By Dr Pam Waddell, Director of Birmingham Science City
There is less than one month to go until Venturefest West Midlands (http://www.venturefestwm.co.uk/) arrives back for the third year at the NEC in Birmingham on 27th June. Entrepreneurs, investors and innovators will meet, engage and exchange ideas for co-operation and collaboration, particularly in the fields of science and emerging technologies, at this free one-day event.
There is something for everybody across the West Midlands innovation community. Venturefest West Midlands is the perfect event if you are starting out with a new innovative business idea, if you want to take your business to the next level, if you are an investor looking for new opportunities of if you are seeking to work with or support innovative businesses.
With the aim of promoting business growth through innovation, the programme is packed full of inspiration, insights, advise and ample opportunities to meet and connect with potential investors, funders, customers, collaborators, business partners and support organisations.
We are particularly delighted to announce our two keynote speakers this year. The new Mayor of the West Midlands, Andy Street, will start the day off telling about his vision for the critical role of innovation in driving up productivity and transforming public services in the West Midlands. In the afternoon, we will hear the inspirational story of Phil Cleary’s idea that was turned into a profitable, multi-million pound international business, SmartWater Technology Limited.
Once again, Pitchfest (http://www.venturefestwm.co.uk/pitchfest) runs throughout the day, with local innovative businesses boosting their profile in front of a national audience of investors looking for the best new opportunities. Alongside this there will be lively debates and issue-led workshops. Over 30 speakers will discuss topics such as supply chain and demand-led innovation, finance for start-ups and scale ups, business journeys in different sectors, support and engagement opportunities with Catapults and Transport for West Midlands, and the implications of the West Midlands Science and Innovation Audit on local strategy and actions.
Throughout the day there is a Pitchfest innovation showcase and an exhibition including universities, funders, support bodies and more, as well as spaces to meet and talk. Venturefest is a highly valued regional event, led by Birmingham Science City, working with Innovate UK, business, universities, Catapult Centres, science parks, business support and professional services. We will all be there and look forward to listening, learning, meeting and sharing in a great day of connecting across the West Midlands innovative business community.
If you are involved in innovation, science, creativity and entrepreneurship, we invite you to join us at this fascinating free event – register now at http://www.venturefestwm.co.uk/registration
Dr David J Hardman
Chief Executive Officer, Innovation Birmingham & Chair of UKSPA
Over the last 50 years the success of science parks in the UK has largely been achieved through geographic aggregation of talent often with a sector focus; creating hot-spots of critical mass, which stimulate and accelerate innovation.
This model now faces historically unique drivers of change. Societal digital evolution, the blurring of sector boundaries, data becoming the focus of value and increasing urbanisation aligned with the ever-increasing rate of technology development and the associated challenge of ensuring availability of relevant skills means that arguably the 20th Century model of the science park is looking less fit-for-purpose.
It remains the case that innovation is stimulated by bringing creative minds together; but by putting the same type of people together all the time in the same places similar outcomes will be generated so stifling innovation. The advance of digital technologies is driving the blurring of sector boundaries but is also providing the opportunity to consider a new (4th) generation of science parks. In the new model innovators, entrepreneurs and businesses of all sizes connect to collaborate. It should also move us beyond what we would now consider to be our ‘tech’-based clients to include the creative sectors – beyond science and into the arts.
This challenges the ‘science park’ tag – a true innovation campus now needs to engage with the broadest possible mind-sets – the convergent scientists, technologists and business leaders working alongside and with the divergent minds of the creative artists. The move towards the 24/7 urban live-work-play culture means that city-based and integrated innovation campuses will become the real sites of innovation.
The social evolution that has influenced the lives of tomorrow’s entrepreneurs leads them to readily accept a non-spatial definition of ‘place’ as one driven by a sense of belonging, a sense of ‘place’, not a geographically bounded location. Hence, ‘GenZ’ entrepreneurs will naturally look beyond their locations in their working lives and the very nature of science parks will need to keep pace with these changes to ensure they meet the needs and work patterns of their future clients.
The future effectiveness of these ‘places’ will be determined by the availability, quality and efficiency of the web infrastructure serving the location; in turn the web infrastructure will determine the strength of affiliated digital communities and that will determine the pace of innovation. It is with this outlook that we have developed a strategic plan for what was Aston Science Park and created the Innovation Birmingham Campus.
Innovation Birmingham’s aim is to work within Birmingham’s city centre to address the needs of Greater Birmingham’s knowledge-based economy. It is based on a belief that the lives of Greater Birmingham’s citizens will be improved considerably by catalysing the connections, communication and collaboration between digitally-driven start-ups, corporations, the public sector, academia and the city’s inhabitants. Innovation Birmingham orchestrates a connected innovation community through the provision of facilities linked to its 30 Gig/s web infrastructure. We aim to catalyse digital entrepreneurship through an accelerator, two incubator programmes and a community of digital businesses, through technology and demand-led innovation.
There are currently over 150 businesses, employing 1,100 people, located in the three buildings on the Innovation Birmingham Campus. The connected real-estate ethos has been embodied in the design, delivery and now operation of the new iCentrum® building which opened in April 2016. The building has been designed to promote community dynamics, striking a balance between order and chaos with a proactive and energetic management catalysing interaction. A physical community is connected to the citizens and business community of Birmingham across all sectors through an active meeting and events programme.
Through this ‘without walls’ strategy Innovation Birmingham looks to empower borderless innovation by engaging digital champions and communicators in globally connected local debates to overcome local limiting factors on growth in Birmingham’s knowledge economy.
The metrics suggest that science parks do not apparently achieve their full catalytic potential in terms of GDP impact. Arguably, in part this is because few of them have exploited the whole opportunity offered by global, even regional/local exchange, collaboration, partnerships and resource sharing. Stakeholder requirements and cultural differences have prevented the development of powerful and sustainable alliances. It is our contention that an alliance of trusted interconnected centres with common interests and requirements around knowledge economy-led regeneration is the way forward; indeed may become essential in a post Brexit world where Public sector financial support becomes even more scarce.
Innovation Birmingham is a founding member of Cisco’s National Virtual Incubator network, which currently links seven centres across the UK utilising the latest video collaboration technology to promote connected collaboration; we also have agreements with the DMZ incubator in Toronto. Whilst more needs to be done to develop and expand on these initial linkages, they exemplify the concept of an alliance of centres of innovation.
Innovation Birmingham operates the Innovation Birmingham Campus, but it is a Knowledge Economy business. Whilst our main income is generated from property, business success is driven by the continued development and support of a thriving creative community of collaborating entrepreneurs and innovators; based on the campus, integrated into the city and connected to world.
As we continue to develop our strategy, with three further buildings planned – the first to be started in 2017 with pre-lets confirmed – the Board of Innovation Birmingham and Birmingham City Council are actively seeking investment in exchange for equity to support the continued development of Innovation Birmingham and the Campus as a next generation innovation community. For those interested in the further development of this alliance model, we would be keen to open a dialogue. We are also keen to explore means of providing ready access to early stage and growth venture capital to accelerate the growth of our clients.