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Funding for Innovation for Creative Enterprises

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The document outlines the 'Create Innov Fund' initiative aimed at supporting innovation in creative, cultural, and digital sectors through funding, coaching, and mentoring. It covers various aspects such as business growth services, IP management, and grants available for SMEs, emphasizing the importance of innovation for business growth. Additionally, it details events, programs, and partnerships intended to foster collaboration and access to finance for creative enterprises.

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Funding for Innovation for Creative Enterprises 11 September 2015
Welcome Jenni Young Marketing and Centre Director Digital Catapult #createinnovfund
Introduction Patrick Towell, Chief Executive Golant Media Ventures #createinnovfund
Who we are An innovation agency for creative, cultural and digital sectors • Coaching & mentoring • Training & development • Advice & support • Commercial & public benefit • Funding • Business models • Intellectual property • Service & experience design • Data exploitation • Organisational change • Content distribution #createinnovfund
Who we work for, with, funded by http://www.golantmediaventures.com/projects
Agenda 9.30 Welcome – Jenni Young (Digital Catapult) 9.40 Introduction – Patrick Towell (GMV) 9.55 Innovation and IP in the UK economy – Rosa Wilkinson (The IPO) 10.20 Growth Accelerator: Business Growth and Access to Finance – Aziz Rahman (Grant Thornton) 10:35 Growth Accelerator: Growth Through Innovation – Patrick Towell (GMV) 10:50 Coffee break 11.00 Creative KTN – Mitra Memarzia (Creative KTN) 11.15 Horizon 2020 – Callum Lee (BOP Consulting) 11.30 R&D tax credits – Patrick Towell 11.45 Introduction to working session – Patrick Towell 11.55 Working session 12.40 Feedback from working session 12.55 Case study: Cinegi – Mandy Berry 1.10 Case study: Mint Digital – Tim Morgan
Funding landscape • UK & EU • Public & private • Equity, debt, crowd, P2P… • Understand media/creative/entertainment or… #createinnovfund
What innovation funding needs • Compelling market opportunity – Market dynamics, focus, segmentation – Sizing, growth justification – Competitor analysis and positioning • Clear portfolio of products, services, content, experiences… • Identifiable and defensible IP (and other intangibles) • Business models – Revenue models, pricing, profitability – Delivery models, partnering, costs – Channel/distribution strategy #createinnovfund
Rosa Wilkinson, Innovation Director Intellectual Property Office #createinnovfund
Aziz Rahman On behalf of GrowthAccelerator Now part of the Business Growth Service #createinnovfund
Introducing the Business Growth Service Name: Aziz Rahman Job Title: Business Growth Manager Email: azizur.rahman@uk.gt.com Mobile: 07500882027
What is the Business Growth Service? Business Growth Service
Measures of Success GrowthAccelerator KPIs • £2.8 billion GVA (£108k GVA per participant) • 70,000 new jobs (2.7 new jobs per participant) • Target to recruit 26,000 participants nationally • £200 million of finance to be raised How will the Business Growth Service be measured? • Realised Gross Value Add (GVA) • Realised Job Creation • Forecast GVA and Jobs • Participant Satisfaction across every aspect of the participant journey • Stakeholder Recommendation
Business Eligibility & Suitability SMEs < 250 employees Max balance sheet 43m Euro (includes group assets) Any sector Any age Registered in England Eligibility Suitability Ambition, Capacity and Opportunity to grow
How does it work?
Access to Finance • Bespoke support through the finance raising process • Access to specialist finance coach to support investment readiness • Assistance with funding options including debt and/or equity funding • Introduction to appropriate funders • Access to GrowthAccelerator's Investor Relations team Complemented by a series of up to three full day Finance specific Masterclasses
Business Development • Business planning • Strategic planning • Marketing strategy • Organisational change • Improving performance and efficiencies • Recruitment and people management Complemented by a number of free workshops
Growth Through Innovation • New product/service development • Increase competitiveness • Research and development grant funding application support • Patents Complemented by a number of full day masterclasses
Leadership & Management – all service streams Up to £2k grant per eligible senior manager • Self select training for business leaders to improve skills, knowledge & expertise, • Match funding – company must contribute 50% towards the costs, • Statutory/operational training not eligible - must be focused on improving leadership and management skills, • Training must be for senior management that are directly involved in the strategic direction of the business.
