NEWCASTLE SCIENCE CITY Prosperity from Science for Newcastle Estelle Chatard Newcastle Science City 9 th February 2009.

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!