Innovation Toolkit

1
Innovation Toolkit

• Emma Drever
• Greater London Enterprise
• 31st January 2006

2
What is Innovation?

• Businesses involved in the commercial
  exploitation of new ideas
• Products and processes
• Public policy can be innovative
• Innovation as a tool for regeneration

3
What is the innovation toolkit?

• Analysis of barriers and opportunities
• Case studies
• Top tips

4
Analysis of barriers

• Poor infrastructure
• Problems accessing finance
• Lack of interchange between businesses
• Human resource deficiencies
• Poor linkages between knowledge resources and
  businesses

5
Analysis of Opportunities

• Social innovation
• Capitalising on diversity

6
Case Studies

• Jump Start Inspire
• Creative Hubs
• Hidden Art Network
• The Innovatory
• Access to Finance

7
The Innovatory

• sdfsfds

8
The Innovatory

• dgdg

9
Top Tips

• For example
• Working with partners
• Ensuring effective delivery
• Targeting hard-to-reach groups
• Engaging the private sector

10
How can you help?

• What does innovation mean in your local area?
• Analysis of barriers and opportunities
• Providing case studies
• Suggesting top tips

11
Discussion - Innovation

• How do you understand the concept of innovation
  in your local area?
• Do you think innovation (e.g. attracting
  innovative SMEs) can be used as a means to
  regeneration in your local area?

12
Discussion Barriers and Opportunities

• Do you agree with the barriers and opportunities
  that have been identified by the LNET partners?
  Are they applicable to your local area?
• What are the barriers to innovation/ innovative
  SMEs in your local area?
• What are the opportunities to innovate in your
  local area?

13
Discussion - Case Studies

• Are you aware of any policy initiatives that
  promote innovation/innovative SMEs in London?
• Jump Start Connect
• Global Gateway to Trade
• Local Enterprise Growth Initiatives
• Creative Hubs

14
Discussion - Case Studies

• What barriers to innovation does your initiative
  aim to tackle?
• What local opportunities does your initiative
  build on?
• Has your initiative been successful? What are the
  strengths/weaknesses of your initiative?
• Is your initiative transferable? What elements
  result purely from local circumstances?
• How are you measuring the success of your
  initiative?

15
Discussion Top Tips

• Working with partners?
• Effective delivery?
• Reaching hard-to-reach groups?
• Engaging the private sector?
• Raising finance?