Participant Feedback so far 98% report that they are on track to achieve the key milestones set out in their action plan 97% believe that GrowthAccelerator has been 'important' in increasing their ability to achieve these milestones 91.2% 94.2% 90.2% 95.3% Understanding of your business Business experience Technical Skills Credibility Participant Satisfaction with Coach Qualities
What is your investment? Total package of support valued at £3,500 + VAT Includes coaching, GROWTHMapper, access to Leadership & Management training grants, Workshops or Masterclasses and Growth Community To access the service, you pay:Employees (FTE) Cost to join + VAT * 1- 4 £600 (you receive a subsidy of £2,900) £700 5 - 49 £1,500 (you receive a subsidy of £2,000) £700 50 - 249 £3,000 (you receive a subsidy of £500) £700 * VAT calculated against total package of support cost
Thanks Name: Aziz Rahman Job Title: Business Growth Manager Email: azizur.rahman@uk.gt.com Mobile: 07500882027
What is ‘Growth Through Innovation? #createinnovfund Slides used by permission of Yvonne Grady
Growth through innovation journey…. • Customised innovation coaching assignment • Innovation masterclasses • Leadership & Management development funding • Access to funded £3k IP Audit • Bespoke ‘design mentoring’ • Design workshop and masterclass #createinnovfund
Customised Innovation Coaching Bespoke ‘Scope of Innovative Support’ for the Company, including deliverables, timescales, roles and responsibilities • Transfers skills and knowledge from the coach into the company – in order to change behaviours and improve company performance. Safe pair of hands • Focus on: • Developing and commercialising innovation • Creating and building a culture of innovation • Building organisational capacity for innovation
Innovation Masterclasses 1. Creating Competitive Products & Services 2. Understanding unmet Customer Needs 3. How to Generate New Ideas 4. Collaboration & Partnering for Innovation 5. Developing an Innovative Organisation 6. Understanding, Protecting & Exploiting my IP 7. Finding & Winning Grants for Innovation Growth Accelerator Customers can access up to two Masterclasses per Company
Intellectual Property Audit • Accessed only via ‘Growth Through Innovation’ • Objective – SME to gain a clear picture of their intellectual property assets • Evidence that IP strategy and audit would add value to growth ambitions of the business • £3000 IP audit with small contribution from business £400 • Carried out by IP Attorney or Practitioner – client choice • IP audits - monthly competition #createinnovfund
IP Audit Report Includes action points for how to best leverage value out of and how to manage IP and is tailored to the specific needs of the business/project. Audit covers some of the following; • Patents - identify pending applications, granted patents, potential patentable technology and potential patent infringements • Trade Marks - identify registered and unregistered trade marks, searching procedures prior to introduction of trade mark • Designs - identify registered and unregistered rights, possible protection through Design Right/Community Design Right, possible infringements • Copyright – identify copyright (databases, websites, photography, film marketing/promotional material) and ownership/assignment of copyright • IP Management - to include confidentiality (or non-disclosure) agreements, trade secrets, technical know-how, employee agreements and dissemination of IP policy throughout the company #createinnovfund
Design Mentoring Offer… • Accessed only via ‘Growth Through Innovation’ • Bespoke design coaching for SMEs • Design mentoring supports the transfer of skills and knowledge e.g. project management, outsourcing, project brief/specification (key SME weakness) • 50% grant funded support for ‘Design Coach’ not implementation • Grants range from £800 minimum to £3000 maximum
Design Mentoring/Coaching • Experienced Coach facilitating transfer of knowledge/skills to support SMEs with; Branding design Product design Process design Service design • Access to design workshop and masterclass #createinnovfund
How do we support SMEs?  Setting a plan for growth and developing scalable innovative solutions  Identifying new market opportunities/new routes to market  Developing competitive products/services  Understanding customers needs  Identifying IP and understanding how to protect it  Developing leadership capability, building a future team, attracting and retaining talent…  Design Mentoring  Developing the organisational culture
Why innovation is important to growth….  New product/process/service development  Attraction and retention of new customers  Standing out from the competition  Using design as a strategic tool is powerful differentiator  Improving quality  Reducing costs  Conserving the environment #createinnovfund
ktn-uk.org @KTNUK Dr. Mitra Memarzia @mitra_m 11 Sep 2015 Golant Media Ventures: Funding for Innovation for Creative Enterprises The Knowledge Transfer Network
Introducing What we do — KTN is the UK’s innovation network. It brings together businesses, entrepreneurs, academics and funders to develop new products, processes and services — We help business to grow the economy and improve people’s lives by capturing maximum value from innovative ideas, scientific research and creativity The Knowledge Transfer Network ktn-uk.org @KTNUK @KTN_Creative
The Knowledge Transfer Network Connecting people to accelerate innovation Interdisciplinary Bringing together businesses and researchers from different sectors. Commercial Introducing innovators to public and private funders and investors. Strategic Connecting people who wouldn’t usually meet to solve innovation challenges. Entrepreneurial Linking people with new ideas and technologies to partners and customers. ktn-uk.org @KTNUK
Clustered communities, groups and business programmes Focus is on bringing together groups that would not normally meet ktn-uk.org @KTNUK Materials Chemistry Environmental Services Agri-Food Biosciences Health ICT Electronics, Sensors & Phototonics Defence & Security Space Built Environment Transport Energy Creative Industries Digital Economy Design Sustainability, H2020, International, Access to Finance, Design
Thought leadership + reports + resources GMV's report for the KTN on innovation through co-design and data in the creative industries: http://golantmediaventures.com/projects/innovation-from-co-design-and-data-in- the-uks-creative-industries Creative Industries Strategy: https://connect.innovateuk.org/web/creativektn/article-view/-/blogs/video-creative- futures-innovation-and-growth
https://connect.innovateuk.org/web/creativektn/resources KTN H2020 guidebook: Brokerage events: Horizon 2020 Series of KTN brokerage and networking events November 2015 London, Brighton, Manchester, Cardiff Join the Linkedin group: http://www.linkedin.com/groups?about=&gid=3233422&trk=groups%2Fhome-h-share
Clustered communities, groups and business programmes ktn-uk.org @KTNUK Business programmes — Sustainability — Design — Horizon 2020 — International — Access to funding & finance
National and local ktn-uk.org @KTNUK
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
THEMATIC RESPONSIVE
THEMATIC COMPETITIONS • Collaborative Research & Development (CR&D) • Feasibility Study • Innovation Contests • Launchpad • Small Business Research Initiative (SBRI) • Knowledge Transfer Partnerships (KTP)
RESPONSIVE COMPETITIONS INNOVATION VOUCHERS - Designed to help businesses gain the knowledge they need to innovate and grow. - An Innovation Voucher can help your business to work with an external expert for the first time by paying towards the cost of their services. - £5k for SMEs to work with ‘Knowledge suppliers’ to help their businesses address a real challenge, not just a small improvement or change to what they currently do. - 4 rounds of funding every 3 months. Over 100 vouchers are issued each round.
