Economic wellbeing conf 2 oct 2014 embeded video

Isabel Oswell

Head of Business Audiences, The British Library

Business & IP Centre National

Network: a blueprint for business

support

www.bl.uk 2

What is economic wellbeing?

“Our idea is to contribute to a better understanding

about what influences a population’s perceptions

about well-being and how that consequently shapes

entrepreneurship indicators. One interesting finding is

that in all regions, entrepreneurs exhibit relatively

higher rates of subjective well-being in comparison to

individuals who are not involved in the process of

starting a business or owning/managing a business.

Another relevant result is that female entrepreneurs in

innovation-driven economies exhibit on average a

higher degree of subjective well-being than males.

This initial assessment opens up possibilities for

exploring the role of women and men entrepreneurs

beyond the traditional notion of development

generally associated with economic indicators.”

José Ernesto Amorós, co-author of GEM 2013 Global

Report

www.bl.uk 3

Our Mission

We support entrepreneurs and

innovators from that first spark of

inspiration to successfully launching

and growing a business. We can

also help ambitious London-based

businesses get to the next level with

our business support programme,

Innovating for Growth.

www.bl.uk 4

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The Business & IP Centre

Comprehensive Business and IP information (worth £5m) and expertise

Workshop rooms and networking area

Specific facilities for disabled users

Conference Centre for ‘Inspiring Entrepreneurs’ and other large-scale events

25+ strategic partners operating at a national level, 20+ service delivery partners, with complementary skills and over 75 marketing partners

Strong customer networks built up using social media and online (>1m interactions)

Significant goodwill and pro bono support from ‘role model’ entrepreneurs and professional advisors

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The London success story to date

Developed a highly successful partner

programme

Attracted over £13 million of in-kind benefits,

including sponsorship, pro bono advice and

support and press coverage

Between April 2005 and March 2011 we

helped to create 2,775 new businesses and a

further 3,345 new jobs.*

The combined turnover for these businesses

was £153 million and 84% of their founders

say this success would not have been

achieved without our help.*

Welcomed over 400,000 people through

the doors

Of whom over 40,000 have received

direct advice, guidance and training

Delivered over 6,000 workshops and 1:1

advice sessions, along with established

high profile Inspiring Entrepreneurs sell-

out series of events with role model

entrepreneurs

Successfully reached out to diverse

audiences: 58% women, 40% BAME, 5%

disabled

Since opening in March 2006, the Centre has

* Economic Impact Evaluation of the British Library’s Business & IP Centre, Adroit Economics Ltd, based

on survey of 1, 201 respondents, April 2012

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British Library’s ‘Seven Up Census’

We provide a valuable and appreciated service 96% would recommend the Centre to others

94% were satisfied with the service that they received

90% will continue to use the Centre

94% would not have achieved their results without our help

Our service gives entrepreneurs skills and confidence

46% raised their awareness and understanding of IP issues

43% were able to understand their customers and markets better

40% acquired new skills through workshops

33% gained the confidence to set up a business

These skills help them start, sustain and grow businesses

We have created 2,775 new businesses and a further 3,345 jobs

These businesses have increased their turnover by £153 million

The Centre gives people a much better than average chance of success: only 1

in 10 had failed after year 3, compared with 4 in 10 across the UK

Their businesses drive London's economy

£47.1 million of net additional Gross Value Added

Average turnover increase per £1 invested of £8.80

Over £11 million of in-kind contributions generated, including pro bono

support and press coverage Source: Adroit Economics, May 2012

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We increase people’s chances of success

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Regular Service - snapshot of workshops

Topic Title Delivered by

Start Up Startup Saturday Enterprise Nation

Introduction to Lean Start-Up (includes webinars) British Library and

Capital Enterprise

IP and Innovation Beginner’s Guide to IP, How to search on patents/trade

marks/designs (includes webinars)

British Library and IPO

What next for your invention? Plan, Prototype, Protect London IP and Bang

Creations

Inventions advice clinics Ideas21

Marketing Marketing Masterclass – developing a marketing strategy Grow

Digital Marketing, including SEO and social media Lucidica

Knowing your Market (includes webinars) British Library

Business Planning How to write a Business Plan School for Startups

Trends workshop – analysis of opportunities in specific markets Insider Trends

Finance & Funding Essential Business Finance Johnny Martin

Funding for Fast Growth The Funding Game

Funding options advice clinics Angels Den

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Innovating for Growth Programme

Supporting ambitious SMEs in London to grow, through customised

innovation support:

£1m of match funding from ERDF over 4 years (including 1 year extension)

Three-month programme (worth £10k), containing 6 modules, including business

strategy, intellectual property, marketing/branding and new product development

Companies who have been trading for at least a year, have a turnover of £100k+

and plans to grow through e.g. new products/services, new markets and new

business models

140 SMEs have completed the programme of which over half started their

company with the help of the Centre

132 jobs created to date and >£2m GVA

Finalist in 2014 Regiostars Awards

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Business & IP Centre Partners

