10:30 – 11:30 Tuesday 7 July 2020
Innovation – the introduction of new products, services and ways of doing business – will be a critical element of the UK’s post-pandemic recovery. However, firms with less financial slack and wider concerns about weaker or more volatile market demands might hinder incentives for businesses to properly invest in R&D.
The importance of innovation to future economic recovery has been recognised by the UK Government through a new £1.25bn financial support package for our most creative companies. Fast-growing, equity backed firms have access to £500m matched loan funding. The remainder of the support package will be shared among a thousand additional companies through new Innovate UK grant funding. This targeted initiative will help support innovation in what the OECD calls ‘frontier firms’.
The pandemic is also accelerating structural changes to innovation methodologies. Leading firms like Dyson and F1 have showcased, through the ventilator challenge, how effectively their R&D processes deal with ambiguity to solve the most complex of conundrums. There’s much to learn from their collaborative efforts, achieved at pace, using the UK’s sovereign supply chain capabilities. Many of the frontier firms who will benefit from UK Government backed financial support for their R&D initiatives have an unprecedented opportunity to create more, with less, in a much shorter time.
Key Themes & Takeaways
Innovation lessons from the Ventilator Challenge:
Collaborative Working Methods and Adopting New Technologies
Digital Twinning, Workflows and Virtualization
Boosting UK Sovereign Supply Chain Capability
Resources and Funding for UK Innovation:
What’s available when and tips for making successful applications,
Resources and assistance for R&D initiatives
Post Pandemic Prototyping and Product Commercialisation:
Lessons from 50 years’ experience of commercialising products for global markets
Accelerating innovation with visualisation and smart engineering, using CGI and artificial modelling
CxO, Executive Directors & Chief Procurement Officers
Online broadcast incorporating presentations, polls and guest Q&A
Dr Ian Campbell – Executive Chairman, Innovate UK
Dr Campbell was appointed Executive Chair of Innovate UK, the UK’s innovation agency, in May 2018, having joined as Director for Health and Life Sciences in 2016. Ian is an experienced executive in life sciences and the diagnostics sector. He served as Chief Executive of Arquer Diagnostics, a company developing and commercialising immunoassay tests for cancers.
Previously he served as Chief Executive of Imperial College spin-out company Molecular Vision, developing a disposable, quantitative point-of-care diagnostic platform, before being acquired by Abingdon Health in 2012. Ian has also served as Commercial Director with Bespak Europe. Ian has a strong scientific background, gaining his PhD at the University of Glasgow.
Mark Gillan – Chief Technology Officer, Innovate UK
Prof Mark Gillan is responsible for leading the Strategy and Impact and Centres and Networks Governance directorates at Innovate UK. This includes directing delivery of Innovate UK’s strategy, the design and development of Innovate UK’s programmes, ensuring that the organisation incentivises and drives economic growth through business-led innovation.
Mark has held engineering leadership roles in Formula One with McLaren, Jaguar/Red Bull, Toyota and as Head of the Race Team at Williams. He served as CEO of the UK renewable energy firm Wavepower and Head of Innovation and Project Lead for the ex-America’s Cup team Artemis’s autonomous zero emissions commercial maritime vessel programme. A chartered engineer, Mark is also a Visiting Professor at the University of Surrey and a Fellow of the Royal Aeronautical Society.
Garry Bernstein – Chief Executive, Technology Leaders Limited
Garry is Chief Executive of Technology Leaders which provides a growth platform for UK owner managed businesses. He has extensive leadership experience in UK and international markets, including IPO and trade exits with technology enterprises. Garry creates high value business to business partnerships for entrepreneurs, scale-ups and institutions through connections to curated corporate and investor networks.
He is an Advisory Board member of the Institute of Directors Centre for Corporate Governance, Founder of Tech Scotland Advocates, Freeman of the City of London and Co-Chair of the Pride in Business Network.
Andrew Guild – Co-Founder and Director, R3NDER Ltd
Andrew is Director and Co-Founder of a business services firm that accelerates and de-risks product development and commercialisation programmes. He leads cross functional teams of engineers, artists and inventors who are expert in creating and deploying digital twin portfolios for some of the world’s leading brands.
Andrew serves as Committee Chair at Epilepsy Scotland is a Mentor for the Royal Bank of Scotland Business Accelerator Programme.
Reserve Your Free Place HERE
When it comes to encouraging entrepreneurs it’s fair to say that Scotland is not short of advice and opportunities. In the past couple of decades the culture of big company dependency has been replaced by a thriving community of smaller firms, many run by incredibly talented individuals. Some have developed game-changing technologies and services, and a few have helped transform the way we live. Yet it seems that not all is well in the land of entrepreneurialism.
The start-up scene in Scotland may be thriving, but the old chestnut of Scaling Up consistently remains an elusive and challenging conundrum. Despite the creation of a new industry in Scale-Up Summits, conferences, lectures and lessons in how to build and grow … we’re still stuck in first gear.
The most recent ranking of high growth performance across the UK by the Scale-Up Institute, a private sector-led, not-for-profit organisation, reveals that Scotland has plunged 21 places to third from bottom. This is poor reward for a country that has come to think of itself as fertile territory for a new generation of technology pioneers and a leader in new ideas.
Tech Scotland Advocates are convening a distinguished panel of speakers to compare and contrast how tech businesses scale-up and internationalise in Silicon Valley, Scotland and Singapore. We aim to halt and reverse the decline in Scotland’s scale-up performance through the sharing of new perspectives from each jurisdiction and encourage peer support within the group of delegates in attendance.
The event features a very distinguished panel of industry veterans and tech titans from each jurisdiction:
SINGAPORE – Scott Wightman
Scott has served as the British High Commissioner to Singapore until June 2019, and before that as the UK Ambassador to the Republic of Korea. He has also worked in the British Embassies in Beijing, Paris and Rome and was Director for the Asia Pacific region in the Foreign and Commonwealth Office from 2008 to 2010. Scott is the newly appointed Director for External Affairs with the Scottish Government, where his role will focus on enhancing Scotland’s international relationships.
SCOTLAND – Seonaidh MacDonald
Seonaidh is Chairman of EOLAS Advisory Ltd, (boardroom advisory firm), Chairman of The Lennox Partnership, (social enterprise organisation), and Chairman of Pufferfish Ltd, (digital visualization company). Until 2016 he served as CEO of mLED Ltd, a world leader in Augmented/Virtual Reality products, which he led through a hugely successful trade-sale to Oculus / Facebook.
SILICON VALLEY – Tracey Ginn
Tracey heads up the USA practice at MBM Commercial, being an attorney and active member of the State Bar of California as a well as a solicitor. In addition to UK corporate investment and M+A work, Tracey’s practice area includes advising on US market entry, corporate and commercial transactions, deal flow between UK/European businesses and US entities including investment rounds, joint ventures and the establishment, capital structure and shareholding arrangements of US entities and advising high growth/tech companies through all phases of growth and across a range of sectors including IT, life sciences, healthcare and e-commerce. Her key clients include UK businesses with US operations, SMEs and high growth technology companies. Having lived and worked in California for 14 years before joining MBM, Tracey retains strong links with her US clients and her US legal networks.
Scotland’s leading women in business will interview our panellists in three fireside chats, ahead of Q&A from our guests.
Networking over refreshments and canapes will follow formal proceedings.
Reserve Your Free Place HERE