RESPONSIVE COMPETITIONS SMART GRANTS • Proof of Market - This grant enables companies to assess commercial viability. - Max. Grant £25k. Up to 6 months. 60% of total project costs • Proof of Concept - A grant to explore technical feasibility . - Max. Grant £100k. Up to 18 months. 60% of total project costs • Development of Prototype - To develop a technologically innovative product or service. - Max. Grant £250k. Up to 2 yrs months. - 35% of total project costs (Medium), 45% for small & micro.
Digital Innovation Contest: TV & Film – Rovi Corp Winner: Portal Entertainment http://www.portalentertainment.co.uk/
Digital Innovation Contest: Fashion – Holition Winner: The Unseen http://seetheunseen.co.uk/
Digital Innovation Contest: Clinical Excellence – Bupa Winner: Genix http://www.geneix.com/
Current Open Creative & Digital Competitions Register for our Bi-weekly Newsletter http://www.ktn-uk.co.uk/subscribe-2/ http://www.slideshare.net/KnowledgeTransferNetwork/creative-digital-design-business-briefing-september-2015 + Monthly Slideshare
Monthly Business Drop-in sessions 16 Sept Digital Catapult Centre, London: 17 Sept, Tech Hub, Swansea: ow.ly/RKIt6 ow.ly/QvKXP
Thank you
Callum Lee Director, BOP Consulting #createinnovfund
—— Funding for innovation for creative enterprises Opportunities in Horizon 2020
—— 55 Context
—— —— 56 Musikalsk -MEDEA @ Malmo University New ways to experience classical music Horizon 2020
—— —— 57
—— —— 58
—— —— 59
—— —— 60
—— —— 61 Waag Society, Brunel University, Stromatolite Connecting ICT and Art Horizon 2020
—— —— 62
—— —— 63
—— —— 64
—— 65 The four types of “action” in Horizon 2020
—— 66 Some calls of relevance – Leadership in Emerging Technologies Call Aims Likely contribution ICT20 – 2017: Tools for smart digital content in the creative industries To maximise the potential for re-use and re-purposing of all types of digital content EUR 0.5 – 1m ICT21 – 2016: Support technology transfer to the creative industries Support creative industries SMEs in leveraging emerging ICT technologies for the development of innovative products, tools, applications and services with high commercial potential. EUR 2m ICT22 – 2016: Technologies for Learning and Skills Innovation in digital learning EUR 2m ICT19 – 2017: Media and content convergence Make the best use of technology for reaching out to new audiences, adapting to the digital era and thriving in the connected Digital Single Market EUR 2 – 4m
—— 67 More calls of relevance – Societal Challenges Theme Likely areas of interest Europe in a changing world - Inclusive, innovative and reflective societies ICT-enabled public sector innovation Digital cultural Heritage Dynamic urban futures CO-CREATION-2016/2017-6: Understanding co-creation in the public sector
—— 68 EUR 50k 6 months EUR 1 – 2.5m 1 – 2 years
—— 69 FP7 Winning proposals (2007 – 13) Your chances
—— —— 70 Find me at callum@bop.co.uk @callumlee
Patrick Towell, Chief Executive Golant Media Ventures #createinnovfund
R&D tax credits Have you ever… • Solved complex technical or scientific challenges even though at the beginning you weren’t certain how? • Dealt with unexpected problems along the way? • Spent more time and money on it than you intended? • Needed to put in more effort and money to exploit what you learnt and get a return on investment? #createinnovfund
R&D tax credits What do you need to do? • Have activities that are liable to corporation tax • Work out which costs you can legitimately claim – what HMRC will consider ‘proper’ R&D • Have your accountant submit each R&D tax claim as part of an annual return • Consider consulting lawyers if you have had other public funds or aid, such as SEIS or Innovate UK funding.
