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Driving Innovation
TSB Energy Activity & the Research Base
Research Councils Energy Programme
Strategy Fellowship Workshop
Feb 2013
• What we do and why • TSB energy strategy for 2012 – 2015
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Driving Innovation
Our goal:
to accelerate economic growth by stimulating and supporting business-led innovation
We are the UK innovation agency
– Funded by BIS
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Driving Innovation
We aim to...
• Accelerate the journey from concept to commercialisation
• Invest in thematic priority areas• Connect the innovation landscape• Turn government action into business
opportunity• Continuously improve...
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Driving Innovation
Thematic Programme Budget to 2014/15
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Driving Innovation
In practice, what does that mean?
• We listen to business.• We figure out what’s stopping innovation from
happening and intervene.• We pick out links and patterns from a mass of
complexity, uncertainty, potential, opportunity, opinion, politics and commerce.
• We join people up– Business to Business – Business to Research
• We aim to add value that others can’t or don’t.
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Driving Innovation
Collaborative R&D
Smart
Launchpad
Innovation Vouchers
Feasibility studies
Entrepreneur Missions
And we use a range of ‘keys’ to unlock innovation
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Driving Innovation
Collaborative R&D
Innovation Vouchers
And some are designed to help make best use of working with the research base.
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Driving Innovation
Examples of Research Base collaboration in energy• CR&D: Monopiling technology
demo at EMEC:– Exeter University key partner in project
led by Bauer Renewables
• KTP cohorts development– Nuclear– Offshore Renewables – Power Electronics for Energy
• Innovation Vouchers now open for energy.
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Driving Innovation
New strategy published recently...
• Defining our priorities in to 2015• What we are trying to achieve• What we will target• How we will go about it
• Plus case studies,
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Driving Innovation
A brief synopsis....
• Energy underpins every aspect of our lives.• The energy system needs major change to address
the energy trilemma
• We believe that this change provides opportunity for UK business
• Our role is to translate that opportunity and stimulate innovation that maximises economic benefit.
Affordable
Secure
Sustainable
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Driving Innovation
Or....
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Driving Innovation
Three Strategy Pillars:
1. Develop affordable and secure sources of energy supply that also reduce GHG emissions
2. Integration of future demand and energy supply into a flexible, secure and resilient energy system
3. Reduce GHG emissions at point of use
And working with our partners across the Low Carbon Innovation Coordination Group (LCICG) in delivery
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Driving Innovation
Affordable and secure sources of energy which also reduce GHG emissions....
The ‘foundation pillar’
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Driving Innovation
Integrating demand and supply into a flexible, secure and resilient energy system...
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Driving Innovation
Reducing emissions at point of use
Find it at www.innovateuk.org
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Driving Innovation
Where our money went (in 2011)