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Seehowwe ...
About us
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Our work Contents 01
01. Introduction 02
02. Innovation policy 04
03. Inclusive models for economic growth 06
04. Public sector innovation 08
05. Citizen engagement 10
06. Digital arts and media 12
07. Health and ageing 14
08. Opportunities for young people 16
09. Impact investment 18
10. Future thinking 20
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Introduction
See how we...
work
01.
Our work 02
Were a champion of good ideas.
We research and test the best onesfrom people and organisations allover the world to bring about a new
way of doing things that will helpshape a happier, fairer and moreprosperous future.
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Innovation is the way we talk about having new ideas andmaking them happen. Its widely recognised by governments
across the world as crucial not just to economic growth butalso to greater human happiness and social justice.
But many of the systems that support innovation arentworking well. Our research shows that innovationinvestment is stagnating in business; that some elds aregenerating fewer good ideas than in the past; and thatimportant sectors lack capacities for innovation.
People with potentially worldchanging ideas still faceinnumerable barriers.
We exist to tackle these challenges and to help you bring your great idea to life.
Over the next few pages you can read about some of thework were doing to help make this happen. If youreinterested in nding out more about us and how to getinvolved, wed love to hear from you. You can visit ourwebsite www.nesta.org.uk to nd out more.
Introduction 03
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Innovation policy
Our innovation policy work looksat how to make the UK a betterplace for innovators, and to makesure innovation is at the heart ofthe political and economic debatein Britain and beyond.
See how we...
shape
02.
Our work 04
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1
INSIDE THEDATAVORES ESTIMATING THE EFFECT OF DATA
AND ONLINE ANALYTICS ON FIRM
PERFORMANCE
HasanBakhshi, AlbertBravo-Biosca andJuan MateosGarcia.
March2014
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111001110101. . . . .
CHINAS ABSORPTIVE STATEResearch,innovationand theprospectsforChina-UKcollaboration
Kirsten Bound, Tom Saunders, James Wilsdon and Jonathan Adams
October 2013
PLAN
INNOVATIONFOR EUROPE
DELIVERING INNOVATION-LEDDIGITALLY-POWERED GROWTH
By AlbertBravo-BioscaLouiseMarstonAnnMettler GeoffMulganStianWestlake
Hasan Bakhshi, Ian Hargreavesand Juan Mateos-GarciaApril2013
A MANIFESTOFOR THECREATIVE ECONOMY
Decades of research have shown that innovation is the mostimportant driver of long-term prosperity, and that innovative
businesses create more jobs and grow faster. Our Plan Icampaign argues for an innovation-led change towards moresustainable growth. Following on from our Plan I for theUK, we launched Plan I: an innovation plan for Europe ,with European Council President Herman Van Rompuyin Brussels. It has already begun to shape the EuropeanCommissions policy on digital startups.
Our creative industries account for one-tenth of the UKeconomy and provide jobs for 2.5 million people, more thannancial services or construction. We are world-leaders
in this space, but history shows us that we cannot takeour leadership for granted. A Manifesto for the Creative Economy presents ten big ideas to bolster our creativeindustries. Since it launched, the manifesto has encouragedthe UK government to improve its policy towards thecreative industries and has led to a redenition of the waythat the UK government measures the creative industries.
We are also looking at how UK businesses can master thegreatest challenge of the big data era: how to turn datainto value. Our two reports: The Rise of the Datavores and
Inside the Datavores , highlight the importance of a growingcohort of companies that put analytics and information atthe heart of their business, and demonstrates how otherscan follow their example.
Innovation methods are constantly being reinvented, andwe know that policymakers and innovators need to lookbeyond Silicon Valley for inspiration. Thats why werecommitted to mapping new approaches to innovationaround the world. As part of this work we have publisheda major report into Chinas innovation system, Chinas
Absorptive State and Our Frugal Future: Lessons from Indias Innovation System.
