Derisking Innovation - a new way of creating or finding innovation - an IET webinar you must not miss

The Innovation Management TN is delivering an important webinar on 6th November which offers a unique approach to creating innovation and de-risking the process.   

If you need the benefits of innovation in your organisation, have an ideal you want to turn into a financeable project or start-up, or just lack the ingredients to make it happen but need the benefits of innovation - this is for you.   

On the 6th Nov at 12.00 I will introduce the dereiking theme based on my experience in VC and introduce the Data Sheet Engineering Open Source downloadable tool which make a major difference to commercial outcomes and removes several major risks . 

We have two inspiring guest speakers - Joe Pearce from SetSquared, the leading incubator of university-associated start-ups and Shivaun Meehan of NCUB/ Konfer, the open source game changing database which can connect you to UK companies and the whole UK university network and its researchers and assets.   This has more ways of being useful than I can list here. Join us and see how you can do this.

We will show you how you can capture the benefits of innovation without the hard work, derisk the innovation which you are embarked upon, or make a better case for a project which has yet to start..  Case studies will demonstrate that this derisking process works. This free webinar has downloadable open source tools and  databases to offer so do not miss it!  Gift horse event.

https://events.theiet.org/events/de-risking-innovation-a-practical-new-approach/  Register now

Dr Mark Scibor-Rylski FIET  

Committee Member of the Innovation Management TN

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  • It would be interesting to know how much actual use is being made of Konfer, and what kind of success metrics there are, such as number of collaborations and how successful they are and have been.  Connecting companies to universities has always been difficult, especially for small (companies (SMEs), and is a problem that, in my view, has yet to be solved satisfactorily / adequately.

    Virtually every university has an enterprise office to connect with industry, yet I still do not hear people saying that it was easy to connect and work with the right experts within one.

  • Hi Deepak,

    As it happens, at almost exactly the moment you posted I was discussing this issue with a former university contact of mine who is now an industry contact of mine (it's not unconnected to your point that they recently decided to leave academia after 20 years). Certainly having better communication paths for finding the right academic research specialists to support industry needs is really useful - historically I've found it very challenging to contact the right people, you're sure there must be someone with a research interest in your field but finding them can be a nightmare. And even the best enterprise office (my local university used to have a fantastic one back when I was managing an R&D department) aren't technical experts, so are very reliant on senior academics being open to pointing them in the right direction. Given inter-departmental rivalry (including perfectly understandable fighting for funding), I've sadly seen  the situation where completely the wrong department takes a project on, as they see no benefit in signposting the enterprise office to the correct team.

    Which I guess begs the question of any database being only as good as the data fed into it? 

    However, my experience is, as you suggest, that is only the start of the problem - the real challenge is meeting the often completely differing priorities of the industry team and the academic team. (Particularly regarding timescales in my experience!) I have not yet met an academic team that genuinely works like a consultancy: "you give us x thousand pounds, we'll give you y hours of expertise in z timeframe". And fair enough, that's not how universities are (generally) set up. But it is what industry is looking for. It would be so valuable for everyone involved (including the wider world) if we could resolve that one.

    An extreme case has come up a couple of times since I moved into consultancy of being approached by universities with the question "would you like to contribute to our research?" And when we've shown an interest - because in principle we do like being involved in original research - the next question they ask is "how much would you be happy to pay us to do it?" We then gently have to explain that's not how this works...that we will contribute our expertise if someone gives us money, not the other way around. The very fact that these approaches have happened more than once is perhaps quite revealing of something or other. 

    Thanks,

    Andy

  • Hi Andy,

    I feel your pain!

    Well said.

    Fully agree about the garbage in - garbage out.  What gives me some (small) hope of optimism, is that platforms like Konfer exist that are seeking to solve this problem of fiding the right collaborative university/academic.  hence I am keen on understanding how successful it is / may be.

    In my view, the broader problem is not so much how good a database is, or perhaps even how good the research and enterprise office is, but rather the ethos and mindset of universities / academics, who wish and need to bring in research funds ... to support their KPIs, e.g., impact and REF.  Whilst I have no problem with that at all (I used to work in an R&E office), where universities may fall down / short of expectations is that they, in general (and I mean in general) lack some commercial and business experience and expertise.

    Apologies that the above is less cohesive than it should be ... but I wished to respond quickly before I got sucked into lots of other (fee-paying!) work.

Reply
  • Hi Andy,

    I feel your pain!

    Well said.

    Fully agree about the garbage in - garbage out.  What gives me some (small) hope of optimism, is that platforms like Konfer exist that are seeking to solve this problem of fiding the right collaborative university/academic.  hence I am keen on understanding how successful it is / may be.

    In my view, the broader problem is not so much how good a database is, or perhaps even how good the research and enterprise office is, but rather the ethos and mindset of universities / academics, who wish and need to bring in research funds ... to support their KPIs, e.g., impact and REF.  Whilst I have no problem with that at all (I used to work in an R&E office), where universities may fall down / short of expectations is that they, in general (and I mean in general) lack some commercial and business experience and expertise.

    Apologies that the above is less cohesive than it should be ... but I wished to respond quickly before I got sucked into lots of other (fee-paying!) work.

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