Chris Price-Jones Managing Director Tuesday 21 st November 2017
Supporting the Innovation Pipeline Strategies for Success in a Competitive Environment. @FoodMattersLive 21 st November 2017 13.05-13.20
Generic v Specialist Support Food industry entry demands specialist support even at early stages. Envision your idea Strategic development and good planning vital. Parallel not sequential activity. Innovative new products/services Doing R&D. Think international. Established and proven methodology You will not do it alone - Find the right support. Deliver Value for your customers Be Innovative & Agile embrace change. Innovate to Improve Plan and execute well.
Parallel Activity Bullet point
Why Listen to Us? Owned by our team around since 2004. Delivery of Major Programmes/Projects: Welsh Government Food Framework (current), Food Industry Roadmap, Workforce Development & IIP (09-15), High Potential Starts (12-15), Business Innovation (09-12), SMART Innovation (current), Food Div (14+), NutriWales (15+), Export club etc. WRAP, Wales Co-op, MAS/Growth Accelerator (England) (12-15), EU Interreg (09-14) EEN & H2020 (11-20), Innovate UK - I2S (15-19), Scale-up pilot (Current) FWSW Concept Development & Support Programme. Key Private Sector Clients and Projects
Corporate slide master With guidelines for corporate presentations Food Division Challenge Grow Welsh Food Businesses 30% growth by 2020 Sustainable, lasting, R&D based. Linked to a health agenda Reduce public sector costs.
Corporate slide ma Good Methodology Supports Sustainable Innovation With guidelines for corporate presentations Goffin and Mitchell, 2005
Market Making Nutritional Benefit Corporate slide master With guidelines for corporate presentations
Initial Brainstorm Points to remember: Involve all relevant people Be as wide ranging and far thinking as possible Do not consider constraints during this exercise Think both long and short term Questions to ask: Where do we want the company to be in ten years time? What are the problems we want to solve? What are our customers going to want in the future? What new things do we want to be doing? Outputs: Good number of research projects identified Wide ranging complexity Long and short term projects Completed Form 1.1 NPD - Model Screening Form for each idea
Envision the idea as a clear description that can be easily seen by others, covering the following checklist points. IPR how novel is your idea? Can you protect it? PIPELINE Is your product a one off or does it have other products that might spin-off from it? COMPETITIVE ADVANTAGE describe clearly the benefit of your idea over others LEGISLATION will current or developing legislation have any impact on your idea? PRO ENTERPRISE clearly state how keen you are to be active in the development MARKET what is the potential market? TIME TO MARKET give clear assessment of development time COST TO MARKET try to estimate what the cost of development will be
Envision the idea as a clear description that can be easily seen by others, covering the following checklist points. COMMERCIAL PARTNERS do you have any potential partners in mind? ROUTE TO MARKET how will you sell your product /service? MARKET SIZE what share of the potential market can you expect? COMPETITION conduct a competitive assessment LINKS do you have any links to large commercial organisations or funding sources that might assist the development of your idea? FUNDING what scale of funding support might you need to progress the project? REVENUE GENERATION what money will the product/service generate? In addition you will need to consider technical aspects of the product or change project in more detail and conduct some proving trials probably at laboratory scale at this stage.
Our Experience R&D Innovation Specialists Food Industry Track Record Translational Expertise Academia to Industry Government Programme Delivery EU Programme Delivery! From Idea to Implementation! Resource we do not just advise. Food Export Club.
Food & Drink
Innovation Examples
FoodWorks SW At the heart of Junction 21 Enterprise Area
North Somerset Food Enterprise Zone Multiple landowner signed up to innovative strategic joint marketing and investment group At completion Weston-super- Mare will be 16% larger - Bigger than the City of Bath
At the heart of Junction 21 Enterprise Area FoodWorks SW will be a dynamic food and drink Innovation centre, within the newly designated Food Enterprise Zone at Junction 21 Enterprise Area (J21EA) Weston-super-Mare, North Somerset. It is estimated that the Centre itself will create a total Gross GVA impact of 25.2m per annum and total gross job creation of 358. 11.3m of funding has been secured from the West of England LEP Regional Growth fund towards Phase One of the project. Construction is due to commence on-site September 2018. This Regional Centre of Excellence for growing food and drink businesses is being driven forward by North Somerset Council in partnership with business, industry specialists and academia to act as a key stimulus for innovation and change and create a strong focal point in the development of J21 EA. Gross GVA impact of 25.2m per annum and total gross job creation of 358
Heading here over two or so lines Some text here around the architects images of the planned space for FoodWorks SW
A Recipe for Success FoodWorks SW will play a critical role in supporting this sector whose growth is known to be limited by the lack lacks of food-grade premises, specialist product development facilities and access to technical expertise. The Centre, co-designed with business will be key to boosting productivity levels, export growth, job creation. FoodWorks SW will be well placed to work with industry innovators and entrepreneurs to help re-formulate food and drink that address the Government s health and wellbeing agenda. A key focus of the Centre will be to raise aspirations and attainments by delivering skills for growth that will have a positive impact on the region s population. The South West food and drink sector is one of the strongest regional sectors in the UK with over 2,200 businesses and over 60,000 employees. Approximately 12% of England's food and drink manufacturing employment is in the South West.
FoodWorks SW will offer: Hands on technical and specialist business support to ensure businesses fly A regional Business Engagement hub comprehensive specialist support under one roof Much needed affordable foodgrade premises for start-up and growing businesses High Quality Product Development facilities to encourage innovation & knowledge transfer
Client North Somerset Council Main Contractor Willmott Dixon Architect AWW
Key Components of FoodWorks SW 12 food-grade business units to lease, 1000 1500 sqft, easy in easy out terms with access to on-site technical support and product development facilities. 4 Product Development/Proving units, lab, test kitchen to provide businesses across the region with the ability to conduct trial runs, scale up, reformulate and use of commercial grade equipment prior to taking up a unit. Business Engagement Centre to provide a focal point for food and drink producers across the region bringing together specialist, affordable and accessible business support and vital training & skills support.
Key Milestones May 2017 July 2017 Aug 2017 Dec 2017 April 2018 Dec 2018 Jan 2019 Full planning permission submitted Planning permission obtained Formal grant offer letter received Construction starts on-site Centre Operator appointed Substantial construction completed Centre operational The South West food and drink sector is one of the strongest regional sectors in the UK with over 2,200 businesses and over 60,000 employees. Approximately 12% of England's food and drink manufacturing employment is in the South West.
Chris Price-Jones Managing Director 01656 861536 Tuesday 21 st November 2017