Driving innovation in the UK through collaboration and the Industrial Strategy

Yossie Olaleye from the School of Business, Economics and Informatics reports on a recent conference at the Birkbeck Centre for Innovation Management Research (CIMR) on the UK’s Industrial Strategy.

Innovation and technological advancement lie at the heart of industrialisation. In November 2017, the Department for Business, Energy & Industrial Strategy (BEIS) published the UK government’s Industrial Strategy White Paper, which presents a ‘modern’ long-term plan to boost productivity across the country through innovation, infrastructure development, and collaboration. The Industrial Strategy focuses on the 5 foundations of productivity – ideas, people, infrastructure, business environment, and places – and the government hopes to encourage collaboration with industry, academia, and civil society to create an economy that works for everyone.

Various questions emerged from the debate around the white paper, including how the government will support science and innovation research, and how to drive growth and local inclusion across the country. These questions formed the basis of the all-day workshop on Innovation and the UK’s Industrial Strategy hosted by Birkbeck’s Centre for Innovation Management Research (CIMR) on 23 March 2018. The event brought together a group of policymakers, including Paul Drabwell, Deputy Director of Science Research & Innovation and Dr Rosa Fernandez, Economic Adviser on Local Business Growth at BEIS, industry experts such as Professor Birgitte Andersen, CEO of Big Innovation Centre, and renowned UK academics who travelled from Kent, Oxford and Sheffield to share their latest research and comparative perspectives on the Industrial Strategy.

The objective of the workshop was to explore the trends that led to the formulation of the Industrial Strategy, and the possible outcomes of implementing the Grand Challenges outlined in the white paper, focusing on innovation, collaboration, and local partnerships. While the workshop dealt with several topics, including the impact of Brexit on achieving the strategy’s outcomes, presented by Birkbeck’s Professor Klaus Nielsen, two key themes stood out: local, regional and national engagement to deliver on economic opportunities, and driving innovation through digital skills development.

Paul Drabwell opened the workshop by emphasising the government’s commitment to increase R&D spending to 2.4% of GDP by 2027. He said that the UK “has world-leading science research, excellent universities, and innovative companies,” and it is these strengths that will drive the implementation of the strategy. Increased R&D funding will enable UK universities to continue to excel in international league tables, collaborate more with industry partners, and encourage innovation across the country, a theme which runs throughout the Industrial Strategy. Despite the UK’s strengths, Paul Drabwell noted that there are issues around local engagement in the country, which means that there is a crucial need to drive productivity and maintain a high level of employment. This is a challenge the government hopes to resolve through the £1.7 billion Transforming Cities Fund to improve intra-city transport links and promote local growth within city regions. Dr Rosa Fernandez expanded on this point with a presentation on the role of place in the Industrial Strategy, highlighting that the UK government intends to build on local strengths to tackle the issue of poor distribution of economic activity across the country.

A key question at the workshop was the role of research and the UK’s academic institutions in delivering the possible outcomes of the Industrial Strategy. We heard from Dr Keith Smith at Imperial College London who discussed the need for multinational collaboration to deal with innovation challenges across different industries, and Birkbeck’s Professor Helen Lawton Smith who presented research on the importance of local enterprise partnerships (LEPs) in addressing the challenge of regional inequality in the country. Professor Jeremy Howells from the University of Kent and Professor Tim Vorley from the University of Sheffield focused their presentations on the potential for business schools to convene and work with other social science schools to create solutions for the challenges of productivity and job creation discussed in the white paper.

The takeaway from this workshop was that collaboration – from government, industry, universities, and local communities – is essential if we are to achieve the ambitious objectives of the Industrial Strategy, as well as greater investment in research and innovation to support skills development.

One notable example of such collaboration is the Institute of Coding (IoC), which was announced by Prime Minister Theresa May at the World Economic Forum 2018. Birkbeck is a partner in a consortium of over 60 universities, businesses such as IBM and Microsoft, and professional bodies, to tackle the digital skills gap in the UK through the IoC. By bringing together such diverse perspectives, the CIMR workshop stimulated debate and provided useful suggestions for how academics can work effectively with business leaders and the government to drive innovation in the UK through research collaboration and meaningful partnerships.

Many thanks to all who participated and attended the workshop.

Organisers: Professor Helen Lawton Smith, Professor Klaus Nielsen, Professor Jeremy Howells, and Dr Rupert Waters.

Further speakers:

  • Professor Sharmistha Bagchi-Sen, State University of New York
  • Professor Åsa Lindholm Dahlstrand, Lund University
  • Dr Alexander Grous, London School of Economics and Political Science
  • Dr Carl Hunter, CEO & Managing Director, Coltraco Ultrasonics Limited
  • Professor Ewart Keep, SKOPE, Oxford University Skills
  • Professor Slavo Radosevic, University College London
  • Professor Roy Sandbach, Northumbria University

Further information:

 

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Birbeck’s day out with the London Venture Crawl

Jenna Davies leads the extracurricular Enterprise activities at Birkbeck and recently took a group of students on the London Venture Crawl, an event aimed at connecting them with businesses and experts.

