Digital Frontiers, 25.4.14

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Presentation from the Digital Frontiers event at Waterside Arts Centre, Sale on 25th April 2014

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  • Growth lunches encouraging growth communitysponsored by Cobbetts, KPMG, NatWestSpecialist seminarsIntellectual property / ACEGrowth conferencese.g. Accessing FinanceEvents in GM districtsLAs embedded in Hub offerExpanding the offerBusiness Growth GroupsGM Business Mentoring
  • Growth lunches encouraging growth communitysponsored by Cobbetts, KPMG, NatWestSpecialist seminarsIntellectual property / ACEGrowth conferencese.g. Accessing FinanceEvents in GM districtsLAs embedded in Hub offerExpanding the offerBusiness Growth GroupsGM Business Mentoring
  • Growth lunches encouraging growth communitysponsored by Cobbetts, KPMG, NatWestSpecialist seminarsIntellectual property / ACEGrowth conferencese.g. Accessing FinanceEvents in GM districtsLAs embedded in Hub offerExpanding the offerBusiness Growth GroupsGM Business Mentoring
  • Growth lunches encouraging growth communitysponsored by Cobbetts, KPMG, NatWestSpecialist seminarsIntellectual property / ACEGrowth conferencese.g. Accessing FinanceEvents in GM districtsLAs embedded in Hub offerExpanding the offerBusiness Growth GroupsGM Business Mentoring
  • Disruption likely to become deeper. And far more opportunities are likely to become available for business growth.
  • Digital Frontiers, 25.4.14

    1. 1. Connecting people, creating opportunities Digital Frontiers Waterside Arts Centre, Sale 25th April 2014 09:45 – 15:00
    2. 2. Connecting people, creating opportunities Welcome Ric Michael Facilitator
    3. 3. Connecting people, creating opportunities Helen Jones Corporate Director for Economic Growth and Prosperity Trafford Council
    4. 4. Connecting people, creating opportunities Nigel Walker Head of Access to Finance Technology Strategy Board
    5. 5. Launchpad – stimulating cluster growth Greater Manchester Creative & Digital Launchpad Nigel Walker Access to Finance Technology Strategy Board
    6. 6. We fund, support and connect innovative British businesses through a unique mix of expertise and programmes to accelerate economic growth
    7. 7. Enabling young and early stage SMEs with significant growth ambition by being part of a developing cluster: • Innovation through R&D project funding • Business support including coaching & mentoring • Attracting new investment Open to SMEs that: • Are in the cluster • Plan to start up in / move into the cluster • Collaborate with a company already in the cluster Easy to apply (2 min video), selected companies invited to submit full written application and present to panel Stimulating Cluster Growth
    8. 8. Tech City 1: £1.25m grants for 13 companies Harwell Space: £1m grants for 11 companies Digital and Creative Clyde: £620k grants for 11 companies Materials & Manufacturing North West: £1.5m grants for 18 companies Motorsport Valley: £1.1m grants for 11 projects Cyber Severn Valley: results to be announced soon Previous Launchpad Competitions
    9. 9. Greater Manchester Creative & Digital Launchpad Project Lead Digital Bridge Shortbrite Ltd Interactive Projected Displays Hardy & Ellis Inventions Ltd EventBeat Saas EventBeat Ltd Automating Knowledge in the Cloud Empiricom Technologies Ltd Impact Reason Digital Ltd User-Generated Metadata Movobi Ltd Tick Tickvantage Ltd Moneystream Play Creative Ltd GM Whole House Retrofit Design & Assessment Tool Carbon Co-op Social Hosted TV iBurbia Studios Manchester Ltd
    10. 10. Greater Manchester Creative & Digital Launchpad •10 successful projects, sharing approx £670,000 in grant funding •Project companies participating in business support programme led by “Cluster Champion”, Business Growth Hub •6 shortlisted applicants also engaged •Showcasing event for investors: 10th June at The Landing
    11. 11. www.innovateuk.org Nigel Walker, Access to Finance nigel.walker@tsb.gov.uk 07824 418360 @NigelWalker7
    12. 12. Connecting people, creating opportunities Peter Saunders Company Director Mackinnon & Saunders
    13. 13. Connecting people, creating opportunities Panel Session and Q&A Asa Calow, Director - MadLab Andy Sumner, Managing Director - Sumners MediaCity Ltd. Lynne McCadden, Media Specialist/ Consultant Naomi Timperley, Director - Enterprise Lab
    14. 14. Connecting people, creating opportunities Digital Frontiers Waterside Arts Centre, Sale 25th April 2014 09:45 – 15:00
    15. 15. Connecting people, creating opportunities Akshay Bhatnagar Access to Finance Specialist
