Nesta’s	
  mission:	
  	
  
Bringing	
  great	
  ideas	
  to	
  life	
  and	
  
crea0ng	
  the	
  condi0ons	
  where	
  
i...
Backing	
  innova&on	
  for	
  the	
  
common	
  good	
  through	
  
investment,	
  research,	
  
programmes,	
  networks	...
Investment	
  Strategy	
  Involves:	
  	
  
Venture	
  por<olio	
  with	
  successful	
  exits,	
  backing	
  accelerators...
Policy	
  &	
  Research:	
  	
  

Economics	
  of	
  innova0on,	
  innova0on	
  policy,	
  
evidence,	
  data,	
  	
  glob...
InnovaQon	
  Lab:	
  backing	
  projects	
  and	
  ventures	
  

INNOVATION	
  IN	
  LOCAL	
  
SERVICES	
  
	
  

GIVING	
...
UK	
  Crea(ve	
  Industries	
  

Wider	
  Crea(ve	
  Economy	
  

Innova0on	
  Vouchers
	
  

Skills
	
  

Digital	
  
Inn...
Prizes,	
  crowd-­‐funding	
  
and	
  sourcing,	
  
accelerators
	
  

Open	
  innovaQon,	
  
innovaQon	
  policy,	
  
exp...
A	
  few	
  examples:	
  
Prizes	
  …	
  

9	
  
Accelerator	
  programmes	
  

To	
  date:	
  
•  37	
  programs	
  world-­‐wide	
  
1
•  038	
  companies	
  accelerated	...
Innova0on	
  and	
  Jobs	
  
Unemployment	
  remains	
  stubbornly	
  high…	
  
Par0cularly	
  for	
  young	
  people…	
  
And	
  in	
  specific	
  regi...
The	
  current	
  approaches	
  to	
  tackling	
  worklessness	
  are	
  
complex	
  –	
  and	
  patchy	
  in	
  impact	
 ...
SupporQng	
  
entrepreneurship	
  &	
  
enterprise
	
  

CreaQng	
  &	
  shaping	
  new	
  
markets
	
  
mobilising	
  cap...
Our	
  work	
  
•  Prac0cal	
  support	
  to	
  spread	
  
some	
  of	
  the	
  most	
  exci0ng	
  
innova0ons	
  
•  Buil...
Geoff Mulgan Innovation in Growing Cities
Geoff Mulgan Innovation in Growing Cities
Geoff Mulgan Innovation in Growing Cities
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Geoff Mulgan Innovation in Growing Cities

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From Nesta's event on jobs innovation at the Birmingham Science Museum on 24 October 2013.

Published in: Education, Business
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Geoff Mulgan Innovation in Growing Cities