Wednesday 14 March saw a group of entrepreneurial students from Birkbeck join an event that was unlike any other; six double-decker buses, nine London Universities and over 200 students made up the London Venture Crawl and celebrated everything the city offers to budding entrepreneurs.

Birkbeck teamed up with University of the Arts and the University of East London and transported students to a range of enterprising spaces around the capital to inspire them to pursue their start-up ventures, meet successful entrepreneurs along the way and ultimately check out a snapshot of what London offers on the start-up scene.

The day started bright and early with students ready for the first stop of the day at Campus London, a Google space in Shoreditch. Hearing from Creative Entrepreneurs, an innovative community of creative individuals, the group woke up and boarded the double decker bus that was to be their mode of transport for the day.

On board, they were greeted by serial social entrepreneur Benjamin Western, Co-Founder of Gaggle and indiGO Volunteers to pump them up for the rest of the journey.

The second stop was at Amazon Fashion, catering nicely for the group as they got an insight into the impressive warehouse where all of Amazon’s fashion items go for checking, photographing and packing. A panel discussion with the top operators gave a glimpse into life at the leading online retailer.

Third stop of the day took the group to Grant Thornton, after hearing from their Head of Growth Finance, Sarah Abrahams. Lunch was served and the students met Crate Brewery Founder Tom Seaton who shared his story starting up Hackney’s well-known venue.

The venture continued on to Hello Fresh, the extremely impressive and relatively new organisation that saw its revenues grow from €2.3m in 2012 to €304m in 2015 – here the students met some of the key players at their London hub and toured the quirky space.

The penultimate stop for the group was Innovation Warehouse, a co-working space and community for digital high-growth start-ups. The students were able to hear from the founder Ami Shpiro along with some of the entrepreneurs within the community.

The final stop brought all six buses together where students from across the nine universities to could network over a pizza and beverage while hearing from the inspiring Lawrence Kemball-Cook, founder and CEO of Pavegen, as well as take part in the cross-bus pitching competition. Birkbeck stormed through to the final, with Business Innovation student Bobette Kenge rounding off the day on a high and ending what was an extremely eventful, inspiring event for everyone involved.

Birkbeck Business & French student Jennifer said: “The Plexal building was fantastic, the talk at Grant Thornton with the Founder of Crate Brewery was great and gave an insight into the different types of investments, investors and how it all works, and Amazon Fashion was heaven to me! I would love to come to a similar event again and meet more people.”

This was an incredible opportunity for our students to network with a huge range of fellow London students, plus receive invaluable advice from the speakers throughout the day. The energetic atmosphere lasted right to the end of the day and was fantastic to see.

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Fixing the economy: rebuilding macroeconomics

First year BSc Economics student Lydia Evans provides a recap of an event organised by Birkbeck’s Economics + Finance Society, at which Dr Angus Armstrong introduced the new research network he directs.

The story is infamous: the Queen visits the London School of Economics and asks why no one saw the recent global financial crisis coming. Angus Armstrong believes that it’s not that people didn’t see a catastrophe on the horizon, “it’s that the institutions almost didn’t want to listen to them”. Raghuram Rajan, Joseph Stiglitz and others attempted to warn the world that a seismic shock was going to take place. The main question is how have we moved forward? Armstrong thinks that the financial world has not, it continues to choose willful ignorance. He directs a new network that wants to re-evaluate the entrenched economic models and the collective consciousness of those who use them.

Rebuilding Macroeconomics, a network of economists and academics, are attempting research that is disruptive, not immune to failure but genuinely independent to ask uncomfortable questions. The key to the efficacy of this research is how it is sourced. The network’s blueprint is set out as three tributaries: Discovery Meetings, Research Hubs, and Pilot Projects. Discovery Meetings are notable for their inclusivity. They seek to attract people from all backgrounds to discuss the most important macroeconomic questions. These discussions lead to fresh insights and methodologies to be examined by policy-makers and scholars in the Research Hubs. The most promising ideas turn into pilot projects. The network is funded by the Economic and Social Research Council and hosted by the National Institute of Economic and Social Research.

