Transcript National Innovation Plan

National Innovation Plan
National Innovation Plan
Headline manifesto commitments:
- “Making the UK the best place in
Europe to innovate, patent new ideas
and grow a business”
- “Making the UK the best place in the
world to start and grow a business”
2
What is innovation?
The application of knowledge to the production of goods and services to
meet economic and social challenges
Type
Who
How
Product/service
Entrepreneurs
Open business environment
Process
Universities
Business Model
Business
Promoting collaboration,
sharing ideas
Marketing
Government
Supporting business R&D
investment
Increasing workforce skills
Encouraging demand for
innovation
3
What do we know?
•
-
UK is seen as relatively strong on open, competitive markets
10th in WEF Global Competitiveness Report
2nd in Global Innovation Index (trade and competition 5th, regulation 9th, business environment 10th)
•
-
UK has a relatively low spend on both public and private R&D
Spend less than OECD average (UK 1.6X% of GDP, Japan 3.47%, Germany 2.85%, US 2.73%)
Investment falling as a proportion of economic activity since 1980s
•
-
R&D spend is concentrated in a very small number of companies and sectors
Top 4 sectors account for half of R&D (pharma 20%, ICT 12%, automotive 12%, aerospace 9%)
400 companies account for 80% of business R&D
Proportion of SMEs introducing new products or processes below EU average
•
-
Most innovation is business to business
40% of businesses innovating have co-operation agreements, usually with customers (public and private sector)
Only 10% of ideas used by business come directly from university collaboration
•
-
Need demanding customers
So called “frontier firms” have labour productivity that is ten times higher than others – gap growing over time
4
7 Priority Areas
•
•
•
•
•
•
•
Regulation: where we should ask our regulators to drive innovation, and seek to make the UK the
regulatory test-bed capital of Europe.
Intellectual Property (IP): where we should support a more effective system for exploiting, trading
and commercialising IP, remove the disincentives for university spin-outs and ensure our IP system
keeps pace with a changing economy.
Government driving innovation: where we should deliver real culture change with government
acting as ‘first customer’, embedding a challenge-based approach to procurement, and substantially
increasing the amount of government spending that results in innovative products, services and
processes for citizens and taxpayers.
Access to finance: where – as the world’s financial capital – the UK Government should work
alongside the private sector to create the deepest pool of innovation finance in Europe, explore the
potential to move towards the landmark figure of 3% of GDP being spent on R&D and further support
our university sector to bring spin-outs to market.
Data: where we need to put the UK at the forefront of open data opportunities, making sure that
departmental R&D is open access and as effective as it can be.
Challenger Businesses: where we should build on the success of the Challenger Business
Programme by involving all departments in ensuring that the regulatory environment keeps pace to
enable businesses to create new markets and services. And we should continue to strengthen the
UK’s intellectual property rules.
National infrastructure: where we should maximise the opportunities for innovation as we deliver
high-quality infrastructure that unlocks economic opportunities.
5
6
Next Steps
• Survey closes on 30 May Citizen Space
https://bisgovuk.citizenspace.com/
• Results will be summarised and feasible ideas
developed
Publication – soon