Driving Innovation Making the UK a global leader in innovation Merlin Goldman 8 September 2011

Driving Innovation What is the Technology Strategy Board? We are a national body set up to invest in business innovation We work across business, universities and government We mostly come from business –130 people with over 1700 years of business experience We are responsible for investing c. £300m a year

Driving Innovation What’s the problem? Business Investment is too low and too late Technical and financial risks need to be mitigated The time for financial return is too long for many players Innovation disrupts value chains and business models New partnerships are required to build new supply chains Investment and innovation is required at multiple points Longer term trends not visible to all players Impact and opportunities from emerging technologies & policies Innovation infrastructure complex and inefficient Fragmented and difficult to navigate

Driving Innovation We support the full range of business We help strengthen the global competitive position of our leading businesses We identify and grow sectors and businesses with the capacity to become the best in the world We nurture the businesses that can succeed in the growth sectors of tomorrow …… any company based in the UK is eligible to receive funding

Driving Innovation And we make choices We don’t pick winners We do pick areas of activity where UK businesses can thrive and support innovative companies in them We consider –the size of the markets – what’s the global opportunity –the capability of the UK to address them –the timing …and the difference our support would make

Driving Innovation Building on UK strengths World leading research base Natural instinct for innovation Innovative businesses Networks and facilities Venture capital

Driving Innovation Technology Innovation We build capability in the underpinning areas that enable a sure and effective response to market needs –Advanced materials –Bioscience –Electronics, photonics and electrical systems –Information and communication technologies –Nanotechnology

Driving Innovation 3 technology priorities Genomics –blueprint forlife sciences innovation Industrial Biotechnology –energy, chemicals and materials Agriculture and Food –healthier, safer food Biosciences

Driving Innovation

Competency Innovation We build capability in those areas which span technologies and markets, and where technology developments can lead to disruptions of the markets –High value manufacturing –Digital technologies –Design

Driving Innovation Challenge-led Innovation We aim to understand the needs of the markets and support the most innovative and competitive responses –Energy generation and supply –Sustainability (the built environment and food) –Healthcare –Transport –Creative industries –High value services

Driving Innovation Innovation Platforms We work with Government as they address societal challenges to give business the future market definition they need to be competitive –Low Carbon Vehicles –Assisted Living –Low Impact Buildings –Detection and Identification of Infectious Agents –Sustainable Agri-Food Supply Chain –Stratified Medicine

Driving Innovation The ways we support business Grant for Research and Development Collaborative R&D Knowledge Transfer Partnerships Knowledge Transfer Networks SBRI Eurostars and other EU programmes European Space Agency programmes International missions MNT Centres Technology and Innovation Centres New

Driving Innovation Aerospace and Defence Environmental Sustainability Biosciences Financial Services Chemistry Innovation HealthTech and Medicines Creative Industries Industrial Mathematics Digital Communications Materials Digital Systems Modern Built Environment Electronics, Sensors and Photonics Nanotechnology Energy Generation and Supply Transport Knowledge Transfer Networks Developing cross cutting Special Interest Groups such as in High Value Manufacturing

Driving Innovation European and International Focus on increasing UK business success in accessing European funding and maximising benefit Influencing Europe Bilateral activities which align with our strategic priorities and where there is benefit for UK business Exchange of information on innovation KTN European & International activities Working with Science & Innovation Network and UKTI

Driving Innovation University TIC / Institute Industry (Large & SME’s) Universities TIC / Institutes Industry Research Centre Researchex cellence Research CentresTechnology & Innovation Centres RTOs, PSREs, Science parks, etc Industrial R&D Centres Industry CommitmentUK Priorities RCUK to identify RCUK, charity & other centres and institutes (IMRC’s IKC’s EIT’s etc) RDA/DA centres, etc. - Existing - Proposed - Potential Other organisations in the area. Major R&D centres & incubators -Opportunities for UK - Willingness to co-invest - Low Carbon -Digital Economy - Energy - Health/Medicine Map the landscape from Research through to Challenge Areas for each key technology & application areas: Technology and Innovation Centres TRL:

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Driving Innovation

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