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Nesta’s	
  mission:	
  	
  
Bringing	
  great	
  ideas	
  to	
  life	
  and	
  
crea0ng	
  the	
  condi0ons	
  where	
  
innova0on	
  can	
  flourish	
  	
  
Backing	
  innova&on	
  for	
  the	
  
common	
  good	
  through	
  
investment,	
  research,	
  
programmes,	
  networks	
  and	
  
skills
	
  
Investment	
  Strategy	
  Involves:	
  	
  
Venture	
  por<olio	
  with	
  successful	
  exits,	
  backing	
  accelerators	
  
and	
  impact	
  fund	
  
RESOURCE	
  EFFICIENCY,	
  
AGEING,	
  EDUCATION
	
  

VENTURE	
  INVESTING	
  	
  

IMPACT	
  INVESTMENT	
  FUND	
  

CATALYSING	
  START	
  UP	
  
SUPPORT	
  

SUPPORTING	
  A	
  DEVELOPING	
  
MARKET	
  	
  

BIG	
  SOCIETY	
  
FINANCE	
  FUND
	
  

SVI	
  FUND
	
  
BIG	
  SOCIETY	
  
FINANCE	
  FUND
	
  

RESEARCH	
  &	
  POLICY	
  
RECOMMENDATIONS
	
  
Policy	
  &	
  Research:	
  	
  

Economics	
  of	
  innova0on,	
  innova0on	
  policy,	
  
evidence,	
  data,	
  	
  global	
  innova0on	
  prac0ce	
  
EXPERIMENTS	
  IN	
  
INNOVATION	
  POLICY
	
  

START-­‐UPS,	
  ACCELERATION	
  AND	
  
ENTREPRENEURSHIP	
  
	
  
HOT	
  TOPICS	
  AND	
  FUTURE	
  
TECHNOLOGIES
	
  

HOW	
  TO	
  MAKE	
  
INNOVATION	
  
POLICY
	
  

RESEARCH	
  FOR	
  NESTA’S	
  
PRACTICAL	
  PROGRAMMES:	
  
AGEING,	
  JOBS,	
  SOCIAL	
  
ACTION,	
  HYPER-­‐LOCAL	
  
MEDIA
	
  

INNOVATION	
  AND	
  
ECONOMIC	
  
GROWTH
	
  

COLLECTIVE	
  
INTELLIGENCE,	
  
ANALYTICS	
  &	
  BIG	
  
DATA
	
  

N	
  AND	
  
INNOVATIO 	
  
ECONOMIC
	
  
GROWTH

COLLECTIVE	
  
INTELLIGENCE,	
  
ANALYTICS	
  &	
  BIG	
  
DATA
	
  

DIGITAL	
  SOCIAL	
  
INNOVATION:	
  EU	
  
PROJECT
	
  

ASSET	
  BRITAIN:	
  
ANALYSING	
  SOCIAL	
  
INNOVATION
	
  

EVIDENCE	
  AND	
  
EXPERIMENT	
  IN	
  
POLICY
	
  
InnovaQon	
  Lab:	
  backing	
  projects	
  and	
  ventures	
  

INNOVATION	
  IN	
  LOCAL	
  
SERVICES	
  
	
  

GIVING	
  AND	
  SOCIAL	
  ACTION
	
  

HEALTH	
  AND	
  AGEING	
  WELL
	
  

DIGITAL	
  PUBLIC	
  SERVICES
	
  

People	
  
powered	
  
health	
  
5	
  
UK	
  Crea(ve	
  Industries	
  

Wider	
  Crea(ve	
  Economy	
  

Innova0on	
  Vouchers
	
  

Skills
	
  

Digital	
  
InnovaQon
	
  

	
  CreaQve	
  InnovaQon	
  
in	
  other	
  sectors
	
  

6	
  
Prizes,	
  crowd-­‐funding	
  
and	
  sourcing,	
  
accelerators
	
  

Open	
  innovaQon,	
  
innovaQon	
  policy,	
  
experimental	
  methods	
  
	
  

CONNECTING	
  	
  
WITH	
  INNOVATION	
  
	
  COMMUNITIES	
  AND	
  PARTNERS	
  

SPECIFIC	
  INSIGHTS
	
  

