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Technology & Innovation…… The past, the present and the future…..?

Technology & Innovation…… The past, the present and the future…..?. Andy Button Divisional Technology Banking Manager HSBC Bank plc InfoLab21 : Technology Matters 6th September 2006. The Global Business Environment. The Internet Location irrelevant Productivity

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Technology & Innovation…… The past, the present and the future…..?

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  1. Technology & Innovation……The past, the present and the future…..? Andy Button Divisional Technology Banking Manager HSBC Bank plc InfoLab21 : Technology Matters 6th September 2006

  2. The Global Business Environment • The Internet • Location irrelevant • Productivity • Network-centric not location-centric • Think globally, act locally

  3. Globalisation • E-Commerce markets are not the same as old markets!! • Networked markets can change suppliers overnight!! • What happens to markets happens amongst employees!! • Markets know more about products than companies do!! • Markets are smarter, faster and more informed!! • Exponential change is like a runaway train…….by the time you see the danger, it’s too late!! (kind permission of Peter Cochrane)

  4. The Knowledge Economy • Science & Innovation Investment Framework - Chancellor July 2004 • £185m (124 awards) over next 2 academic years under HEIF 2 • R&D spend to increase to 2.5% of GDP by 2014 • Wellcome Trust expects to commit £1.5bn in UK over next 5 years • Technology & Innovation accounts for 8% of GDP

  5. What is Innovation? “The commercial application of new ideas” • USP provided by science/technology • Invention + entrepreneurship • more growth in last 150 years than previous 1000 • Contrast China 7th - 12th centuries • invented paper, movable type, clocks, gunpowder • but government prevented wide exploitation • Japan 1950-95: 55% of tech came from UK

  6. The Knowledge Economy • Science & Innovation Investment Framework - Chancellor July 2004 • £185m (124 awards) over next 2 academic years under HEIF 2 • R&D spend to increase to 2.5% of GDP by 2014 • Wellcome Trust expects to commit £1.5bn in UK over next 5 years • Technology & Innovation accounts for 8% of GDP

  7. Microsoft Corporation1978

  8. “I went to my bank first and met a very nice chap, very friendly. It turned out he was normally doing things like lending money to people to set up newspaper shops. He did not really feel qualified to comment on my adaptive non-linear pattern recognition technology. But he did give me a good piece of advice, which I carry with me even now, which is that people will always buy confectionery.” Mike Lynch CEO and founder of Autonomy. 5 Dec 99

  9. Business Characteristics High growth rate Fluctuating cash needs Business inexperience New market/technology Low fixed assets ratios High gearing ratios Steady growth forecasts Stable cash-flow forecasts Track records Documented market Good fixed asset ratios Low gearing ratios The Empathy Gap Banks Prefer

  10. Start-up Investment Profile Value Risk Friends & Family Venture Capital Angel Investors Investment Banks Equity Gap Time “Seed” 1st Round 2nd Round Mezzanine IPO

  11. The Business Plan Choose a card ……. keep it in your mind for a few seconds…………..

  12. The Business Plan Card has disappeared!!!!!! • The business plan should contain realism • - avoid “smoke & mirrors!”

  13. Understanding the Technology Does it work? Risk USP/ How innovative? Market? Timeliness? Longevity? Family of products? Management? IPR? Priority

  14. “The Present……. ” • Wireless technologies - Bluetooth, Wi-Fi & 3G • Broadband - networks & infrastructure/ ASPs • Network security - viruses • Smart card technologies/ biometrics • Radio Frequency products • Nanotechnology • Biotech (drug discovery, diagnostics & devices) • “Green” & Environmental - Renewables • Digital Media & Software

  15. Famous past quotes……!!!!!!!! • “I think there is a world market for maybe five computers” (1943) • “Computers in the future may weigh no more than 1.5 tons” (1949) • “But what………is it good for?” (1968) • “There is no reason anyone would want a computer in their home” (1977) • “640k ought to be enough for anybody” (1981)

  16. The Future……? • VDU displays will come in rolls like wallpaper • Quantum computing • Utility computing • Omnipresent Computing • Telephone communications will be virtually free • Desert Reclamation including new megatechnologies • Ocean Farming • Genetics will give new biomimetic materials and “designer” foods • Expert systems will redefine artificial intelligence • Micromachines • Automated Transport Systems • Virtual reality

  17. Reliability Resolution ‘Rchitecture Route Risk Reward And finally…

  18. Why the business plan? “If you do not change direction, you may end up where you are going” Lao Tzu (604 -531 BC)

  19. Technology & Innovation……The past, the present and the future…..? Andy Button Divisional Technology Banking Manager HSBC Bank plc Thank you.

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