Author: Peter Crane

Recap on The Innovation Forum network 2016 and what’s next for 2017?

2016 was a fantastic year for the global not-for-profit: the Innovation Forum. As a grassroots network of ~150 associates we managed to hold over 40 events across the globe, run an Accelerator that attracted close to 300 applicants and a global conference that peaked this year at over 600 attendees. In this post, I’ll run over some of the 2016 achievements from my own personal viewpoint and hint at some of the big initiatives we have planned for 2017.

1. Global Conference “IF2016” [Cambridge, September 2016]

In September 2016, we held the third annual instalment of our flagship global conference in the historic city of Cambridge (UK). At the conference over~600 scientists, young researchers, entrepreneurs, industry professionals and investors were delighted by panels, keynotes and workshops featuring industry and political heavyweights such as: Professor Patrick Vallance (President R&D GSK), Jorg Debatin (VP & CTO GE Healthcare) and Markku Markkula (President of the European Committee of the Regions). Furthermore, the conference also contained the finals of the global accelerator and saw delegates from over 30 countries in attendance.

 

2. Pitch at the Paras [Brazil, September 2016]

In September 2016, the Innovation Forum co-organised “Pitch at the Paras” with the fantastic team at DIT (UKTI Pre-Brexit) Brazil. At this event UK companies in accessible technology took part in a week long trade mission; which, also featured a Paralympics themed pitching event. As part of this programme, the invited companies held meetings with companies, the media and potential customers across Rio and Sau Paulo. Furthermore, the pitching event held at the UK Paralympic House featured the CEO of UKTI, British Ambassador to Brazil, HRH Prince Edward, several Brazilian celebs., senior representatives from the Brazilian and British business communities, a multitude of medal winning Paralympians and of course the fabulous selected companies. The selected companies were: Walk with Path, Give Vision, Carbon Black, Active Hands Company and Open Bionics.

The winning team as selected by our esteemed judges was Open Bionics.

 

3. Thought leadership blog pieces to inform and guide the early stage community

This past year we have published numerous articles on our website, both an innovator of the month and also high level interviews. My particular favourite (mainly as I did it), was this fantastic interview we did with Neil Woodford of the Woodford Investment Management on the early stage community. It’s fascinating to hear from industry leaders and to know that as an early career researcher opinions and policies are changing in favour of entrepreneurs (away from business being a dirty word in academia).

4. Bio-Europe Autumn [Cologne, November 2016]

In November 2016, Innovation Forum was invited by the EBD group to participate in the organisation and judging of the “Start-up Slam” competition held as part of Bio-Europe Cologne. Working with the EBD group and Johnson & Johnson Innovation, we sourced the top entrants and then judged them in over 2 hours of rapid fire back to back pitches. The winning team, EpiAxis Therapeutics from Australia, walked away with an extensive mentorship package from the lead sponsor and organiser, Johnson & Johnson Innovation.

5. IMAGINE IF! 2016 [Global, May-September 2016]

In 2016, Innovation Forum unveiled its expanded IMAGINE IF! Accelerator 2016. Unlike other business plan/accelerator competitions, this programme was open to technology from any area of Deep Science or Technology (startups that are founded on a true technological innovation or scientific discovery). We received over 300+ applicants, from across our global network and held regional (preselection) IMAGINE IF! finals in: Hong Kong, Lausanne, Munich, Oxford, Barcelona, London, Cambridge and Krakow. In total, we received applications in the following areas: 15% digital health, 13% platform tech, 12% diagnostics, 12% medical devices, 9% cleantech, 8% therapeutics and 31% other/convergent technologies. From this we selected a global top 50 and following some electronic mentorship, a top 15 to pitch at the finals.

After an exhaustive process and over 2 hours of live pitching at the global finals (held as part of the global conference 2016 in Cambridge), NG SAFE was selected as our winner. NG SAFE was presented with $30,000 USD of non-dilutive funding to help develop their idea company further.

