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SOLENT INNOVATION GROWTH TEAM Presentation by: Nigel Vaughan Chief Executive, Solent Synergy Limited 23rd April, 2009

. 1. CONTEXT

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SOLENT INNOVATION GROWTH TEAM Presentation by: Nigel Vaughan Chief Executive, Solent Synergy Limited 23rd April, 2009

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    2. 1. CONTEXT – A STRONG PARTNERSHIP:

    3. 2. THE PROPOSITION: Proven public-private partnership. Business client driven needs understood. Significant commitment, cash & in-kind. New entity now formed to align and focus all innovation support resources: “Solent Innovation & Growth Network Limited” (SIGN) Opportunities like this are challenging to build, need to grab it NOW!

    4. 3. SOLENT IGT – WHERE WE ARE:

    5. 4. THE LEGACY: ENTERPRISE HUB NETWORK, INNOVATION ADVISORY SERVICE & SOLENT SYNERGY Advice for innovative businesses on how to accelerate their growth; Business plans and assisting with the raising of investment finance; Linking businesses of all sizes and creating collaborations; Connecting businesses to commercial and technical experts; Helping create spin-out companies based on underutilised technologies; Connecting local supply chain partners, particularly where mutually beneficial technology development opportunities exist. And ….. built the foundation of collaboration and goodwill for the new entity about to be born.

    6. 5. WHY THE INNOVATION & GROWTH TEAM (IGT) – AND WHY NOW?: Core, collaborative principles proven – local partners can work together. Overlap between organisations confusing and inefficient. Focus resources on most innovative, high growth potential businesses. Local entity, but with wider connections. Expertise and resource to sustain relevant support to businesses. Needs substantial financial support, but with aspiration to grow income. Now finalising model for implementation commencing 1st June 2009.

    7. 6. TIMELINE:

    8. 7. BUSINESS IDENTIFIED NEEDS: Investment readiness & access to finance. Product commercialisation. Support for research and development. Support, guidance & skills to manage a business. Up-skilling the labour force. Marketing, exporting and entering new markets. Knowledge transfer and collaboration.

    11. 10. GOVERNANCE “Not-for-Profit”, i.e. restricted from distributing profits, whether capital or revenue, which must be re-invested in pursuit of its objectives. Combination of Board and stakeholder Advisory Groups to ensure genuine dialogue and that actions are aligned to agreed goals. Board from initial parties below, with an overall business emphasis.

    14. 13. THE CLIENT JOURNEY

    15. 14. DELIVERY MODEL

    16. 15. IN-HOUSE TEAM

    17. 16. COLLABORATIVE PARTNERS

    21. 20. FUNDING SEEDA funding Ł2.6m in total over for 3 years. Initial sponsorship income Ł70K pa – aim to double in 3 years. Significant commitment has been forthcoming from partners. Also, model is aligned to other major, local initiatives (PUSH) who have made clear that they want to see the IGT continue beyond the 3 years.

    22. 21. CONCLUSIONS Partnership collaborations and commitment are proven. 3 year funding probably secure, long term model in development. Delivery capability significantly enhanced due to range of partners with proven track records. Challenges: Access to finance for ventures and SMEs. Recession will inevitably make conditions tough. WE WILL DELIVER!!!

    25. PROGRAMME DELIVERY:

    26. METRICS:

    27. IMPLENTATION PLAN:

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