Driving Innovation in the UKAcademia-Business-Government Creating New Products to Transform Business Dr Chris Barnett Pera Innovation, UK
Quality Cost Delivery UK Historical Market Drivers
Our Response in The 80s “We Can Provide Assured Quality” • Systemising quality within the organisation • ISO 9000/9001 • Integrating quality throughout the organisation • TQM & Kaizen • Guaranteeing quality to customers • Zero Defect, Q1 & SPC
Our Response in The 90s “We Can Reduce Costs & Deliver Faster” • Increasing productivity • Lean & 6-Sigma • Reducing working capital • Kanban • Delivering where & when you want • JIT & vendor parks
… and What About The 21st Century? “QCD improvements have not been enough!”
Quality Cost Delivery Developing The Value of New Ideas! Performance Flexibility Functionality Customer Relationship Innovation !
The European Challenge • Lisbon Strategy – March 2000 • Research • Innovation • Entrepreneurship • Preparing Europe for the 21st Century • Translating these aspirations into European and National initiatives and policies
UK Government Response • Enhancing the academic research base • Stimulating greater academia/business interaction • Supporting entrepreneurs • Establishing new innovative businesses • Creating an environment for innovation
UK Government initiatives • Support for Universities through • Infrastructure funding • Innovation funding – new seed venture capital • Business engagement funds • Since the late 1990s the UK Government has supported the universities to invest in state-of-the art equipment and buildings. • Established seed venture funds to stimulate commericalisaton of new innovative ideas • Supported entrepreneur education programmes • Provided funding to engage more effectively with industry to meet their technological and management needs.
Stimulate businesses to innovate • Rationalised and established new innovation support grants for business at regional and national level • Grant for Research and Development (€150k) • University Challenge Funds (€300k) • Technology Strategy Board funds (€1.5 million) • European support • EU Framework Programme 7 (€53 billion) • Stimulating proof of concept and development of new ideas arising from universities and business.
Entrepreneurship • Stimulating entrepreneurs within the academic sector. • Encouraging students during their university degree programmes. • Providing support funding student entrepreneurship activities. • Creating new innovating businessses
Driving Innovation • These UK initiatives have been designed to facilitate the leveraging of the UK science base for commercial exploitation. • Driving new technology start-up businesses and technology transfer to support the growth and development of existing companies. • Not necessarily supporting traditional manufacturing business in the UK • Academia/Business/Government working in partnership
Driving Innovation through business Value Chain Innovation Business Model Innovation Process Innovation Product Innovation Structural Innovation Application Innovation Frontier Research Revenue Growth Main Street (Mature) Death Valley Early Market Bowling Alley Tornado Main Street (Early) Main Street (Declining) Fault Line End Of Life Time Indefinitely Elastic Middle Period
UK objectives • Allow the UK to maintain and grow its global market position. • Maintain its global position for science and technology. • Provide greater prosperity and opportunity for the UK population • Stimulate innovation and entrepreneurship within the UK to match that of the USA
Established 1946 Employ 550+ people, turnover £42 million Offices in over 20 location world wide “Not for profit” organisation Independent Policy not to hold IP Pera Innovation
Pera’s core activities Delivering value across the business cycle Creating new business Financing Innovation Innovation Strategy Breakthrough Development Global Knowledge Global Partnering Sustaining competitive advantage Business Leadership Operational Improvement
Pera Innovation • In the last 4 years we have • Worked with over 1,000 companies • Secured over £200m of funding for clients • Delivered strategy, ideas, development & market entry • UK’s largest International partnering organisation • I-net, access to 25,000 scientists & engineers • 24 international technology scouts • Growing at 30% p.a. for the last 5 years • Understand how to turn ideas into growth & profit
Pera Groups Healthcare Knowledge Applied IT Polymers Mechatronics Composites Food Processing Sustainable Engineering
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Partnering with Pera • 35 Authoring Experts • 65 Support Writers • 25,000 Technical Experts • Over 100 Grant Applications Every Year • 85% First Time Approval Rate • 5 Times Better Than The Average Applicant • 10 Times Better Than First Time Applicants • Contractors, Evaluators & Advisors to the E.C. • Europe’s Leading Supply Chain Technology Facilitator Grant Acquisition Success