    16. 16. Access to Finance Northwest Service Overview Akshay Bhatnagar www.a2fnw.co.uk enquiries@a2fnw.co.uk
    17. 17. Access To Finance – What We Do ‘Matching Businesses With Finance’ 1. Help viable NW SME’s become investment ready 2. Support the process of obtaining appropriate funding
    18. 18. Access To Finance – USP’s ‘Matching Businesses With Finance’ • Impartial / Independent • Credible….Experience / Knowledge • Complimentary • Fully funded = Free To Access • Business Growth Hub
    19. 19. Access To Finance – Types Of Funding ‘Matching Businesses With Finance’ • Business Angels – North West Business Angels • Venture Capital – AXM NWF for Digital and Creative • Grants – TSB and RGF • RGF through GM Funding cascade > £100k • Small firms loan fund – BFS < £100k • Mainstream Bank Lending • Emerging Sources – Crowdfunding / Peer to Peer Lending
    20. 20. Access To Finance – Summary ‘Matching Businesses With Finance’ • A valuable service carried out by very experienced people • Fully-funded service • “one-stop shop” • Experience in digital and creative sector • NWBA
    21. 21. Contact us to find out more! @A2F_NW Phone: 0161 237 4413 Email: enquiries@a2fnw.co.uk Web: www.a2fnw.co.uk
    22. 22. Connecting people, creating opportunities Johanna Bolhoven Creative England
    23. 23. 25 April 2014 Johanna Bolhoven, Creative England Digital Frontiers: Making and Creating Manchester’s Media Future
    24. 24. One stop shop Creative England is the first dedicated support agency for the creative industries outside London, with the core purpose of supporting the sustainable growth of independent creative businesses and the talent that feeds them
    25. 25. Funding and support • Interest free Business Loans • Creative business mentoring programme • Business planning skills workshops • Making a difference with knowledge • Travel grants • Production funding
    26. 26. Johanna Bolhoven Cluster Development Manager Creative England T: +44 7717 755846 E: Johanna.bolhoven@creativeengland.co.uk W: www.creativeengland.co.uk @creativeengland @jbolhoven Johanna Bolhoven Cluster Development Manager Creative England T: +44 7717 755846 E: Johanna.bolhoven@creativeengland.co.uk W: www.creativeengland.co.uk @creativeengland @jbolhoven
    27. 27. Connecting people, creating opportunities Nigel Walker Head of Access to Finance Technology Strategy Board
    28. 28. Driving Innovation 29 Technology Strategy Board The UK‟s Innovation Agency Nigel Walker Access to Finance Mark Glover 12th January 2011
    29. 29. Driving Innovation Stimulating business-led innovation to drive economic growth • The original DTI Innovation Unit and advisory “Technology Strategy Board” was set up in 2004 • It was spun out of government as a “non- departmental public body” in July 2007, relocated to Swindon and staffed with people from business • Since then it‟s budget has increased from £250m to £440m a year – and it’s going up more in 2015/16
    30. 30. Driving Innovation What is the problem we are addressing? • Business investment is too low and too late • Technical and financial risks need to be mitigated • The time for financial return is too long for many players • Innovation disrupts value chains and business models • New partnerships are required to build new supply chains • Investment and innovation is required at multiple points • Longer term trends are not visible to all players • Impact and opportunities from emerging technologies & policies • Innovation infrastructure is complex and inefficient • Fragmented and difficult to navigate • Government does not make best use of its levers • Procurement, regulation, standardisation, fiscal incentives
    31. 31. Driving Innovation What are we doing about it? • Accelerating the journey between concept and commercialisation – Understand the business journey and accelerate it – Provide a coherent package of support – matched to needs – Specific SME package – but recognise role of larger companies – Promote knowledge exchange • Connecting the innovation landscape • Turning government action into business opportunity • Investing in priority areas based on potential • Continuously improving our capability
    32. 32. Driving Innovation What are our Criteria? • Market – What is the current and projected size, how fast is it growing, who are the competition? • Capability – Does the UK have a strong research base in the area, the skills, the business capacity? • Timing – Is the cost curve balanced by the value curve? • Additionality – Why should the taxpayer support this project?