Working session • Type of enterprise – Film/TV production – Digital production (games/TV/mobile) – Publishing (books/mags) – Major arts, culture, heritage – Smaller arts, culture, heritage – Ad/marketing agency – Food, fashion, or design – Public body • Target demographic – Children – Young people – Middle age – Older people • Market – UK – International • Type of content/data/technology • Revenue model • Current revenue • Stage of growth – Concept – Prototype – Early stage – Growth – Expansion • Funding already acquired
Mandy Berry Chief Executive, Cinegi Founder Director, Golant Media Ventures #createinnovfund
DIGITAL FILM DISTRIBUTION SERVICE ANY VENUE CAN BE A ‘CINEMA’ MANDY BERRY, CHIEF EXECUTIVE
HOW IT WORKS • Filmed media rights management • Secure distribution • Web-based platform and desktop app • Download over public internet using standard broadband • No proprietary kit • Screening in full HD …“as easy as home entertainment” 77
Film societies Village halls Arts centres Pubs/hotels Touring circuits Theatres Independent cinemas Colleges Community centres VENUES AND PROMOTERS OF ALL KINDS …AND MORE! Workplaces Tourist attractions High street pop-ups Festivals Outdoor public spaces Sports & leisure venues Social clubs, church halls VENUES/PROMOTERS
CINEGI PLATFORM – B2B WEBSITE Catalogue – packaging, programming & booking Paperless box office & admissions reporting
CINEGI PLATFORM – CINEGI PLAYER Download Manager In-venue Playout • As easy to use as a catch-up TV service • No special training required
CINEGI IPE-BusinessSecuredigital delivery Brand IP Web application design & software IP Catalogue IP Customer database IP Media, metadata & collateral IP Player design & software IP
DEVELOPMENT & FUNDING JOURNEY Public funding & corporate support 2011-12 VC Investment 2014 - Research into audiences and alternative venues - Business modelling for alternative content Public funding 2013 - Gap finance - Market analysis, product strategy, business planning - Management & administration resources - Platform & player built - Team in place - Initial content secured - Private beta in South West - Funding from public funders and commercial partners (no equity/rights taken) - Proof of concept – created technical, commercial & legal blueprint Innovation support all stages 2010-14 Digital R&D Fund for the Arts
• Keep it simple • Be open • Partnerships • Leverage your funding • Tenacity 83 KEY SUCCESS FACTORS
Tim Morgan CEO, Mint Digital Creative Europe Desk UK #createinnovfund
Mint Digital The Funding Journey
One : About Mint Two : The Funding Journey Four : What didn’t work Three : What worked Five : Lessons Learned
One About Mint
• Tesco • Goldman Sachs • Channel 4 • Benetton • Agatha Christie • Ipsos Mori • Speedo • BBC • About 100 others! • Fox • About 100 others! • Sticky9 • Boomf • DeskBeers • The Bathory • deskcamping • Projecteo • Picklive • TubeSocks • About 30 others! Client Services Ventures
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Crystallise learnings and insights Synthesis Meet users, show ideas, experiment Immersion 1 Cycle Create ideas and prototype them Design/Build
Make a simple, seamless experience that people love, use and share Digital Product Development
Two The Funding Journey
Putting food on the table Digital Product Development
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
PROJECTEO Mini Instagram projector. $18,000 goal, $87,000 hit on Kickstarter. http://www.getprojecteo.com
Mint Digital Product Development Studio Sold to Sports Millions June 2012 Techcrunch Europas: Highly Commended Sold to PhotoBox June 2013 Webby Honoree
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Three What worked
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
PROJECTEO Mini Instagram projector. $18,000 goal, $87,000 hit on Kickstarter. http://www.getprojecteo.com
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Four What didn’t work
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
PROJECTEO Mini Instagram projector. $18,000 goal, $87,000 hit on Kickstarter. http://www.getprojecteo.com
Funding for Innovation for Creative Enterprises
Funding for Innovation for Creative Enterprises
Five Lessons learned
• Funding is not a business goal in itself. • You need room to make mistakes. • Great propositions get funded. • Crowdfunding is great but there are caveats. • Successful funding is a combination of great concepts, proofs and hard work. • It is fair. Lessons learned
• “If a man can write a better book, preach a better sermon, or make a better mousetrap than his neighbor, though he build his house in the woods, the world will make a beaten path to his door.” Ralph Waldo Emerson
Thank you @thetimmorgan tim@mintdigital.com
Get in touch! Building resilience and agility • Innovation and realising opportunities from digital • Making new revenues, reaching new customers • Distribution strategy and organisational change Designing new products and services • Realising the full value of content & data • Devising new entertainment, cultural & information propositions • Developing creative, technical and business solutions Getting value from data • Making data a strategic asset • Using data to realise your creative and commercial ambitions Public funding and private financing • Securing funding from a mix of funders • Being investment ready – proposition & business model Patrick Towell patrick.towell@golantmediaventures www.golantmediaventures.com @golantmedia
Thank you for attending!

