Professor Graeme Reid

Why are there so many reviews of university-business collaboration?

Science Summit – December 3rd

• 2003 Richard Lambert’s Review of Business-University Collaboration

• 2004 Ten year Investment Framework for Science and Innovation 2004-2014

• 2006 Ten year Investment Framework for Science and Innovation 2004-2014: Next Steps

• 2006 Peter Warry’s report on increasing the economic impact of Research Councils

Shaping the landscape

….gathering momentum

• 2010 Herman Hauser’s review of technology commercialisation

• 2012 Tim Wilson’s Review of Business-University Collaboration

• 2013 David Willetts’ Eight Great Technologies

• 2013 Lord Young’s report ‘Growing your Business’

• 2013 Lord Heseltine’s review ‘No stone unturned’

• 2014 Herman Hauser’s review of Catapult Centres

• 2014 House of Commons Select Committee Review of Business-University Collaboration

• 2014 Insights from international benchmarking of the UK science and innovation system

• 2014 Innovate UK Strategy: Concept to Commercialisation

• 2014 Innovation Report: Innovation, research and growth

• 2014 Science and Innovation: rates of return to investment

• 2014 Innovation and Economic growth

….and supported by analyses

Office of the Vice-Provost (Research)The impact of research

What is the outcome?

Universities working with business

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Grand Total

Contract research

Collaborative research

CPD and CE

Consultancy

Regeneration and development

programmes

Facilities and equipment related

services

IP (including sale of shares)

In 2012/13 universities secured nearly £3.6bn from external sources

University spin-outs

£330 million

£720 million

£242 million

£542 million

£291 million

£6.6 billion

£99 million

Sold for:

Neil Woodford invests in Imperial Innovations plc and Applied Minds plc

Transactions evolve into strategic relationships

Advanced Forming Research Centre

Ranking for University-Business R&D Collaboration

0

2

4

6

8

10

12

14

2006-2007 2007-2008 2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015

Un

iver

sity

Bu

sin

ess

collo

bo

rati

on

(gl

ob

al

com

pet

itiv

enes

s ra

nki

ng)

‘which universities would you identify as having

created/supported the world’s most successful technology

innovation ecosystems’,

The Global Innovation Index 2013

More to do

Source: Alan Hughes & Michael Kitson (2013) “Connecting with the Ivory Tower: Business Perspectives on Knowledge Exchange in the UK”

Constraints on Interactions: businesses and academics engaged with the private sector (% of respondents)

Thank you

graeme.reid@ucl.ac.uk

www.ncub.co.uk