    33. 33. 34 Driving Innovation Catapults High Value Manufacturing Cell Therapy Offshore Renewable Energy Satellite Applications Connected Digital Economy Future Cities Transport Systems (Diagnostics for Stratified Medicine) (Energy Systems) Knowledge Transfer Networks Knowledge Transfer Partnerships Smart
    34. 34. Driving Innovation Concept Commercialisation Business & Investment Support Networks Connections Money DevelopmentEvaluation Validation
    35. 35. Driving Innovation DEGREEOFAGGREGATION COMPANY BUSINESS PROGRAMME PROJECT YEARS TO FIRST PRODUCT SALE NOW FUTURE +10+5-5-10 0 PAST Project Performance Competition Specification Impact Assessment LAGGING LEADING COUNTRY Market Projections Economic Growth
    36. 36. Driving Innovation Where the money goes
    37. 37. Driving Innovation • We don‟t have enough money to satisfy the needs of all companies • Our processes are thought my some to be too bureaucratic but we need to be accountable for our use of taxpayers money • We need to make the process take companies on a developmental journey • Assessment, even with 5 assessors, tends to be more subjective that we would like • Feedback on why proposals aren‟t successful needs to be more co-ordinated and useful • Not everyone knows we are here to help them What have we learned?
    38. 38. 0% 20% 40% 60% 80% 100% Academic Large Medium Small Micro  Research indicates that 3-7% of companies drive bulk of economic growth .  Tough to identify high growth companies in advance but innovation and age/size are indicators 8% 54% 18% 20% Smart Pre-start 1-5Yrs 5-10yrs >10yrs 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% Micro Small Medium Large Academic Engaging with smaller, younger businesses Driving Innovation
    39. 39. SME Growth Pilot  Pilot delivered through GrowthAccelerator, Plymouth University and Entrepreneurs & Education Partnership  196 businesses signed up to growth coaching  261 businesses / 528 individuals attended / viewed 20 entrepreneurial skills development events  Key Lessons Learned:  Complementary support works – changes to attitudes, behaviour and performance  Lack of awareness of need – but participation increases understanding, confidence, willingness to seek future support  Successful delivery – requires effective communication and appropriate incentives Driving Innovation
    40. 40. SME Growth Programme  The majority of our clients are SMEs  SMEs have the greatest potential for high growth  But many will need support to achieve that  Greater success when advice and guidance is delivered together with direct support for innovation  Adding Value through the Application Process  Access to Entrepreneurial Skills and Mentoring  Access to Coaching - GrowthAccelerator  Connecting to Investors  Connecting the support landscape  Accelerating the journey from concept to commercialisation Driving Innovation
    41. 41. Driving Innovation Stimulating business-led innovation to drive economic growth http://www.innovateuk.org e: nigel.walker@tsb.gov.uk m: +44 7824 418360 tw: @NigelWalker7 li: http://www.linkedin.com/pub/nigel-walker/3/ba4/702
    42. 42. Connecting people, creating opportunities Rahim Lakha Business Growth Hub
    43. 43. Connecting people, creating opportunities Digital Disruption to Digital Growth Rahim Lakha Digital Growth Advisor Greater Manchester Digital Growth Service
    44. 44. Connecting people, creating opportunities “We are on the brink of a new industrial revolution” David Cameron, CeBIT, March 2014
    45. 45. Connecting people, creating opportunities Industries Disrupted
    46. 46. Connecting people, creating opportunities Organisations Disrupted
    47. 47. Connecting people, creating opportunities New Opportunities
    48. 48. Connecting people, creating opportunities Tomorrow‟s World
    49. 49. Connecting people, creating opportunities •„Internet of Things‟ - £45 million research funding. •£1 million „European Internet of Things‟ grant fund for businesses. David Cameron, CeBIT, March 2014
    50. 50. Connecting people, creating opportunities •We aim to help SMEs in GM realise their growth ambitions, via digital technologies. •Vendor neutral – impartial advise. Digital Growth Service
    51. 51. Connecting people, creating opportunities •Master classes & workshops on specific digital technologies. •One to one consultancy. •Fully funded – free at point of use. Digital Growth Service
    52. 52. Connecting people, creating opportunities •Grant funding of up to £3k on a match funding basis. •Digital projects must be growth focused. •Projects include: e- commerce, international trade, migrating to cloud technologies, developing a social media strategy, moving to hosted VoIP, etc. Digital Growth Service
    53. 53. Connecting people, creating opportunities •Grant funding of up to £3k for connectivity upgrade, available from Manchester and Salford councils. •Access to supplier marketplace. •Access to events and conferences. Digital Growth Service
    54. 54. Connecting people, creating opportunities joe chris katie lee rob rahim ursula
    55. 55. Connecting people, creating opportunities “It is our ambition to make the UK the most digital nation in the G8” David Cameron, CeBIT, March 2014
    56. 56. Connecting people, creating opportunities Thank you
    57. 57. Connecting people, creating opportunities Contact us to find out more: Phone: 0161 359 3050 Email: info@businessgrowthhub.com www.businessgrowthhub.com @bizgrowthhu b Business Growth Hub +Businessgrowthhub

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