Does the UK really need such reformatory research? He finds something “profoundly wrong” when a country as rich as the UK requires food banks to feed some of its population. Government debt is 90% of GDP. The Bank of England is only able to claim pyrrhic victories. It may hit its inflation target but other economic measures are in turmoil. Mark Carney has himself confessed that 95% of the movement in interest rates is determined by international events.  Current interest rates may not be what the UK actually needs them to be. Armstrong feels that the established institutions are reliant upon Knut Wicksell’s Rocking Horse. Whatever the instability, the assumption is that the status quo will always return. This is no longer the reality and nothing has been done about it. The failure is intellectual, not regulatory, and economists must be brave enough to confront the zeitgeist.

When Armstrong returned from study in America and expressed his wish to research financial crises, he was told that these were a problem only for the developing world. He mentions a new paper in the Journal of Economic Perspectives, considering how those who disagree with the mainstream in Economics are labelled dilettantes. Is the discipline consumed by an ill-conceived adherence to orthodoxy? Not all new ideas are worthy but it’s difficult to ignore a belligerent spirit against outliers. Whatever the future holds, Armstrong is not alone in arguing that the existing economic paradigm must urgently be confronted.

Further information

 

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Knowledge without borders

Baroness Bakewell, President of Birkbeck, addresses the College’s newest graduates as she congratulates them on their achievements during Graduation Week.

In her speech, she emphasises that the upheavals of a changing world and the UK’s withdrawal from the European Union should not be allowed to stand in the way of knowledge-sharing and education, and how our new graduates can help to break down borders.

It is always a great pleasure to be with you here and offer my congratulations to you on your success. This is a day you will always remember; a watershed in your lives, your careers, that will have a lasting influence on how you live your future life – where you go, what you do and. most importantly, what satisfaction it brings you.

When I look out across a sea of faces and listen to your names, I am impressed by the range and diversity of our graduates. As for your names – you may notice that I try to catch the first name of each of you as I meet you as you cross the platform. That’s because each of you matters individually to Birkbeck. It’s not always easy; I can’t always get it right. There are some names that are not familiar to my own background in the north of England. But even as I hesitate in my wish to get it right, I take pleasure in knowing what a global reach Birkbeck has. I am always delighted to speak with those of you from places across the world. Birkbeck embraces you within its academic fold. And that goes too for my fellow Europeans.

Indeed, I want to say something more about this sense of belonging and the barriers that inhibit it. These are troubled times, when matters of identity – who you are and where you came from – are increasingly used to define and, indeed, restrict what you can do, where you can work and where you can make your home. The whole of Europe – and indeed the larger world – has a long history of men who drew lines on maps and made laws giving power to those lines. We are the inheritors of those maps, and we both thrive and suffer because of them. Not just in Europe but across the Middle East, Africa, the Indian subcontinent, the Americas  – tribes of mankind have settled and developed, have lived within those lines and traded across them. They are the nation states we have today.

I, the people on this platform and all of you enjoy crossing those lines.  As a young student long ago I remember being woken in the night on the train south by a man in uniform demanding my passport and shouting:  “We are now crossing into Switzerland.” I was thrilled. At the first station I got out to buy fresh Swiss coffee and cakes. It was all so new. I had grown up in a country at war so, of course, only the servicemen of our armed forces got to travel abroad. France, Belgium, Holland and beyond were all occupied by the Germans. I got my first taste of crossing a frontier when I went to France at the age of 16.

I offer these personal reminiscences to show just how much times have changed. And then something important happened: the foundations of what we today call the European Union were created. And something happened in our family, too. Something I had never seen before: my father wept. He wept with joy that never, never again would there be war on the continent of Europe such as he had seen twice in his lifetime: the First World War with its death toll of 17 million. And the Second World War, including the war in the Pacific, with over 50 million dead.

He cried for himself and for his children: they would inherit a safer, more coherent Europe. And so it came about.

But wars did happen, and barriers took on a new significance. In the Middle East, and across Africa, people fled their homelands, crossed legal lines between countries to seek refuge from conflict or to seek a better life for themselves. They crossed frontiers in their millions and, in so doing, changed not only their own lives but the lives of those from whom they sought asylum. One of the outcomes of these shifts has created the world we have today: a world at odds with itself, finding it hard to formulate new rules by which to live – and, incidentally, defying the precepts of many of the world’s great religions which is always to “welcome the stranger”; make him welcome within your gates. People have increasingly become dogmatic, hostile, uneasy about their lives and their homelands.

But there is another – and, I believe, more powerful – impulse at work in the world: and we here today can be part of it. Knowledge is universal. The discoveries of science, medicine, social welfare, anthropology, literature, cultural studies are shared by scholars and institutes of learning around the world. It is crossing lines. It knows no boundaries.   The wisdom of study, the richness of shared understanding, the value of scholarship is something we are taking part in, simply by being here today.

Your remit extends around the world and your future careers will reach into many countries and communities. What we have in common is stronger than what divides us; stronger than the lines on the map; and we are here today to celebrate that shared outlook. Congratulations again to you all.

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