We would like to thank our judges: Ann Connolly (Johnson & Johnson Innovation), Claire Brown (Biocity), Kieran Murphy (GE Healthcare), Antony Mattessich (Mundipharma) and Sarah Haywood (Medcity). We would also like to thank all our sponsors especially Johnson &Johnson Innovation who supported both this conference and accelerator at the global level.

6. An increased focus on Innovation in China

As I have previously referenced in previous posts and publications, it is my personal belief that Asia (and in-particular China) is going to be the hotbed of global Innovation in the next 20-30 years. This year we have seen 5 hugely successful Innovation Forum Hong Kong events both in HK and Shenzhen, focused on this very issue “How can entrepreneurs take advantage of the opportunities in the Chinese mainland and HK”. I have been very fortunate to be at the forefront of some of these discussions and was blown away by developments during a trip to ChinaBio (in Suzhou), an invited trip on tech entrepreneurship to Beijing (with IMAGINE IF! co-coordinator Thomas Bray, see below) and on several visits to Shenzhen/HK. I was also fortunate enough to talk at an IFHK & HKVCA association event on finding funding for start-ups in HK. Innovation Forum is at the forefront of China-UK Innovation interactions and works with partners across all geographies.

The Innovation Forum HK team with speakers from the local start-up community and HKVCA.

 

A tech entrepreneurs boot-camp in Beijing included insightful visits to leading Chinese technology firms; Western firms should be worried by the quantity and quality of Innovation now emerging from these industry leaders!

 

7. Quality local events across our network

Having had over 40 events across our network this past year, it is incredibly difficult to single out any for particular praise as they have all been of such high quality. That said, one I attended personally (and that was on my home patch of Oxford) and that I particularly enjoyed was on Immunotherapy. At this event over 300 attendees came to hear talks from executives from Autolus, Immunocore, MedImmune, Woodford Investment Management and Oxford University. The event also succeeded in bringing together investors, practising clinicians, academics, students and industry professionals – a rare feat even in Oxford!

 8. Acknowledgements to our global network of 150 associates [local teams]

At the Innovation Forum we are a true global network of passionate young researchers and entrepreneurs working to change the world through ideas. The highlights above reflect the hard work of over 150 people from our local teams running events and raising sponsorship, the conference team (Helen, Ting, Alex), the accelerator team (Tom) and also the global team (Marek, Bauke, Manuel, Karolina, Enni, Alex, Ajoeb). The highlights presented here are just the ones I have been personally involved with and would be different for everyone person in every branch.

We also wouldn’t be anywhere without our supporters, mentors and partners.We have partnered with many fantastic organisations over the years and this continues to this day. I have also worked closely with Johnson & Johnson Innovation (a founding partner), Immunocore, GJ (a founding partner), Vistra (a founding partner), IMS Health, the super team at UKTI (DIT), Penningtons Manches LLP, the investor relations team at Woodford Investment Management LLP, the EBD group, Biocity, Oxford University and Cambridge University to help bring some of the ideas above to fruition and again appreciate their support. We of course have numerous other sponsors and supporters; however this is just a highlight of my personal experiences.

What’s next for 2017?

  • Our IMAGINE IF! Accelerator is relaunching in a few months time (Spring 2017), except this time expect a bigger prize, expanded mentorship and more locations (let’s try 4-5 continents).
  • Our global conference is back at the slightly latter date of the 4th-5th of December 2017, but now in a new mystery location (actually just Oxford).
  • We are also working closely with our partners to deliver some bespoke new initiatives that will be publicised in the near future.
  • Finally, keep your eyes peeled to our website we have some great events coming up in February including Cleantech in London and Tom Hulme from GV (Google Ventures) in Oxford.

Innovation: A view from the top

In the past, it was often the case that a scientific career in start-ups or business was viewed as secondary to one in academia. In the past few years this mentality has thankfully begun to change. With great science being done by truly innovative founders & companies across the UK, an increased focus from central university divisions on research translation and new university specific funds such as OSI – the mood has changed for the better!

