Science Capital 9 June 2015 Meeting
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The document summarizes an advisors meeting to discuss the annual report and future opportunities for an organization. Key topics included exploring partnership opportunities, potential future structures, and other business. The document also provides summaries of challenges facing the region from various perspectives and statistics on the region's research performance and funding. It outlines the organization's track record, assets, board structure, finances and future plans to continue hosting events and business support activities.
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Science Capital 9 June 2015 Meeting
- 1. Advisors Meeting 4-6 pm Tuesday 9 June 2015 at Wragge Lawrence Graham & Co
- 2. 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
- 3. “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
- 4. “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
- 5. 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
- 6. 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
- 7. 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
- 8. 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
- 9. The Challenge Valuable Ideas new products, services, companies Innovation funnel Science Capital
- 10. 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
- 11. 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 NUMBEROFPAPERS CW Matthuessen et al, 2010
- 12. The Challenge REF2008 RAE2014 3149 3133 Number of West Midlands researchers:
- 13. 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
- 14. 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
- 15. 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 ExternalfactorsInternaltoregion Strengths geography, central location size, youth & diversity innovative culture universities, colleges, NHS legal & business services SWOT analysis of the region’s economy The Challenge
- 16. Energy alternatives Climate change Transport Ageing Cancer Infection Security Education Social media Low Carbon Advanced Materials Innovative Healthcare Digital World The Challenge
- 20. Through publishing 65 videos... How? Heather Duncan Birmingham Children’s Hospital
- 21. By 57 people presenting their business plans... How?
- 22. 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
- 23. 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
- 24. 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
- 25. “...a potential investor offered to invest a significant amount” “The business presentation illuminated key issues and strategy” “Met some great contacts with on-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
- 26. • 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
- 27. Team of committed directors 50+ volunteer professional advisors Sponsors including small & large companies Thousands of members and subscribers Assets
- 28. Track-record of 17 successful events Event management guidebook, templates Financially sustainable non-profit Assets
- 29. websites and internet domains social media channels European Trademark: “SCIENCE CAPITAL” Scalable and adaptable business plan Assets
- 30. Giles Brindley Business Michael Overduin CEO Paul Worsnop Legal Vernon Blackmore IT Richard Miner Finance Board of Directors External Advisory Group Marcella Erskine Events Structure Jo Tibbetts Comms Non profit company limited by guarantee
- 31. £ Finances 0 5000 10000 15000 20000 25000 1 2 3 4 Series1 Series2 2010 2011 2012 2013 Revenue Profit
- 33. Finance VCs, angels, banks, BGF Legal & Business Services Knowledge 14 universities
- 34. Our value 70% of those attending make 2 to 4 new contacts
- 37. Awards
- 38. 1. WM news/event listing, emails 2. Organize events 3. Business pitching & support 4. Licensing 5. Partnering Activities for the Future
- 39. Plans Thank you!
Notas del editor
- Science Capital is a non-profit company which runs high quality networking events in high growth sectors, including energy, transport, digital and healthcare technology. We bring together scientists, business experts, innovators and investors who are leaders in their fields and are looking to collaborate and build teams The core of what we create is an engaging experience that builds mutual understanding, trust and new relationships for anyone looking to start a global company locally.
- This presentation will cover the challenge we face, and the strategy we are developing based on our experimental first year of operation.
- That is, how can knowledge re-ignite the economy here in Birmingham and the West Midlands region. We want to help to solve this problem with our local partners. First, though, lets look at the global picture.
- That is, how can knowledge re-ignite the economy here in Birmingham and the West Midlands region. We want to help to solve this problem with our local partners. First, though, lets look at the global picture.
- That is, how can knowledge re-ignite the economy here in Birmingham and the West Midlands region. We want to help to solve this problem with our local partners. First, though, lets look at the global picture.
- That is, how can knowledge re-ignite the economy here in Birmingham and the West Midlands region. We want to help to solve this problem with our local partners. First, though, lets look at the global picture.
- That is, how can knowledge re-ignite the economy here in Birmingham and the West Midlands region. We want to help to solve this problem with our local partners. First, though, lets look at the global picture.
- That is, how can knowledge re-ignite the economy here in Birmingham and the West Midlands region. We want to help to solve this problem with our local partners. First, though, lets look at the global picture.
