Strategy unveiled to boost innovation in Cambridge

skbf2 — Mon, 16 Oct 2023 15:55:21 +0000

̽��ֱ��Innovate Cambridge Summit saw over 400 leaders from across the civic, business and academic working communities to support the science and technology cluster to maintain its position as a world leader amid fierce international competition.

Cambridge has evolved into a global innovation hub over the last 30 years, with over 5,500 knowledge-intensive businesses generating revenues exceeding £20bn annually and 23 billion-dollar unicorn companies born in the city. ̽��ֱ�� ̽��ֱ�� of Cambridge is also the number one university in the world for producing successful tech founders, ahead of Harvard and MIT, with over 500 alumni founders raising more than $10 million in funding.

Recognising this, the city and its innovation ecosystem is now presented with a generational opportunity to maximise economic and social return. International benchmarking indicates that Cambridge can do more to enhance its position in the global innovation landscape.

This new home-grown innovation strategy, which has had input from 200 organisations, including Cambridge Enterprise, the ̽��ֱ�� of Cambridge, Cambridge Innovation Capital, AstraZeneca, Microsoft, ARM, Darktrace, Cambridge City Council, and Cambridge County Council and Cambridgeshire and Peterborough Combined Authority will propel the ecosystem towards a groundbreaking future.

In the past twelve months, the Cambridge ecosystem has seen significant collaboration, with over 200 organisations endorsing an Innovation Charter and extensive consultations involving more than 500 individuals to craft an innovation strategy. ̽��ֱ��culmination of these efforts, Innovate Cambridge, seeks to leverage the city's unique position as a driver of Britain’s growth, fostering collaboration, and catalysing innovation for the benefit of local communities and the broader UK.

In pursuit of this vision, Innovate Cambridge has identified three strategic goals:

An innovation ecosystem firing on all cylinders. Innovate Cambridge envisions improved health and social care, optimised energy use, and enhanced agricultural outcomes through world-leading life sciences research and AI applications. ̽��ֱ��focus will be on creating a green growth strategy, fostering economic growth, and supporting social infrastructure.
Ensuring the innovation ecosystem provides value and impact for the local community. Innovate Cambridge aims to increase collaboration within and beyond the region, formalising partnerships with other innovation hubs and economic centres. ̽��ֱ��initiative strives to deliver high-quality employment and training opportunities while ensuring benefits extend beyond geographical limits.
Forming partnerships with other regions and collaborators to drive scale and deliver social and economic benefits. By 2035, Innovate Cambridge aims to achieve significant economic, social, and environmental impact through collaborations and partnerships. Practical infrastructure issues, such as water scarcity and transportation, are addressed in conjunction with local government and Cambridge Ahead.

"Innovation is critical to local, national and global prosperity and central to the UK's economic success. Cambridge is the UK's leading research-based innovation ecosystem. A recent analysis found that spinouts and start-ups associated with the ̽��ֱ�� contributed over £18bn to the UK economy and there are many other companies within the Cambridge ecosystem without a direct connection to the ̽��ֱ�� that make a further significant contribution." Professor Andy Neely OBE, Senior Pro-Vice-Chancellor, ̽��ֱ�� of Cambridge

“ ̽��ֱ��City Council has an important placemaking and leadership role for the whole city. We want Cambridge to be an even better place to live, work and study, and ensure the city maintains its status as a global innovation hub. Cambridge also has significant challenges around health inequalities, housing affordability, and life changes for disadvantaged young people. That’s why it's vital successful businesses, innovators, and entrepreneurs that have benefited from the unique, nurturing, innovation environment in Cambridge to give back to the city in a more tangible way.” Robert Pollock, Chief Executive, Cambridge City Council

"This strategy represents a pivotal moment for the innovation ecosystem in Cambridge. ̽��ֱ��collaboration of over 200 organisations has yielded a strategic roadmap that provides a shared vision for Cambridge as a global innovation hub. This initiative, rooted in inclusivity and sustainability, will drive positive economic and social impacts for the local community. Cambridge Enterprise is proud to be part of this ambitious endeavour, and we look forward to fostering groundbreaking discoveries and translating them into world-changing businesses." Dr Diarmuid O'Brien, Chief Executive, Cambridge Enterprise

“Innovation is critical to local, national and global prosperity and central to the wider UK growth agenda, and Cambridge remains the most intensive science and technological cluster in the world. It is an ecosystem where companies have the potential to go from lab to market quicker than anywhere else. We excel in life sciences, deep tech, and interdisciplinary research; and the city is home to a blend of start-ups and global leaders. ̽��ֱ��fact that so many of those stakeholders and businesses have now come up with an inclusive, forward-looking plan to ensure the city continues to innovate, compete, and deliver impact on a global scale, fills me with enormous pride.” Michael Anstey, Partner, Cambridge Innovation Capital

News release first published by Cambridge Enterprise

An ambitious new strategy to nurture and grow its innovation ecosystem has been unveiled at Cambridge summit.

