Stimulating & Supporting Innovation

1. Stimulating & Supporting Innovation Dr Debbie Buckley-Golder Head of Research Engagement Technology Strategy Board 12 March 2014

2. “In the future we will not be able to compete on the world stage with low labour costs or by exploiting vast reserves of mineral resources. We will have to compete with our brains and with our science.” Sir Paul Nurse ‘The New Enlightenment’ Richard Dimbleby Lecture February 2012

3. Technology Strategy Board • UK’s innovation agency .....accelerating economic growth by stimulating and supporting business-led innovation

4. Will itbring new ideas and technologies more quickly to market?

5. How we provide support Range of tools with different objectives/characteristics Concept to commercialisation

6. How we provide support Tools involving Academia Concept to commercialisation

7. TSB interaction with the research base • 56% of the money we invest is with projects involving the research base. • 36% of our total investment goes to the research base (this includes RC co-funding). 30% of TSB investment is with the research base. • 76% of total grant to research base goes to 25 organisations. • 15-20% KTN members are from the research base. • 18% _connect members are from the research base.

8. Collaborative R&D • KEY FEATURES • Encourages businesses and researchers to work together on innovation • Co-funds partnerships between businesses, and business and academia • Helps create successful new products, processes and service

9. KEY FEATURES • Access knowledge, technology and skills from our knowledge base • KTPs let businesses work in partnership with academic institutions • Gain access to experts to take your organisation forward

10. KEY FEATURES • A network of world-leading technology and innovation centres • Helping business transform ideas into new products and services • More than £1bn of investment over the next few year

11. SMEs – why work with the research base? Networks... links with high quality academic institutes is a great way to build a business The best selling andriod app of 2012 Links with Cambridge University Research base is essential... Provides essential resources and fantastic opportunities...and we need the animals Technology for animal health monitoring Links with Roslin Institute & Glasgow Caledonian Working with UK research base, why would you not? UK has incredibly fertile institutes putting resources in solving problems...gives us first pick of interns and graduate employees Advanced engineering materials Links with Liverpool University

12. Oxitec winning the war against insects • Green Weapon • Bringing the research of British scientists to world market " If it is a true innovation that you have then not only do you have the challenge of proving the products itself, but you must also develop - or help to develop - all that infrastructure yourself... and a single company cannot do all this on its own." Hadyn Parry Chief Executive Officer

13. A Landmark in British Innovation “We have been manufacturing hip implants for four decades but this partnership has allowed us to diversify our product portfolio. The KTP has been a success and most importantly the VAIOS shoulder is helping patients worldwide; achieving excellent clinical results from over 200 implantations during the initial evaluation launch, and providing the opportunity for us to widen our export reach into South America, Australia and the USA.” Howard Widdall, Sales & Marketing Director

14. Clyde Space and Strathclyde University • Building UK’s first nanosatellite system • Puts Scotland at forefront of CubeSat technology • £1m raised in venture capital • Developed from subsystem supplier to builder of whole satellites • Project generated £500k in funding for Strathclyde University • Associate now employed to oversee CubeSat programme

15. Helitune Ltd and University of Bristol • Developed and deployed a novel algorithm (Minimum Flight Routine) which processes in-flight data for rotor track and balancing. • Transformed the helicopter market’s perception of Helitune equipment. ‘The whole management team feel the value of KTP. The culture of the business has changed and it has given us confidence to invest more in R&D, which can only be a good thing.’ Peter Morrish , Technology Manager, Helitune

16. Universities have extraordinary potential to enhance economic growth. Incentives should be strengthened to encourage maximum engagement in an enhanced Third Mission alongside Research and Education, and universities should make facilitating economic growth a core strategic goal. Witty Review 2013

17. How can we all work together to develop innovative technologies for future markets? • Research base is engaged across our thematic priorities and toolkit in business-led activities. • Business tells us they want to work with the research base. • Still more to be done to make it easier for businesses to work with research base • Effective relationship brokering • Addressing IP barriers • Academic motivation and culture • Improving access to highly skilled students and early career researchers

18. THANK YOU Dr Debbie Buckley-Golder Head of Research Engagement Technology Strategy Board Debbie.buckley-golder@tsb.gov.uk