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Innovation in Greater Manchester Introduction: Jane Davies, Chair Manchester Innovation Group Presentation: Alison Gordon, New Economy Areas to cover • • • • Synthesis of Evidence Key recommendations Proposed Deliverables Next steps The evidence The Foresight Report – key recommendations People and Knowledge: – Building a consistent and coherent narrative about Manchester as an innovative city to coordinate the messages of Manchester as a place to live, work and play. –Business, enterprise, creativity and entrepreneurship – core curriculum offer –Greater Manchester Mentoring Scheme Services: –public procurement –Services: public services connected to user demand through engagement and trialled through Laboratory Manchester concept Finance: –creation of a City Region proof of concept fund –Finance: business angel networks including professional advisors The evidence Stimulating Business Innovation – key recommendations People and Knowledge: – promote a business-led innovation partnership network. – develop strategic intelligence on Manchester’s enterprise and innovation base – position Manchester as an exemplar of business innovation partnership delivery Business Services: – promote high profile annual innovation awards – support the development of collaborative projects between global companies and Manchester businesses and organisations i.e. P&G model –Investigate use of public procurement to support SMEs and foster innovation Finance: – establish a proof of concept fund The evidence Developmental Panel – key recommendations (draft) People and Knowledge: – Establish a distinctive and coherent innovation brand equity for Manchester – Develop strategic intelligence metrics, location, challenges and opportunity – Embedding entrepreneurship and enterprise into the Manchester curriculum Services: – ensure university technology centres build in applied innovation elements linked to Manchester firms – Universities to provide easy to navigate entry points that support innovation in SMEs – Establish infrastructure to simplify routes to market including international markets. Finance: – creation of a City Region proof of concept fund – systematically link incubators, science parks and facilities with private investment to support grow-on – Investigate “slivers of time” model to support innovative entrepreneurs. Common Recommendations People and Knowledge: – Single innovation narrative – strategic intelligence – Embedding entrepreneurship and enterprise into the Manchester curriculum – Academic/public/business mentoring programme Services: – Investigate use of public procurement to support SMEs and foster innovation – incentivising innovative applications – provide easy to navigate HEI entry points that support application devt in SMEs Finance: – creation of a City Region proof of concept fund – investigate alternative finance and professional support for innovators. Further key area Creativity – innovation in the creative sector and working with the creative potential of “mainstream” services Business and services: potential projects 1. Embed transformational opportunities and applications into the local economy – to secure commercialisation benefits of “big science” innovation such as graphene for Manchester. – Submit private sector led partnership bid for sustainable urban infrastructure Technology Innovation Centre. – Secure next generation broadband across GM to boost digital connectivity. 2. Establish an Innovation Challenge programme including: – Public sector innovation challenge – Annual Innovation Awards e.g. MAG/Chamber Innovation Awards 3. Develop and test alternative public procurement methods to foster innovation and support SMEs 4. Work with HEIs to map and simplify access for and to SMEs Finance: Potential projects 5. Work with industry experts to test potential for early stage “proof of concept fund” and alternative financial options for innovative entrepreneurs. 6. Develop an appropriate support service for innovative start-ups – providing access to cheap professional support and mentoring from businesses and individuals who have been there. People and Knowledge: Potential projects 7. Develop a single narrative to allow Manchester’s leaders to act as ambassadors for Manchester innovation 8. Develop a strategic intelligence resource • Location, metrics, opportunity and challenges 9. Develop a programme of activity linking innovators and entrepreneurs to schools Next Steps • Subject to LEP approval on direction of travel used a reinvigorated Manchester Innovation Group (MIG) to: – Provide clarity on leadership inc. diversify MIG membership – Further develop proposed actions – Consult with a wide range of stakeholders (inc universities) to bring forward proposals on delivery arrangements