carriageworks innovation centre 2016

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Swindon’s Technology Skillsbase

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Page 1: CarriageWorks Innovation Centre 2016

Swindon’s Technology Skillsbase

Page 2: CarriageWorks Innovation Centre 2016

• Office Space and Housing – 45% cheaper than

Reading, 28% cheaper than Bristol

• Great outdoor lifestyle opportunities

• We’re working on retail, culture, food, entertainment!

Financial and Lifestyle Incentives

Page 3: CarriageWorks Innovation Centre 2016

Create new, high-value, employment opportunities

Bring people with high levels of disposable income into

the Town Centre.

Benefits Of Active Innovation Support

Page 4: CarriageWorks Innovation Centre 2016

Typical Innovation EcoSystem

EntrepreneursSponsoring

Partners

Private Sector Investment

Higher Education

Bodies

Trade Organisations

Market

Standards Bodies

Page 5: CarriageWorks Innovation Centre 2016

Our Railway Heritage Quarter

Page 6: CarriageWorks Innovation Centre 2016

“Carriage Works”

Page 7: CarriageWorks Innovation Centre 2016

• Permanent tenants (commercial, local government,

higher-education)

• New ventures (an “incubator”)

• Networking opportunities (meeting rooms, business

lounge, event facility)

Carriage Works Carriage Works Potential Customers

Page 8: CarriageWorks Innovation Centre 2016

• Enterprise and consumer software applications

• Device management

• Network modelling, operation and management

• Hardware design and prototypes

• BIS “Smart Cities” focus?.............

Incubator

Page 9: CarriageWorks Innovation Centre 2016

• Largest town urban expansion in England

• New models of service delivery,

• Energy

• Water

• Waste

• Transport

• “Assisted Living”

Incubator – “Smart Swindon”

Page 10: CarriageWorks Innovation Centre 2016

“Suitable new ventures must have,

• A significant market opportunity,

• A strong team with deep domain knowledge and real tenacity,

• Intellectual property that creates authentic barriers to entry,

• International ambition”Eden Ventures

Incubator Entry Criteria

Page 11: CarriageWorks Innovation Centre 2016

• Rental revenue

• Rates revenue

• Products, IP and patents

• Research opportunities for grads and post-grads

• Work experience opportunities for UTC students

• .....and of course, well-paid jobs

Carriage Works Direct Benefits

Page 12: CarriageWorks Innovation Centre 2016

• Encourage local technology companies to remain in the

Borough and expand their operations

• Encourage inward investment

• Support general economic development across the county

• Support government and EU desire to promote innovation

Carriage Works Derived Benefits

Page 13: CarriageWorks Innovation Centre 2016

Business case ...

• Align initial scope with relevant regional initiatives (to avoid

obvious duplication and address funding opportunities)

• Define stakeholder engagement model and plan

• Identify success criteria and revenue streams

• Identify partners

Carriage Works Next Steps

Page 14: CarriageWorks Innovation Centre 2016

• Agree governance - commercial and technical

• Secure funding - matched funds (public/private)

• Secure site

• Land first occupants

• Soft launch 2016

Carriage Works Next Steps