Delivery Partners

– ABA Design

– Angels Den

– Bang Creations

– Bob Lindsey – product development

– Enterprise Europe Network

– Enterprise Nation

– Expert Impact

– GAP Consulting

– Grow

– Ideas21

– Insider Trends

– Johnny Martin ‘Numbers Coach’

– London Business Support Service

– London IP

– Lucidica

– MakersCo Ltd

– Manufactory Advice Service (MAS)

– Mark Sheahan, ‘Inventor in

Residence’

– Rasheed Ogunlaru

– Red Ochre

– The Funding Game

– Tie UK

– UK’s Affordable Mentors

Strategic Partners

– Arts Council England

– Barclays

– British Chambers of Commerce

– Camden Council

– Capital Enterprise

– Centre for Cities

– Companies House

– Dept for Business, Innovation &

Skills

– Department for Culture, Media &

Sport

– Dept for Local Communities &

Government (DCLG)

– Federation of Small Businesses

– GLE oneLondon

– GrowthAccelerator

– Intellectual Property Office

– HM Revenue & Customs

– Institute of Directors

– Knowledge Connect

– Leonard Cheshire Disability

– London Chamber of Commerce

– National Association of College and

University Entrepreneurs (NACUE)

– National Enterprise Network

– NESTA

– PATLIB UK

– Technology Strategy Board

– The Prince’s Trust

– UK Trade & Investment

– Youth Business International

Network Partners

– Anti-Copying in Design (ACID)

– Bloomfield Associates

– Bright Ideas Trust

– Business in the Community

– Business Scene

– Cass Centre for Enterprise

– Centa Business Services

– Chartered Institute of Patent Attorneys

(CIPA)

– Company Partners

– Company Shortcuts

– Cooperatives UK

– Croydon Roundtable of Inventors

– Designing Demand

– ecoConnect

– Enternships

– Entrepreneur Country

– E Skills

– Everywoman

– Fashion Angel

– Fredericks Foundation

– Funding Circle

– Getting British Business Online

– Global Action Plan

– Halebury Legal Consultants

– HR Help 4 Business

– Institute of Trademark Attorneys (ITMA)

– Institute for Small Business &

Entrepreneurship (ISBE)

– IP21

– Islington Chamber of Commerce

– Knowledge Dock

– Knowledge Peers

– London Apprenticeship Company

– London Bioscience Innovation Centre

– London Business Angels

– Marks & Clerk

– MessageLab

– New Entrepreneurs Foundation

– PopUp Britain

– Prince’s Initiative for Mature Enterprise

(PRIME)

– Prowess

– Rockstar Mentoring

– Sales Talent Spotters

– Sarsaparilla Marketing

– School for Social Entrepreneurs

– School for Start-ups

– Shell LiveWIRE

– She’s Ingenious!

– Shirlaws

– Social Enterprise London

– Social Firms UK

– Smarta

– SME Academy

– StartUp Britain

– Stelios Philanthropic Foundation

– Techcrunch

– Thames Innovation Centre

– The Book Midwife

– The Hub

– The Small Business Consultancy

– Trademark Direct

– UCL Advances

– UnLtd World

– Workspace Group

– Women Unlimited

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Our track record in supporting entrepreneurs

“I am a passionate supporter of the

work of the Centre…to receive solid

support from an organisation with

sparkle and dynamism really makes a

difference. I couldn’t have secured

the supermarket orders without the

IP support on Innovating for

Growth.”

Guy Jeremiah

Managing Director, Ohyo

Ohyo is an eco-friendly collapsible

water bottle. The company has now

secured an order with two of UK’s

largest supermarket chains and

generated enough turnover to

support two new full-time staff.

“I was fascinated by how much

information was here and it was all

free. I spent hours and hours here.

There’s nowhere else I can think of

that I could get that information and

everyone's knowledgeable here,

they’ve all got special skills and are

willing to help. It’s definitely unique.”

Imran Merzan and Taz Basunia

Co-founders, Jealous

Jealous make gluten free, vegetarian

sweets for grown ups. They are now

stocked in the major luxury retailers,

Harrods, Harvey Nicholls and

Selfridges as well as luxury hotels

across the world.

“The Centre helped me write my first ever

business plan, which gave my business a

real structure and chance at success.

When I came to register the trade mark

for the London Jewellery School, experts

at the Library talked me through the

whole process, gave real practical advice

and helped me to find the right lawyers

and make the right decisions for my

business.”

Jessica Rose

Founder, London Jewellery School

In 4 years, the London Jewellery School

has grown to a turnover of £400k, has 5

permanent staff, 30 freelancers,

thousands of students.

www.bl.uk 13

Inspiring Entrepreneurs – live screenings and

webcasts

Piers Linney, Kelly Hoppen and Doug

Richard, In the Den with the Dragons,

19 November 2013

Lord Sugar

Richard Reed

Innocent Drinks

Dame Martha Lane Fox

LastMinute.com Deborah

Meaden

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Business & IP Centre Ambassadors

Doug Richard, ex- Dragon and

founder of School for Startups

Stephen Fear, Entrepreneur in

Residence and founder of Fear

Foundation

Shazia Awan, founder of Peachy

Pink

Tim Campbell MBE, winner of The

Apprentice and founder of Bright

Ideas Trust

Lord Bilimoria, founder of Cobra

Beer

Emma Jones, MBE, publisher and

founder of Enterprise Nation

Matthew Rock , City AM journalist and

co-founder of Caspian Media

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Our Vision

We will be the ‘front door’ to business support

for SMEs and entrepreneurs, from all walks of

life, across the UK.

