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Yorkshire Concept Board Meeting 2 December 2008

Yorkshire Concept Board Meeting 2 December 2008. Emily Nott Relationship Manager – Research Councils. Presentation. Background Priorities Competitions Investments Emerging Technologies and Proof of Concept. Key facts. Investing around £1bn from 2008-2011 (with partner contributions)

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Yorkshire Concept Board Meeting 2 December 2008

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  1. Yorkshire Concept Board Meeting 2 December 2008 Emily Nott Relationship Manager – Research Councils

  2. Presentation • Background • Priorities • Competitions • Investments • Emerging Technologies and Proof of Concept

  3. 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

  4. 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

  5. Investment criteria

  6. £1 billion investment over 3 years 2008-9 2010-11 The innovation climate Challenge-led innovation Technology-inspiredinnovation

  7. Our strategy in 2 words

  8. Challenge-led innovation

  9. Challenge-led innovation Key application areas • Medicines & healthcare • Energy generation & supply * • Transport • Environmental sustainability • Built environment • Creative industries * • High value services

  10. Challenge-led innovation Innovation Platforms • Assisted living • Intelligent transport systems and services • Low carbon vehicles • Low impact buildings • Network security • Diagnosis and Identification of Infectious Agents - NEW

  11. 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

  12. What’s next? • Sustainable Agri-Food Supply Chain • Immersive Education • Water • Waste • Stratified Medicine • Sustainable Aviation • ??

  13. 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

  14. Technology-inspired innovation

  15. Keytechnology areas • Advanced materials* • Bioscience • Electronics, photonics and electrical systems* • Information and communication technologies* • High value manufacturing* • Nanotechnology • Emerging Technologies*

  16. The innovation climate

  17. 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 The Innovation Climate

  18. 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

  19. Integrated Products Manufacturing Bioscience for Business Aerospace and Defence Chemistry Innovation UK Displays & Lighting Sensors & Instrumentation Resource Efficiency Cyber Security bioProcessUK Electronics Materials Photonics Food Processing Nanotechnology Healthcare Technologies Modern Built Environment Industrial Mathematics Intelligent Transport Systems Digital Communications Location & Timing Grid Computing Now! Creative Industries Environmental Low Carbon & Fuel Cell Technologies Financial Services

  20. Knowledge Transfer Partnerships Individual Business Research Base Successful: For each 43 new jobs, £1 million 190 company staff trained, invested £2.97m increase in profit

  21. 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

  22. Competitions

  23. 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

  24. Our investments

  25. 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

  26. 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

  27. Our investments CR&D calls (April 04–Spring 07)

  28. Emerging Technology Perspective

  29. 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

  30. 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

  31. UK LandscapeSuccess factors - how well do we do? • Flow of investmentPOC (~£50-100K) => SEED(~£250K) => VC (£1m+) • Entrepreneurs • Commercialisation skills • Lead customers/early adopters • IP • An ability to take to scale • The right exit strategy Not enough? Equity Gap Not enough Shortage Govt could do more Output relatively low Often done overseas Too many trade sales?

  32. 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

  33. Proof of Concept – how do we see it? • 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

  34. www.innovateuk.org

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