  1. 1. Nesta’s  mission:     Bringing  great  ideas  to  life  and   crea0ng  the  condi0ons  where   innova0on  can  flourish    
  2. 2. Backing  innova&on  for  the   common  good  through   investment,  research,   programmes,  networks  and   skills  
  3. 3. Investment  Strategy  Involves:     Venture  por<olio  with  successful  exits,  backing  accelerators   and  impact  fund   RESOURCE  EFFICIENCY,   AGEING,  EDUCATION   VENTURE  INVESTING     IMPACT  INVESTMENT  FUND   CATALYSING  START  UP   SUPPORT   SUPPORTING  A  DEVELOPING   MARKET     BIG  SOCIETY   FINANCE  FUND   SVI  FUND   BIG  SOCIETY   FINANCE  FUND   RESEARCH  &  POLICY   RECOMMENDATIONS  
  4. 4. Policy  &  Research:     Economics  of  innova0on,  innova0on  policy,   evidence,  data,    global  innova0on  prac0ce   EXPERIMENTS  IN   INNOVATION  POLICY   START-­‐UPS,  ACCELERATION  AND   ENTREPRENEURSHIP     HOT  TOPICS  AND  FUTURE   TECHNOLOGIES   HOW  TO  MAKE   INNOVATION   POLICY   RESEARCH  FOR  NESTA’S   PRACTICAL  PROGRAMMES:   AGEING,  JOBS,  SOCIAL   ACTION,  HYPER-­‐LOCAL   MEDIA   INNOVATION  AND   ECONOMIC   GROWTH   COLLECTIVE   INTELLIGENCE,   ANALYTICS  &  BIG   DATA   N  AND   INNOVATIO   ECONOMIC   GROWTH COLLECTIVE   INTELLIGENCE,   ANALYTICS  &  BIG   DATA   DIGITAL  SOCIAL   INNOVATION:  EU   PROJECT   ASSET  BRITAIN:   ANALYSING  SOCIAL   INNOVATION   EVIDENCE  AND   EXPERIMENT  IN   POLICY  
  5. 5. InnovaQon  Lab:  backing  projects  and  ventures   INNOVATION  IN  LOCAL   SERVICES     GIVING  AND  SOCIAL  ACTION   HEALTH  AND  AGEING  WELL   DIGITAL  PUBLIC  SERVICES   People   powered   health   5  
  6. 6. UK  Crea(ve  Industries   Wider  Crea(ve  Economy   Innova0on  Vouchers   Skills   Digital   InnovaQon    CreaQve  InnovaQon   in  other  sectors   6  
  7. 7. Prizes,  crowd-­‐funding   and  sourcing,   accelerators   Open  innovaQon,   innovaQon  policy,   experimental  methods     CONNECTING     WITH  INNOVATION    COMMUNITIES  AND  PARTNERS   SPECIFIC  INSIGHTS   FREE  LEARNING  MATERIALS   AND  TOOLS   CUSTOMISED  TRAINING   INTERNATIONAL   DEVELOPMENT   SOCIAL   INNOVATION,   PUBLIC   SERVICES   7  
  8. 8. A  few  examples:  
  9. 9. Prizes  …   9  
  10. 10. Accelerator  programmes   To  date:   •  37  programs  world-­‐wide   1 •  038  companies  accelerated   2 •  01  exits  for  $  1,123,908,100   1 •   1,535,267,341  funding   $ •  864  jobs  created   4 (courtesy  of  www.seed-­‐db.com)  
  11. 11. Innova0on  and  Jobs  
  12. 12. Unemployment  remains  stubbornly  high…   Par0cularly  for  young  people…   And  in  specific  regions…   Challenges  remain  for  most  groups…  
  13. 13. The  current  approaches  to  tackling  worklessness  are   complex  –  and  patchy  in  impact  
  14. 14. SupporQng   entrepreneurship  &   enterprise   CreaQng  &  shaping  new   markets   mobilising  capital  (e.g.   complementary  currencies),   suppor0ng  growth  sectors   and  new  markets  (e.g.   developing  the  green   economy)   Intermediaries  that   improve  matching   employer  pooling,  web-­‐ pla<orms  for  flexible  working   (e.g.  task-­‐matching  sites),   new  approaches  to  careers   advice,  individualised  job-­‐ matching  services   business  services  (e.g.  start-­‐ up  support),  business   incuba0on,  funding  and   training  for  self-­‐employment   Jobs   Innovators   21st  century   employability   new  approaches  to   employment  support  (e.g.   career  coaching,  resilience-­‐ building),  pla<orms  to   showcase  skills  and  build   professional  networks   Blurring  work  &  learning   bringing  work  into  the   classroom  (e.g.  business   mentoring  in  schools),   temporary  jobs  and   supported  job  opportuni0es   (e.g.  appren0ceships  and   traineeships)  
  15. 15. Our  work   •  Prac0cal  support  to  spread   some  of  the  most  exci0ng   innova0ons   •  Building  our  partnership  with   ci0es   •  Developing  a  learning  network   and  sharing  evidence  on  ‘what   works’   www.nesta.org.uk/makingitwork    
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