Innovate UK Dr Peter Dirken West Midlands Regional

Innovate UK Dr. Peter Dirken West Midlands Regional Manager Innovation Lead - International Missions @Peter. Dirken

Summary • • • Who we are 5 point plan Fund & Connect Who we fund Catapults KTP Example UKRI Industrial Strategy Challenge Fund Where to go next.

Innovate UK – the UK’s innovation agency Innovate UK drives productivity and growth by supporting businesses to realise the potential of new technologies, develop ideas and make them a commercial success. To stay competitive as an advanced economy, we need to do things that others cannot do, or to do things in different and better ways. We can’t stop thinking about the future

Our 5 -point plan 1 Working with the research community and across Government to turn scientific excellence into economic impact 2 3 4 5 Accelerating UK economic growth, nurturing small, high-growth companies, with strong productivity and export success Building on innovation excellence throughout the UK, investing locally in areas of strength Developing Catapults within a national innovation network Evolving our funding models; helping public funding go further

The offer to Business FUND Funding to undertake high-impact and risky projects & CONNECT To expertise, funding, partners and special facilities

FUND & CONNECT Single company R&D grants Collaborative R&D Innovation loans SBRI Horizon 2020 (including SME Instrument) Global Business Accelerator

Who do we Fund? 2, 400 projects / year § ≈ 60% of our core grant funding goes to SMEs § ≈ 80% of collaborative projects involve at least 1 research base partner 2, 900 organisations / year § We work with over 140 individual research base organisations (including institutes and RTOs)

Knowledge Transfer Partnerships • • • The Knowledge Transfer Partnership (KTP) scheme helps businesses in the UK to innovate and grow. It does this by linking them with an academic or research organisation and a graduate. A KTP enables a business to bring in new skills and the latest academic thinking to deliver a specific, strategic innovation project through a knowledge-based partnership. The academic or research organisation partner will help to recruit a suitable graduate, known as an Associate. They will act as the employer of the graduate, who then works at the company for the duration. The scheme can last between 12 and 36 months, depending on what the project is and the needs of the business. More from Mark Matchett, Knowledge Transfer Asccociate for the WM at our Knowledge Transfer at 3 pm.

Example - Lontra – Blade compressor • Lontra’s Blade Compressor® was developed with support from Innovate UK. It is a revolutionary new design for an air compressor devised by chief executive Steve Lindsey – hailed as the next Dyson by the Carbon Trust. • In a trial at Severn Water, the Blade Compressor® led to energy savings of 21. 2%. Compressors are used to pump air into sewage. Use of compressors in sewage treatment accounts for 1% of all UK electricity usage. Other advantages of the Lontra compressor are that it is very reliable and oil-free. • Lontra has signed a multi-million pound licensing deal with Sulzer, a global leader in pumping equipment, to supply into the municipal and regulated wastewater market. It will see its compressor increasingly used in aeration equipment for the treatment of wastewater across the world. • Lontra recently opened a new technology centre that will help it to efficiently and quickly adapt the compressor to new markets. • It now employs around 20 people and has entered a partnership with one of the UK’s large manufacturers, Shield Group Engineering, and the two are looking at the potential for a manufacturing facility in the near future. • Just announced investment of £ 65 M, £ 15 m for further development and £ 50 for a new manufacturing facility in the Midlands creating 75 jobs.

UK Research & Innovation

What is UK Research and Innovation? UK Research and Innovation, launching in April 2018, will be the new funding organisation for research and innovation in the UK. It brings together the seven UK research councils, Innovate UK and a new organisation, Research England, working closely with its partner organisations in the devolved administrations. Wider Scientific community: Universities, Businesses, Institutes, Charities, National Academies, Strategic/Business Partners EPSRC ESRC MRC BBSRC AHRC UKRI Board and Corporate functions Research England Innovate UK NERC Scottish Funding Council HEFCW Northern Ireland Executive STFC 13

Research and innovation spending After declining through the 80 s and 90 s, since 1998 the level of R&D expenditure in the UK has fluctuated and in 2014 it was 1. 67% for the second year running. With no additional funding we would expect this percentage to fall in future, however, with the additional funding announced in the 2016 Autumn statement we estimate the percentage will rise to ~1. 75% of GDP by 20/21 Public (including HE, Research Councils and government departments) spend on R&D has fallen in recent years to 0. 5% of GDP Source: GERD, ONS, 2014; Source: OECD Main Science and Technology Indicators; 14

£ 4. 7 billion more for R&D In the 2016 Autumn Statement £ 4. 7 bn of additional funding for R&D was announced over the period 2017/18 to 2020/21 with a rising profile This increase in funding, if baselined at an additional £ 2 bn per annum, is likely to halt the decline in R&D investment as a percentage of GDP (currently around 1. 7%) 15

Working towards 2. 4% The Government has committed to reaching 2. 4% of GDP investment in R&D by 2027, and to reaching 3% in the longer term. As a first step it will invest an additional £ 2. 3 bn over what was previously planned in 2021/22. UKRI will work with the Government to develop a roadmap for meeting this target to be published in 2018. In 2015 UK’s expenditure on R&D represented 1. 7% of GDP – below the OECD average R&D intensity of 2. 4%. 16

Industrial Strategy Challenge Fund As part of the £ 4. 7 billion R&D uplift the ISCF aims to exemplify a new way of working, bringing together the UK’s world-leading research base with business to meet the major industrial and societal challenges of our time. Focusing on challenges where: • the UK has a world-leading research base and businesses ready to innovate • there is a large or fast-growing and sustainable global market Approximately £ 1 bn up until 2020/21 was announced for 6 challenges in April 2017: • Healthcare and medicines • Robotics and artificial intelligence • Clean and flexible energy • Driverless vehicles • Manufacturing and materials of the future • Satellites and space technology Industrial Strategy White Paper announced £ 725 m for a second wave of challenges: • Prospering from the energy revolution • Transforming construction • Transforming food production • Data and early diagnosis in precision medicine • Healthy ageing • Audience of the future And two Pioneer Challenges to build industry engagement: • Next generation services • Quantum technologies 17

Where to go next • • Competitions pages: https: //apply-for-innovation-funding. service. gov. uk/competition/search Industrial Strategy Challenge fund: ISCF UK Research and Innovation: UKRI Knowledge Transfer Partnerships : https: //apply-for-innovationfunding. service. gov. uk/competition/search Catapults : https: //catapult. org. uk Knowledge Transfer Network: https: //ktn-uk. co. uk Our local Enterprise Europe Network team: https: //www. gov. uk/guidance/innovation-getsupport-and-advice Your local Growth. Hub - https: //www. lepnetwork. net/growth-hubs/

Innovation knows no boundaries… Peter Dirken Peter. Dirken@innovateuk. gov. uk @Peter. Dirken www. linkedin. com/in/peterdirken We can’t stop thinking about the future