̽��ֱ��text in this work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Images, including our videos, are Copyright © ̽��ֱ�� of Cambridge and licensors/contributors as identified. All rights reserved. We make our image and video content available in a number of ways – as here, on our main website under its Terms and conditions, and on a range of channels including social media that permit your use and sharing of our content under their respective Terms.

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New initiative to promote innovation in the Greater Cambridge area

skbf2 — Thu, 08 Dec 2022 12:51:02 +0000

Innovate Cambridge is an initiative to create an inclusive vision for the future of Cambridge and its innovation ecosystem. ̽��ֱ��initiative was launched in September 2022 by the ̽��ֱ�� of Cambridge, Cambridge Enterprise and Cambridge Innovation Capital. Organisations that have signed up to its charter include local government, start-ups, universities, science parks and investors. As well as announcing its first 100 signatories, Innovate Cambridge has also appointed an Executive Director and established a steering committee.

Tabitha Goldstaub, co-founder of festival and online platform CogX and a UK government advisor, has been appointed Innovate Cambridge’s Executive Director and the Rt Hon. Lord Willetts as Chair of its Steering Committee. Other members of the Steering Committee include Professor Andy Neely, Pro-Vice-Chancellor for Enterprise and Business Relations at the ̽��ֱ�� of Cambridge, Professor Yvonne Barnett, Deputy Vice-Chancellor for Research and Innovation for Anglia Ruskin ̽��ֱ��, Shaun Grady, AstraZeneca’s Senior Vice-President Business Development Operations and Robert Pollock, Chief Executive of Cambridge City Council.

Cambridge has been a global leader in innovation for decades, with its two universities, thriving start-up community, global businesses and strong investment network. But, “standing still is not an option,” said Diarmuid O’Brien, CEO of Cambridge Enterprise: “Many cities and regions across the world are rapidly getting organised to secure their futures. We must learn from and build on their experiences.”

̽��ֱ��next step, according to Michael Anstey, Partner at Cambridge Innovation Capital, is for the signatories to the Charter, “to come together to define, and then implement, an inclusive, forward-looking vision for the ecosystem, which ensures the City continues to innovate, compete, and deliver impact on a global scale well into the future.”

Professor Andy Neely, Pro-Vice-Chancellor for Enterprise and Business Relations at the ̽��ֱ�� of Cambridge, said: “Cambridge has made a difference to the lives of millions of people around the world. A constant source of new ideas and innovations, the Cambridge innovation ecosystem spawns new ideas, technologies and insights that change the way we live and learn. ̽��ֱ��charter is a really exciting next step in the development of the Cambridge innovation ecosystem, bringing together key organisations and people to help shape the future of Greater Cambridge and ensure that together we continue to contribute to society.”

Read about some of the Cambridge start-ups that are having an impact in the UK and around the world here.

100 organisations, including AstraZeneca, Microsoft and Arm, have signed up to a new charter to boost the Cambridge innovation ecosystem and help it address global challenges, announced Innovate Cambridge today (8 December 2022).

̽��ֱ��charter is a really exciting next step in the development of the Cambridge innovation ecosystem, bringing together key organisations and people to help shape the future of Greater Cambridge and ensure that together we continue to contribute to society.

Andy Neely, Pro-Vice-Chancellor for Enterprise and Business Relations

Innovate Cambridge

Tabitha Goldstaub, Innovate Cambridge’s Executive Director

̽��ֱ��text in this work is licensed under a Creative Commons Attribution 4.0 International License. Images, including our videos, are Copyright © ̽��ֱ�� of Cambridge and licensors/contributors as identified. All rights reserved. We make our image and video content available in a number of ways – as here, on our main website under its Terms and conditions, and on a range of channels including social media that permit your use and sharing of our content under their respective Terms.

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̽��ֱ�� of Cambridge - Cambridge Innovation Capital

Strategy unveiled to boost innovation in Cambridge

New initiative to promote innovation in the Greater Cambridge area