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Funding for Innovation for Creative Enterprises

  • 1. Funding for Innovation for Creative Enterprises 11 September 2015
  • 2. Welcome Jenni Young Marketing and Centre Director Digital Catapult #createinnovfund
  • 3. Introduction Patrick Towell, Chief Executive Golant Media Ventures #createinnovfund
  • 4. Who we are An innovation agency for creative, cultural and digital sectors • Coaching & mentoring • Training & development • Advice & support • Commercial & public benefit • Funding • Business models • Intellectual property • Service & experience design • Data exploitation • Organisational change • Content distribution #createinnovfund
  • 5. Who we work for, with, funded by http://www.golantmediaventures.com/projects
  • 6. Agenda 9.30 Welcome – Jenni Young (Digital Catapult) 9.40 Introduction – Patrick Towell (GMV) 9.55 Innovation and IP in the UK economy – Rosa Wilkinson (The IPO) 10.20 Growth Accelerator: Business Growth and Access to Finance – Aziz Rahman (Grant Thornton) 10:35 Growth Accelerator: Growth Through Innovation – Patrick Towell (GMV) 10:50 Coffee break 11.00 Creative KTN – Mitra Memarzia (Creative KTN) 11.15 Horizon 2020 – Callum Lee (BOP Consulting) 11.30 R&D tax credits – Patrick Towell 11.45 Introduction to working session – Patrick Towell 11.55 Working session 12.40 Feedback from working session 12.55 Case study: Cinegi – Mandy Berry 1.10 Case study: Mint Digital – Tim Morgan
  • 7. Funding landscape • UK & EU • Public & private • Equity, debt, crowd, P2P… • Understand media/creative/entertainment or… #createinnovfund
  • 8. What innovation funding needs • Compelling market opportunity – Market dynamics, focus, segmentation – Sizing, growth justification – Competitor analysis and positioning • Clear portfolio of products, services, content, experiences… • Identifiable and defensible IP (and other intangibles) • Business models – Revenue models, pricing, profitability – Delivery models, partnering, costs – Channel/distribution strategy #createinnovfund
  • 9. Rosa Wilkinson, Innovation Director Intellectual Property Office #createinnovfund
  • 10. Aziz Rahman On behalf of GrowthAccelerator Now part of the Business Growth Service #createinnovfund
  • 11. Introducing the Business Growth Service Name: Aziz Rahman Job Title: Business Growth Manager Email: [email protected] Mobile: 07500882027
  • 12. What is the Business Growth Service? Business Growth Service
  • 13. Measures of Success GrowthAccelerator KPIs • £2.8 billion GVA (£108k GVA per participant) • 70,000 new jobs (2.7 new jobs per participant) • Target to recruit 26,000 participants nationally • £200 million of finance to be raised How will the Business Growth Service be measured? • Realised Gross Value Add (GVA) • Realised Job Creation • Forecast GVA and Jobs • Participant Satisfaction across every aspect of the participant journey • Stakeholder Recommendation
  • 14. Business Eligibility & Suitability SMEs < 250 employees Max balance sheet 43m Euro (includes group assets) Any sector Any age Registered in England Eligibility Suitability Ambition, Capacity and Opportunity to grow
  • 15. How does it work?
  • 16. Access to Finance • Bespoke support through the finance raising process • Access to specialist finance coach to support investment readiness • Assistance with funding options including debt and/or equity funding • Introduction to appropriate funders • Access to GrowthAccelerator's Investor Relations team Complemented by a series of up to three full day Finance specific Masterclasses
  • 17. Business Development • Business planning • Strategic planning • Marketing strategy • Organisational change • Improving performance and efficiencies • Recruitment and people management Complemented by a number of free workshops
  • 18. Growth Through Innovation • New product/service development • Increase competitiveness • Research and development grant funding application support • Patents Complemented by a number of full day masterclasses
  • 19. Leadership & Management – all service streams Up to £2k grant per eligible senior manager • Self select training for business leaders to improve skills, knowledge & expertise, • Match funding – company must contribute 50% towards the costs, • Statutory/operational training not eligible - must be focused on improving leadership and management skills, • Training must be for senior management that are directly involved in the strategic direction of the business.
  • 20. Participant Feedback so far 98% report that they are on track to achieve the key milestones set out in their action plan 97% believe that GrowthAccelerator has been 'important' in increasing their ability to achieve these milestones 91.2% 94.2% 90.2% 95.3% Understanding of your business Business experience Technical Skills Credibility Participant Satisfaction with Coach Qualities
  • 21. What is your investment? Total package of support valued at £3,500 + VAT Includes coaching, GROWTHMapper, access to Leadership & Management training grants, Workshops or Masterclasses and Growth Community To access the service, you pay:Employees (FTE) Cost to join + VAT * 1- 4 £600 (you receive a subsidy of £2,900) £700 5 - 49 £1,500 (you receive a subsidy of £2,000) £700 50 - 249 £3,000 (you receive a subsidy of £500) £700 * VAT calculated against total package of support cost
  • 22. Thanks Name: Aziz Rahman Job Title: Business Growth Manager Email: [email protected] Mobile: 07500882027
  • 23. What is ‘Growth Through Innovation? #createinnovfund Slides used by permission of Yvonne Grady
  • 24. Growth through innovation journey…. • Customised innovation coaching assignment • Innovation masterclasses • Leadership & Management development funding • Access to funded £3k IP Audit • Bespoke ‘design mentoring’ • Design workshop and masterclass #createinnovfund
  • 25. Customised Innovation Coaching Bespoke ‘Scope of Innovative Support’ for the Company, including deliverables, timescales, roles and responsibilities • Transfers skills and knowledge from the coach into the company – in order to change behaviours and improve company performance. Safe pair of hands • Focus on: • Developing and commercialising innovation • Creating and building a culture of innovation • Building organisational capacity for innovation
