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The University I nnovation and Enterprise Centre Dr Ceri Williams

The University I nnovation and Enterprise Centre Dr Ceri Williams Director of Innovation and Enterprise P artnerships 19 th September 2014. My Background. Effective Broker with a Track Record in V alue C reation Economic development Innovation leadership Strategic leadership.

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The University I nnovation and Enterprise Centre Dr Ceri Williams

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  1. The University Innovation and Enterprise Centre Dr Ceri Williams Director of Innovation and Enterprise Partnerships 19th September 2014

  2. My Background • Effective Broker with a Track Record in Value Creation • Economic development • Innovation leadership • Strategic leadership

  3. Director of Innovation and Enterprise Partnerships

  4. Vision for UIEC • To establish the University of Leeds as a global leader in innovation and enterprise that delivers societal and economic benefit for the UK.

  5. Ambition to Deliver Value • The University Innovation and Enterprise Centre is an ambitious initiative that seeks to grow global leadership in key technology areas, resulting in • £75m of new research and innovation funding • create 50 new high-tech businesses • generating £1bn new income to the Leeds City Region.

  6. Ambition to Deliver Value • The University Innovation and Enterprise Centre is an ambitious initiative that seeks to grow global leadership in key technology areas, resulting in • £75m of new research and innovation funding • create 50 new high-tech businesses • generating £1bn new income to the Leeds City Region. • Not a simple task…..

  7. What is Innovation and Enterprise? • Development of research capability to address future opportunities • Development of applied and translational research • Commercial research and fee for service contracts • Consultancy • Development, management and successful commercialisation of Intellectual Property through spin-out companies and through license deals • Development of corporate/strategic partnerships • Continuing Professional Development and Executive Education • Development of student start-up companies • Development of social enterprises • Development of enterprise and innovation capability in staff and in students

  8. The Aims of UIEC • Create a high profile gateway and effective structure to deliver a step change in innovation and enterprise activities in Leeds • Become UK leading in establishing successful new start-up companies • Establish a UK leading environment for innovation and collaboration • Maximise the societal impact and profile of Leeds’ innovation and enterprise activities

  9. Why Leeds? Why Now? • Track record of successful commercialisation • Significant under supply of innovation capacity in the City • Renewed confidence in Venture Capital and other business investors • New Strategic Plan and commitment from the University

  10. Lack of innovation hampering SMEs' potential • 5th September 2014 "Innovation is a critical part of many firms growth strategies and yet our survey has highlighted that the ability to be innovative is a stumbling block for many businesses in the region. Less than a quarter of the local companies we talked to felt that they are sufficiently innovative. As the economy continues to gather pace, we need to prioritise the creation of a business environment that encourages the commercialisation of new ideas.”

  11. Successful Commercialisation Track Record Over 100companies since 1995 7market listed companies Spin-outs employ over 600 staff Company value over £450m 60+ technology licences Keracol

  12. Technologies that ‘change the World’ a pain-free treatment that allows decayed teeth to repair themselves naturally. The breakthrough would mean the end of the filling and, more importantly, drilling The deadly defence system of a tiny African beetle has inspired award-winning research into a new generation of technology. ....materials are now produced commercially, under the trade name of Curv, by Propex Fabrics under a licensing agreement from the Leeds..... ‘Pig patch’ ends risk of patient’s body rejecting transplant

  13. Relationship with IP Group Assessment Evaluation Seedcorn Investment Organic Growth / IPO / acquisition Incubation • Routes to market • Management • Seedcorn funding • Dedicated Leeds Fund • Company creation / infrastructure • Grub funding • Strategy dev. • Business dev. • Access to capital markets • IPO • Industry partnerships • Commercial • Technical • IP • Industry • Value Proposition

  14. Smart Specialisation Innovation Hubs Energy Climate & Geo Hazards Water Transport Food Financial & professional services High Value Chemicals Healthcare Services Healthcare technologies Social Care Stratified Medicine Digital Economy Pharma & biopharma Medical technologies Cultural & Creative economy

  15. Enterprise Strategy Map • ‘The Enterprising University’ in Russell Group • By engaging supporters, building capabilities & delivering exceptional enterprise opportunities to our students & graduates

  16. Small Business Charter Award • Lord Young’s ‘Growing Your Business’ report • Witty Review report on universities & growth – Smart Specialisation • Role of Business Schools (universities as anchor institutions) actively supporting student enterprise and small businesses in the region • Gold Award • Launching 2014 with Royal Charter status

  17. How Will UIEC be Delivered? Café exhibition and networking space to foster collaborations Dedicated labs and office accommodation Events programme Investment partner pool Incubation programmes Professional service partners Clear exit strategy and grow-on Support for new high tech start-ups Dedicated innovation capability Support for graduate entrepreneurs Develop innovation and enterprise capability Promotion of key research strengths Support and £ to drive collaboration Mechanisms to attract new companies Strategic partner development Routes to access UK and EU funding Intelligence on future research priorities Enhanced connections to Alumni Access to mentors Enhanced access to LCR opportunities Showcase innovation and impact Clear brand and profile University Innovation and Enterprise Centre Shared Innovation Management Systems Defined system to capture economic and societal impact

  18. Delivering the Gateway

  19. The New Centre

  20. Next Steps • Developing the building specification for UIEC • Refining the revenue support programme and how this integrates within the university • Working with key teams within the University • Establishing governance processes • Defining the business model that will generate income that can re-invested in future growth • Exploring opportunities for partnering and co-investment • SOC University Council Nov 2014 • UIEC Open for business 2017

  21. Thank you for listening • I do want to hear so please do get in touch • c.j.r.wiliams@leeds.ac.uk • Tel: 0113 3430922

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