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The Connected Digital Economy Catapult Intro

The Connected Digital Economy Catapult Intro. Monday 23 rd September 2013 Chris Thompson Partnerships Director. The digital economy – shift happens. FAST MOVING. CONSTANTLY CHANGING. GLOBAL. BUILD IT & THEY WILL COME WONT WORK.

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The Connected Digital Economy Catapult Intro

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  1. The Connected Digital Economy Catapult Intro Monday 23rd September 2013 Chris Thompson Partnerships Director

  2. The digital economy – shift happens FAST MOVING CONSTANTLY CHANGING GLOBAL BUILD IT & THEY WILL COME WONT WORK ‘a few years ago a cloud was something in the sky, a tweet was something you heard in the garden, Skype was a typo and 4G was a parking spot’ BEING FASTIS KEY

  3. Vision and strategy Vision Igniting digital innovation to power sustained economic growth in the UK Accelerating digital innovators fromconcept to commercialisation by building platforms and capabilities that addressthe main challenges in the data value chain Demonstrating the transformativeimpact of digital innovation to UKbusiness and public sector leaders Strategy Linked economic impact over five years £365 million* * Validated externally by Innovation Observatory

  4. The data value chain – our ‘field of play'

  5. Innovator challenges and unrealised opportunities CDEC will respond to • Realising the potential of integratedcontent and data • Exploiting next generation connectivity • Accessing the skills to develop successful new applications, services and products • Being heard in a crowded marketplace • All through providing platforms (capabilities, technology, skills, showcase, project studio) ‘Data data everywhereand not adrop to link’

  6. Our initial focus framework

  7. Our initial focus framework Initial quickstart projects Initial strategic projects Developing commercially successful new applications, services and products, based on new business models, security and trust, and user centricity UK CDEC Innovator Centre

  8. Our initial focus framework Initial quickstart projects Initial strategic projects

  9. Projects - lifecycle of an Innovator Project Ideas from community Extend platform CDEC convenes partners to co-fund CDECproject qualification Platformbuild CDEC and partners bring innovators to use Innovators develop new services with CDEC help Best innovators use CDEC Innovator Centre to meet customers Ideas fromCDEC Exit from some

  10. Projects - lifecycle of an Innovator Project GO-NO-GO Avoid duplication In the data value chain? Market will do on time? Macro-barriers Open to innovators Compliant Scalable Extend platform CDEC convenes partners to co-fund CDECproject qualification Platformbuild CDEC and partners bring innovators to use Innovators develop new services with CDEC help Best innovators use CDEC Innovator Centre to meet customers QUALITATIVE Size of market UK readiness Demand from innovators Committed partners Risk Exit from some

  11. An Innovator Centre

  12. Collaboration and showcase studios within the Centre

  13. Connected across the UK

  14. In summary, we will … • build a portfolio of platforms, skills and assets which address the four main challenges in the data value chain and give digital innovators ‘fast-mover’ advantage • Bring unique value by combining our convening power, the agile and focussed way we build platforms and the high density of critical skills we develop • Align our efforts to enhance existing activity • Demonstrate the transformative impact of digital to UK leaders • Use £52 million of core TSB grant to generate £ 365 million linked economic value

  15. Innovator Projects qualified against strict criteria Detailed staged review process 3 Go/no-go 2 1 • market opportunity and UK readiness • demand from innovators and committed partners • risk (commercial, technical, exit options, etc.) • builds CDEC incremental skills and capabilities • builds upon our focus framework • how much income can be generated to offset our costs? • in data value chain? • not duplicate funding • the market wouldn’t do in timely fashion • no ‘macro-barriers’ • open to innovators • compliant and not against public good • can it scale?

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