Boosting Local Enterprise

16th October 2013
Growth and Entrepreneurship
Major Chahal
– UK Space Agency

Peter Chandler
– Leicester City Council

Constantina Katsari-M...
Support for Entrepreneurship
Dr Major Chahal
Technology and Knowledge Exchange
www.ukspaceagency.bis.gov.uk
16th October 2...
Who We Are
• Fully operational in April 2011
• Replaced the British National Space Centre (BNSC)
• Integrates space budget...
The UK space sector has changed
 Formation of UK Space Agency
 Industry-led strategy to grow the sector over ten
years (...
Key Facts
The UK space sector
contributes £7.5 billion to
the economy

Direct employment 24,900

jobs supported by space –...
Space IGS Target: £40bn UK space turnover by
2030 (10% of global market)
Growth scenarios





45000

40000

UK turnove...
Growth through innovation
New
technologies
and
applications of
space

Growth through
exports
Winning a
larger share of
the...
Harwell and the wider UK space sector
Agency partners
(TSB, research
councils,
MoD…)

Catapult
Satellite
applications

RAL...
ESA focus at Harwell
Agreed at 2012 ESA Ministerial :
1. For the ESA Director for Telecoms and Integrated Applications
and...
Working with our Partners:
the Technology Strategy Board

• Delivery partner of the UK Space Agency for
telecommunications...
National Space Technology
Programme (NSTP)
• Recognised as a priority for the UK Space sector by the industry led
Space In...
Other National Space Programmes

Basic R&D through to flight demonstrations and applications
Case Study
SME engagement
•

Expertise in Space engineering projects

•

Magna Parva received funding from ESA to develop ...
In summary

We invest in
the UK space
industry.
We provide
international
representation
We manage the
UK civil
programme t...
Pioneer Park
Phoenix Square
LCB Depot
Makers Yard

Café Creatif
Exhibition Spaces
Exhibition Spaces
Leicester
Tech Startups

leicesterstartups.com

creativecoffee.org.uk
Thank you

Peter Chandler
peter.chandler@leicester.gov.uk
Re-eVALUATION OF
THE BUSINESS PLAN
BY DR. CONSTANTINA KATSARI-MUSTON
Business Plan:
the alleged benefits
•

Clarity ‘n Safety

•

Assesses Resources

•

Defines Outcomes

•

Blueprint of Succ...
business plan:
the reality
•

Waste of time

•

Waste of money

•

Based on wild
assumptions

•

Headaches

•

Image sourc...
Facts or fiction?
•

Unknown Parameters

•

Who is the Customer?

•

How many Customers?

•

How many Sales?

•

How much ...
Lean movement

•

Find the Customer

•

Build the Product

•

Assess the Business

•

Pivot or Persist
lean canvas
Full lean canvas
www.slideshare.net/de-pe/lean-canvas-process-and-examples
lean benefits
•

Save Time

•

Save Money

•

Flexibility

•

Learning

•

Success

•

Source Image (Wawel Castle, 1550s):...
the end
Supporting start-ups
through business
incubation
Nicola Musgrove
ESA Business Incubation Centre
Support Manager

ESA UNCLA...
A Scary Fact…

1 in 3 start-up businesses fail in the first year…..

but that means that 2 thirds make it!

ESA Presentati...
So why do a 3rd of them
fail?

ESA Presentation | DD/MM/YYYY | Slide 3
ESA UNCLASSIFIED – For Official Use
Product

ESA Presentation | DD/MM/YYYY | Slide 4
ESA UNCLASSIFIED – For Official Use
Cash Flow

ESA Presentation | DD/MM/YYYY | Slide 5
ESA UNCLASSIFIED – For Official Use
Sales and Marketing

ESA Presentation | DD/MM/YYYY | Slide 6
ESA UNCLASSIFIED – For Official Use
Building a Team

ESA Presentation | DD/MM/YYYY | Slide 7
ESA UNCLASSIFIED – For Official Use
But it’s not all doom and gloom!

Incubation Centres are here to help!

