BBSRC Bioscience for Industry Meeting

Nick BassettLead Technologist, Biosciences

September 2014

InvestNI and Innovate UK - Working together

Belfast

Nick BassettLead Technologist, Biosciences

December 2014

The aim is to cover:

•Who we are

•What we do

•Where you look

We accelerate

economic growth

by stimulating and

supporting

business-led

innovation.

UK’s innovation agency for business...

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

What are our Criteria?

Capability:

Can the UK do it?

Market:

Is there a large market

opportunity?

Timing:

Is the idea ‘ready’?

Additionality:

Can we make a difference?

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

Market readiness

ResearchCouncils

Commercial Invest.Venture Capital

Blue sky

Feasibility

Technology Demo

System Dev.

System Qual.

Technology Development

Prod. Prototype

Commercialisation

Types of Project…

Pre-industrialResearch

IndustrialResearch

ExperimentalDevelopment

Technology Strategy Board

Anticipated commitments in priority areas, 2014-15

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

Collaborative Research and Development- Used to drive engagement between businesses or

with universities – in themed areas and communities

Smart- Used to support single companies in areas they

choose

- Proof of market, proof of concept & prototype

SBRI- Contracts with Gov. Depts. that lead to procurement

From the toolset, what are the most relevant tools?

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

From the toolset, what are the most relevant tools?

LaunchPads• 2 minute video Application process

• First run in Tech City in 2011 - 15 of 18 companies successful

Missions• Joint activity with UK Trade & Investment (UKTI)

• Take new companies to a global centre in their area where they meet potential customers, suppliers, competitors and funders

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

What they do:

• Technology and innovation centres

• Businesses, scientists and engineers can work together on R&D

• Reduce innovation risk

• Assist taking new products and services to market quicker

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

The existing 7:

- Cell Therapy Catapult - High Value Manufacturing Catapults

- Offshore Renewable Energy Catapult - Satellite Applications Catapult

Connected Digital Economy Catapult - Transport Systems Catapult

- Future Cities Catapult

2 more Catapults coming soon:

The Precision Medicine Catapult

Energy Systems catapult

• Driven by business need

• Annual project budget of ~£65k

• Typically:

- 67% grant funding for SME

- 50% for large company

• Project length typically 2 years

• 90% success rate for proposals

- Pre-proposal checks and process supported

by network of 24 Regional KTP Advisers

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

Knowledge Transfer Partnerships (KTPs)

• Agri-Tech Catalyst• Biomedical Catalyst• Energy Catalyst• Industrial Biotechnology Catalyst

• Rolling competitions and you can apply at any time

• Different levels of funding depending organisation & project

• There are 3 main phases of funding:

• Early-stage feasibility studies• Industrial research such as prototyping, field trials or market testing• Late-stage testing in a real-life environment

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

Technology Inspired Feasibility Studies• Up to £2m Competition

• Single stage competition process

• Projects must be business-led

• Open to small or micro companies only

– working either singly or in collaboration

with one other small or micro company

• Projects can last up to four months

• Total project costs must not exceed £33k

– InnovateUK contribution up to £25k

• Project focus pre-industrial research

• Collaboration Nation event

Register by 14th Jan 2015, closes 21st Jan 2015 (noon)

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

Scope:

• Biosciences• Information & Communication

Technology• Electronics, Sensors &

Photonics• Advanced Materials

• Built on the foundation of our 2011-2015 strategy, Concept to Commercialisation.

• Highlights our planned our activities for this Financial year.

InvestNI and Innovate UK – Working TogetherBelfast 2nd December 2014

Thank you

www.innovateuk.org

nick.bassett@innovateuk.gov.uk

07717 336481