NEWCASTLE SCIENCE CITY

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• NEWCASTLE SCIENCE CITY

Estelle Chatard Newcastle Science City 9th
February 2009
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Overview

• Newcastle Science City
• Policy Context local/global
• Key Activities
• Newcastle Innovation Machine
• Insight-led Innovation
• De-risking the entrepreneurial process
• Concluding remarks

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Understanding the National Perspective

• Increasing investment in the science base partly
  driven by desire to raise business
  competitiveness and economic benefit via
  innovation
• Build on National initiatives to maintain
  world-class research capacity to sustain global
  positions UK should benefit from science and
  innovation outside of South East
• A wider range of partners to be involved
  including Universities

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Local Perspectives

• Regional Development Agencies looking to local
  universities and triple helix partnerships to
  contribute to city and regional performance
  through knowledge exploitation
• From Strategy for Success
• To Innovation Connectors

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Innovation ConnectorsRooting the global in the
local

• Ensuring some of the economic benefits arising
  from public investment in the science base
  sticks within the domestic economy (local,
  regional, national) via spinouts, transforming
  established businesses and attracting science
  based inward investment
• Nurturing, attracting and retaining talent
  schools, work based university learning, graduate
  retention in local business, returning alumni,
  business orientated academics
• Putting geography into the triple helix of
  government / industry / university relations to
  create prosperity from Science

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Newcastle Science City
Prosperity from Science for Newcastle
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Newcastle Science City A Branded way of working
in partnership

• 3 Founding Partners
• One NorthEast
• Newcastle University
• Newcastle City Council
• Building the partnership
• Locally Northumbria University, International
  Centre for Life, NHS, Centres of Excellence
• Nationally 6 Science Cities
• Internationally EU Projects

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NSC Priorities
Prosperity From Science For Newcastle
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Building the Partnership

• Extending the partnership and promoting the
  partnership
• Manage the Newcastle Science City brand on behalf
  of all stakeholders and Science Citizens
• Building a Portfolio

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Science Road Mapping

• Stem Cells
• Genetic
• Sciences Ageing
• Health
• Molecular
• Engineering Energy Environment

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A Great Brand for Newcastle and the city-region
Cleaning up polluted water in disused mines
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Building a Portfolio
Research Development
Design
Open Innovation
Incubation
SMEs and Start-ups
Schools
Communities
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Infrastructure For Science and Business
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Education

• Education in schools, FEIs and HEIs
• Skills
• Community Engagement
• Public Engagement

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INNOVATION

• The Newcastle Innovation Machine(NIM)

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Why NIM?

• Innovation recognised as a driver for economic
  and social growth
• Creating more high-growth businesses recognised
  as a need in the North East
• Innovation can happen in many places and be
  implemented using different approaches and tools

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The Challenge
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NIM in context
Invention Technology Idea
Technology Push
BUSINESS
Market Research, Money, People
IP
Unmet Need
Market Pull
BUSINESS
Building IP through technological, customer,
supply and business model insights
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NIM in context (2)

• Innovation is the creation of an unfair
  competitive advantage through bright ideas that
  people will pay money for
• An entrepreneurial person will take this
  innovative approach to create a high-growth
  business

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NIM aims and objectives

• NIM is a unique entrepreneurial model. The aim is
  to identify unmet needs and help establish
  businesses to satisfy that need.
• Creating and growing a number of high growth
  business in the North East (10m t/o after 5
  years)
• De-risking the entrepreneurial process
  attracting entrepreneurial personalities to
  develop the Innovation Machine

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Solutions Finance People Partners IP
Opportunities
Insights
NEED
BUSINESS
Interim Managers
Tools and support
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• NIM will set up a scalable and coachable model
  based on insight and needs driven innovation. The
  project will be based on three synergistic
  components
• Insight led identification of unmet needs and
  business case consultancy
• Interim management, and fronting the investment
• Funding with controlled exit

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NSC Today

• A strong partnership committed for the long term
• A clear programme of activities delivering added
  value to the city
• Innovative activities to start now

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• THANK YOU!