2.5 mOur creativeindustries accountfor one-tenth of theUK economy andprovide jobs for2.5 million people
8% Businesses thatuse their datamore intensivelyare 8 per centmore productive
Innovation policy 05
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The developed world faces a dualeconomic challenge. Rates ofeconomic growth have been slow andat the same time inequality has beenrising rapidly. New means of fosteringeconomic growth are called for -and in particular, ones that can alsopromote fairer distribution of wealth.
Inclusive models foreconomic growth
See how we...
champion
03.
Our work 06
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Within ve years,crowdfunding couldprovide around 15
billion of nance peryear in the UK.
Our work on collaborative consumption and the sharingeconomy focuses on how the internet is helping to bring
people together to make better use of assets, from carsto DIY tools.
We are researching ways to apply the principles of thesharing economy to the world of nance. Weve publisheda series of successful reports and blog posts on crowdfunding,including detailed research on how much money crowdfundinghas raised in the UK, and reports on equity crowdfundingand peer-to-peer lending. Our directory of UK crowdfunding
platforms, Crowdingin.org, has become a widely usedresource for entrepreneurs looking to kickstart their ideas.
We also look at new ways to help turn great ideas intosuccessful businesses, taking an active role so that ourresearch is informed by data and practical experience.We have been working with several accelerators aroundEurope to build a network of accelerator programmes,called the Accelerator Assembly. We now also host theUKs leading social accelerator programme, run by BethnalGreen Ventures in partnership with the Cabinet OfcesSocial Incubator Fund, Nominet Trust and Google. This
programme will accelerate over 80 social impact ventures
over the next four years.
THE RISEOF FUTUREFINANCEThe UK AlternativeFinance BenchmarkingReport
LiamCollins, NestaRichardSwart, Universityof California,BerkeleyBryanZhang, Universityof Cambridge
December2013
1 BANKINGONEACHOTHER:
PEERTOPEERLENDING TOBUSINESS:EVIDENCE FROM FUNDING CIRCLE
Yannis Pierrakis and Liam Collins
April2013
BANKING ONEACH OTHERPEERTOPEER LENDING TO BUSINESS:EVIDENCE FROM FUNDING CIRCLE
1 CROWDINGIN
HOW THE UKS BUSINESSES, CHARITIES,GOVERNMENT, AND FINANCIAL SYSTEMCAN MAKE THE MOST OF CROWDFUNDING
December 2012
Peter Baeck, Liam Collins and Stian Westlake
CROWDING IN
Inclusive models for economic growth 07
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Public sectorinnovation
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help
04.
Our work 08
Local and national governments havepioneered some of the great public
and social innovations of modernhistory. But in a time of rapid changethey need new capabilities and newideas to solve complex problems.
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Rethinking Parks
Public parks are an enduring and dening feature of townsand cities across the UK. At their best, public parks dont
just provide space for leisure and relaxation, they are also ahub of the local community and a green lung in the urbanenvironment.
Yet our public parks are at risk. With funding cuts of 60 percent and more projected over the next decade for non-statutory services provided by local authorities, parks are atrisk of becoming no-go zones or being sold off.
Through our Rethinking Parks programme we want people
to develop new ways to operate, fund and use public parksso that they continue to thrive, despite traditional sources ofrevenue and support being eroded.
Our strategic partners, the Big Lottery Fund and theHeritage Lottery Fund, have strong track records ofsupporting parks, having invested upwards of 700 millionin them over the last two decades.
i-teams
We are working with Bloomberg Philanthropies to explorethe teams, units and funds that make government innovationhappen. Our aim is to understand the kind of structuresneeded and share these key lessons for other leaderslooking to do the same.
RETHINKINGPARKSEXPLORING NEW BUSINESS MODELS
FOR PARKS IN THE 21 CENTURY
Peter Neal November 2013
ST
RuthPuttick,PeterBaeck& PhilipColligan
The teams and fundsmaking innovationhappen in governmentsaround the world
Public sector innovation 09
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From school governors to specialconstables there are lots of greatexamples of people helping people.But we think there could be more.
Citizen engagement
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promote
05.
