innovation and r&d escalator workshop: nick bassett - introduction to innovate uk
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Innovation and R&D Escalator Workshop: Nick Bassett - Introduction to Innovate UK.TRANSCRIPT
BBSRC Bioscience for Industry Meeting
Nick BassettLead Technologist, Biosciences
September 2014
InvestNI and Innovate UK - Working together
Belfast
Nick BassettLead Technologist, Biosciences
December 2014
The aim is to cover:
•Who we are
•What we do
•Where you look
We accelerate
economic growth
by stimulating and
supporting
business-led
innovation.
UK’s innovation agency for business...
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
What are our Criteria?
Capability:
Can the UK do it?
Market:
Is there a large market
opportunity?
Timing:
Is the idea ‘ready’?
Additionality:
Can we make a difference?
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
Market readiness
ResearchCouncils
Commercial Invest.Venture Capital
Blue sky
Feasibility
Technology Demo
System Dev.
System Qual.
Technology Development
Prod. Prototype
Commercialisation
Types of Project…
Pre-industrialResearch
IndustrialResearch
ExperimentalDevelopment
Technology Strategy Board
Anticipated commitments in priority areas, 2014-15
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
Collaborative Research and Development- Used to drive engagement between businesses or
with universities – in themed areas and communities
Smart- Used to support single companies in areas they
choose
- Proof of market, proof of concept & prototype
SBRI- Contracts with Gov. Depts. that lead to procurement
From the toolset, what are the most relevant tools?
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
From the toolset, what are the most relevant tools?
LaunchPads• 2 minute video Application process
• First run in Tech City in 2011 - 15 of 18 companies successful
Missions• Joint activity with UK Trade & Investment (UKTI)
• Take new companies to a global centre in their area where they meet potential customers, suppliers, competitors and funders
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
What they do:
• Technology and innovation centres
• Businesses, scientists and engineers can work together on R&D
• Reduce innovation risk
• Assist taking new products and services to market quicker
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
The existing 7:
- Cell Therapy Catapult - High Value Manufacturing Catapults
- Offshore Renewable Energy Catapult - Satellite Applications Catapult
Connected Digital Economy Catapult - Transport Systems Catapult
- Future Cities Catapult
2 more Catapults coming soon:
The Precision Medicine Catapult
Energy Systems catapult
• Driven by business need
• Annual project budget of ~£65k
• Typically:
- 67% grant funding for SME
- 50% for large company
• Project length typically 2 years
• 90% success rate for proposals
- Pre-proposal checks and process supported
by network of 24 Regional KTP Advisers
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
Knowledge Transfer Partnerships (KTPs)
• Agri-Tech Catalyst• Biomedical Catalyst• Energy Catalyst• Industrial Biotechnology Catalyst
• Rolling competitions and you can apply at any time
• Different levels of funding depending organisation & project
• There are 3 main phases of funding:
• Early-stage feasibility studies• Industrial research such as prototyping, field trials or market testing• Late-stage testing in a real-life environment
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
Technology Inspired Feasibility Studies• Up to £2m Competition
• Single stage competition process
• Projects must be business-led
• Open to small or micro companies only
– working either singly or in collaboration
with one other small or micro company
• Projects can last up to four months
• Total project costs must not exceed £33k
– InnovateUK contribution up to £25k
• Project focus pre-industrial research
• Collaboration Nation event
Register by 14th Jan 2015, closes 21st Jan 2015 (noon)
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
Scope:
• Biosciences• Information & Communication
Technology• Electronics, Sensors &
Photonics• Advanced Materials
• Built on the foundation of our 2011-2015 strategy, Concept to Commercialisation.
• Highlights our planned our activities for this Financial year.
InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014
Thank you
www.innovateuk.org
07717 336481