Organisations such as the Innovation Forum, Stevenage Bioscience catalyst and others strive to break-down barriers between academia, industry and the investment community; helping to accelerate the development of great science back start-ups. Dr. Nuno Alves, an Innovation Forum and now SBC Business Developer comments on this “The rise of Open Innovation has brought us more of the familiar forms of collaboration, such as industry-funded PhDs, and a whole raft of new methods of collaboration that would never have been considered just a few years ago. These include open innovation challenges, multi-pharma consortia that share pre-competitive information, open data initiatives – and of course SBC, the UK’s first biomedical open innovation campus. The UK is known for producing excellent academic research but still struggles to translate that research into a commercial product. A change of mentalities, infrastructures and direction of investment are key factors that contribute for the success of new exciting companies in the Life Science sector“.

At the Innovation Forum, we are always keen to engage with all members of the scientific ecosystem who share our vision: “To make the translation of science such a normal and accepted thing; that your peers would be asking why as a young researcher you aren’t doing it!”

In this exclusive interview for Innovation Forum, Neil Woodford, the Chief Investment Officer and Founder of Woodford Equity Income Fund and the Woodford Patient Capital trust, offers some hope to early stage scientists that things have and are still getting better for UK scientists interested in science commercialisation. He also outlines some of the trends that he sees breaking through in the next few years.

The Innovation Forum is a global, not-for-profit, interdisciplinary network of over 10,000 researchers, industry leaders and entrepreneurs. It aims to connect academia, industry and policy makers to accelerate technology development. It holds an annual deep science  accelerator; a global conference in Cambridge (UK) and events across its global network of 16 branches.

To find out more and to attend the conference on the 21st – 22nd of September please visit here: inno-forum.org/conference/

Innovation Forum and Accessible Tech at the Paralympics

The Department for International Trade (DIT) along with Innovation Forum are pleased to announce the results of the Pitch at the Paras competition. This jointly organised competition will see the top-5 teams flying to the Paralympics in Rio and at the British House during the Paralympics,  presenting their innovative solutions to people with disabilities and a VIP panel of Judges. The top 5 teams are:

  1. Carbon Black carbonblacksystem.com
  2. GiveVision give-vision.com 
  3. Open Bionics openbionics.com 
  4. The Active Hands Company activehands.com 
  5. Walk with Path Ltd walkwithpath.com

The event represents an opportunity for some of the most innovative UK companies in the emerging area of accessible technology to showcase their innovations to potential customers, importers and investors; as well as showcasing the best of British Innovation to the world. More details and a full write-up to follow after the showcase in Rio!

 

About DIT Brazil

Department for International Trade (DIT) helps UK-based companies succeed in the global economy. It also helps overseas companies bring their high-quality investment to the UK’s dynamic economy.

 

About British House

British House will be a home away from home, where Paralympics GB’s performances will be celebrated and London and Great Britain showcased to the world.

British House will be a celebration of the best of Britain during the Rio 2016 Paralympic Games, from Paralympics GB sporting excellence through to its business, culture, and its capital city, London.

Situated at the Shopping Metropolitano in the Barra area and only 2km to the Olympic Park, British House has stunning views from the terrace to the Olympic Park.

 

About us

The Innovation Forum is a global grassroots network of over 10,000 innovators and scientists that seeks to build bridges between industry, academia and government. We are focused on the future and the evolution of deep technologies, which range from the nascent stage to those on the cusp of commercial application. We run events across the world, an international leaders conference and an seed ventures accelerator.

Our stand out global event is the flagship “Leaders Conference 2016”. This event being held on the 21st-22nd of September, 2016 in Cambridge (UK) brings together over 500 CEOs, investors, students and start-ups for 2 days of science based entrepreneurism.

For more info and to get your ticket please visit: https://inno-forum.org/conference/