Our work 10
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Citizen engagement 11
People Helping People
The Centre for Social Action Innovation Fund, run in partnership with the Cabinet Ofce, is nding new ways for people to help others.
The fund increases the impact and reach of innovations thatuse local peoples energy and talents to help each other. Allthe initiatives in the fund work alongside public services andinclude examples such as supporting people with long-termhealth conditions, and helping unemployed people improvetheir skills and get back to work.
Challenge Prizes
We know that challenge prizes are a great way to stimulatenew ideas from a broad range of people and our Centre forChallenge Prizes is running its most ambitious challenge prize
yet - Longitude Prize 2014.
Launched on the BBC and with the Technology StrategyBoard as launch funding partner, Longitude Prize 2014 askedthe British public to decide which of six major challengesthey wanted to be the focus of a 10 million prize fund. Thechallenges were Antibiotics, Paralysis, Food, Water, Flight and
Dementia.The six scientic challenges were put to a vote on the BBCs
programmes Horizon and The One Show , and the public chosethe issue of Antibiotics. Now the race is on to nd a way tokeep Antibiotics effective for future generations. The prize willbe open for the next ve years, and we invite anyone with agood idea to participate.
Innovation Skills
The Development Impact and You toolkit, developed in partnership with and funded by the Rockefeller Foundation,is a collection of 30 tried-and-tested tools to give practicalsupport to busy people around the world, in helping them todevelop, test and adapt their ideas. We have a growing networkof supporters who have adopted the toolkit in their innovation
practice, including the UNDP, Oxfam and Ushahidi.
The race is onto nd the solution
The public voted for
Nesta is a registered charity in England and Wales 1144091 and Scotland SC042833.Longitude Prize is a registered trademark of Nesta.
#longitudeprize www.longitudeprize.org
ANTIBIOTICS
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The UK is a world leader in thisspace, but we need to act now to
nd new ways of supporting ourcreative industries so they remaincompetitive in the future.
Digital arts and media
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create
06.
Our work 12
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Digital arts and media 13
Digital R&D Fund for the Arts
Three funds, across England, Wales and Scotland, haveencouraged more than 600 collaborations on R&D proposalsbetween arts, cultural, technology and research teams wewant to sustain this level of activity and support furtherfantastic cross-sector experimentation.
By teaming up with the Arts and Humanities Research council(AHRC) and the respective Arts funding organisations of eachnation, we hope to encourage public funders of the arts toadopt and embrace the collaborative approach to R&D as away of encouraging digital innovation in the arts.
Destination Local
Our research into hyperlocal media showed that despiterising demand, advertising alone is not going to sustain
these services. This fact presents a serious challenge toemerging, but already important, public service media namely, how to make it pay.
Some of the services we have supported through ourDestination Local work have ourished despite thischallenge and are running as sustainable businesses, withhigh levels of community engagement. One in particularis Kentishtowner . A daily publication serving LondonsKentish Town community, it started as a blog and isnow a multi-platform, award-winning publication.
The challenge now is to attract much-needed publicinvestment into hyperlocal media as an emergingtechnology eld.
Above and top left images courtesy of the Royal Opera
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Health and ageing
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support
07.
Our work 14
There has never been a greaterneed for new ideas to solve theproblem of an ageing population.
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People Powered Health
Weve been working to inuence the health system, tomake it better-adapted to people with long-term conditions.Our People Powered Health work has looked at ways tore-balance our health and care system so that it is run for
people, by people and with people. That means a systemthat cares for people when they need it, enables self-management by people, and connects people with other
people with similar experiences so that they can supportone another.
The programme supported six health teams across Englandby embedding and scaling-up collaborative approaches tolong-term conditions. These ranged from community-based
peer support groups to group prescriptions that help people to do more exercise or connect with others.
Ageing Innovation
We all know that our population is ageing, but many of oursystems have not yet fully adapted. Our working patterns,social care system and housing stock, for example, arecreaking at the seams, and not t to help an increasinglyolder population to age well.
