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Universities and Growth:  The story so far; Challenges ahead - Mark Holmes, Deputy Director, Innovation, Infrastructure and Impact, BIS
 

Universities and Growth: The story so far; Challenges ahead - Mark Holmes, Deputy Director, Innovation, Infrastructure and Impact, BIS

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Universities and Growth: The story so far; Challenges ahead - Mark Holmes, Deputy Director, Innovation, Infrastructure and Impact, BIS

Universities and Growth: The story so far; Challenges ahead - Mark Holmes, Deputy Director, Innovation, Infrastructure and Impact, BIS

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  • While this does not solely focus on innovation performance, the Global Competitiveness Index assesses the competitiveness of countries and provides information on the drivers of productivity and standards of living. The UK ranked 10th in 2013/14. On the level of university-industry collaboration in R&D the UK is ranked 5th on this index, and is third in the world for the quality of its scientific institutions. <br />

Universities and Growth:  The story so far; Challenges ahead - Mark Holmes, Deputy Director, Innovation, Infrastructure and Impact, BIS Universities and Growth: The story so far; Challenges ahead - Mark Holmes, Deputy Director, Innovation, Infrastructure and Impact, BIS Presentation Transcript

  • 1 The story so far; the challenges ahead UUK conference, 3 April 2014: The contribution of UK universities to national and local economic growth Mark Holmes Deputy Director, Innovation Infrastructure and Impact Department for Business, Innovation and Skills
  • 2 UK innovation performance has improved in recent years In the Global Innovation Index, published annually, the UK ranks in 3rd place – highest in the G20 – and 2nd for university-business collaboration 12 10 8 6 4 2 0 2008/09 2009/10 2011 2012 2013 WorldRanking Overall rank University-business collaboration
  • 3 Impact of UK research includes impressive successes • 80% reduction in the amount of water needed to grow a strawberry • Developing the genetic stock of 80% of breeding chickens • Reversing paralysis in dogs by transplanting stem cells from the nose into the spinal cord • Creating technology used in 90% of smartphone chips worldwide • Producing 40% of the world's small satellites • Developing 14% of the top 100 medicines in use today, second only to the USA • Attracting global investment: a higher percentage of UK R&D funding comes from overseas than in any other G8 country
  • 4 We get more bang for our buck: can we sustain that? Gross Expenditure on R&D as a share of GDP Finland France Germany Japan Korea UK, 1.72% United States China Russia 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 GERDasapercentageofGDP
  • 5 World Economic Forum - Global Competitiveness Index 2013/14 4.60 4.80 5.00 5.20 5.40 5.60 5.80 S w itzerland S ingaporeFinlandG erm any U nited S tatesSw ed en H ong K ong S A R N etherlands Japan U nited K ingdomN orw ay Taiw an ,C hina Q atarC anadaD enm a rkA ustriaB elgiu m N ew Z ealand U nited A rab E m irates S au diA rabiaA ustralia Luxem bourgFranceM alaysia Korea, Re p. Score (1-7) Can we make more of our strengths?Score(scaleof1to7) World Economic Forum – Global Competitiveness Index 2013/14
  • 6 Universities have a vital role – much wider than “impact” …and today’s new UUK research illustrates the scale of universities’ wider impact on the economy and the knock-on benefits through direct & indirect expenditure in local economy as providers of skills and skilled workers as attractors of inward investment by supporting student entrepreneurship by facilitating the innovation ecosystem as suppliers of workforce development services through start-ups, incubation and commercialisation as suppliers of contract research and knowledge services through civic leadership Universities as drivers of the economy
  • 7 Andrew Witty believes better alignment can achieve more Challenge: • connect funding for research & application effectively • preserve principle of funding excellence • …and simplify funding landscape Cutting-Edge Research Commercialisation Exploitation Comparative Advantage Approach: • Bring together the experts • Learn from existing models
  • 8 Partnership between Universities and LEPs will be key • LEPs have an increasingly important economic role in England – putting innovation at the heart of thinking in many areas – developing multi-year Strategic Economic Plans – directing significant public funds • University Enterprise Zones will pilot a new approach: – encouraging universities, businesses and LEPs to intensify engagement – helping to fund incubator and grow-on space – attracting inward investment • Universities are obvious partners to propose innovation projects for EU Structural & Investment Funds – Expecting £660m of these funds to be spent on innovation in England – Creative solutions needed on match funding
  • 9 Impact is about telling the story too • Science & Innovation Strategy – to be published at Autumn Statement – Long-term science capital plans at centre – Drawing strands together, e.g. Hauser review of Catapult network – Strategic case for Government support for science and innovation • REF impact case studies – How can universities make the most of these valuable resources? • Making the case for the system rather than the parts
  • Mark Holmes Deputy Director, Innovation Infrastructure & Impact Department for Business, Innovation & Skills mark.holmes@bis.gsi.gov.uk 020 7215 5819