The Technology Strategy Board (TSB) is the UK Government’s innovation agency. It has funding, resources and expertise to benefit those businesses with innovation on their agenda. Wired Sussex has got together with the TSB to offer organisations and companies working in digital, media and technology a unique opportunity to hear from the decision makers across the TSB
Innovate UK Programme Stimulates Digital Innovation
1. Innovate UK
Matt Sansam
Programme Manager, IC tomorrow
Lead Technologist, Digital
2. About Innovate UK
The UK’s Innovation Agency: a national body set up in 2007 to invest in
business innovation
Works across business, universities and government
Most staff come from business backgrounds
Has a budget of over £400m/year
• £390m for 2012/13
• £440m for 2013/14
3. What we do
Help strengthen the global competitive position of leading businesses
Identify and grow sectors and businesses with the capacity to become the
best in the world
Nurture the businesses that can succeed in the growth sectors of
tomorrow
4. Facts and Figures
Invested in ~3000 projects
Working with >4900 companies and 110 universities
>£120m of small business contracts awarded through SBRI
>50,000 businesses on _connect
>9,000 people participated at TSB events
• Every £1 invested returns:
At least £3 for feasibility studies
£9 for Smart awards
Up to £35 for some areas of collaborative CR&D
8. About IC tomorrow
• IC tomorrow, an Innovate UK programme, stimulates innovation and
economic growth in the digital sector.
• We connect start-ups and SMEs with leading commercial partners and
investors across the EU, through funded contests, events, and strategic
matchmaking opportunities.
• The IC tomorrow network is free to join and supports innovation across a
variety of industry sectors including Music, Film, Fashion, Publishing, TV,
Education, Games, Culture, Sport, Advertising, Healthcare and Finance.
9. 2 key ways
in which we help start-ups and commercial
parties to collaborate
12. Benefit to Entrepreneurs
• Client to trial technology
• Applicants retain full IP
• 100% procurement funding
• Light touch application
• We’re not risk adverse
13. 2 – Networking events
(i) Pre-selected startups meet leading
commercial organisations in a speed-dating
style format
(ii) Drop-in sessions, digital surgeries and
themed workshops where startups and
industry meet each other, unpack
common challenges and opportunities to
innovate, and make great connections
14. Key Stats
• In 2013, IC tomorrow launched 7 contests, ran 24 events, and made
£961,000 in funding available. We have 3500 digital entrepreneurs, rights
holders, academic institutions and investors in our online _connect
network.
• We conducted our first ever survey last year, in which we discovered that:
• 86% of contest applicants found the process easy to understand
• 89% of contest winners found the business relationship with the challenge
partners as valuable as the funding awarded
• 93% of speed networking attendees made useful contacts to follow up on
15. IC tomorrow
Drop us a line ictomorrow@innovateuk.org
ictomorrow.com
@ictomorrow
Facebook/ictomorrow
0300 321 4358
17. Application process Stage 1
A common review process applies to all applications:
•Each application is reviewed by multiple assessors
•The applications are not forwarded to the assessors until after the closing
date for submission
•Each application is reviewed against the same set of assessment criteria
•A review panel then assess the collective scoring and identifies a ranked
order for review
•The review panel will discuss the applications and identify the successful
applicants to invite to stage two
•All other applicants will be informed they have not been successful with their
application.
26. Application process Stage 2
• Successful applicants will be invited to the ‘Stage two’ panel session
• Those chosen to go through to ‘Stage two’ will be required to provide a 10-
minute presentation with Q&A. No more than about six minutes should be
used to pitch your proposal to the panel with the remaining time used by the
panel as Q&A
• Only one person is able to present each proposal, but additional people are
allowed for the Q&A
• Prior to the final event, practice sessions will be arrange in front of the IC
tomorrow team to provide feedback and enable you to refine your pitch
27. Practice Pitches session Spend up to an hour with the IC
tomorrow team to fine tune your
pitch prior to the final event.
Please come with your
presentation already prepared!
Over 95% of winners have
attended practice pitch sessions
Learn how to structure and time,
your pitch, and what the judges
are looking for
28. Successful Stage Two applicants
• Successful 'Stage two' winners will be sent a provisional letter of engagement
• Following this, winners will be required to attend a project launch meeting with IC
tomorrow and the relevant challenge partner/organisation to discuss their plans for
delivery and agree the nature of their collaboration, including any delivery
requirements
• Once the plan of delivery is mutually agreed, it is worked up into a service agreement
which has to be signed off by all parties
• Please note the development of the winning solution must start within three months
of receipt of engagement letter
• Live trial must launch within nine months of the engagement letter and run for a
minimum period of three months (where appropriate)
• Project must cost no more than the stated amount for each challenge excluding VAT
• Payment will be made in three stages: 50% on agreement of service agreement, 25%
on delivery of working solution and launch of trial, 25% on completion of trial
29. IC tomorrow
Drop us a line ictomorrow@innovateuk.org
ictomorrow.com
@ictomorrow
Facebook/ictomorrow
0300 321 4358