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FE and Innovation

FE and Innovation. Specialisation & innovation what is it all about?. Supporting FE to become a provider of Innovation as well as skills Specialist FE providers have the knowledge, skills and expertise needed for business innovation

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FE and Innovation

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  1. FE and Innovation

  2. Specialisation & innovationwhat is it all about? • Supporting FE to become a provider of Innovation as well as skills • Specialist FE providers have the knowledge, skills and expertise needed for business innovation • We want to unlock the talent of more specialist providers to deliver business innovation through knowledge and technology transfer • Training Quality Standard accredited providers and National Skills Academies are well placed to lead the way • Specialist networks can accelerate this process by transferring knowledge about best practice between their provider members

  3. Sainsbury reviewwhat did it recommend for FE? • DIUS / LSC should develop a strategy to promote and support • Knowledge Transfer Partnerships (KTP) within FE • Staff secondments and exchanges with business as part of the FE workforce reform programme • FE knowledge transfer projects and initiatives • Increasing FE participation in Technology Strategy Board (TSB) funded Knowledge Transfer Partnerships

  4. Innovation white paperwhat did it say about specialisation? • Some FE colleges and training providers already deliver innovative solutions for business • We need to encourage more providers to build their business innovation capacity • We need to double the number of KTPs and encourage the FE system to take up available funds • This goes beyond skills and qualifications - it includes product and process improvement, and business development consultancy services

  5. Innovation white paperour response and our commitment: • LSC will create a revenue-based FE Specialisation and Innovation Fund to build the capacity of the FE sector to support businesses to raise their innovation potential • Through a small number of targeted pathfinder projects LSC will seek to unlock the talent of the FE workforce to drive business innovation through knowledge transfer

  6. funding landscapefunding opportunities • FE Specialisation Capital Fund (due for launch Oct 2008) • FE Specialisation and Innovation Fund (revenue) – (more info next slide) • LLUK Catalyst Programme • LSIS (QIA) World Class Skills Support Programme • TSB Technology Strategy Board fund

  7. Pathfinder projectswhat next? early days… • A small number of pathfinder projects to be selected • Funding of £250-£500,000 each for 1 year available – possibly more for really ambitious projects • If interested apply by September 17th 2008 • Application form & more information available at • www.lsc.gov.uk/Innovation • Email Innovation@lsc.gov.uk for more details • Successful bids announced in the Autumn (2008)

  8. further information • ‘The Race to the Top – a review of the Government’s Science and Innovation policies’ is available online at www.hm-treasury.gov.uk • ‘Innovation Nation’ White Paper (March 2008) is available online at www.tsoshop.co.uk • ‘Unlocking Talent in the Innovation Nation - Windsor Report’ (April 2008) is available from jonathan.mackey@dius.gsi.gov.uk • ‘Knowledge and Technology Transfer in FE’ (May 2008) is available from NEF at www.neweng.org.uk

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