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Competing in the Global Economy: The Innovation Challenge. Presentation to the EEESTA Seminar 10 November 2004. Patrick Robinson Director Innovation Strategy Team, DTI. Demand fluctuation. Higher peak. Volume. Fast ramp-up. Maturity. Ramp-up. Intro- duction. End of life. 1 year.
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Competing in the Global Economy:The Innovation Challenge Presentation to the EEESTA Seminar10 November 2004 Patrick Robinson Director Innovation Strategy Team, DTI
Demand fluctuation Higherpeak Volume Fast ramp-up Maturity Ramp-up Intro-duction End of life 1 year 3-5 years Shorter time to market Development Dramaticend of life Conventional New Digital Consumer Source: Dr Tsugio Makimoto - Hitachi/Sony Dramatic Change in Life Cycle
The innovation challenge - create value in a knowledge economy …
Hourly compensation costs, 2001, for production workers in manufacturing in US dollars 20 15 10 5 0 UK Hong Kong SAR Taiwan Increasing intensity of global competition Source: US Department of Labor
Increase Business Demand for New & Emerging Technologies Science & Innovation Investment Framework 2004-2014, July 2004 The Technology Strategy & Programme The Government’s Response Competing in the Global Economy – the Innovation Challenge, Dec 2003
Technological Innovation Strategy International and EU National assets Management & skills Regulation Regional Innovation Public Procurement Innovation Report – Key Proposals
Technology Strategy & Programme TECHNOLOGY STRATEGY IDENTIFICATION AND JUSTIFICATION OF TECHNOLOGY PRIORITIES NETWORKSfeed into decision making TECHNOLOGY PROGRAMME Collaborative R&D Knowledge Transfer Networks CUSTOMERS BI-ANNUAL CALLS FOR PROPOSALS
Intellectual Property: Awareness • Business Advice Open Days http://www.patent.gov.uk/about/marketing/thinkkit/index.htm
New approaches to Procurement • £109bn pa goods/services purchased by Government in 2001/2002 • Strong Ministerial interest in joined up work across government • Capturing Innovation guidance for policymakers • Reinvigoration of Small Business Research Initiative underway • Joint DoH/DTI seminar on Innovation in the NHS for suppliers and buyers
Research Councils dti Research Priorities Technology Strategy RDAs Science and Industry Councils Higher level SET skills Business support HEIs/ SET Base Culture change needed for better exploitation Business Regional Innovation
Measuring our success • Businesses see more value added from goods and services • Economy sees more productivity (e.g. output per hour). • Better public services - - Improved quality of life
Competing in the Global Economy:The Innovation Challenge Presentation to the EEESTA Seminar10 November 2004 Patrick Robinson Director Innovation Strategy Team, DTI