RIS 3 Workshop Tartu Estonia Driving economic growth

RIS 3 Workshop, Tartu, Estonia Driving economic growth through innovation Professor Richard B. Davies, Vice-Chancellor Swansea University 17 th October 2017

www. swansea. ac. uk

The role of a research intensive university in productivity growth and regeneration University Domain World-class Research Strategically managed relationships with industry Traditional University 21 st Century Research Intensive University Life- and Career-Enhancing Teaching Employability Knowledge Economy www. swansea. ac. uk

Complex Challenges Attract inward investment Support local companies Create companies License IP Ensure employable graduates

Problem 1: A Leadership Gap Technology Readiness Levels TRL 1 -3 Research TRL 3 -6 Technology development and scale up TRL 6 -8 Component and system development University PUSH TRL 8 -9 Commercial implementation Market PULL THROUGH PULL www. swansea. ac. uk

Problem 2: The Myth of Innovation is NOT a Linear Process Basic Research Applied Research Development Commercialization University Market www. swansea. ac. uk

Non-Linear Model of Innovation Basic Research Quest for Basic Understanding Ø New Knowledge Ø Fundamental Ideas Potential Use Ø Application of Knowledge to a Specific Subject Ø “Prototypicalization” Feedback: Ø Basic Research needed for discovery Applied Ø Search for new Research ideas and solutions to solve longer-term Feedback: Development of Products issues Ø Applied Research Ø Goods and Services needed to design Development new product characteristics Ø Solve scaling up problems Feedback: Market Signals/ Technical Challenge Commercialization Ø Desired Product Alterations or New Characteristics www. swansea. ac. uk Ø Cost/design trade-off

An ambitious journey March 2013

Swansea University: Co-location model R&D Proto-typing Industry Applied Research Skills Blue Skies Research University Basic Research Training Manufacture Postgraduate Students

Science and Innovation Bay Campus Phase 1 opened Sept 2015 ! Total Cost ≈ € 500 million ERDF ≈ € 70 million EIB ≈ € 80 million

World Class Research and Teaching Facilities

Equipment to support industrial scale up & manufacturing

Innovation into commercialisation

Phase 2: Computational Foundry, ERDF € 25 million www. swansea. ac. uk

Swansea City Deal signed: March 2017

Thank you