Job Opening: New heroes required! Northern Ireland needs new Entrepreneurs and Innovators

1. Job Opening: New heroes required! Northern Ireland needs new Entrepreneurs and Innovators 12th September 2013 Steve Orr, Director, NISP CONNECT

2. Introduction Steve Orr Entrepreneur NISP CONNECT

5. New Company Creation Process Professional & Strategic Partners Capital Providers

7. The Burning Floor

8. We need to create new products that people around the world want to buy

9. “You need to prioritise the creation of new innovative companies”

10. New Approach to Economic Development for Innovation* Old Industrial Age New Knowledge Age Macroeconomics: Infrastructure. Labour. Land. Capital. Microeconomics: Ideas. Capital. Talent. Business-led independent collaboration with academia and government. *Hwang & Horowitt 2012 “The Rainforest: How to build the next silicon valley”

11. NISP CONNECT Vision The transformation of Northern Ireland into one of the most entrepreneurial knowledge economies in Europe by 2030.

12. The transformation of Northern Ireland into one of the most entrepreneurial knowledge economies in Europe by 2030. What will Look like?

13. Knowledge Economy Baseline

14. Knowledge Economy Baseline

15. The 2030 Result An additional £5billion GVA per annum with companies anchored in NI (Oxford Economics 2012)

16. What’s stopping us?

17. Analysis & Methodology #IdeaFest 100+ Participants KEI Conference Vision Targets Blockers Tiger Teams: Blockers Solutions 70+ participant Expert Group Workshops

18. (what’s holding us back?) The Blockers

19. Understanding the Blockers Risk Capital Talent Culture NI’s current model of risk capital intervention is too small in scale and ineffective in operation to achieve the 2030 KEI investment targets. We need stronger management teams to form and grow start up companies and… There is a mismatch between demand required to grow innovative companies and supply of key talent disciplines. We need our kids to aspire to be successful in the knowledge economy, not the professions and… We must foster a culture where businesses collaborate to compete.

20. Solution – Culture Business-Led Public Policy To be explored further: • Brand the tech lifestyle & sell differently to 11, 16, 22 yr old and parents, principals, etc. Generation Innovation expansion? • Foster innovation • Foster collaboration Political leadership: • Adopt the KEI targets. • Raise the status of the entrepreneur and the innovator. • Make NI the best place to live. More: Irish Open Golf, MTV, G8…

22. Generation Innovation vision By 2020 the majority of kids will aspire to a career in ‘the knowledge economy’

23. Your responsibility Careers teachers and parents are the most important people Influencing the direction of our young people

24. Chief Financial Officer Chief Executive Supply Chain Management Software Development Training Accounting Graphic Design Product Development Business Analyst Venture Capitalist Angel Investor Quality Assurance Management Consultant Clinical Research Associate Public Relations Regulatory Affairs Web development Director of Scientific affairs Director of Real Estate Intellectual Property Lawyer Founder Vice President of Engineering Account Executive Sales Director Marketing Corporate Investor

25. Aspirations and Dreams Accountancy Law Medicine

26. Aspirations and Dreams Accountancy Law Medicine

27. Change the world

29. “Put a dent in the universe” Steve Jobs 1955 – 2011

31. What you can do • Generation Innovation: nominate now! www.generationinnovation.co.uk • Speakers at careers or prize days www.founders4schools.org.uk • Steer young people towards technical careers or non-technical careers

32. Thank you