By 2020, there will be a network of Centres in

city libraries throughout the UK which provide

trusted face-to-face IP and innovation support.

The Centres will play an essential in local

Growth Hubs and will signpost people to

relevant local and national support services.

The national network will help to expand the

pool of entrepreneurial talent and increase

people’s chance of success, leading to the

creation of robust businesses, more jobs and

thereby contribute to economic growth across

the UK.

www.bl.uk 16

Widespread support for the National Network

When you pick up your library

card in the future, you could be

collecting a card for new career.

Eric Pickles, Secretary of State

for Communities & Local

Government

February 2013

Libraries play a vital role in

enabling everyone to access

knowledge and these Centres

offer a really positive example of

how that knowledge includes

access to advice, guidance and

support for business…we think

there is a good fit between what

the Centres are doing and their

participation in Growth Hubs.

Matthew Hancock MP, Minister

for Skills and Enterprise

June 2014

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Business & IP Centre Model

Business and

intellectual property

collections and

expertise

Practical workshops

delivered by library

staff and experienced

business partners

Mentoring and

1:1 advice,

including

Entrepreneur

and Inventor in

Residence

Networking

events,

including

Inspiring

Entrepreneurs

Trusted portal to other

local and national

services (part of

Growth Hub)

Accessible and

open to all, including

diverse and

disadvantaged

communities

Central city

location, with excellent facilities

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Business & IP Centre National Network

Business & IP Centres

City libraries, which are part of PatLib and have

business libraries:

Birmingham

Leeds

London

Manchester

Sheffield

Liverpool

Newcastle upon Tyne

Enterprising Libraries

Hull

Exeter/Devon

Ealing, Harrow & Hounslow (tri-borough bid)

Enfield

Haringey

Greater Manchester

Middlesbrough

Northampton/Northants

Norwich/Norfolk

Portsmouth

PatLib UK Libraries

Glasgow

Aberdeen

Belfast

Llandudno

Newport (IPO)

Plymouth

www.bl.uk 19

Our National Network partners

Leeds Central Library of Birmingham Sheffield Central

Liverpool Central

Newcastle City

Library

Manchester Central

www.bl.uk 20

Enterprising Libraries

• Grants of £45,000 awarded to 10 library authorities

to deliver targeted business support activities to

local communities

• Each project works with the closest Business & IP

Centre geographically in a hub and spoke model

• Centrally co-ordinated by the British Library who

provide training, marketing support and advocacy.

• Creates a pipeline for Business & IP Centre National

Network expansion and brings new areas of

expertise to the Network, e.g. a FabLab ‘maker

space’ in Exeter.

• Key metrics and economic impact study to be

reported at the end of the project, March 2015.

• Exeter

• Greater Manchester

• Hull

• Middlesbrough

• Northampton

• Norwich

• Portsmouth

• London Borough of Enfield

• London Borough of

Haringey

• Tri-borough of Ealing,

Harrow & Hounslow

www.bl.uk 21

National Network Supporters

• £100k seed funding from the Intellectual Property Office (2012)

• Subsequent funding of £1.1m through Enterprising Libraries programme

and Barclays sponsorship (April 2013-March 2015)

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The British Library’s role

• Overall coordination of the network

• Initial consultation/hand-holding

• Workshop and events formats and

materials

• Shared marketing campaigns and

collateral, including ‘Brand Book’

• Partnership programme and

selection

• Access to the Business & IP Centre

blueprint

• Training and secondments

• Assistance with bid-writing and securing

public and private funding

• Help with selecting databases and

possible ‘piggyback’ licences

• National PR campaigns and stakeholder

relations/advocacy (e.g. hosting the LEP

Summit)

• Monitoring and reporting systems, as

well as national impact studies

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Benefits of the Business & IP Centre National

Network

• Unlocks the potential of city libraries to support IP exploitation and

innovation in their local economies and take part in Growth Hubs

• Takes advantage of existing assets in central city locations and leverages

libraries’ unique position as trusted and accessible places

• Provides economies of scale and makes the most of shared resources and

expertise

• Enables the delivery of much greater social and economic impact and

wellbeing than any one library could achieve on its own

• Supports the Government’s national and local growth agenda

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What next?

• Plan to sustain the current National Network and add 3-4 pilots

• In discussions with DCLG, BIS and DCMS about securing additional

development funding to support our aims

• In discussions with LEPs about supporting city library partners through

ERDF/ESF funding and/or local growth deals

• Creating a pipeline of potential corporate partners

Q & A