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Geoff Mulgan Innovation in Growing Cities

Date post: 08-May-2015
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From Nesta's event on jobs innovation at the Birmingham Science Museum on 24 October 2013.
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Nesta’s mission: Bringing great ideas to life and crea0ng the condi0ons where innova0on can flourish
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Page 1: Geoff Mulgan Innovation in Growing Cities

Nesta’s  mission:    

Bringing  great  ideas  to  life  and  crea0ng  the  condi0ons  where  innova0on  can  flourish    

Page 2: Geoff Mulgan Innovation in Growing Cities

Backing  innova&on  for  the  common  good  through  investment,  research,  

programmes,  networks  and  skills  

Page 3: Geoff Mulgan Innovation in Growing Cities

Investment  Strategy  Involves:    Venture  por<olio  with  successful  exits,  backing  accelerators  and  impact  fund  

VENTURE  INVESTING    

CATALYSING  START  UP  SUPPORT  

IMPACT  INVESTMENT  FUND  

SUPPORTING  A  DEVELOPING  MARKET    

RESOURCE  EFFICIENCY,  AGEING,  EDUCATION  

SVI  FUND  

BIG  SOCIETY  FINANCE  FUND  

BIG  SOCIETY  FINANCE  FUND  

RESEARCH  &  POLICY  RECOMMENDATIONS  

Page 4: Geoff Mulgan Innovation in Growing Cities

Policy  &  Research:    Economics  of  innova0on,  innova0on  policy,  evidence,  data,    global  innova0on  prac0ce  

INNOVATION  AND  ECONOMIC  GROWTH  

INNOVATIO

N  AND  

ECONOMIC  

GRO

WTH  

EXPERIMENTS  IN  INNOVATION  POLICY  

START-­‐UPS,  ACCELERATION  AND  ENTREPRENEURSHIP    

HOW  TO  MAKE  INNOVATION  

POLICY  

RESEARCH  FOR  NESTA’S  PRACTICAL  PROGRAMMES:  

AGEING,  JOBS,  SOCIAL  ACTION,  HYPER-­‐LOCAL  

MEDIA  

DIGITAL  SOCIAL  INNOVATION:  EU  

PROJECT  

EVIDENCE  AND  EXPERIMENT  IN  

POLICY  ASSET  BRITAIN:  

ANALYSING  SOCIAL  INNOVATION  

COLLECTIVE  INTELLIGENCE,  

ANALYTICS  &  BIG  DATA   COLLECTIVE  

INTELLIGENCE,  ANALYTICS  &  BIG  

DATA  

HOT  TOPICS  AND  FUTURE  TECHNOLOGIES  

Page 5: Geoff Mulgan Innovation in Growing Cities

People  powered  health  

5  

InnovaQon  Lab:  backing  projects  and  ventures  

INNOVATION  IN  LOCAL  SERVICES     GIVING  AND  SOCIAL  ACTION  

HEALTH  AND  AGEING  WELL   DIGITAL  PUBLIC  SERVICES  

Page 6: Geoff Mulgan Innovation in Growing Cities

UK  Crea(ve  Industries  

Skills   Digital  InnovaQon  

Wider  Crea(ve  Economy  

 CreaQve  InnovaQon  in  other  sectors  

Innova0on  Vouchers  

6  

Page 7: Geoff Mulgan Innovation in Growing Cities

INTERNATIONAL  DEVELOPMENT  

SOCIAL  INNOVATION,  

PUBLIC  SERVICES  

SPECIFIC  INSIGHTS  

CUSTOMISED  TRAINING  

Open  innovaQon,  innovaQon  policy,  

experimental  methods    

Prizes,  crowd-­‐funding  and  sourcing,  accelerators  

CONNECTING    WITH  INNOVATION  

 COMMUNITIES  AND  PARTNERS  

7  

FREE  LEARNING  MATERIALS  AND  TOOLS  

Page 8: Geoff Mulgan Innovation in Growing Cities

A  few  examples:  

Page 9: Geoff Mulgan Innovation in Growing Cities

Prizes  …  

9  

Page 10: Geoff Mulgan Innovation in Growing Cities

Accelerator  programmes  

To  date:  • 137  programs  world-­‐wide  • 2038  companies  accelerated  • 101  exits  for  $  1,123,908,100  • $  1,535,267,341  funding  • 4864  jobs  created  

(courtesy  of  www.seed-­‐db.com)  

Page 11: Geoff Mulgan Innovation in Growing Cities
Page 12: Geoff Mulgan Innovation in Growing Cities
Page 13: Geoff Mulgan Innovation in Growing Cities
Page 14: Geoff Mulgan Innovation in Growing Cities

Innova0on  and  Jobs  

Page 15: Geoff Mulgan Innovation in Growing Cities

Unemployment  remains  stubbornly  high…  Par0cularly  for  young  people…  

Challenges  remain  for  most  groups…  

And  in  specific  regions…  

Page 16: Geoff Mulgan Innovation in Growing Cities

The  current  approaches  to  tackling  worklessness  are  complex  –  and  patchy  in  impact  

Page 17: Geoff Mulgan Innovation in Growing Cities

CreaQng  &  shaping  new  markets  

mobilising  capital  (e.g.  complementary  currencies),  suppor0ng  growth  sectors  and  new  markets  (e.g.  developing  the  green  

economy)  

SupporQng  entrepreneurship  &  

enterprise  business  services  (e.g.  start-­‐

up  support),  business  incuba0on,  funding  and  

training  for  self-­‐employment  

Intermediaries  that  improve  matching  employer  pooling,  web-­‐

pla<orms  for  flexible  working  (e.g.  task-­‐matching  sites),  new  approaches  to  careers  advice,  individualised  job-­‐

matching  services  

21st  century  employability  

new  approaches  to  employment  support  (e.g.  career  coaching,  resilience-­‐building),  pla<orms  to  

showcase  skills  and  build  professional  networks  

Blurring  work  &  learning  bringing  work  into  the  classroom  (e.g.  business  mentoring  in  schools),  temporary  jobs  and  

supported  job  opportuni0es  (e.g.  appren0ceships  and  

traineeships)  

Jobs  Innovators  

Page 18: Geoff Mulgan Innovation in Growing Cities

www.nesta.org.uk/makingitwork    

Our  work  

•  Prac0cal  support  to  spread  some  of  the  most  exci0ng  innova0ons  

•  Building  our  partnership  with  ci0es  

•  Developing  a  learning  network  and  sharing  evidence  on  ‘what  works’  


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