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Science Capital 9 June 2015 Meeting


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Annual meeting of the directors and advisors of Science Capital, a non-profit organization founded by Michael Overduin and co-directors in 2010, to plan for the future activities and partnerships.

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Science Capital 9 June 2015 Meeting

  1. 1. Advisors Meeting 4-6 pm Tuesday 9 June 2015 at Wragge Lawrence Graham & Co
  2. 2. Annual Report 2010 1. The Challenge 2. Track-record and assets 3. Value 4. Exploration of partnership opportunities 5. Potential structure in the future 6. Any other business
  3. 3. “In our globally competitive economic environment, never before has there been a greater need for: • a talented, enterprising workforce • innovation in product and service development • thriving culture of entrepreneurship • leading scientific & technological development • world‐class research that attracts investment” A Review of Business–University Collaboration Professor Sir Tim Wilson DL February 2012 The Challenge
  4. 4. “A lot of the stuff coming out of universities is still too early stage for businesses to invest in and the universities themselves don't have the capability of commercialising them” “Many innovative companies in the Midlands lacked the basic business skills - such as marketing, sales and delivery - needed to take their ideas to a global market” UK Trade & Industry Meeting @ BSP-A, Insider, 30.3.2012 The Challenge
  5. 5. Richard Butler, West Midlands CBI director: “Most businesses think we need to get our act together to compete with the Northern Powerhouse. There is a lot of fragmentation…” Innovation the key to regional growth - KPMG event, Business Desk 17.4.2015 The Challenge
  6. 6. David Hardman, Innovation Birmingham director: “So, why does it feel like I'm fighting a losing battle when trying to change the perception of London- based influencers?” Fighting a losing battle for Birmingham's tech sector, Birmingham Post, 13.3.2015 The Challenge
  7. 7. David Hardman, Innovation Birmingham director: “If we consider the four elements of a knowledge economy (private sector, public sector, academe and citizens), then Birmingham can readily proclaim itself to be a ‘Knowledge City’.” Birmingham is a Knowledge City and a Tech City. Birmingham Post, 18.5.2015 The Challenge
  8. 8. Birmingham Made Me The Challenge Birmingham Science City Innovation Birmingham Tech City Knowledge City Science Capital Innovation Engine Smart City Lunar Society Centre of Enterprise
  9. 9. The Challenge Valuable Ideas new products, services, companies Innovation funnel Science Capital
  10. 10. West Midlands centre of the 6th largest mega region in the world which has an economic output of $1.2 trillion R Florida et al, 2007 Birmingham The Challenge
  11. 11. hot spot black hole focussed excellence more mediocrity The Challenge neutral Dublin Edinburgh Liverpool Sheffield Cambridge LondonOxford Bristol Birmingham Paris Brussels Amsterdam growth in scientific impact from CW Matthiessen, Urban Studies, 2010 The Challenge NUMBER OF CITATIONS NUMBEROFPAPERS CW Matthuessen et al, 2010
  12. 12. The Challenge REF2008 RAE2014 3149 3133 Number of West Midlands researchers:
  13. 13. The Challenge WM university share of research funding: 5.63% (RAE2014) 1 2 3 4 5 6 7 8 9 10 11 Warwick Birmingham Keele Aston Coventry Birmingham City Wolverhampton Worcester Staffordshire Harper Adams Newman UK Research Funding to WM universities: population share: 8.75% GDP share: 15% innovation deficit: £49-148m £89m
  14. 14. The Challenge 0 10 20 30 40 50 60 70 80 90 1 2 3 4 5 6 72008 2009 2010 2011 2012 2013 2014 Patents Issued Bham Warwick Aston West Midlands universities intellectual property
  15. 15. Weaknesses joblessness, skills, apathy vision & brand dissonance public sector dependency low tech manufacturing transportation systems Opportunities mobile entrepreneurs, SMEs global business expansion high value manufacturing export-driven economy developing markets Threats entrepreneurs leave demographic change continued globalisation climate change & energy security Helpful Harmful ExternalfactorsInternaltoregion Strengths geography, central location size, youth & diversity innovative culture universities, colleges, NHS legal & business services SWOT analysis of the region’s economy The Challenge
  16. 16. Energy alternatives Climate change Transport Ageing Cancer Infection Security Education Social media Low Carbon Advanced Materials Innovative Healthcare Digital World The Challenge
  17. 17. How? 75 engaging speakers...
  18. 18. 1700 delegates exchanging ideas... How?
  19. 19. Through thousands of valuable new connections... How?
  20. 20. Through publishing 65 videos... How? Heather Duncan Birmingham Children’s Hospital
  21. 21. By 57 people presenting their business plans... How?
  22. 22. Facts and figures won Carbon Trust backing with production of Raised Loft Floor based in the Midlands won the West Midlands’ Export for Growth prize and launched solar docking station generated new business relationships, partnerships and contracts in Birmingham generated investments and validated product Presenters of business plans included
  23. 23. Facts and figures won TSB support to produce footwear to aid in the treatment of diabetic foot ulcers Grew their business and environmentally friendly / microbial product line Launched product line and 3 locations Presenters of business plans included
  24. 24. Facts and figures How useful was the business plan session to you on a scale of 1 to 10 ? (1=Not at all, 10=Definitely) 9 ± 0.4
  25. 25. “...a potential investor offered to invest a significant amount” “The business presentation illuminated key issues and strategy” “Met some great contacts with on-going relationships” “We recruited a business advisor and we’ve been progressing rapidly” “A very helpful experience which I would definitely recommend to anyone” Facts and figures
  26. 26. • independent open forum • non-profit SME that helps other SMEs grow • cross sector: academic, business and industry • spans the West Midlands • inclusive and diverse • corporate social responsibility channel • competitive with London and Manchester Brand
  27. 27. Team of committed directors 50+ volunteer professional advisors Sponsors including small & large companies Thousands of members and subscribers Assets
  28. 28. Track-record of 17 successful events Event management guidebook, templates Financially sustainable non-profit Assets
  29. 29. websites and internet domains social media channels European Trademark: “SCIENCE CAPITAL” Scalable and adaptable business plan Assets
  30. 30. Giles Brindley Business Michael Overduin CEO Paul Worsnop Legal Vernon Blackmore IT Richard Miner Finance Board of Directors External Advisory Group Marcella Erskine Events Structure Jo Tibbetts Comms Non profit company limited by guarantee
  31. 31. £ Finances 0 5000 10000 15000 20000 25000 1 2 3 4 Series1 Series2 2010 2011 2012 2013 Revenue Profit
  32. 32. Finance VCs, angels, banks, BGF Legal & Business Services Knowledge 14 universities
  33. 33. Our value 70% of those attending make 2 to 4 new contacts
  34. 34. Awards
  35. 35. 1. WM news/event listing, emails 2. Organize events 3. Business pitching & support 4. Licensing 5. Partnering Activities for the Future
  36. 36. Plans Thank you!