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Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015.

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Presentation on theme: "Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015."— Presentation transcript:

1 Venturefest Cymru Putting innovation to work ! Jackie Marshall-Balloch Lead Specialist Independent Living Innovation Platform 29th September 2015

2 Agenda What innovation means to us The real challenges Re-inventing our futures -The Long Term Care Revolution Lighting, photonics and sensors- the game changers? Next steps

3 Innovate UK – who we are  We are the UK’s innovation agency  Independent arms length body created in May 2007  Funded by BIS  We are solution-focused, passionate about innovation, curious and creative, one dynamic team, and committed to helping one another  Everything we do is driven by one question: Will it help UK businesses bring new ideas and technologies to market faster?  For every pound we invest it is estimated to return at least £3 for feasibility studies, £9 for Smart Awards and up to £35 in some areas for collaborative research and development.

4 Innovate UK – what we do  We accelerate economic growth by stimulating and supporting business-led innovation  We use a number of tools to support business innovation, one of which is SBRI  We help businesses understand future markets and the innovation opportunities created by the challenges of today – and make the most of them  We break down barriers to innovation, eg through large scale demonstrators for new ideas and products  Through connections and networks we enable people and companies to work together to share ideas and make innovation happen  We bring together partners to maximise funding for innovation and get groups of organisations working together

5 Innovation – defined “Innovation is achieving something significant that would otherwise would not happen unless you are prepared to take the risk and do something special.” Peter Wintlev-Jensen, Deputy Head of Unit, European Commission DG CONNECT

6 Demographic opportunity Condition20112040Projected increase Dementia781,4321,384,951603,519 Cancer2,015,9704,800,0002,784,030 Cardiac pathology8,074,57513,310,4435,235,868 Stroke1,277,2301,526,181248,951 Diabetes2,912,6577,507,9924,595,335 Source: OECD, National Statistics, Population Trends, Dementia UK, London School of Economics & Institute of Psychiatry at King’s College London, Department of Health, NHS, British Heart Foundation, National Audit Office, The Health Foundation, Diabetes UK includes Frost & Sullivan extrapolations and analysis (2013)

7 DiscriminationPoverty Crime Pharmacology Nutrition Rehabilitation Protection Travel Access to information Ethnic Minority Status Depression Suicide Sexuality and Sexual health Loneliness and isolation Dementia Care Self actualization Elder abuse Incontinence Long term care Digital divide Leisure Employment Housing Frailty Adverse weather conditions Chronic pain Societal value Telecare Falls Medication compliance NHS efficiencies and costs Telehealth Assistive technologies Flu

8 Long term care should not cost us everything it means to be human

9 The Long Term Care Revolution – what is it?  Its an ambitious programme to stimulate and catalyse innovation in long term care.  Its sole purpose is to disrupt the institutional model of long term care provision as we know it in the UK.  Its aim is to create diverse, vibrant, cutting-edge non-institutionalised products, services and systems that are fit for purpose, fit for the future, sustainable and responsive to public demand.  Its NOT about reforming what exists, but about replacing a 19 th century model with alternatives that reflect 21 st century living and advances.

10 The Long Term Care Revolution – the imperative to act By 2051 the numbers of people aged 65 years and over in the UK will increase by 81% (GAD, 2003) The support ratio is falling 3.10 in 2011 to 3.09 in 2021, then to 2.53 in 2031, then below 2.2 in the 2050s before levelling off. (GAD, 2003) Residential home and Nursing home places will need to expand by around 150% over the next 50 years (Wittenberg et al, 2004) Hours of home care by around 140% over the next 50 years. (Wittenberg et al, 2004) Long term care expenditure would need to rise by 315% in real terms between now and 2051 to meet demographic demands. (Wittenberg et al, 2004) The number of older adults in need of care is expected to outstrip the number of family members able to provide informal care for the first time in 2017 (IPPR, 2014)

11 Long Term Care Revolution - background Market analysis by Frost & Sullivan Social research report by Kings College Ethnographic study by Experience research 2011- 2012 LTCR Sandpit challenge Sandpit projects 2013- 2014 LTCR SBRI national challenge National challenge projects 2015- 2018

12 The Long Term Care Revolution SBRI national challenge – the ask To disrupting the existing institutional model of long term care provision that has been in existence in the UK since the early 19 th century by: Developing game changing products, services and/or systems that will disrupt the pathway to institutional care Developing alternative models/ways/approaches that are dignified, desirable and affordable alternatives to the status quo

13 The LTCR – Competition scope Demonstrate significant innovation and high risk where Innovate UK investment will add value Demonstrate the transfer and re-purposing of existing, new or emerging innovations (technological, social or economic) in development Demonstrate the translation of academic research to support business innovation and development

14 The game changers We specifically encouraged applications from consortia that included companies outside the conventional health and social care sectors. We believe they can apply fresh and innovative ideas to this intractable challenge. Eg. robotics and autonomous systems, lighting and photonics, sensors, advanced materials, energy, financial services, retail, design, creative industries, space, aviation, engineering, architecture, hospitality and tourism, housing, building, transport. Eg. engineering and physical sciences, social sciences, medical sciences, arts and humanities, bio-sciences. Eg. religious groups, volunteer groups, condition-specific support groups, charities, foundations, schools, youth groups.

15 Lighting and photonics – an ‘enabling’ technology Aerospace technology Agriculture Biomedicine Construction Engineering, micro-technology, and nanotechnology Alternate Energy / Green Solutions Environmental technology Geographic information systems and global positioning Information technology - Chemical technology Transportation Homeland security Manufacturing Biotechnology Solid State Lighting

16 Next steps  Targeted activity lighting and photonics and sensors robotics and automated systems autonomous vehicles  Oversight/Task and Finish group to frame the next stage of the programme  New strategic partnerships, alliances and champions  Tackle the barriers to meeting public demand - legislation, certification, policy, data security,

17 They say a person needs just three things to be truly happy in this world: someone to love, something to do, and something to live for.

18 Jackie Marshall-Balloch Tel: 07826 894459 E-mail: jackie.marshall-balloch@innovateuk.gov.ukjackie.marshall-balloch@innovateuk.gov.uk Twitter: Trinigyal44


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