science capital 9 june 2015 meeting
TRANSCRIPT
Advisors Meeting4-6 pm Tuesday 9 June 2015
at Wragge Lawrence Graham & Co
Annual Report 2010
1. The Challenge
2. Track-record and assets
3. Value
4. Exploration of partnership opportunities
5. Potential structure in the future
6. Any other business
“In our globally competitive economic environment,
never before has there been a greater need for:
• a talented, enterprising workforce
• innovation in product and service development
• thriving culture of entrepreneurship
• leading scientific & technological development
• world‐class research that attracts investment”
A Review of Business–University Collaboration Professor Sir Tim Wilson DL February 2012
The Challenge
“A lot of the stuff coming out of universities is still
too early stage for businesses to invest in and the
universities themselves don't have the capability of
commercialising them”
“Many innovative companies in the Midlands
lacked the basic business skills - such as
marketing, sales and delivery - needed to take their
ideas to a global market”
UK Trade & Industry Meeting @ BSP-A, Insider, 30.3.2012
The Challenge
Richard Butler, West Midlands CBI director:
“Most businesses think we need to get our act
together to compete with the Northern Powerhouse.
There is a lot of fragmentation…”
Innovation the key to regional growth - KPMG event, Business Desk 17.4.2015
The Challenge
David Hardman, Innovation Birmingham director:
“So, why does it feel like I'm fighting a losing battle
when trying to change the perception of London-
based influencers?”
Fighting a losing battle for Birmingham's tech sector, Birmingham Post, 13.3.2015
The Challenge
David Hardman, Innovation Birmingham director:
“If we consider the four elements of a knowledge
economy (private sector, public sector, academe
and citizens), then Birmingham can readily
proclaim itself to be a ‘Knowledge City’.”
Birmingham is a Knowledge City and a Tech City. Birmingham Post, 18.5.2015
The Challenge
Birmingham Made Me
The Challenge
Birmingham Science City
Innovation Birmingham
Tech City
Knowledge City
Science Capital
Innovation Engine
Smart City
Lunar Society Centre of Enterprise
The Challenge
Valuable Ideas
new products, services, companies
Innovation funnel
Science Capital
West Midlands
centre of the
6th largest mega region
in the world
which has an economic
output of $1.2 trillion
R Florida et al, 2007
Birmingham
The Challenge
hot spot
black
hole
focussed
excellence
more
mediocrity
The Challenge
neutral Dublin
Edinburgh
Liverpool
Sheffield
Cambridge
LondonOxford
Bristol
Birmingham
Paris
Brussels
Amsterdam
growth in scientific impact
from CW Matthiessen, Urban Studies, 2010
The Challenge
NUMBER OF CITATIONS
NU
MB
ER O
F P
AP
ERS
CW Matthuessen et al, 2010
The Challenge
REF2008 RAE2014
3149 3133Number of West Midlands researchers:
The Challenge
WM university share of research funding:5.63% (RAE2014)
1
2
3
4
5
6
7
8
9
10
11
Warwick
Birmingham
Keele
Aston
Coventry
Birmingham City
Wolverhampton
Worcester
Staffordshire
Harper Adams
Newman
UK Research Funding to WM universities:
population share: 8.75%
GDP share: 15%
innovation deficit: £49-148m
£89m
The Challenge
0
10
20
30
40
50
60
70
80
90
1 2 3 4 5 6 72008 2009 2010 2011 2012 2013 2014
Patents Issued
Bham
Warwick
Aston
West Midlands universities intellectual property
Weaknesses
joblessness, skills, apathy
vision & brand dissonance
public sector dependency
low tech manufacturing
transportation systems
Opportunities
mobile entrepreneurs, SMEs
global business expansion
high value manufacturing
export-driven economy
developing markets
Threats
entrepreneurs leave
demographic change
continued globalisation
climate change & energy
security
Helpful Harmful
Exte
rnal facto
rsIn
tern
al to
regio
n Strengths
geography, central location
size, youth & diversity
innovative culture
universities, colleges, NHS
legal & business services
SWOT analysis of the region’s economy
The Challenge
Energy alternatives
Climate change
Transport
Ageing
Cancer
Infection
Security
Education
Social media
Low Carbon
Advanced Materials
Innovative Healthcare
DigitalWorld
The Challenge
How?
75 engaging speakers...
1700 delegates exchanging ideas...
How?
Through thousands of valuable new connections...
How?
Through publishing 65 videos...
How?
Heather DuncanBirmingham Children’s Hospital
By 57 people presenting their business plans...
How?
Facts and figures
won Carbon Trust backing with production of Raised Loft Floor based in the Midlands
won the West Midlands’ Export for Growth prize and launched solar docking station
generated new business relationships, partnerships and contracts in Birmingham
generated investments and validated product
Presenters of business plans included
Facts and figures
won TSB support to produce footwear to aid in the treatment of diabetic foot ulcers
Grew their business and environmentally friendly / microbial product line
Launched product line and 3 locations
Presenters of business plans included
Facts and figures
How useful was the business plan session to you on a scale of 1 to 10 ?
(1=Not at all, 10=Definitely)
9 ± 0.4
“...a potential investor offered to invest a significant amount”
“The business presentation illuminated key issues and strategy”
“Met some greatcontacts withon-going relationships”
“We recruited a business advisor and we’ve been progressing rapidly”
“A very helpful experience which I would definitely recommend to anyone”
Facts and figures
• independent open forum
• non-profit SME that helps other SMEs grow
• cross sector: academic, business and industry
• spans the West Midlands
• inclusive and diverse
• corporate social responsibility channel
• competitive with London and Manchester
Brand
Team of committed directors
50+ volunteer professional advisors
Sponsors including small & large companies
Thousands of members and subscribers
Assets
Track-record of 17 successful events
Event management guidebook, templates
Financially sustainable non-profit
Assets
websites and internet domains
social media channels
European Trademark: “SCIENCE CAPITAL”
Scalable and adaptable business plan
Assets
Giles BrindleyBusiness
Michael OverduinCEO
Paul WorsnopLegal
Vernon BlackmoreIT
Richard MinerFinance
Board of DirectorsExternal Advisory
Group
MarcellaErskineEvents
Structure
Jo TibbettsComms
Non profit company limited by guarantee
£
Finances
0
5000
10000
15000
20000
25000
1 2 3 4
Series1
Series2
2010 2011 2012 2013
Revenue
Profit
FinanceVCs, angels,banks, BGF
Legal & BusinessServices
Knowledge14 universities
Our value
70% of those attending make 2 to 4 new contacts
Awards
1. WM news/event listing, emails
2. Organize events
3. Business pitching & support
4. Licensing
5. Partnering
Activities for the Future
Plans
Thank you!