We published a report, Five Hours a Day: Systemic Innovation for an Ageing Population which argues thatageing is a systemic challenge requiring innovation notonly in products and services, but also in the political andcultural domains. Were continuing to support a number ofinnovative organisations in this eld, including Shared LivesPlus, GoodGym and Social Finance.
Halima Khan
February2013
FIVE HOURS A DAY
SYSTEMIC INNOVATION FORAN AGEING POPULATION
Health and ageing 15
Weve been workingto in uence the healthsystem, to make it better-adapted to people with
long-term conditions.
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Opportunities foryoung people
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develop
08.
Our work 16
Our aim is to help as many youngpeople as possible learn aboutdigital technologies through makingtheir own digital products.
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Digital Makers
The digital environment is ubiquitous. Understanding theway that digital technologies are made and controlledis important to understanding the world in which welive. Increasingly, the ability to make and adapt digitaltechnologies is key to creative expression, social inclusionand business creation, and it is a skill that is increasingly indemand in the job market.
Make Things Do Stuff is a campaign run with our partnersNominet Trust and Mozilla, to create a platform for young
people to test out and upload their own digital products. Sinceit launched thousands of young people from all over the UKhave taken part and experimented, demonstrating the creative
potential that technology can unlock for their generation.
Digital Makers Fund
We are backing organisations with bright ideas forsignicantly increasing the number of young people who
participate in digital making. Notable successes includeCode Club and Technology Will Save Us. Code Club hasincreased the number of schools it works with from 470to 1,971 in the last year, and it has leveraged signicantadditional funding. Technology Will Save Us has developedits most successful maker kit (the DIY Gamer Console) andforged partnerships with Code Club and the Princes Trust.
Opportunities for young people 17
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Impact investment
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invest
09.
Our work 18
We are a catalyst in the eld of socialimpact investment, investing primarilyfor a positive social impact, but alsofor a nancial return.
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Through our research work, direct interventions andsupport, we have helped to create a vibrant impact
investment sector in the UK.Bethnal Green Ventures runs accelerator programmes forearly-stage social entrepreneurs and their organisations.We have provided funding, alongside the Cabinet Ofceand Nominet Trust, to help create 80 new ventures overfour years. We believe that creating this early supportfor ventures is vital if we want to help build a vibrant,innovative and impact-focused entrepreneurial community.
We have established our rst direct social impactinvestment fund. Nesta Impact Investments provides riskcapital to early-stage ventures that have an impact for older
people, younger people and community sustainability.In its rst 12 months of investing, the fund has made venew investments, totalling 2.5 million. We aim to backorganisations that can make a major impact and prove theeffectiveness of their intervention. Notable investments todate include Oomph! and FutureGov.
Impact investment 19
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Future thinking
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connect
10.
Our work 20
New ideas born today can change theworld we will live in decades from now.We want to explore what these possibleworlds could look like, and how we canhelp shape them for the better.
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FutureFest
Our FutureFest events gather some of the planets mostradical thinkers, makers and performers to create animmersive experience of what our future might feel likea few decades from now. FutureFest is an answer tothe fatalism that often sties talk about the future, andencourages people to look at the future as something thatcan be shaped for the better and shaped by them.
Hot Topics
Our thought-provoking event series looks at how cuttingedge tech will affect our lives in the near future. We coverideas as wide-ranging as the potential of drones to thefuture of prosthetics, and each event showcases the latesttechnology in action.
Predictions
Every December we bring together our in-house expertsto make predictions about what the year ahead holds.The predictions range from the rise of robot overlords,to new science parks dedicated to social innovation. Our
predictions series is a popular destination for peoplelooking to us to get a sense of what the big trends for the
year ahead might be.
Future thinking 21
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nesta.org.uk
Nesta1 Plough Place, London EC4A [email protected]@nesta_uk
www.facebook.com/nesta.uk August 2014Nesta is a registered charity in England and Wales with company number 7706036 and charity number 1144091.R i d h i i S l d b SCO42833 R i d ffi 1 Pl h Pl L d EC4A 1DE