  • 26. Innovation Masterclasses 1. Creating Competitive Products & Services 2. Understanding unmet Customer Needs 3. How to Generate New Ideas 4. Collaboration & Partnering for Innovation 5. Developing an Innovative Organisation 6. Understanding, Protecting & Exploiting my IP 7. Finding & Winning Grants for Innovation Growth Accelerator Customers can access up to two Masterclasses per Company
  • 27. Intellectual Property Audit • Accessed only via ‘Growth Through Innovation’ • Objective – SME to gain a clear picture of their intellectual property assets • Evidence that IP strategy and audit would add value to growth ambitions of the business • £3000 IP audit with small contribution from business £400 • Carried out by IP Attorney or Practitioner – client choice • IP audits - monthly competition #createinnovfund
  • 28. IP Audit Report Includes action points for how to best leverage value out of and how to manage IP and is tailored to the specific needs of the business/project. Audit covers some of the following; • Patents - identify pending applications, granted patents, potential patentable technology and potential patent infringements • Trade Marks - identify registered and unregistered trade marks, searching procedures prior to introduction of trade mark • Designs - identify registered and unregistered rights, possible protection through Design Right/Community Design Right, possible infringements • Copyright – identify copyright (databases, websites, photography, film marketing/promotional material) and ownership/assignment of copyright • IP Management - to include confidentiality (or non-disclosure) agreements, trade secrets, technical know-how, employee agreements and dissemination of IP policy throughout the company #createinnovfund
  • 29. Design Mentoring Offer… • Accessed only via ‘Growth Through Innovation’ • Bespoke design coaching for SMEs • Design mentoring supports the transfer of skills and knowledge e.g. project management, outsourcing, project brief/specification (key SME weakness) • 50% grant funded support for ‘Design Coach’ not implementation • Grants range from £800 minimum to £3000 maximum
  • 30. Design Mentoring/Coaching • Experienced Coach facilitating transfer of knowledge/skills to support SMEs with; Branding design Product design Process design Service design • Access to design workshop and masterclass #createinnovfund
  • 31. How do we support SMEs?  Setting a plan for growth and developing scalable innovative solutions  Identifying new market opportunities/new routes to market  Developing competitive products/services  Understanding customers needs  Identifying IP and understanding how to protect it  Developing leadership capability, building a future team, attracting and retaining talent…  Design Mentoring  Developing the organisational culture
  • 32. Why innovation is important to growth….  New product/process/service development  Attraction and retention of new customers  Standing out from the competition  Using design as a strategic tool is powerful differentiator  Improving quality  Reducing costs  Conserving the environment #createinnovfund
  • 33. ktn-uk.org @KTNUK Dr. Mitra Memarzia @mitra_m 11 Sep 2015 Golant Media Ventures: Funding for Innovation for Creative Enterprises The Knowledge Transfer Network
  • 34. Introducing What we do — KTN is the UK’s innovation network. It brings together businesses, entrepreneurs, academics and funders to develop new products, processes and services — We help business to grow the economy and improve people’s lives by capturing maximum value from innovative ideas, scientific research and creativity The Knowledge Transfer Network ktn-uk.org @KTNUK @KTN_Creative
  • 35. The Knowledge Transfer Network Connecting people to accelerate innovation Interdisciplinary Bringing together businesses and researchers from different sectors. Commercial Introducing innovators to public and private funders and investors. Strategic Connecting people who wouldn’t usually meet to solve innovation challenges. Entrepreneurial Linking people with new ideas and technologies to partners and customers. ktn-uk.org @KTNUK
  • 36. Clustered communities, groups and business programmes Focus is on bringing together groups that would not normally meet ktn-uk.org @KTNUK Materials Chemistry Environmental Services Agri-Food Biosciences Health ICT Electronics, Sensors & Phototonics Defence & Security Space Built Environment Transport Energy Creative Industries Digital Economy Design Sustainability, H2020, International, Access to Finance, Design
  • 37. Thought leadership + reports + resources GMV's report for the KTN on innovation through co-design and data in the creative industries: http://golantmediaventures.com/projects/innovation-from-co-design-and-data-in- the-uks-creative-industries Creative Industries Strategy: https://connect.innovateuk.org/web/creativektn/article-view/-/blogs/video-creative- futures-innovation-and-growth
  • 38. https://connect.innovateuk.org/web/creativektn/resources KTN H2020 guidebook: Brokerage events: Horizon 2020 Series of KTN brokerage and networking events November 2015 London, Brighton, Manchester, Cardiff Join the Linkedin group: http://www.linkedin.com/groups?about=&gid=3233422&trk=groups%2Fhome-h-share
  • 39. Clustered communities, groups and business programmes ktn-uk.org @KTNUK Business programmes — Sustainability — Design — Horizon 2020 — International — Access to funding & finance
  • 44. THEMATIC COMPETITIONS • Collaborative Research & Development (CR&D) • Feasibility Study • Innovation Contests • Launchpad • Small Business Research Initiative (SBRI) • Knowledge Transfer Partnerships (KTP)
  • 45. RESPONSIVE COMPETITIONS INNOVATION VOUCHERS - Designed to help businesses gain the knowledge they need to innovate and grow. - An Innovation Voucher can help your business to work with an external expert for the first time by paying towards the cost of their services. - £5k for SMEs to work with ‘Knowledge suppliers’ to help their businesses address a real challenge, not just a small improvement or change to what they currently do. - 4 rounds of funding every 3 months. Over 100 vouchers are issued each round.
  • 46. RESPONSIVE COMPETITIONS SMART GRANTS • Proof of Market - This grant enables companies to assess commercial viability. - Max. Grant £25k. Up to 6 months. 60% of total project costs • Proof of Concept - A grant to explore technical feasibility . - Max. Grant £100k. Up to 18 months. 60% of total project costs • Development of Prototype - To develop a technologically innovative product or service. - Max. Grant £250k. Up to 2 yrs months. - 35% of total project costs (Medium), 45% for small & micro.
