Tuesday, 16 July 2019

Silicon Valley Bank Sponsors 2019 Cambridge Innovation Summit

Silicon Valley Bank is delighted to have sponsored the third annual Cambridge Innovation Summit which took place on 9th July.

The Cambridge Innovation Summit brought together over 90 leading thinkers about innovation processes from businesses and other organisations across Europe and the USA. Delegates from all of the consortia run by the Cambridge-based Centre for Business Innovation (CfBI) and invited guests worked together on challenges and opportunities which they are experiencing in the innovation landscape.

The summit included a ‘Curated Startup Matching’ pre-event to Introduce inbound corporates to Cambridge startups and  scaleups organized with the St Johns’ Innovation Centre. There were sessions on ‘Global Innovation Processes’ (Chaired by Philip Guilford of the University of Cambridge Department of Engineering with discussion leaders from Amazon, Brightstar, DSTL and Jaguar Landrover), ‘Innovation with data’ (Chaired by James Boyles of Taylor Vinters with discussion leaders from  Amadeus Partners, Miotify, and HP Labs) and ‘Innovation Made in Cambridge’ (Chaired by Haroon Ahmed retired master of Corpus Christi College with cameo presentations from Astra Zeneca, ARM and Amazon), as well as  table-top demonstrations from a number of Cambridge-based innovators introduced by Alex McCracken of Silicon Valley Bank.

The world-class networking opportunity culminated with dinner in Trinity Hall addressed by Peter Cowley of Cambridge Angels  on the theme of ‘Why Cambridge for Innovation?’

On adjacent days CfBI consortia for ‘Open Innovation Meets Big Data’, ‘Medical Adherence/Digital Health’, ‘Nano-Carbon Enhanced Materials’ and ‘Corporate Venturing Leadership’ met in private sessions in the Cambridge region.

Alex McCracken from Silicon Valley Bank commented “it is pleasing to see large Corporates collectively discussing their innovation processes and engaging with technology startups in Cambridge. Corporates are increasingly partnering with startups, which helps to stimulate the UK ecosystem. From our research in 2018 Corporates participated in 42% of equity rounds of £10m-£200m roundsize in UK tech businesses” (data from Pitchbook).

Peter Hewkin CEO of the Centre for Business Innovation says “We are delighted to bring together the members of CfBI’s eight international consortia in Cambridge (UK) each year to inspire, inform and engage them in one of the world’s best innovation clusters”.

Planning has already started for the next Cambridge Innovation Summit which will take place on 1st July 2020

Tuesday, 9 April 2019

Cambridge Innovation Summit July 9th

We are delighted to announce that the Cambridge Innovation Summit will take place on July 9th 2019

Sponsored by Silicon Valley Bank and Taylor Vinters, this is CfBI's flagship event when members of all of our consortia come together to shape the innovation landscape and seed new consortia.

The summit takes place at the Granta Suite on the banks of the River Cam - followed by dinner in the Old Hall at Queens College nearby.

There will be sessions on

- Innovation Landscape
- Innovation with data
- Innovation made in Cambridge

together with a pitching event the night before. Delegates will be linked by Slack to facilitate dealmaking and Q&A

Access is free for delegates from Companies who are members of one or more CfBI consortium. Non-members by invitation / payment only.

For next level details go to: https://www.cfbi.com/cambridgeinnovationsummit2019.htm

Sunday, 30 December 2018

The 2019 programme for CfBI's consortia is coming together nicely. 

It includes: 

- MF10 Microfluidics Consortium hosted by UC Stanford and UC Riverside Feb 11/12
 - MA3 Medical Adherence Consortium hosted by Swiss Re Zurich March 4/5
 - CVLF2: Corporate Venturing Forum hosted by LLoyds Bank and Geovation in London in January 
- DLT1: Distributed Ledger Technologies Consortium launching in London in February 
- OIBD05 Open Innovation meets Big Data Consortium meeting in London in January 

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Tuesday, 24 April 2018

Cambridge Innovation Summit : July 11 2018

The Centre for Business Innovation supported by Silicon Valley Bank, Hewitsons and Medimmune is delighted to announce the Cambridge Innovation Summit 2018.

This international event brings together members of all of CfBI's consortia from around the world together with selected blue chip delegates for a day of world class inspiration, discussion and networking.