- That is, how can knowledge re-ignite the economy here in Birmingham and the West Midlands region. We want to help to solve this problem with our local partners. First, though, lets look at the global picture.
- Birmingham sits comfortably in the middle of the 6th largest mega region. Other cities include London, Leeds, Manchester, Liverpool, Bristol. $1.2 trillion in economic output, all within a continuous area that you can easily traverse in a few hours. 2nd largest in Europe (after Amsterdam – Brussels – Antwerp). This is our closest competition, and is only slightly larger with $1.5 trillion in economic output. Encompasses parts of northern germany, france, luxembourg as well as belgium and the netherlands. Unlike many mega-regions ours is self contained within a single country, island and currency. That translates into potentially much greater self control by a single govt.
- Here I show the growth in scientific productivity from 2004-2006 over the previous decade. Dublin is the only hot spot with high growth in output of research papers in science, medicine, engineering combined with high growth in citations per paper. Other hotspots are mainly in SE Asia, Latin America, East Europe. There are none anywhere in North America. All UK cities except Birmingham are Green, i.e. they ‘focus on success’. These are centres with relatively high decrease in research output, but at the same time with high growth in citations per paper. Birmingham is uniquely average in the growth in number of papers and their citations. Amsterdam is growing in volume but decreasing in impact. Paris and Brussels are black holes , that is lower volume and lower impact.
- Birmingham sits comfortably in the middle of the 6th largest mega region. Other cities include London, Leeds, Manchester, Liverpool, Bristol. $1.2 trillion in economic output, all within a continuous area that you can easily traverse in a few hours. 2nd largest in Europe (after Amsterdam – Brussels – Antwerp). This is our closest competition, and is only slightly larger with $1.5 trillion in economic output. Encompasses parts of northern germany, france, luxembourg as well as belgium and the netherlands. Unlike many mega-regions ours is self contained within a single country, island and currency. That translates into potentially much greater self control by a single govt.
- Birmingham sits comfortably in the middle of the 6th largest mega region. Other cities include London, Leeds, Manchester, Liverpool, Bristol. $1.2 trillion in economic output, all within a continuous area that you can easily traverse in a few hours. 2nd largest in Europe (after Amsterdam – Brussels – Antwerp). This is our closest competition, and is only slightly larger with $1.5 trillion in economic output. Encompasses parts of northern germany, france, luxembourg as well as belgium and the netherlands. Unlike many mega-regions ours is self contained within a single country, island and currency. That translates into potentially much greater self control by a single govt.
- Birmingham sits comfortably in the middle of the 6th largest mega region. Other cities include London, Leeds, Manchester, Liverpool, Bristol. $1.2 trillion in economic output, all within a continuous area that you can easily traverse in a few hours. 2nd largest in Europe (after Amsterdam – Brussels – Antwerp). This is our closest competition, and is only slightly larger with $1.5 trillion in economic output. Encompasses parts of northern germany, france, luxembourg as well as belgium and the netherlands. Unlike many mega-regions ours is self contained within a single country, island and currency. That translates into potentially much greater self control by a single govt.
- The SWOT chart focuses on our region. The strengths indicate a great foundation for knowledge creation = #1 Science City with over 3000 research teams in 14 universities teaching over 175 thousand higher education students and 200m in research grants and contracts. 100,000 people working in business services including top legal firms with international reach. And innovation is in our blood, with the Lunar Society and rich history of building what the world needs. We do have weaknesses, but an innovation culture addresses these. I can create jobs and skills. It provides a positive identity based on the knowledge economy and smart people who build successful companies. It is all about the private sector, although the public sector clearly plays a crucial role in terms of infrastructure, regulation, policy. Innovation can move manufacturing from low tech to high tech. And one of the most important themes is innovation is the move to low carbon transportation. Plus there are great opportunities. Entrepreneurs and SMEs want to move to places like Birmingham rather than pay much higher rates elsewhere. Blue chips are expanding and want to be in a central hub like Birmingham. Universities in the West Midlands already to £381m in export earnings. Finally, we have little choice. Unless we fix the innovation problem in England we stare into the jaws of stagflation, an aging population, increased inglobal competition, not to mention the threats of climate change, peak oil and security.
