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Universities as engines of growth


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Presentation to ERC State of Small Business Britain Conference 2017 by Nola Hewitt-Dundas

Published in: Business
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Universities as engines of growth

  1. 1. Universities as engines of growth? Prof Nola Hewitt-Dundas @profnola
  2. 2. Teaching Third-Mission Research
  3. 3. Teaching Third- Mission Commercial ization Research £33.2 Bn £39.9 Bn 2.8% £10.7 Bn 757k jobs 4% Researchers 16% Highly Cited Articles Source: Universities UK: Higher Education in Numbers
  4. 4. A Sector Under Pressure Int. Student Mobility Public Finances ICT Lifelong learning Regulatory changes – Private Providers Price competition Competition Privatisation Marketization (HEPI, 2017).
  5. 5. Innovation & Performance benefits All Firms Small Medium Large New to the Market Innovation University Collaboration (0/1) 0.247*** (0.033) 0.221*** (0.046) 0.213 *** (0.032) 0.212*** (0.083) Sales of new-to-the-market innovations University Collaboration (0/1) 4.085* (1.788) 1.378 (3.013) 15.860*** (1.960) 12.392*** (2.009) Source: Hewitt-Dundas, N, Gkypali, A., Roper, S. 2017 Does learning from prior collaboration help firms to overcome the ‘two-worlds’ paradox in university-business collaboration? ERC Research Paper No.55 Do firms benefit from University engagement? Point 1: Strong Innovation Benefits, but Commercialisation pipeline for Small firms needs fixed
  6. 6. What is the level of University engagement? 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 90.0 100.0 Universities Customers Suppliers ConsultanciesCompetitors 20.0 48.8 43.9 24.0 19.4 Source: UK Innovation Survey % Innovators
  7. 7. Uneven Geography of Engagement Actual 75th Percentile Gap Res. Contracts No. 1,936 2,357 421 Res. Contracts £m £31.5m £36.8m £5.3m CPD & CE £m £225m £285.6 £60.5m IP Income (non- software) £m £5.1m £6m £0.9m IP Income (software) £m £52m £73m £21m Source: HEFCE 2016 University-SME engagement: the geography of connectivity across England and the effects on Innovation Point 2: U-B Engagement Levels are sub-optimum
  8. 8. Supply-side Considerations UK Universities: High Research Intensive (HRI) and Low Research Intensive (LRI) • Strategy: HRI – KT for development and exploitation of IP and maximizing the return on research; LRI – Human Capital Dev. • Activity: LRI generate only a fraction of all KT measures (Collaborative research, Contract research, consultancy, patents, licenses, spinouts) • Geography: HRI perform a smaller proportion of KT in the region, yet, absolute value still remains significantly higher than for LRIs. Source: Hewitt-Dundas, N 2012. Research Intensity and Knowledge Transfer Activity in UK Universities. Research Policy 41(2) 262-275 Point 3: Heterogeneity in KE Capability Across HE Sector
  9. 9. Demand-side Considerations • Accessing international Universities has limited benefit – Investment in UK HE is required • Overall, firms are more likely to engage with National Universities rather than Local ones: Finding the Right Partner! • Small firms are 12% more likely to engage with local firms • Effects of National Collaboration is larger than local for all firms UKIS 2004-2012 All n=23,616 10-49 n=10,910 50-250 n=6,629 250+ n=6,053 Regional University 0.062*** 0.071*** 0.068*** 0.038 National University 0.084*** 0.103*** 0.082*** 0.066*** International University 0.011 -0.063* 0.082* 0.039 Point 4: Firms may need support to find the ‘right’ University Source: Hewitt-Dundas, N, Gkypali, A, Roper, S. 2017 Accessibility, utility and learning effects in university-business collaboration, ERC Research Paper No. 57
  10. 10. University Spinouts: ‘Rhetoric of Aspiration’ Annual growth in Spinout formation 15% Challenges: Approximately one-third not generating revenue Technology is narrow with growth constrained 25% have founders with no commercial experience Under-representation of Female-led spinouts Only 25% fully committed to spinout Avg. Main founder commits 20% of time 2nd Founder commits 10% of time Only one-third using incubators / science parks BUT does this matter? Innovation to Commercialisation of University Research (ICURe) Point 5: Spinout activity can and will increase, but it requires targeted support
  11. 11. A final word “There are no free rides when it comes to engagement. Companies typically have skin in the game”
  12. 12. Member Programme CSIT is a Research Centre of the ECIT Institute 12 Full members: Associate members (selection):
  13. 13. The Era of Open Science is over with significant implications for Who will generate knowledge for innovation and Who will have access to this in the future