ESA Presentation | DD/MM/YYYY | Slide 8
ESA UNCLAS...
What we do….
The ESA Business Incubation Centre
(ESA BIC) Harwell supports
entrepreneurs and high tech startup companies w...
What do we offer to our “incubatees”?
• Access to sources of regional, national and joint venture
capital funding
• A cash...
How can you apply?

ESA BIC Harwell has an open call for proposals, which means that you can
submit an application to us a...
ESA BIC Harwell Incubatees
We have supported 27 Incubatees over the last 2
and a half years!

ESA UNCLASSIFIED – For Offic...
Precision Sports
Technologies
 Precision Sports Technologies Ltd is a sports
science technology company, specialising in ...
iGeolise
 iGeolise build applications that add
value to local data in order to enable
successful local searches
 Their f...
Oxford Space Structures
Oxford Space Structures is a business
generated by the Future Business PreIncubator in partnership...
Alumni
So far 12 companies have completed
the programme.
And they’re all still going!!!

ESA UNCLASSIFIED – For Official U...
The Electrospinning
Company
The first start-up to move into ESA BIC
Harwell.
Leading provider of electrospun nanofibre
tec...
Oxford nanoSystems


Oxford nanoSystems have developed nanocoatings to help improve
efficiency, heat transfer and reduce ...
Instantview


Instantview are developing a mobile phone app
which helps insurers reduce the costs of
administering claims...
Thanks for listening

So what could you do with space
technology?
The deadline for the next selection
campaign is the 4th ...
Contact
The ESA BIC Harwell is managed by STFC Innovations Limited. Please
contact us at:
Nicola Musgrove
ESA BIC Support ...
HUB:BLE-2 02 Growth and Entrepreneurship
HUB:BLE-2 02 Growth and Entrepreneurship
HUB:BLE-2 02 Growth and Entrepreneurship
HUB:BLE-2 02 Growth and Entrepreneurship
HUB:BLE-2 02 Growth and Entrepreneurship
HUB:BLE-2 02 Growth and Entrepreneurship
HUB:BLE-2 02 Growth and Entrepreneurship
HUB:BLE-2 02 Growth and Entrepreneurship
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Growth and Entrepreneurship

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HUB:BLE-2 02 Growth and Entrepreneurship

