
Emerging Technology Perspective
Driving Innovation
What sort of Emerging Technologies ?
• Those that drive disruptive innovation and thus new
growth sectors through a very different value proposition
Our criteria
• technology with the potential to lead to a completely new
value proposition;
• technology with the potential to disrupt existing markets
and industries;
• UK has a competitive position globally;
• UK able to develop and realise value from the resulting
Innovations
Driving Innovation
UK Landscape
Government support is available but fragmented
• Investment/Technology Transfer
– Research Councils (Follow-On Fund, IKC’s, Translational
Grants)
– RDA’s/DA’s (Proof of Concept, CIC, Seed Funding)
– Funding Councils (HEIF and Scottish, Welsh, NI equivalents)
– Technology Strategy Board/Government Depts (SBRI)
– Nesta, Royal Society (Early Stage Venture Funding)
• Customer-led contracts eg
– MOD
• Regulation
– BSI
Driving Innovation
UK Landscape
Success factors - how well do we do?
Not
enough?
• Flow of investment
Equity Gap
POC (~£50-100K) => SEED(~£250K) => VC (£1m+)
• Entrepreneurs
Not enough
• Commercialisation skills
Shortage
• Lead customers/early adopters
• IP
Govt could do more
Output relatively low
• An ability to take to scale
• The right exit strategy
Often done overseas
Too many trade sales?
Driving Innovation
Emerging Technologies – our approach
• Lead national efforts to find and support
emerging technologies with disruptive potential
• Create a bigger pool of technologies from which to
select
• Develop better ways to evaluate the potential of
emerging technologies
• Explore new ways to accelerate early commercialisation
• Encourage research into better models
• We are particularly interested in the space extending
from proof-of-concept (technical feasibility or initial
commercial potential) to the first stages of commercial
development
Driving Innovation
Proof of Concept – how do we see it?
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Crucial first step in process
Suspect there are gaps in support
Want to understand existing support better with partners
already working in this space
Want to identify how best we can add value
Workshop with Unico, RCs and Regional Partners end
Jan 09 to consider UK support for pre-investment Proof
of Concept
Driving Innovation
www.innovateuk.org