  • 47. Digital Innovation Contest: TV & Film – Rovi Corp Winner: Portal Entertainment http://www.portalentertainment.co.uk/
  • 48. Digital Innovation Contest: Fashion – Holition Winner: The Unseen http://seetheunseen.co.uk/
  • 49. Digital Innovation Contest: Clinical Excellence – Bupa Winner: Genix http://www.geneix.com/
  • 50. Current Open Creative & Digital Competitions Register for our Bi-weekly Newsletter http://www.ktn-uk.co.uk/subscribe-2/ http://www.slideshare.net/KnowledgeTransferNetwork/creative-digital-design-business-briefing-september-2015 + Monthly Slideshare
  • 51. Monthly Business Drop-in sessions 16 Sept Digital Catapult Centre, London: 17 Sept, Tech Hub, Swansea: ow.ly/RKIt6 ow.ly/QvKXP
  • 53. Callum Lee Director, BOP Consulting #createinnovfund
  • 54. —— Funding for innovation for creative enterprises Opportunities in Horizon 2020
  • 56. —— —— 56 Musikalsk -MEDEA @ Malmo University New ways to experience classical music Horizon 2020
  • 61. —— —— 61 Waag Society, Brunel University, Stromatolite Connecting ICT and Art Horizon 2020
  • 65. —— 65 The four types of “action” in Horizon 2020
  • 66. —— 66 Some calls of relevance – Leadership in Emerging Technologies Call Aims Likely contribution ICT20 – 2017: Tools for smart digital content in the creative industries To maximise the potential for re-use and re-purposing of all types of digital content EUR 0.5 – 1m ICT21 – 2016: Support technology transfer to the creative industries Support creative industries SMEs in leveraging emerging ICT technologies for the development of innovative products, tools, applications and services with high commercial potential. EUR 2m ICT22 – 2016: Technologies for Learning and Skills Innovation in digital learning EUR 2m ICT19 – 2017: Media and content convergence Make the best use of technology for reaching out to new audiences, adapting to the digital era and thriving in the connected Digital Single Market EUR 2 – 4m
  • 67. —— 67 More calls of relevance – Societal Challenges Theme Likely areas of interest Europe in a changing world - Inclusive, innovative and reflective societies ICT-enabled public sector innovation Digital cultural Heritage Dynamic urban futures CO-CREATION-2016/2017-6: Understanding co-creation in the public sector
  • 68. —— 68 EUR 50k 6 months EUR 1 – 2.5m 1 – 2 years
  • 69. —— 69 FP7 Winning proposals (2007 – 13) Your chances
  • 71. Patrick Towell, Chief Executive Golant Media Ventures #createinnovfund
  • 72. R&D tax credits Have you ever… • Solved complex technical or scientific challenges even though at the beginning you weren’t certain how? • Dealt with unexpected problems along the way? • Spent more time and money on it than you intended? • Needed to put in more effort and money to exploit what you learnt and get a return on investment? #createinnovfund
  • 73. R&D tax credits What do you need to do? • Have activities that are liable to corporation tax • Work out which costs you can legitimately claim – what HMRC will consider ‘proper’ R&D • Have your accountant submit each R&D tax claim as part of an annual return • Consider consulting lawyers if you have had other public funds or aid, such as SEIS or Innovate UK funding.
  • 74. Working session • Type of enterprise – Film/TV production – Digital production (games/TV/mobile) – Publishing (books/mags) – Major arts, culture, heritage – Smaller arts, culture, heritage – Ad/marketing agency – Food, fashion, or design – Public body • Target demographic – Children – Young people – Middle age – Older people • Market – UK – International • Type of content/data/technology • Revenue model • Current revenue • Stage of growth – Concept – Prototype – Early stage – Growth – Expansion • Funding already acquired
  • 75. Mandy Berry Chief Executive, Cinegi Founder Director, Golant Media Ventures #createinnovfund
  • 76. DIGITAL FILM DISTRIBUTION SERVICE ANY VENUE CAN BE A ‘CINEMA’ MANDY BERRY, CHIEF EXECUTIVE
  • 77. HOW IT WORKS • Filmed media rights management • Secure distribution • Web-based platform and desktop app • Download over public internet using standard broadband • No proprietary kit • Screening in full HD …“as easy as home entertainment” 77
  • 78. Film societies Village halls Arts centres Pubs/hotels Touring circuits Theatres Independent cinemas Colleges Community centres VENUES AND PROMOTERS OF ALL KINDS …AND MORE! Workplaces Tourist attractions High street pop-ups Festivals Outdoor public spaces Sports & leisure venues Social clubs, church halls VENUES/PROMOTERS
  • 79. CINEGI PLATFORM – B2B WEBSITE Catalogue – packaging, programming & booking Paperless box office & admissions reporting
  • 80. CINEGI PLATFORM – CINEGI PLAYER Download Manager In-venue Playout • As easy to use as a catch-up TV service • No special training required
  • 81. CINEGI IPE-BusinessSecuredigital delivery Brand IP Web application design & software IP Catalogue IP Customer database IP Media, metadata & collateral IP Player design & software IP
  • 82. DEVELOPMENT & FUNDING JOURNEY Public funding & corporate support 2011-12 VC Investment 2014 - Research into audiences and alternative venues - Business modelling for alternative content Public funding 2013 - Gap finance - Market analysis, product strategy, business planning - Management & administration resources - Platform & player built - Team in place - Initial content secured - Private beta in South West - Funding from public funders and commercial partners (no equity/rights taken) - Proof of concept – created technical, commercial & legal blueprint Innovation support all stages 2010-14 Digital R&D Fund for the Arts
  • 83. • Keep it simple • Be open • Partnerships • Leverage your funding • Tenacity 83 KEY SUCCESS FACTORS
  • 84. Tim Morgan CEO, Mint Digital Creative Europe Desk UK #createinnovfund
  • 86. One : About Mint Two : The Funding Journey Four : What didn’t work Three : What worked Five : Lessons Learned