FREE	
  LEARNING	
  MATERIALS	
  
AND	
  TOOLS
	
  

CUSTOMISED	
  TRAINING
	
  
INTERNATIONAL	
  
DEVELOPMENT
	
  

SOCIAL	
  
INNOVATION,
	
  
PUBLIC	
  
SERVICES
	
  

7	
  
A	
  few	
  examples:	
  
Prizes	
  …	
  

9	
  
Accelerator	
  programmes	
  

To	
  date:	
  
•  37	
  programs	
  world-­‐wide	
  
1
•  038	
  companies	
  accelerated	
  
2
•  01	
  exits	
  for	
  $	
  1,123,908,100	
  
1
•  	
  1,535,267,341	
  funding	
  
$
•  864	
  jobs	
  created	
  
4
(courtesy	
  of	
  www.seed-­‐db.com)
	
  
Innova0on	
  and	
  Jobs	
  
Unemployment	
  remains	
  stubbornly	
  high…	
  
Par0cularly	
  for	
  young	
  people…	
  
And	
  in	
  specific	
  regions…	
  

Challenges	
  remain	
  for	
  most	
  groups…	
  
The	
  current	
  approaches	
  to	
  tackling	
  worklessness	
  are	
  
complex	
  –	
  and	
  patchy	
  in	
  impact	
  
SupporQng	
  
entrepreneurship	
  &	
  
enterprise
	
  

CreaQng	
  &	
  shaping	
  new	
  
markets
	
  
mobilising	
  capital	
  (e.g.	
  
complementary	
  currencies),	
  
suppor0ng	
  growth	
  sectors	
  
and	
  new	
  markets	
  (e.g.	
  
developing	
  the	
  green	
  
economy)
	
  

Intermediaries	
  that	
  
improve	
  matching
	
  

employer	
  pooling,	
  web-­‐
pla<orms	
  for	
  flexible	
  working	
  
(e.g.	
  task-­‐matching	
  sites),	
  
new	
  approaches	
  to	
  careers	
  
advice,	
  individualised	
  job-­‐
matching	
  services
	
  

business	
  services	
  (e.g.	
  start-­‐
up	
  support),	
  business	
  
incuba0on,	
  funding	
  and	
  
training	
  for	
  self-­‐employment
	
  

Jobs	
  
Innovators
	
  

21st	
  century	
  
employability
	
  

new	
  approaches	
  to	
  
employment	
  support	
  (e.g.	
  
career	
  coaching,	
  resilience-­‐
building),	
  pla<orms	
  to	
  
showcase	
  skills	
  and	
  build	
  
professional	
  networks
	
  

Blurring	
  work	
  &	
  learning
	
  
bringing	
  work	
  into	
  the	
  
classroom	
  (e.g.	
  business	
  
mentoring	
  in	
  schools),	
  
temporary	
  jobs	
  and	
  
supported	
  job	
  opportuni0es	
  
(e.g.	
  appren0ceships	
  and	
  
traineeships)
	
  
Our	
  work	
  
•  Prac0cal	
  support	
  to	
  spread	
  
some	
  of	
  the	
  most	
  exci0ng	
  
innova0ons	
  
•  Building	
  our	
  partnership	
  with	
  
ci0es	
  
•  Developing	
  a	
  learning	
  network	
  
and	
  sharing	
  evidence	
  on	
  ‘what	
  
works’	
  
www.nesta.org.uk/makingitwork	
  	
  

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Geoff Mulgan Innovation in Growing Cities