  1. 1. Boosting Local Enterprise 16th October 2013
  2. 2. Growth and Entrepreneurship Major Chahal – UK Space Agency Peter Chandler – Leicester City Council Constantina Katsari-Mutson – Leicester for Business Nicola Musgrove – ESA Business Incubation Centre
  3. 3. Support for Entrepreneurship Dr Major Chahal Technology and Knowledge Exchange www.ukspaceagency.bis.gov.uk 16th October 2013
  4. 4. Who We Are • Fully operational in April 2011 • Replaced the British National Space Centre (BNSC) • Integrates space budgets from four organisations and policy responsibilities from others  more coherence and efficiency  a sweep of activities from basic science, through technology and on to applications • An executive agency of the Department of Business Innovation and Skills (BIS) • HQ in Swindon, Wiltshire • Offices in London and Harwell, Oxford Dr David Parker Chief Executive
  5. 5. The UK space sector has changed  Formation of UK Space Agency  Industry-led strategy to grow the sector over ten years (‘Space IGS’)  Goal to win 10% of £400B market in 2030  Establishment of an ESA presence in the UK  Creation of the International Space Innovation Centre and Space Catapult at Harwell  New businesses exploiting space
  6. 6. Key Facts The UK space sector contributes £7.5 billion to the economy Direct employment 24,900 jobs supported by space – 80,000 57% of staff are graduates Value added per employee is three times the UK average The UK space industry is six times more R&D intensive than the UK economy as a whole The UK space sector growth - 9% pa UK share of the global market – 7% By 2020, predicted to be worth £14.2 billion per year and supporting 115,000 more jobs Data from Oxford Economic Forecasting / SEEDA
  7. 7. Space IGS Target: £40bn UK space turnover by 2030 (10% of global market) Growth scenarios    45000 40000 UK turnover (static share at 6%) UK turnover (global share up to 10%) 35000 UK turnover (global share down to 3%) 30000 25000 20000 15000 10000 5000 0 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24 20 25 20 26 20 27 20 28 20 29 20 30  maintain current share of global economy: £25bn by 2030 UK grows at 9% p.a.: 10% of global economy & £40bn by 2030 other nations are competing as hard as UK organic growth only delivers £20bn to £25bn by 2030 need to be game changing: new business models, innovate technologies, infrastructure, downstream applications, investment £M  On track, £9 bn in 2011, but early days
  8. 8. Growth through innovation New technologies and applications of space Growth through exports Winning a larger share of the global market Growth through exploiting new opportunities Growth Strategy Science as an Exploring space to gain new knowledge, train the next generation and create new technology Education for space and space for education New uses of space such as climate change services Using space across the public sector to deliver more efficient services Growth through smarter government enabler of growth Education for growth
  9. 9. Harwell and the wider UK space sector Agency partners (TSB, research councils, MoD…) Catapult Satellite applications RAL Space: ESA Including existing facilities ESA Business Incubator Harwell Space Cluster EU space programme creating new space businesses Co-located universities and industry International Space Agencies Industry, universities and research organisations Supporting and exploiting the campus environment ESA Centre • • • Applications Climate Change Exploration
  10. 10. ESA focus at Harwell Agreed at 2012 ESA Ministerial : 1. For the ESA Director for Telecoms and Integrated Applications and key staff to be collocated at Harwell, ESA’s Innovation and Applications Centre; 2. For the ESA Climate Change Initiative Programme to be run from Harwell 3. To continue progress on exploration activities with a planetary sample curation facility as a longer term goal. 4. To define and develop Harwell’s central role in promoting the innovation cycle across ESA programmes and centres to help ESA adapt to the future; 5. To support ESA Harwell further expanding its links with the wider UK space and innovation scene.
  11. 11. Working with our Partners: the Technology Strategy Board • Delivery partner of the UK Space Agency for telecommunications and navigation programmes • Promoting business opportunities for the UK Space industry across other growth sectors • Providing Technology Demonstration opportunities • Knowledge Transfer to drive growth • Open Innovation to accelerate R&D into business use
