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Concept to Commercialisation A strategy for business innovation, 2011-2015

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Concept to Commercialisation A strategy for business innovation, 2011-2015. Our goal is to accelerate economic growth by stimulating and supporting business-led innovation. Our 5 Strategic Focus Areas. Accelerating the journey – from concept to commercialisation

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Presentation Transcript
slide1
Concept to

Commercialisation

A strategy for business innovation, 2011-2015

our 5 strategic focus areas
Our 5 Strategic Focus Areas
  • Accelerating the journey – from concept to commercialisation
    • How businesses can get to market sooner - and more effectively
  • Connecting the innovation landscape
    • Helping companies to find the best answers, expertise and help
  • Turning Government action into business opportunity
    • Where Government procures, regulates, standardises...
  • Investing in theme areas based on global potential
    • Large markets which the UK is equipped to exploit
  • Continuously improving our organisational capability
    • Impact assessment, metrics, measures, efficiency, effectiveness.
the toolset
The Toolset

Smart

Collaborative R&D

Launchpad

smart awards
Smart Awards

Proof of Market

  • Up to 9 months
  • Up to £25k grant
  • Up to 60% of project costs

Proof of Concept

  • Up to 18 months
  • Up to £100k grant
  • Up to 60% of project costs

Prototype Development

  • Up to 2 years
  • Up to £250k grant
  • Up to 35% of project costs (medium) or 45% of project costs (micro / small)
launchpad
Launchpad

Stimulating cluster growth

Pilot in Tech City

  • Launched April 2011
  • Up to £100k grant for digital projects up to 1 year, 50% grant
  • 200+ video clip applications
  • 40 shortlisted for full applications
  • 18 grant offers – contingent on raising matching external finance within 1 year
  • 14 projects raised funds (equity from angels / crowdfunding, debt, partner development contracts)
  • 1 project complete... Makielab: from idea to product launch in 6 months and $1.4m funding raised

Considering further Launchpads in 2013 and beyond

knowledge transfer networks
Knowledge Transfer Networks

Aerospace and Defence

Biosciences

Chemistry Innovation

Creative Industries

Electronics, Sensors & Photonics

Energy Generation and Supply

Environmental Sustainability

ICT

Financial Services

HealthTech& Medicines

Industrial Mathematics

Materials

Modern Built Environment

Nanotechnology

Transport

www innovateuk org
www.innovateuk.org

Nigel Walker

Access to Finance

Technology Strategy Board

Nigel.walker@tsb.gov.uk

07824 418360