nisp connect overview - stakeholder lunch 06-2014 (v2)
DESCRIPTION
NISP CONNECT is an independent, non profit organisation that supports the development of innovative technologies and early-stage companies through a series of educational seminars, mentorship programmes, capital competitions and public policy advocacy. The programmes are driven by the findings of the Northern Ireland Knowledge Economy Index (KEI) and are guided by the pro bono contributions of experienced entrepreneurs and executivesTRANSCRIPT
NISP CONNECT
The Vital 6%
Partner Thank You!
Review and preview June 2014
Professional & Strategic Partners
Capital Providers
New Company Creation Process
NISP CONNECT Vision
The transformation of Northern Ireland into one of the most entrepreneurial knowledge
economies in Europe by 2030.
Knowledge Economy Targets
Source: Oxford Economics. Targets generated at the NISP CONNECT knowledge economy stakeholder conference Feb 2012
Baseline Most recent data 2011 or *
denotes 2012
Aspirational Trajectory
2009 2015 2020 2030Knowledge economy – Total employees 30,600 33,370 41,030 57,500 71,250Number of innovation businesses 2,100 2,415 2,940 3,920 7,000
New innovative start up companies required annually 200 295 260 320 500
Venture capital invested annually £12M 2* 21 34 £90mTotal expenditure on R&D £500M 520 600 730 £1,050mScience and technology grads 57,300 73054* 60,980 64,230 71,250
Understanding the BlockersRisk Capital
NI’s current model of risk capital intervention is too small in scale and ineffective in operation to achieve the 2030 KEI investment targets.
Talent
We need stronger management teams to form and grow start up companies
and…
There is a mismatch between demand required to grow innovative companies and supply of key talent disciplines.
Culture
We need our kids to aspire to be successful in the knowledge economy, not the professions
and…
We must foster a culture where businesses collaborate to compete.
Source: Blockers identified at the NISP CONNECT knowledge economy stakeholder conference Feb 2012 and researched in the Tiger Team stakeholder analysis throughout 2012
Achievements- DETI Innovation Strategy
2014 collaborations - NICEP @ University of Ulster- FSB
- Common data: Matrix, Momentum, Invest NI
Ideas for 2015- Collaboration with InvestNI – unite the clans- DETI Communications strategy
PROGRAMME CHANGES• Innovation Assessment• Core Programme changes
– Intake panel enhancement– Additional panels
• Marketing• Financial
– Final panel review• Recommendations incorporated
• Capital Competition– Objective (marked) business review– Introduction to risk capital
PROGRESS FY14/15
Companies in Process = 17 Graduates = 2Pipeline = 33
Achieved-92 applications, unprecedented exposure for innovators
2014 collaborations (promotion, judging)- Momentum - IET
- Digital Circle - NIFDA
- ADS - BioBusiness
-Sentinus, LEAs, QUB SU, CultureTech, NI CONNECTIONS
Ideas for 2015- LEAs: Competitive @ local level- Annual homecoming for the Diaspora- The INVENT Retreat (the world’s top 100 inventors)- Broadcast media
Achieved
- 3 forums (beer and pizza)
- 26 founders presented to 50 potential co-founders
2014 collaborations (promotion, judging)
- Engineering: ADS & IET & NIACE
- Life sciences: Biobusiness
- Tech: Momentum
Ideas for 2015
- Need more co-founders
- Need more founders
Achieved
The Night of Ambition
2014 collaborations
Young Enterprise Northern Ireland
CultureTECH / Generation Innovation Conference
Careers Teachers conferences
SentinusBTYSE
Institute of Physics
Ideas for 2015- A peer driven movement of Northern Ireland’s most ambitious young people- Hackathons, bootcamps, mentors- Unite the clans
- YENI, Sentinus, W5, CultureTECH, BTYSE, Fablabs,, BringITon, ASE, Farset Labs, School Employer Connections, FE/HE, Creative Learning Centres
Achieved
- 16 workshops
2014 collaborations- Content: IOD, BioBusiness- Hosting: CIDO, NIACE, CultureTech
Ideas for 2015
- University On-Campus
We supported
• IET – prestige lectures– Honouring Bombardier– Wrightbus
• IOP• Friday Night Mashup• Momentum• Tech City National Cluster Alliance• #BrandNI