- Vernon: At present we cover 4 key areas: These address major global challenges. Leads to a wide variety of All of these challenges requires hundreds of skillsets. At our events we lay the foundation for these by providing the initial linkages. These are areas highlighted by AWM for their growth potential in the region, and they remain a priority for the LEP.
- Four times a year we offer an event focusses on a major scientific challenge. Four presenters are each given their 15 minutes of fame. They present a global challenge they are tackling and their unique technology and plan. We typically include an industry leader, a fast growing SME, and academics from across the region who are looking to commercialise their research. A lively panel debate follows, allowing contrasting views to be discussed and a consensus explored. Although we aim for a 50:50 mix of academic and business experts, anyone is welcome, including students, the press and policy makers.
- Everyone is encouraged to participate in the discussions and share their point of view. We create a relaxed atmosphere, reducing any barriers to interaction and maximizing the opportunities to build trust. We relationship building and partnership, and increasing our attendees become return participants .
- We encourage people to make new connections and exchange contact details. Some scientists are making their first connections and are at an early stage of commerciallising their work. Some are looking for collaborations or industry partners, funding or legal expertise.
- We have begun video taping the speakers, capturing the essence of their message. We share this with the public with a day or two of the event. Our aim is to create an online discussion that includes many more people, potentially from across world.
- The business plan sessions have proven increasingly popular. Teams present their plan to a small panel of investment, legal and business advisors. Each has 10 minutes to present and 30 minutes of feedback in a friendly and supportive session with professional advisors. For some, this is their first experience presenting a plan. One postdoc was told that his technology was worth at least 10 times more his evaluation, and was told to shoot higher. He now has negotiated licensing deals with pharmaceutical and chemical companies to distribute his nanotechnology globally.
- Adam : The people presenting at our events have given very positive feedback, as you can see... We continuously monitor and respond to feedback, allowing us to improve the events and meet emerging needs.
- Adam : The people presenting at our events have given very positive feedback, as you can see... We continuously monitor and respond to feedback, allowing us to improve the events and meet emerging needs.
- Adam : The people presenting at our events have given very positive feedback, as you can see... We continuously monitor and respond to feedback, allowing us to improve the events and meet emerging needs.
- Adam : The people presenting at our events have given very positive feedback, as you can see... We continuously monitor and respond to feedback, allowing us to improve the events and meet emerging needs.
- We encourage people to make new connections and exchange contact details. Some scientists are making their first connections and are at an early stage of commerciallising their work. Some are looking for collaborations or industry partners, funding or legal expertise.
- We encourage people to make new connections and exchange contact details. Some scientists are making their first connections and are at an early stage of commerciallising their work. Some are looking for collaborations or industry partners, funding or legal expertise.
- We encourage people to make new connections and exchange contact details. Some scientists are making their first connections and are at an early stage of commerciallising their work. Some are looking for collaborations or industry partners, funding or legal expertise.
- We encourage people to make new connections and exchange contact details. Some scientists are making their first connections and are at an early stage of commerciallising their work. Some are looking for collaborations or industry partners, funding or legal expertise.
- We as a team include a mix of knowledge, finance and business skills. I have patented technology I developed in cancer studies at bham, and lead a national magnet lab. Marcella Erskine started her co Vernon Blackmore is a co-Founder, works at WMG, and started his own web design business.
- We encourage people to make new connections and exchange contact details. Some scientists are making their first connections and are at an early stage of commerciallising their work. Some are looking for collaborations or industry partners, funding or legal expertise.
- Vernon: Organizations involved in these events include many well known names including some of the top law firms, manufacturers and universities in the region. As well as representation from SMEs, which we would like to increase due to their growth potential. Even google just started out with 2 guys.
- Michael: To recap, there are existing strong networks in the region, including those that link individuals with uni’s and depart. It is the gaps that exist between them comparatively, that we wish to address.
- One of our key metrics is that 70% of those that attend make several valuable new contacts which they follow up. Our value then as Sci cap is then to create links between these existing networks. As a nonprofit, we are not looking to charge but act as an independent broker for new relationships.
- This is were we see ourselves
- What we want to accomplish is a whole mass of useful links bringing the centers of knowledge, business and finance together.
- Adam : Explain boxes
- Options for science capital going forward