This highly interactive event will have the following sessions

- Innovation Landscape (chaired by Professor Steve Young of Apple)
- Innovation for Health and Wellness (chaired by Hermann Hauser of Amadeus Capital PartnerS)
- Innovation made in Cambridge (chaired by Professor Tim Minshall of University of Cambridge)

Guests will network and dine at Trinity Hall (where Stephen Hawkin Studied)

Details here:

pc - www.cambridgeinnovationsummit.com
mobile - www.cfbi.com/SummerSummit/SummerSummit.html

Attendance is free to members of CfBI consortia. Other blue chip delegates by invitation only.

Friday, 6 April 2018

Thoughts from Eindhoven - CVLF 1.4

The key theme that emerged in Eindhoven was that of TIME.

What a treat to go to the HighTech Campus in Eindhoven: an outstanding ecosystem brought together through the collaboration of the corporates, academia, government and visionaries. A hardware slant was a nice change too.

To get the visit off to a (very) warm start we were welcomed to traditional Dutch hospitality a De LeemerHoef with a roaring fire and some great food. One of my treats at these events is the opportunity to connect and hear from local delegates who can give a different perspective to our normal bubbles.

After dinner we were treated to a talk by Jolan Hulscher and Prof Georges Romme - introducing the Eindhoven ecosystems and the differences in mindset between Eindhoven, Cambridge and Munich. Importantly how areas without an innovative / entrepreneurial mindset will find it increasingly difficult to compete

Next day we had an early start on the HighTech Campus itself. To settle us into our seats overlooking the lake (skateable the previous week.) we were given a historical perspective on the area and how it grew up into the place that it was today. It is amazing to see the impact of history on today’s ecosystems.

Our first case study was from Benno (Philips). He shared how they manage their intrapreneurship and external accelerator programmes and how this fits in with their Corporate Investment funds. Echoing previous meetings, he highlighted the importance of strategic focus in the areas you wanted to encourage innovations. In addition, he highlighted the importance of having a timetable for events - having a drip feed of non-focussed ideas is no good.

A key takeaway was they look for more than one founder in any start-up they work with. This tallies with previous research work I have done, highlighting the importance of more than one (ideally in different age groups) in high growth companies, but it is the first time I have seen it implemented as a hard rule.

This was followed by the energetic Guus (Hightech XL), the on-site accelerator who spoke about how they work with local corporates to build accelerators and increasingly work with internal accelerators. Key messages included:

  • Time - it has taken 5 years to get to the success they now are, the first 2 years were fairly flat and it was touch and go, a lot of lessons were learned. 
  • Success rate is running at an impressive 75% of starting companies: being very careful about who you pick means you save money overall
  • They have a strategic plan - it’s called DOING THINGS!

Mark (Abbvie) then spoke about how he had managed a change in culture at Abbvie to make it a more innovative culture. The impact and change really kicked in after 3 years.

After all that excitement we were glad to stretch our legs and walk to NXP labs for lunch and the afternoon session.  We kicked-off by launching our joint member project based on Prof. Erkko’s previous suggestions to help members understand how to get more generativity.

Clara (NXP) then gave us a wonderful insight into the ever changing world of semiconductors, updating her definition of Moore's law to computational power. We also looked at cost and time of innovation in an expensive hardware environment. As well as the importance of Understanding Systems / Ecosystems.

A quick quiz on % R&D spend being purely disruptive was also enlightening!! How much do you do?

Another young talent led our final session, Lulu (NXP) demonstrating some of the latest developments including kissing chameleons, drones communications and automatic truck platooning - the importance of timing in this case was in milliseconds not years!….

NEXT STOP BARCELONA - 17th - 18th May 2018 - A few places left contact Adam for info

Image by Steven Lek (Own work) [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

Saturday, 24 February 2018

Triple witching for CfBI consortia in March across Europe

Nano-Carbon Enhanced Materials Consortium meets in Milan March 8 & 9 hosted by Prysmian

Corporate Venturing Leadership Forum meets in Eindhoven March 12 & 13 hosted by NXP

Microfluidics Consortium meets in Paris on March 22 & 23 hosted by IPGG

.. yes this is a UK organisation which still believes in Europe! We are not subsidized by Government.

Details from operations@cfbi.com. See our annual briefing here

Friday, 9 February 2018

2018 Briefing from the Centre for Business Innovation - available now

We are delighted to publish the 2018 Centre for Business Innovation Briefing which can be downloaded here.  Read about our achievements in 2017 and ambitious plans for 2018 as we pursue our Blue Ocean strategy world wide. Our mission remains to 'Create Collaborative Communities' around fast moving areas of technology or business process. Come and join us!