  • 88. • Tesco • Goldman Sachs • Channel 4 • Benetton • Agatha Christie • Ipsos Mori • Speedo • BBC • About 100 others! • Fox • About 100 others! • Sticky9 • Boomf • DeskBeers • The Bathory • deskcamping • Projecteo • Picklive • TubeSocks • About 30 others! Client Services Ventures
  • 96. Crystallise learnings and insights Synthesis Meet users, show ideas, experiment Immersion 1 Cycle Create ideas and prototype them Design/Build
  • 97. Make a simple, seamless experience that people love, use and share Digital Product Development
  • 99. Putting food on the table Digital Product Development
  • 103. PROJECTEO Mini Instagram projector. $18,000 goal, $87,000 hit on Kickstarter. http://www.getprojecteo.com
  • 104. Mint Digital Product Development Studio Sold to Sports Millions June 2012 Techcrunch Europas: Highly Commended Sold to PhotoBox June 2013 Webby Honoree
  • 111. PROJECTEO Mini Instagram projector. $18,000 goal, $87,000 hit on Kickstarter. http://www.getprojecteo.com
  • 118. PROJECTEO Mini Instagram projector. $18,000 goal, $87,000 hit on Kickstarter. http://www.getprojecteo.com
  • 122. • Funding is not a business goal in itself. • You need room to make mistakes. • Great propositions get funded. • Crowdfunding is great but there are caveats. • Successful funding is a combination of great concepts, proofs and hard work. • It is fair. Lessons learned
  • 123. • “If a man can write a better book, preach a better sermon, or make a better mousetrap than his neighbor, though he build his house in the woods, the world will make a beaten path to his door.” Ralph Waldo Emerson
  • 125. Get in touch! Building resilience and agility • Innovation and realising opportunities from digital • Making new revenues, reaching new customers • Distribution strategy and organisational change Designing new products and services • Realising the full value of content & data • Devising new entertainment, cultural & information propositions • Developing creative, technical and business solutions Getting value from data • Making data a strategic asset • Using data to realise your creative and commercial ambitions Public funding and private financing • Securing funding from a mix of funders • Being investment ready – proposition & business model Patrick Towell patrick.towell@golantmediaventures www.golantmediaventures.com @golantmedia
  • 126. Thank you for attending!

Editor's Notes

  • #8: Not any innovation funding from ACE, BFI at the moment Move to more investment-based rather than just grant aid Looking to fund business growth and genuine sustainability – tax revenues, GVA, employment Focus on research and development – although public funders struggle to fund very near-market because of state aid rules – private funders want traction – so there’s a gap You need to know what business you want to run and what the underlying business model and value proposition – and not change this to suit others (don’t chase the money) It’s possible to slant your funding proposition towards different funders’ world views – technology innovation, content/information distribution, social impact It’s possible to package up different projects and different business units into discrete value propositions or discrete funded R&D portions Which all encourages and is enabled by thinking about what are your intangible assets, what are the valuable ideas and relationships, how are they defensible – which is IP and how protect Increasingly you need to combine public and private money – not just in creative and cultural sectors – leveraging one with the other Private investors getting more savvy about public money (enterprise support & R&D not grant aid focused on commercial enterprise) Public money getting more savvy about private money – London Co-Investment Fund, Growth Accelerator – dwindling public money, needs to leverage private investment Crowd funding creative cultural sector crowd reward-based – move to equity based Seedrs, Crowdcube Lots of different routes – difficult to know which way to go, what are the right routes different effort/risk/competencies/reward, quick/slow, which can you combine
  • #13: The service will continue to provide tailored business support to small and medium sized firms with the ambition and potential to grow. GrowthAccelerator, Manufacturing Advisory Service (MAS), Intellectual Property Audits and Design Mentoring will integrate to become the Business Growth Service. This service will bring growth businesses closer to existing Government services including: - UK Trade & Investment - UK Export Finance - Innovate UK (formerly Technology Strategy Board) - Local Growth Hubs
  • #48: Portal Entertainment is a digital entertainment company that blends writers, user experience, psychologists, and technologists all unified by one passion; to deliver what the future of storytelling will become. Winners of the rovi challenge to build an innovative and compelling search tool for people to use to download films.
  • #49: Wearable tech- challenge with Holition- open challenge around how a garment can be digitally enhanced – merging fashion- tech and magic! A luxury House, that integrates Biological chemical and Electronic technology into fashion through materials. Housing Alchemist Lauren Bowker, set up as a prophetic Materials House, to inspire generations of new designers, thinkers, innovators and scientists toward revolutionizing the aesthetic of technology. It was a concept
  • #50: BMJ and UCL- BNF data- Drug to drug as well as drug to gene reaction- working on algorhythms that will help doctors make better decisions- Digital health is a growing sector- watch this space for more funding from Innovate uk. Their power to tell a story.
  • #76: Don’t think need this slide
  • #77: Replace with postcard image
  • #83: Creative idea Founders passion in public benefit and commercial model Publicly funded project within a innovation agency Spun out – attracts private finance