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Technology Ventures
             Dr. Angel Salazar
Digital Business and Management Systems Division
Manchester Metropolitan University Business School
The successful companies of the next
10 years may be start ups or
established players but they will ‘think
big, start small and move fast’ in their
innovation and growth.
                          Julie Meyer
               CEO of Ariadne Capital
There’s never been a better worse
time to start a business.
                           Phil Jones
      Executive Director, Brother UK
Manchester: Past, Present and Future
How do we ensure a
          successful transition?
• Promoting the right economic environment to
  attract and encourage investment.
• Developing the supporting human, social and
  technological capabilities.
• Identifying sustainable business models and
  innovation strategies promoting inter-
  connected business ecosystems.
• Forging new partnerships that cross current
  institutional boundaries.
Creating the IT Nation
           • “Information Technology is
             the driving force of a global
             competitive workforce and
             economy, underpinning
             innovation, competitiveness
             and long-term prosperity.
           • The UK has the potential to
             generate an additional £35
             billion of Gross Value Added
             to the economy within the
             next decade.”
Some Facts

• 77% of UK’s 27 million workforce
  use IT in their everyday jobs.

                                      8.5%
• US multinational firms are on average

  more productive than UK firms, and 80% of
  this advantage is explained by the better use
  of IT.
Overall Impact of IT on Workforce
Innovation Nation
         • The Innovation Nation
           report marked a shift
           towards Demand-driven
           innovation policies, as
           opposite to Supply-push
           innovation.
         • Evidence of this is the
           recent initiatives and
           competitions steered by the
           Technology Strategy Board.
So, what drives innovation?
• Clear and robust IP legal frameworks.
• Access to venture capital.
• The demand for innovative products and
  services.
• Affordable access to next-generation network
  infrastructures supporting the creation of new
  digital businesses.
The Need for New Partnerships
• Gradual shift from technology-push linear
  models towards dynamic and interactive
  innovation approaches.
• Idea generation, experimentation,
  commercialization and diffusion need to be
  orchestrated in order to maximise the value
  creation potential of the different actors
  within the innovation ecosystem.
From Technology Transfer Towards
         Technology Venturing
• Shifts from university technology transfer
  managers, and incubator managers, towards
  eclectic teams of university scientists, graduate
  entrepreneurs, business deal makers, investors
  and social actors promoting the adopting of new
  products, practices and services.
• The above requires new roles such as multi-
  disciplinary translators and social activists, not
  just technologists and investors.
Thanks for listening!
If you have any questions about this presentation, please feel
           free to email me at a.salazar@mmu.ac.uk

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Technology Ventures and Innovation Nation

  • 1. Technology Ventures Dr. Angel Salazar Digital Business and Management Systems Division Manchester Metropolitan University Business School
  • 2. The successful companies of the next 10 years may be start ups or established players but they will ‘think big, start small and move fast’ in their innovation and growth. Julie Meyer CEO of Ariadne Capital
  • 3. There’s never been a better worse time to start a business. Phil Jones Executive Director, Brother UK
  • 5. How do we ensure a successful transition? • Promoting the right economic environment to attract and encourage investment. • Developing the supporting human, social and technological capabilities. • Identifying sustainable business models and innovation strategies promoting inter- connected business ecosystems. • Forging new partnerships that cross current institutional boundaries.
  • 6. Creating the IT Nation • “Information Technology is the driving force of a global competitive workforce and economy, underpinning innovation, competitiveness and long-term prosperity. • The UK has the potential to generate an additional £35 billion of Gross Value Added to the economy within the next decade.”
  • 7. Some Facts • 77% of UK’s 27 million workforce use IT in their everyday jobs. 8.5% • US multinational firms are on average more productive than UK firms, and 80% of this advantage is explained by the better use of IT.
  • 8. Overall Impact of IT on Workforce
  • 9. Innovation Nation • The Innovation Nation report marked a shift towards Demand-driven innovation policies, as opposite to Supply-push innovation. • Evidence of this is the recent initiatives and competitions steered by the Technology Strategy Board.
  • 10. So, what drives innovation? • Clear and robust IP legal frameworks. • Access to venture capital. • The demand for innovative products and services. • Affordable access to next-generation network infrastructures supporting the creation of new digital businesses.
  • 11. The Need for New Partnerships • Gradual shift from technology-push linear models towards dynamic and interactive innovation approaches. • Idea generation, experimentation, commercialization and diffusion need to be orchestrated in order to maximise the value creation potential of the different actors within the innovation ecosystem.
  • 12. From Technology Transfer Towards Technology Venturing • Shifts from university technology transfer managers, and incubator managers, towards eclectic teams of university scientists, graduate entrepreneurs, business deal makers, investors and social actors promoting the adopting of new products, practices and services. • The above requires new roles such as multi- disciplinary translators and social activists, not just technologists and investors.
  • 13. Thanks for listening! If you have any questions about this presentation, please feel free to email me at a.salazar@mmu.ac.uk