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NEWCASTLE SCIENCE CITY
Prosperity from Science for NewcastleEstelle Chatard
Newcastle Science City9th February 2009
Overview
• Newcastle Science City – Policy Context: local/global– Key Activities
• Newcastle Innovation Machine – Insight-led Innovation– De-risking the entrepreneurial process
• Concluding remarks
Understanding the National Perspective:
• Increasing investment in the science base partly driven by desire to raise business competitiveness and economic benefit via innovation
• Build on National initiatives to maintain world-class research capacity to sustain global positions: UK should benefit from science and innovation outside of South East
• A wider range of partners to be involved including Universities
Local Perspectives
• Regional Development Agencies looking to local universities and triple helix partnerships to contribute to city and regional performance through knowledge exploitation– From Strategy for Success– To Innovation Connectors
Innovation ConnectorsRooting the global in the local
• Ensuring some of the economic benefits arising from public investment in the science base “sticks” within the domestic economy (local, regional, national) via spinouts, transforming established businesses and attracting science based inward investment
• Nurturing, attracting and retaining talent – schools, work based university learning, graduate retention in local business, returning alumni, business orientated academics
• Putting geography into the “triple helix” of government / industry / university relations to create prosperity from Science
“Prosperity from Science for Newcastle”
Newcastle Science City
Newcastle Science City
A Branded way of working in partnership
• 3 Founding Partners:• One NorthEast• Newcastle University• Newcastle City Council
• Building the partnership
• Locally: Northumbria University, International Centre for Life, NHS, Centres of Excellence …
• Nationally: 6 Science Cities…
• Internationally: EU Projects
NSC Priorities
Prosperity
From Science
For Newcastle
BUILDING THE PARTHERSHIP
INNOVATIONINFRASTRUCTURE
EDUCATION & SKILLS
Building the Partnership
• Extending the partnership and promoting the partnership
• Manage the Newcastle Science City brand on behalf of all stakeholders and Science Citizens
• Building a Portfolio
Science Road Mapping
Stem Cells & GeneticSciences Ageing
& Health
Molecular Engineering
Energy &
Environment
Cleaning up
polluted water in disused mines
A Great Brand for Newcastle and the city-region
Building a Portfolio
Design
Open Innovation
Research & Development
Incubation
SMEs and Start-ups Schools
Communities
Infrastructure For Science and Business
Education
• Education in schools, FEIs and HEIs
• Skills
• Community Engagement
• Public Engagement
INNOVATION
The Newcastle Innovation Machine(NIM)
Why NIM?
• Innovation recognised as a driver for economic and social growth
• Creating more high-growth businesses recognised as a need in the North East
• Innovation can happen in many places and be implemented using different approaches and tools
The Challenge
Highest growth companies 2007 and 2008
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
0 2 4 6 8 10 12 14 16 18
Last 25 years
Rev
enue
last
yea
r (£
Thou
sand
s)
1990 2000 2008
Year of incorporation
100
75
50
25
0
£m revenue in 2007 Top 200 growth enterprises Highest growth companies 2007 and 2008
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
90,000
100,000
0 2 4 6 8 10 12 14 16 18
Last 25 years
Rev
enue
last
yea
r (£
Thou
sand
s)
1990 2000 2008
Year of incorporation
100
75
50
25
0
£m revenue in 2007 Top 200 growth enterprises
NIM in context
Invention
Technology
IdeaBUSINESS
Unmet Need
BUSINESS
Technology Push
Market Pull
Market Research, Money, People
IP
Building IP through technological, customer, supply and business model
insights
NIM in context (2)
“Innovation is the creation of an unfair competitive advantage through bright ideas that people will pay money for”
An entrepreneurial person will take this innovative approach to create a high-growth business
NIM aims and objectives
• NIM is a unique entrepreneurial model. The aim is to identify unmet needs and help establish businesses to satisfy that need.
• Creating and growing a number of high growth business in the North East (£10m t/o after 5 years)
• De-risking the entrepreneurial process: attracting entrepreneurial personalities to develop the Innovation Machine
NEED BUSINESS
InsightsOpportunities
Interim Managers Tools and support
The Innovation Engine (TIE)
Solutions Finance
People Partners
IP
NIM will set up a scalable and coachable model based on insight and needs driven innovation. The project will be based on three synergistic components:
– Insight led identification of unmet needs and business case consultancy;
– Interim management, and fronting the investment; – Funding with controlled exit
NSC Today
• A strong partnership committed for the long term
• A clear programme of activities delivering added value to the city
• Innovative activities to start now
THANK YOU!
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