creating value from innovation: bridging the proverbial gap mateos-garcia.pdfjuan mateos-garcia,...

Creating value from academic/commercial collaboration Conference, London, June 29th

Creating Value from Innovation: bridging the proverbial gapJuan Mateos-Garcia, NESTA Policy & Research

Hello.

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Summary

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a. About NESTAb. Bridging the Gap(s)c. Our own workd. Conclusion

b. About NESTA

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Lottery endowment: ‘Make Innovation flourish in the UK’

Invest on Innovation

Pilot practical initiatives

Inform policy

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b. Bridging the Gap

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“Innovation is the successful exploitation of new ideas”

Universities have a key role to play in it: as a source of new ideas, and the talent to deliver them.

Kitson et al (2009), Goddard (2009)

b. Bridging the Gap

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Research

Education

Innovation

Knowledge

Skills

Linear Model

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Research

Education

Innovation

Knowledge

Skills

Interaction

b. Bridging the Gap

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Research

Education

Innovation

Knowledge

Skills

b. Bridging the Gap

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Distance between Universities and

Businesses

Organisational distance

Geographical distance

Timeframes, metrics

Knowledge degrades with distance

Differences in…

Cognitive Distance Language, values

Perception of high opportunity and transaction costs for collaboration (particularly for SMEs)

b. Bridging the Gap

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Distance between Universities and

Businesses

Organisational distance

Geographical distance

Timeframes, metrics

Differences in… Addressed through

Alignment

Location

Cognitive Distance Language, values Translation

Perception of high opportunity and transaction costs for collaboration (particularly for SMEs)

b. Bridging the Gap

Knowledge degrades with distance

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Create vehicles for the transfer of knowledge: PATENTS

And vehicles for the exploitation of knowledge: SPIN OUTS

University of Southampton: Global Third in Spin-outs+Structured Serendipity: 7 Consultancy Units & Business Incubation (SETSquared)

University of Manchester: Investment fund for spin-outs

Alignment

b. Bridging the Gap

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Develop the skills/institutions to communicate with business

University of Newcastle: Professors of PracticeEntrepreneurial individuals with one foot in research and the other in business

University of Dundee: DSTTFunders of the division get ‘first rights’ to license technology generated through the research

Translation

b. Bridging the Gap

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Create shared spaces for researchers and business

Support existing clusters, and build ‘latent’ ones

Daresbury LaboratoryLarge scale centre providing facilities to 85 companies. Collaboration between them is encouraged through facilitated networking

Location

b. Bridging the Gap

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They can be countervailed by highlighting the unique advantages of collaboration with universities:

+ Access to skills+ Access to international sources of knowledge+ Access to interdisciplinary bodies of knowledge+ Facilities

An observation on opportunity costs…

b. Bridging the Gap

c. Our own work

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Universities are a central player in the National System of Innovation: thus, an area of focus for us

Invest on Innovation

Investments

Pilot practical initiatives

Inform policy

Programmes Policy & Research

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Invest on Innovation

Pilot practical initiatives

Inform policy

Investments

Programmes Policy & Research

Invest on University spin outs

c. Our own work

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Invest on Innovation

Pilot practical initiatives

Inform policy

Investments

Programmes Policy & Research

Invest on University spin offs

Interdisciplinary collaboration

c. Our own work

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Invest on Innovation

Pilot practical initiatives

Inform policy

Investments

Programmes Policy & Research

Invest on University spin offs

Interdisciplinary collaboration

c. Our own work

20

Invest on Innovation

Pilot practical initiatives

Inform policy

Investments

Programmes Policy & Research

Invest on University spin offs

Training & Skills

c. Our own work

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Invest on Innovation

Pilot practical initiatives

Inform policy

Investments

Programmes Policy & Research

Invest on University spin offs

Training & Skills

c. Our own work

Fund research on innovation

d. Going ahead

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Providing the right incentives

And evaluating (both ex-ante and ex-post)

Very challenging for soft initiatives

Avoiding perverse incentives

Or one size fits all solutions

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THANK YOU

Juan.mateos-garcia@nesta.org.uk