Connect and Catalyse a strategy for UK business innovation

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Connect and Catalyse a strategy for UK business
innovation
David Way Director of Operations
Innovation Nation Roadshow Bristol Zoo 29 July
2008
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What I am going to cover

• Our strategy for business innovation
• Challenge-led innovation
• Technology-inspired innovation
• Innovation climate
• How and what we deliver and how to engage

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The Technology Strategy Board is A national
body supporting business innovation for
business benefit for
economic growth
for quality of life
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• 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
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Our strategy in 2 words
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1 billion investment over 3 years
The innovation climate Challenge-led
innovation Technology-inspiredinnovation

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• Challenge-led innovation

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And the challenges have never been greater
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Challenge-led innovation

• Key areas
• Medicines healthcare
• Energy generation supply
• Transport
• Environmental sustainability
• Built environment
• Creative industries
• High value services

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Innovation Platforms

• A new approach to delivering innovation
• A sharp focus on a specific issue
• Designed to address major policy and societal
  challenges, by
• understanding how Government may use regulation
  and procurement to address each challenge
• engaging with business and the research community
  to identify responses - and the development needs
• supporting programmes to deliver innovative
  solutions

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Challenge-led innovation

• Innovation platforms
• Assisted living
• Intelligent transport systems and services
• Low carbon vehicles
• Low impact buildings
• Network security

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• Technology-inspired innovation

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Technology-inspired innovation

• Key technology areas
• Framework of areas to focus on
• Focus developed through consultation with
  business and government partners
• Each area prioritised by high value opportunities
  for resource investment

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Key technology areas

• Advanced materials
• Bioscience
• Electronics, photonics and electrical systems
• Information and communication technologies
• High value manufacturing
• Nanotechnology

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• The innovation climate

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Knowledge Transfer Networks

• National networks in a field of technology or
  business application
• Funded by the Technology Strategy Board
• Bringing together business, research bodies and
  the finance community
• to stimulate innovation through exchange of
  knowledge and expertise.
• Total KTN members over 30,000

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Electronics Enabled Products
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
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Knowledge Transfer Partnerships

• High calibre, recently-qualified individuals
  placed into businesses to work on innovation
  projects
• Exchanges knowledge spreads technical and
  business skills
• Brings new expertise and real benefits to
  companies
• Provides business experience for graduates
• Stimulates business-focused education and
  research in institutions

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Benefits of KTPs

• On average, during 2006-7, each 1 million of
  public investment in KTP delivered
• 43 new jobs created
• 190 company staff trained
• 2.97m increase in company annual pre-tax profits

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How to engage with us
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We deliver our strategy primarily through

• Collaborative RD Competitions
• Knowledge Transfer Networks
• Knowledge Transfer Partnerships

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We deliver our strategy primarily through

• Collaborative RD Competitions
• Knowledge Transfer Networks
• Knowledge Transfer Partnerships

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Criteria for investment

• UK capacity to develop and exploit the technology
  
• The right potential for impact in the right time
  frame
• The size of the global market opportunity
• A clear role for the Technology Strategy Board to
  add value

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The Ideal Project (though there is no such thing!)

• A business driven consortium with an innovative,
  yet clear commercial opportunity that they have
  the capacity to develop and exploit.
• The development of realistic project deliverables
  and applications that open up significant market
  opportunities for the consortium within growth
  markets.
• A sustainable project that reaches beyond the
  consortium to benefit the wider market, the
  environment and society and that represents good
  value for money, yet an element of risk.

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Types of Project
Blue sky
Feasibility
Tech. Dev.
Tech. Demo
System Dev.
System Qual.
Prod. Proto.
BAS
APP
EXP
TRL 1 2 3 4
5 6 7 8 9
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Gateway questions

• Does the application align with the specific
  priority?
• Current Calls
• Creative Industries Feasibility 15k 75
• - Fast Track 50k 50
• Assisted Living Smart Care Distributed
  Environment 5m for 5-10 projects.

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Gateway questions

• Does the Technology Strategy Board funding add
  value?
• To demonstrate this applicants need to provide
  evidence that
• success in the competition will increase the
  total amount of money the consortium partners
  spend on Research Development in the UK
• and either
• why the consortium partners are not funding the
  project themselves or
• why the Technology Strategy Board funding would
  allow them to undertake the project differently,
  and why this would be beneficial to the UK.

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Assessment Criteria
EoI Criteria
Question 1 What technical approach will be
adopted and how will the project be
managed? Question 2 - What is innovative about
this project? Question 4 What is the size
of the market opportunities that this project
might open up? Question 6 What are the
expected quantified commercial benefits and what
is the timescale over which these will be
realised?

• Question 1 What technical approach will be
  adopted and how will the project be managed?
• Question 2 - What is innovative about this
  project?
• Question 3 Does the consortium have the right
  skills and experience to deliver the intended
  benefits?
• Question 4 What is the size of the market
  opportunities that this project might open up?
• Question 5 - What are the possible applications
  of this project and how do you intend to
  disseminate and exploit the results? What
  Intellectual Property (IP) will be generated and
  how will this be identified and managed?
• Question 6 What are the expected quantified
  commercial benefits and what is the timescale
  over which these will be realised?
• Question 7 What economic and sustainability
  benefits is the project expected to deliver to
  those outside the consortium and over what
  timescale?
• Question 8 - What are the risks (technical,
  commercial and environmental) to project success?
  How will the business strategy of the consortium,
  the technical approach and project management
  help to mitigate these risks?
• Question 9 What is the financial commitment
  required for the project?

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In summary

• We are looking to invest in collaborative RD
  projects in our strategic priority areas, that
  lead to wealth creation in the UK, with the best
  team
• We welcome academic partners in projects where
  these add real value
• Knowledge Transfer Networks are a good way to
  learn about and influence what we do
• A Knowledge Transfer Partnership may suit you
  better for knowledge exchange
• Further details of Technology Strategy Board on
  www.innovateuk.org
• Further details on collaborative R D
  competitions on
• www.technologyprogramme.org.uk

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www.innovateuk.org