Rail Accelerator Network Raphael Ani Wayra Mark Pettman Platform X David Rowe Network Rail 1
2 Industry recognises the challenge and opportunity
But two challenges exist to achieving it. We will solve the second one. Strategically aligned Universities and Research Capability Collaborative University/ Industry Innovation Capability Coordinated Industry Development, Integration, Testing and proven availability Government grant support: decreases as the products approach market and supplier risk increasers: Supplier Risk: is at its highest when it needs to commercialise because demand is not visible: Revenues: information that a real market exists reduces the risk and enables a supplier to invest in anticipation of future revenues: o Research Proof / Demonstration Scale up Commercial sales 3 Rail Industry Readine ss Levels 1-3 Invention New ideas, emerging technologies are usually created in/ by the academic/ research/ innovation agent domain. Business plans are necessarily loose allowing the potential room to evolve and be understood 4-6 Development Promising ideas and concepts are developed and qualified by development and demonstration agents. Business plans are increasingly robust and end users are engaged with the concept being prepared for deployment 7-8 Exploitation First of Class deployment sees the concept earning value with end users acting as agents for delivery. Cost, price and risk are all well understood.
A distinct group of rail innovators, technology hubs and investors Tech Hubs Incubator Accelerator 4
Coming together to deliver The National Accelerator Tech Hub is self financing and its operating model bring together key strategies to support cross government priorities and business needs Award minimum of 1,000,000 each year to Start-ups / SME to fund their innovations, in addition to the investor financing it arranges It provides several clear routes to market in order to accelerate the commercialisation of late stage innovations It provides a nationally accessible and connected network of accelerators and tech hubs focused on enabling collaboration and meeting rail passenger needs; It will help Start-ups and SMEs to take greater ownership of innovation by harnessing the capabilities and facilities they need to grow successfully and expand our rail supply chain; It will help Start-ups / SMEs shape opportunities to integrate and scale up their innovations with end users so they deliver national impacts faster; and 5 Help to deliver the Secretary of State s vision, bringing track, train and passenger needs closer together.
National Accelerator Tech Hub: Capabilities of the Consortium A successful track record as an accelerator tech hub / incubator and an organisational ethos that is driving increasing innovation investment in the railway: Accelerator: Organisations delivering an application process that is open to all, yet highly competitive and involves the provision of pre seed investment, usually in exchange for equity. They focus on small teams not individual founders and provide time limited support, usually between three to six months, comprising programmed events and intensive mentoring to cohorts of start-ups rather than individual companies Tech Hub / Incubator: These organisations create an environment where things happen faster, people are smarter, ideas germinate and meeting investors is easier so that companies prosper They make start-up creation and development their immediate goal and tend to generate leads and contacts to accelerate their growth 6 Organisational Ethos Increase the levels of innovation investment in the railway and to prepare it for technological progress, and a prosperous future outside the EU
7 IM Accelerator Demo Day
It s real! Year 4: Innovation is a word we no longer need to define, it s just something we do 2018/ 19 2017/ 18 Year 3: Innovation is a Structure Year 2: Innovation is a Building Block 2016 /17 2015/ 16 Year 1: Innovation is a Concept 8
9 Award Winning Innovations
Accelerating technology uptake is a collaboration Develop Supplier success means making uptake easy Industrialise Commercialise Second valley of death Customer success means making it easy to supply Adapt to exploit (business change) 10
Introducing the Rail Innovation Commercial Accelerator Pathfinders Learn by doing Faster, effective commercialisation by changing the way we work Who s here from the team.. Apu Sinha Head of Innovation and Information Management at Network Rail Alison Dervis Partner in Transformation at EY Executive sponsorship Enablers Framework Likelihood of customer uptake Overall value 5 4 3 2 1 0 Strategic fit Potential for technical success Sharing tools and insights (the ecstasy of success and the agony of setbacks) Sara Ghani Innovation lead for Energy and Infrastructure at EY David Rowe Industry lead for integrating R,D&T into industry planning 11 Skills and capacity to deliver Return on investment Primary current funder =