  12. 12. National Space Technology Programme (NSTP) • Recognised as a priority for the UK Space sector by the industry led Space Innovation and Growth Strategy • NSTP provides the pump priming for: – new technologies to enter new markets – new commercial and scientific applications – To attract mainstream private investment – Strengthen support for ESA engagement • The programme aims to fill gaps in existing public and private funding mechanisms for space in the UK. (mid TRLs and commercial routes) • IGT roadmapping exercise provides existing and needed capabilities for the UK in five defined areas. Telecommunications – Sensing – Position, Navigation and Timing – Exploration and Robotics – Access to Space
  13. 13. Other National Space Programmes Basic R&D through to flight demonstrations and applications
  14. 14. Case Study SME engagement • Expertise in Space engineering projects • Magna Parva received funding from ESA to develop an Ultrasonic Drill for Planetary Sampling within the Aurora programme, which, in order to function optimally required the development of an innovative Auto-Resonant Control system (ARC). • Knowledge exchange funding led to radically changing the current manufacturing process for cans away from a cold, high force metal forming system. The potential it offers will save up to 50,000 tonnes of raw material annually by the proposed process changes, resulting in large cost savings and enabling a major reduction of carbon emissions • The ESA GSTP project: In-orbit manufacturing of very long booms, is a direct result of two sources of funding that in this instance were used as an alternative to ESA TRP funding: TSB The Feasibility Studies Competition: Innovation in Space funded project (Manufacture of Large Space Structures) completed in 2011. UKSA NSTP Future Technology Pathfinder Programme funded project (Pultruded Space Components) completed in 2012. This project was a 1st step on the roadmap to in-situ manufacturing. “The UKSA funding was pivotal in enabling us to bring about this technology transfer work”, says Andrew Bowyer, Commercial Director of Magnaparva.
  15. 15. In summary We invest in the UK space industry. We provide international representation We manage the UK civil programme to explore and exploit space. The UK’s approach to space is lean, agile and commercial Harwell is a new focus for delivering our goals.
  16. 16. Pioneer Park
  17. 17. Phoenix Square LCB Depot
  18. 18. Makers Yard Café Creatif
  19. 19. Exhibition Spaces
  20. 20. Exhibition Spaces
  21. 21. Leicester Tech Startups leicesterstartups.com creativecoffee.org.uk
  22. 22. Thank you Peter Chandler peter.chandler@leicester.gov.uk
  23. 23. Re-eVALUATION OF THE BUSINESS PLAN BY DR. CONSTANTINA KATSARI-MUSTON
  24. 24. Business Plan: the alleged benefits • Clarity ‘n Safety • Assesses Resources • Defines Outcomes • Blueprint of Success
  25. 25. business plan: the reality • Waste of time • Waste of money • Based on wild assumptions • Headaches • Image source: http://www.dynamicbusinessplan.com/business-plan-metro/
  26. 26. Facts or fiction? • Unknown Parameters • Who is the Customer? • How many Customers? • How many Sales? • How much Money per Sale? • Personnel Cost? etc.
  27. 27. Lean movement • Find the Customer • Build the Product • Assess the Business • Pivot or Persist
  28. 28. lean canvas
  29. 29. Full lean canvas www.slideshare.net/de-pe/lean-canvas-process-and-examples
  30. 30. lean benefits • Save Time • Save Money • Flexibility • Learning • Success • Source Image (Wawel Castle, 1550s): http://commons.wikimedia.org/wiki/File:Arras_013.jpg
  31. 31. the end
  32. 32. Supporting start-ups through business incubation Nicola Musgrove ESA Business Incubation Centre Support Manager ESA UNCLASSIFIED – For Official Use
  33. 33. A Scary Fact… 1 in 3 start-up businesses fail in the first year….. but that means that 2 thirds make it! ESA Presentation | DD/MM/YYYY | Slide 2 ESA UNCLASSIFIED – For Official Use
  34. 34. So why do a 3rd of them fail? ESA Presentation | DD/MM/YYYY | Slide 3 ESA UNCLASSIFIED – For Official Use
  35. 35. Product ESA Presentation | DD/MM/YYYY | Slide 4 ESA UNCLASSIFIED – For Official Use
  36. 36. Cash Flow ESA Presentation | DD/MM/YYYY | Slide 5 ESA UNCLASSIFIED – For Official Use
  37. 37. Sales and Marketing ESA Presentation | DD/MM/YYYY | Slide 6 ESA UNCLASSIFIED – For Official Use
  38. 38. Building a Team ESA Presentation | DD/MM/YYYY | Slide 7 ESA UNCLASSIFIED – For Official Use
  39. 39. But it’s not all doom and gloom! Incubation Centres are here to help! ESA Presentation | DD/MM/YYYY | Slide 8 ESA UNCLASSIFIED – For Official Use
  40. 40. What we do…. The ESA Business Incubation Centre (ESA BIC) Harwell supports entrepreneurs and high tech startup companies who are converting space technologies, applications and services into viable non-space business ideas. In addition to a cash incentive, the ESA BIC provides up to 10 start-up companies per year with unique access to technical expertise, access to equipment and business support. ESA UNCLASSIFIED – For Official Use
