Launch of the OxIGT

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Introductory Presentation for the Launch of the Oxfordshire Innovation and Growth Team

Introductory Presentation for the Launch of the Oxfordshire Innovation and Growth Team

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  • Making the South East the place to be for high growth businesses Turning potential into reality Even more relevant in current economic climate
  • Intelligent networks Creating a community of the most exciting businesses in the South East
  • The businesses will have at their disposal a senior management/advisory board

Transcript

  • 1. Launch of Oxfordshire Innovation and Growth Team 28 th January 2010 @ Infineum UK, Milton Hill, Oxfordshire Performance you can rely on.
  • 2. Launch of Oxfordshire Innovation and Growth Team
    • Martin Dare-Edwards Chair of the Oxfordshire IGT and UK Country Manager for Infineum “Collaboration and Innovation”
    • Simon Edmonds Director Innovation, Department Business, Innovation & Skills “The UK’s Innovation System”
    • Cllr Keith Mitchell CBE Leader of Oxfordshire County Council and SEEDA board member “Oxfordshire’s Spirit of Innovation”
    • Stuart Miller OxIGT Board Director and CEO of ByBox “Rebellion. Ambition. Stretch. Help.”
  • 3. Collaboration and Innovation Martin Dare-Edwards, Chair of OxIGT & UK Country Manager of Infineum Performance you can rely on.
  • 4. Oxfordshire Innovation and Growth Team “Innovative Collaboration”
    • IGT Board comprised of representatives of the Executive Partner organizations:
        • Oxford Brookes University, Isis Innovation, Oxford Innovation, Science Oxford, Business Link, Oxfordshire County Council, the Oxfordshire Economic Partnership, LeaderShape, the Technology Strategy Board and NESTA .
      • Chaired by Martin Dare-Edwards representing a large global, Oxfordshire-headquartered, innovative, high technology company
      • Our remaining Board members are two of Oxfordshire’s highly successful entrepreneurs who have committed their support to the IGT - Stuart Miller of Bybox and Bruce Savage of GFC Diagnostics.
  • 5. Oxfordshire Innovation and Growth Team “Collaborative Innovation”
    • The IGT Board have worked together to develop a strategy and plan to achieve our vision of creating a vibrant community of our most ambitious and innovative businesses (the “ Community of Innovation ”) which will truly establish Oxfordshire as a world class Innovation hotspot.
    • Oxfordshire already has significant strengths in innovation - there are few places in the world with better support for and a track record with start-ups. However there is a lot more that could be done and by working together we aim to inspire and mobilise everyone in Oxfordshire’s innovation ecosystem to put their energy and resources behind realising our ambitious vision.
  • 6. Why the formation of South East Business Innovation & Growth Teams?
    • A new approach to Business Support
    • Supporting innovative and high growth companies
    • Reduce multiple programme confusion
    • Create a “ Community of Innovation ” in Oxfordshire
    • Funded by SEEDA
  • 7. Why is SEEDA doing this…
    • Across the South East region:
    • Intensively support 2,000 innovative and high growth potential businesses
    • Engage further 4,000 businesses in local “ Communities of Innovation ” - transformational impact by 2016
    • Focus on emerging markets (e.g. Biotech, Medical, Green and Clean…)
    • Raise “business to business” collaboration levels, knowledge transfer and open innovation - business growth drivers
    • Bring together local drivers of innovation to ensure local resources fully committed to a shared business growth goal
    • £500 million boost to the South East economy & Extra £250 million in investment over the next two years.
  • 8. Which businesses are we looking for?
    • Companies with demonstrable growth or high growth potential
    • Typical filters: openness, aspiration and attitude ability and capacity amount of external finance sought evidence of strong order book willingness to invest time willingness to innovate desire to collaborate
    • Four segments: High growth start-ups and scalable micros; step-change, small to medium, £1m+ t/o; (“Bambi’s”) step-change, medium to large, £10m+ t/o; (“Gazelles”) large knowledge generators, £100m+ t/o (“Elephants”)
  • 9. Elements of Support to clients
    • Blended to the needs of the business, support available includes:
      • Starting a high growth business
      • Innovation Advice and Guidance
      • Coaching for High Growth
      • Understanding Finance for Business
      • Business Collaboration Networks
  • 10. The Business offer
    • Tailored support
    • Delivered by experienced business professionals, coaches and mentors
    • Business knowledge, experience, skills, capabilities and contacts
    • Advice, coaching, experienced mentors, peer mentoring, networking and intelligent connections
    • Open Innovation
    • Lead on Funding for the whole of the South East
    • Local, but working across the region as one team
    • Business Link as primary route of access; additional feeds from IGT Partners
  • 11. Oxfordshire Innovation and Growth Team
    • Team Director – Tony Hart
    • Interim Team Director – Bob Reid
    • Portfolio Directors Wendy Tindsley, Costas Chryssou, Peter Russell, Chris Moody, Robert Swerdlow
    • Network Manager – Placi Espejo
    • Team Administration and Support – Sam Vaughan
  • 12. OxIGT Mission Collaboration for Innovation!
    • Collaboration lies at the HEART of Transformative Innovation , and High Growth
    • Establishment of a vibrant, collaborative, self-sustaining “ Community of Innovation ” within Oxfordshire (and with our South East partners) should be regarded as the Core Mission of the Oxfordshire Innovation and Growth Team