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John Latham

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Provide baseline data upon the levels of innovation within ... Birmingham/Worcester Corridor. The Coventry, Solihull, Warwickshire Triangle' Regeneration Zones ... – PowerPoint PPT presentation

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Title: John Latham


1
John Latham
  • Coventry University Enterprises Ltd

2
West Midlands Regional Innovation Strategy
  • Outcomes and future actions

3
RIS Objectives 1996-99
  • Provide baseline data upon the levels of
    innovation within the regions business sectors
  • Make a series of strategic recommendations
    designed to help increase regional innovation
    activity
  • Close the gap in productivity with the UK (and
    European) average

4
RIS Outcomes
  • Regional Innovation Strategy Document
  • 20 point action plan under four cornerstones
  • Exploit and improve regional capability via
    on-going review of sectors, research and
    technology
  • Catalyse collaborative innovation activity via
    business networks and networking between the
    science base and industry
  • Increase investment in research, development and
    design equipment skills and training
  • Enhance innovation culture and spread good
    practice.

5
RIS Objectives
  • To begin the implementation of RIS
    recommendations and set up pilot projects and
    pilot networks
  • To continue the study of sectoral needs and
    trends and economic/innovation analysis in the
    region
  • To share and exchange ideas and good practice
    with comparable RIS/RITTS regions elsewhere

6
Methodology
  • Research into the sectoral needs and trends
    within the region
  • Delivery of pilot projects aimed at improving the
    innovation capabilities within the regions SME
    base
  • Exchange of best practice with comparable regions
    (particularly with Finnish and Swedish regions)
  • 8 working groups called business growth task
    groups

7
Objective 1 - pilots
  • WM Investment Fund (Advantage Technology Fund)
  • The establishment of a funding mechanism to make
    available relatively small amounts of capital
    investment to stimulate the creation of
    innovative, technology based, high growth
    potential SMEs within the region.
  • 8 deals completed, 4.9m invested, 30 jobs
    forecast

8
Objective 1 - pilots
  • Coventry Warwickshire Enterprise Fellowship
    Scheme
  • The Scheme aim was to establish 21 Fellowships
    over the next two years to increase the formation
    of spin off companies particularly from the
    academic knowledge base.
  • Additional funding was secured to roll out the
    programme to the whole of the West Midlands in
    2002 as a result of the successful pilot.
  • 13 fellows, 31 jobs created, 8 start up companies
    created

9
Objective 1 - pilots
  • Regional Foresight (FORENSIC)
  • The creation of a new approach for West Midlands
    SMEs to anticipate and prepare for the future and
    stay ahead of the competition
  • Directly concerned with Scenario Planning and
    developing visions of the future in the regions
    key economic sectors
  • Non-discriminatory access to the foresight
    process for small and large companies alike.
  • 2256 SMEs assisted, 384 SMEs at seminars, 61 SMEs
    improved

10
Objective 1 - pilots
  • WM Regional ePortal
  • The e-Portal provides an electronic open door for
    the region.
  • It supports the task of developing regional SME
    networks and partnerships.
  • The second phase will concentrate on added
    functionality, showcasing new technology and
    developing further links with other initiatives
    in WM.
  • 250 SMEs advised, 5 jobs created, 3-4000 hits per
    month

11
Objective 1 - pilots
  • MONTAGE
  • Meeting Organisations Needs Through Audits,
    Grants and Exploration
  • Innovation and technology identification through
    technology/innovation audits
  • Technology stats through a Technology Watch
    service
  • RTD stimulation through grants and access to
    finance
  • 258 jobs created, 584 SMEs assisted, 43 grants
    approved, 42 products developed, 44 new processes
    developed

12
Objective 1 additional activity
  • Partner programmes emerging from the growing
    culture of innovation
  • CONTACT Universities working with Business
  • Collaborative project between all WM HEIs
  • Mercia Institute of Enterprise
  • Entrepreneurship training and techology transfer
  • Mercia Spinner
  • IP identification, management and spin out
    company formation from WM HEIs
  • Connect Midlands
  • Linking new firms to sources of finance

13
Objective Two - research
  • Creation of Regional Innovation and
    Competitiveness Observatory
  • Seven research reports
  • Developments in the Automotive Industry
    2000-2015
  • The e-commerce revolution and its impact on
    firms, premises and location in the West
    Midlands
  • The Development of Nanotechnology
  • Innovation in the Medical Devices/Supplies
    Industry
  • Urban-Rural Interdependencies, Policy and
    Innovation
  • A Baseline Study of E-Business in the Region
  • A study of Techno Based Entertainment and
    Tourism.

14
Objective Three - exchanges
  • Study tours to exceptional innovative regions to
    exchange ideas
  • Senior group of WM partners exchange of best
    practice visit to Finland and Sweden
  • IRE and RITTS meetings and conferences
  • West Midlands leading the thematic network SAIL
    on innovative academic and industrial
    co-operation.

15
Mainstreaming the RIS
  • RIS research influenced mainstream economic
    strategy directions
  • Development of Clusters based on original BGTGs
  • Market facing groupings
  • Action plans led by private sector
  • Innovation as cross-cutting theme of action plans
  • Engagement with knowledge base
  • Networking for competitive advantage

16
The cluster model
17
The 10 clusters
  • Building Technologies
  • Transport Technologies
  • Environmental Technologies
  • Medical Technologies
  • Specialist Business Services
  • ICT
  • New Media
  • High Value Added Consumer Products
  • Food and Drink
  • Tourism and Leisure

18
High Technology Corridors
  • Telford / Wolverhampton Corridor
  • Birmingham/Worcester Corridor
  • The Coventry, Solihull, Warwickshire Triangle

19
Regeneration Zones
  • North Staffordshire
  • Marches
  • North Black Country South Staffordshire
  • West Birmingham South Black Country
  • East Birmingham North Solihull
  • Coventry Nuneaton

20
Key lessons and future actions
  • Success has been in our ability to engage all
    sections of the business, support and knowledge
    communities
  • Extending this further into voluntary and
    community partnerships will be a priority for the
    future.
  • E-portal as dissemination mechanism for research,
    ongoing and future projects to ensure sharing of
    best practice
  • Currently being developed is a proposal for the
    Regional Innovative Actions Programme.
  • Critical evaluation of RIS and RIS by June 2002.
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