entrepreneurship continues unabated within the united kingdom
- Paper number
IAC-08.E6.1.11
- Author
Mr. Adam Tucker, HBIC UK Space Innnovation Centre, United Kingdom
- Coauthor
Mr. Bill Collins, HBIC UK Space Innnovation Centre, United Kingdom
- Year
2008
- Abstract
In the UK over 90% of the businesses are SME’s and large businesses have a history of buying in innovation from the small entrepreneurial enterties.
Innovation centres are expanding in the UK and in our area alone we have had expansion or creations worth circa £15 m this year alone.
Innovation \Incubation centres form a major catalyst for individual Entrepreneurs especially when they require high technology facilities.
Innovation \Incubation centre’s provide commercial development and support packages and support \complement the outputs from the academic institutions, where pure research is more evident than commercial awareness.
When looking at dynamic Entrepreneurs you have to look at
- Entrepreneurs are trail blazers – others turn the ideas into a refined road
- Entrepreneurs may not be commercial; there is a need to combine them with corporate structures
Managing the European SATNAV Competition for the UK over the last 3 years has encouraged navigational projects covering areas like Enhancing Performance {Sports, Gaming}, Geospatial and Seismography, Traffic Modelling, Rail Network Monitoring.
Evidence of the national and international appeal via HBIC can be seen through the profile and level of participants in the UK SATNAV Challenge and in the national roles we are taking in other programmes.
To do this we have to address these perceptions
- That space projects are massive; this is misleading and private investment can be relevant for relatively smaller projects
- Can the IP be protected or is it just software
- Possible long lead times to generate revenue
- Private investment could equal business angels or VC’s
- Differentiate between large company’s desires, SME’s capabilities and their respective time lines
- Problems between private investors and government sponsored buyers and the arbitrary behaviour with government budgets
- The only way to exit is through a sale to a government or quasi government body with all its bureaucratic problems
- Bureaucracy is a deal breaker
Tools of the trade
- A large database linking many major industry figures_like Boeing
- Support to the individual Entrepreneur through moulding their approach so that it is digestible by the large corporates
- Competing with large players needs routes to expansion funding and management capability
- Recognition of the barrier between major industry figs and supply chain, which often involves SME’s
- Abstract document
- Manuscript document
(absent)