  41. 41. What do we offer to our “incubatees”? • Access to sources of regional, national and joint venture capital funding • A cash incentive scheme of £41.5k (€50k) • Easy access to STFC, Satellite Applications Catapult and ESA's technical expertise, technology and IP • Hands-on business development support and advice • Access to the strategic partnerships and networking opportunities • 40 hours of free access STFC resources such as test facilities, laboratories and workshops including ITAC • Fully equipped office space with access to shared facilities ESA UNCLASSIFIED – For Official Use
  42. 42. How can you apply? ESA BIC Harwell has an open call for proposals, which means that you can submit an application to us at any time. The deadline for the next selection campaign is the 4th November 2013. The main requirement for acceptance in ESA's Business Incubation scheme is that your product or service is based on a transfer of space technology, and/or the utilisation of a space system in a non-space environment. All of the documents you need to make your application to us are on our website www.esa-bic.org.uk The complete proposal, together with all supporting documents, should be submitted electronically and by post. ESA Presentation | DD/MM/YYYY | Slide 11 ESA UNCLASSIFIED – For Official Use
  43. 43. ESA BIC Harwell Incubatees We have supported 27 Incubatees over the last 2 and a half years! ESA UNCLASSIFIED – For Official Use
  44. 44. Precision Sports Technologies  Precision Sports Technologies Ltd is a sports science technology company, specialising in the development of innovative and advanced elite sports training & medical systems.  These aid in the monitoring, rehabilitation and enhancement of performance for individual athletes and sports teams. www.precisionsportstech.com ESA Presentation | DD/MM/YYYY | Slide 13 ESA UNCLASSIFIED – For Official Use
  45. 45. iGeolise  iGeolise build applications that add value to local data in order to enable successful local searches  Their first application is called Travel Time and it converts distance into journey time – miles into minutes www.igeolise.com ESA Presentation | DD/MM/YYYY | Slide 14 ESA UNCLASSIFIED – For Official Use
  46. 46. Oxford Space Structures Oxford Space Structures is a business generated by the Future Business PreIncubator in partnership with Said Business School. The company are developing an ultra-light weight and easy to deploy travel cot, revolutionising the way parents travel with their young children. ESA Presentation | DD/MM/YYYY | Slide 15 ESA UNCLASSIFIED – For Official Use
  47. 47. Alumni So far 12 companies have completed the programme. And they’re all still going!!! ESA UNCLASSIFIED – For Official Use
  48. 48. The Electrospinning Company The first start-up to move into ESA BIC Harwell. Leading provider of electrospun nanofibre technology- produce scaffolds for 3D cell growth Applications in regenerative medicine, wound care, coating for stents/ grafts, scaffolds for growth and transportation of stem cells www.electrospinning.co.uk ESA Presentation | DD/MM/YYYY | Slide 17 ESA UNCLASSIFIED – For Official Use
  49. 49. Oxford nanoSystems  Oxford nanoSystems have developed nanocoatings to help improve efficiency, heat transfer and reduce carbon emissions in heating and cooling systems  They have been recognized through: the Shell Springboard Challenge, Tata Idea Idol, Santander Entrepreneurial Awards, and the Said Venture Fund Competition as a transformational company utilizing innovative technologies to develop commercially viable products within the heat transfer industry www.oxfordnanosystems.com ESA Presentation | DD/MM/YYYY | Slide 18 ESA UNCLASSIFIED – For Official Use
  50. 50. Instantview  Instantview are developing a mobile phone app which helps insurers reduce the costs of administering claims  Drivers use the iPhone app to take an images of an accident, as well as details of the cars and people involved. The information is packaged and sent back to a central server. The server can then assess information such as local traffic and weather conditions car and driver information, to provide insurers with a cohesive summary of the incident. www.instantview.co ESA Presentation | DD/MM/YYYY | Slide 19 ESA UNCLASSIFIED – For Official Use
  51. 51. Thanks for listening So what could you do with space technology? The deadline for the next selection campaign is the 4th November 2013. Any questions? ESA Presentation | DD/MM/YYYY | Slide 20 ESA UNCLASSIFIED – For Official Use
  52. 52. Contact The ESA BIC Harwell is managed by STFC Innovations Limited. Please contact us at: Nicola Musgrove ESA BIC Support Manager ESA BIC Harwell STFC R27 Atlas Building Harwell Oxford Didcot OX11 0QX Nicola.musgrove@stfc.ac.uk ESA Presentation | DD/MM/YYYY | Slide 21 ESA UNCLASSIFIED – For Official Use

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