  • 1. Nesta’s  mission:     Bringing  great  ideas  to  life  and   crea0ng  the  condi0ons  where   innova0on  can  flourish    
  • 2. Backing  innova&on  for  the   common  good  through   investment,  research,   programmes,  networks  and   skills  
  • 3. Investment  Strategy  Involves:     Venture  por<olio  with  successful  exits,  backing  accelerators   and  impact  fund   RESOURCE  EFFICIENCY,   AGEING,  EDUCATION   VENTURE  INVESTING     IMPACT  INVESTMENT  FUND   CATALYSING  START  UP   SUPPORT   SUPPORTING  A  DEVELOPING   MARKET     BIG  SOCIETY   FINANCE  FUND   SVI  FUND   BIG  SOCIETY   FINANCE  FUND   RESEARCH  &  POLICY   RECOMMENDATIONS  
  • 4. Policy  &  Research:     Economics  of  innova0on,  innova0on  policy,   evidence,  data,    global  innova0on  prac0ce   EXPERIMENTS  IN   INNOVATION  POLICY   START-­‐UPS,  ACCELERATION  AND   ENTREPRENEURSHIP     HOT  TOPICS  AND  FUTURE   TECHNOLOGIES   HOW  TO  MAKE   INNOVATION   POLICY   RESEARCH  FOR  NESTA’S   PRACTICAL  PROGRAMMES:   AGEING,  JOBS,  SOCIAL   ACTION,  HYPER-­‐LOCAL   MEDIA   INNOVATION  AND   ECONOMIC   GROWTH   COLLECTIVE   INTELLIGENCE,   ANALYTICS  &  BIG   DATA   N  AND   INNOVATIO   ECONOMIC   GROWTH COLLECTIVE   INTELLIGENCE,   ANALYTICS  &  BIG   DATA   DIGITAL  SOCIAL   INNOVATION:  EU   PROJECT   ASSET  BRITAIN:   ANALYSING  SOCIAL   INNOVATION   EVIDENCE  AND   EXPERIMENT  IN   POLICY  
  • 5. InnovaQon  Lab:  backing  projects  and  ventures   INNOVATION  IN  LOCAL   SERVICES     GIVING  AND  SOCIAL  ACTION   HEALTH  AND  AGEING  WELL   DIGITAL  PUBLIC  SERVICES   People   powered   health   5  
  • 6. UK  Crea(ve  Industries   Wider  Crea(ve  Economy   Innova0on  Vouchers   Skills   Digital   InnovaQon    CreaQve  InnovaQon   in  other  sectors   6  
  • 7. Prizes,  crowd-­‐funding   and  sourcing,   accelerators   Open  innovaQon,   innovaQon  policy,   experimental  methods     CONNECTING     WITH  INNOVATION    COMMUNITIES  AND  PARTNERS   SPECIFIC  INSIGHTS   FREE  LEARNING  MATERIALS   AND  TOOLS   CUSTOMISED  TRAINING   INTERNATIONAL   DEVELOPMENT   SOCIAL   INNOVATION,   PUBLIC   SERVICES   7  
  • 10. Accelerator  programmes   To  date:   •  37  programs  world-­‐wide   1 •  038  companies  accelerated   2 •  01  exits  for  $  1,123,908,100   1 •   1,535,267,341  funding   $ •  864  jobs  created   4 (courtesy  of  www.seed-­‐db.com)  
  • 11.
  • 12.
  • 13.
  • 15. Unemployment  remains  stubbornly  high…   Par0cularly  for  young  people…   And  in  specific  regions…   Challenges  remain  for  most  groups…  
  • 16. The  current  approaches  to  tackling  worklessness  are   complex  –  and  patchy  in  impact  
  • 17. SupporQng   entrepreneurship  &   enterprise   CreaQng  &  shaping  new   markets   mobilising  capital  (e.g.   complementary  currencies),   suppor0ng  growth  sectors   and  new  markets  (e.g.   developing  the  green   economy)   Intermediaries  that   improve  matching   employer  pooling,  web-­‐ pla<orms  for  flexible  working   (e.g.  task-­‐matching  sites),   new  approaches  to  careers   advice,  individualised  job-­‐ matching  services   business  services  (e.g.  start-­‐ up  support),  business   incuba0on,  funding  and   training  for  self-­‐employment   Jobs   Innovators   21st  century   employability   new  approaches  to   employment  support  (e.g.   career  coaching,  resilience-­‐ building),  pla<orms  to   showcase  skills  and  build   professional  networks   Blurring  work  &  learning   bringing  work  into  the   classroom  (e.g.  business   mentoring  in  schools),   temporary  jobs  and   supported  job  opportuni0es   (e.g.  appren0ceships  and   traineeships)  
  • 18. Our  work   •  Prac0cal  support  to  spread   some  of  the  most  exci0ng   innova0ons   •  Building  our  partnership  with   ci0es   •  Developing  a  learning  network   and  sharing  evidence  on  ‘what   works’   www.nesta.org.uk/makingitwork