Implications of 2009 research and development scoreboard for West Midlands

The 2009 R&D Scoreboard, produced by the Department for Business, Innovation and Skills, examines the research and development spending of 1,000 UK companies. Dubbed the UK1000, these are the businesses which invested the largest amounts in R&D.

The Scoreboard does not measure total research and development spending, merely the biggest investors, so some substantial businesses (not to mention the wider business population) are not captured in the figures.

The Scoreboard also considers the top 1,000 companies globally (G1000), which includes only a subset of the UK1000, in order to make international comparisons.

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West Midlands at the heart of European Climate Change Programme

EIT knowledge and innovation communityBusinesses, academics and public agencies in the West Midlands gathered this week to find out how they can benefit from a new €120 million Europe-wide climate change programme.

Climate – Knowledge Innovation Communities (KIC) is a unique programme, from the European Institute of Innovation and Technology, which brings together five of Europe’s top universities (including Imperial College and ETH Zurich), 10 leading companies (including CISCO and Shell), and six major European regions including the West Midlands.

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Electronic marketplaces: a way to tackle worklessness?

The Joseph Rowntree Foundation have just published a think-piece on electronic markets (pdf, 1.09mb) by Wingham Rowan, project director of Slivers-of-Time.

The underlying premise is simple: there are plenty of people who would like to work, but can’t commit to regular hours because of family commitments or recurring medical conditions.

There are also lots of businesses which could benefit from hiring people for an hour or two at a time at short notice, without all of the overheads associated with traditional recruitment agencies.

Slivers-of-Time working is designed to connect the two using online electronic marketplaces—a sort of ‘eBay for jobs’—in a way that could help ease workless people back into the workforce and supply businesses with a flexible pool of vouchsafed, accredited labour.

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West Midlands innovation fund delivers eleven-fold return on investment and brings jobs to region

Central Technology Belt - Birmingham - Worcestershire

An independent evaluation of the Technology Transfer Fund (TTF2) (pdf, 431kb) has underlined the value that the SME support fund has played in regional economic growth.

The fund was launched by Advantage West Midlands in 2005 to assist development of small and medium sized science and technology businesses within the Central Technology Belt, the high technology corridor that follows the A38 from Birmingham, through Worcester, to Malvern. TTF2 offered grants of up to £25,000 to more than 150 local companies.

The report (pdf, 431kb) produced by ekosgen on behalf of Advantage West Midlands found that the TTF2 realised more than £25 million of additional net turnover for the businesses it supported, and also created an additional 47 jobs during the two year project lifespan.

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Making the invisible visible: matching West Midlands ICT SMEs with business opportunities

West Midlands ICT Cluster AWMistThis is a guest post written by Brian Prangle with contributions from Andrew Mackenzie.

West Midlands Regional Development Agency, Advantage West  Midlands (AWM) has unveiled its latest initiative to stimulate and develop the high technology sector.

AWMist (A Web Map-based Information Search Tool) is the first regional interface of its kind where collaboration, business opportunity building, and partnerships can be easily forged between the region’s ICT SMEs (Small to Medium Enterprises) and those who can support and assist them, such as funding agencies, universities and business support projects.

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Innovation boosts productivity by two-thirds

Innovation is an essential driver for regional economic growth and a new national report has revealed how significant it can be in closing the productivity gap.

Two thirds of private sector productivity growth between 2000 and 2007 was driven by innovation, claims a new report by NESTA.

The findings are revealed in The Innovation Index: Measuring the UK’s investment in innovation and its effects (PDF, 1.59mb), the most ambitious attempt yet to measure the contribution of innovation to the UK’s economic growth.

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Research suggests mounting problems for gaming firms

NESTA’s recent report It’s Time to Play suggests the UK video games sector faces ‘serious and mounting problems’ as a result of a variety of factors including the emerging trend for experienced staff to leave the UK in favour of competitor countries where government support is strong.

The report, based on a survey of 30 leading British video games developers, suggests widespread support among respondents for introduction of tax credit for cultural games.

Research in this field carries a particular relevance to the West Midlands which is host to 19% of the UK’s gaming workforce (Burns Owens Partnership, 2007) and a cluster of high profile game developers including Codemasters, Blitz, Freestyle Games and the Serious Games Institute.

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