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Update to the Interim Review of the Connecting Capability Fund Programme

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Update to the Interim Review of the Connecting Capability Fund Programme UPDATE TO THE INTERIM REVIEW OF THE CONNECTING CAPABILITY FUND PROGRAMME To inform the case for continued public funding for shared best practice, capability, capacity and collaboration in university commercialisation Authors: Elaine Eggington, Rupert Osborn and Emma Walker, IP Pragmatics Ltd October 2020 Commissioned by Research England Update to the interim review of the CCF programme ACKNOWLEDGEMENTS IP Pragmatics would like to thank all those who have provided input into this study, including the project team at Research England, and in particular all those within the CCF project teams who have contributed information to the work. We acknowledge the efforts made by these individuals to provide the requested information and arrange in-depth interviews at short notice. About IP Pragmatics Limited IP Pragmatics (www.ip-pragmatics.com) helps our clients to create, progress and realise value from their intellectual property assets through the provision of integrated commercialisation and intellectual property management services. We are a specialist IP and technology management consultancy which combines intellectual property, technical and commercial expertise with a practical and pragmatic approach. Working in technology transfer for over 20 years, IP Pragmatics is a trusted, independent partner to universities, research institutes, public sector organisations and companies in over 20 countries. Our team of experienced ex-industry, university TT and IP specialists has active global industry networks and contacts. We use this collective expertise alongside extensive market, IP and scientific information resources, to provide analytical rigour and practical insights. London | Edinburgh | Sydney +44 (0) 203 176 0580 [email protected] 2 | Page Update to the interim review of the CCF programme CONTENTS Acknowledgements ................................................................................................................................. 2 1 Executive Summary............................................................................................................................ 4 2 Introduction ....................................................................................................................................... 8 2.1 Aims of this evaluation ................................................................................................................ 8 2.2 Methodology ............................................................................................................................... 9 3 Potential key impacts of the CCF programme ................................................................................. 11 4 Key outputs and outcomes to date ................................................................................................. 13 4.1 Training & skills ......................................................................................................................... 13 4.2 Enhanced commercial readiness .............................................................................................. 15 4.3 Benefits to spin-outs ................................................................................................................. 18 4.4 Enhanced industry engagement ............................................................................................... 19 4.5 Investment ................................................................................................................................ 22 5 Best practice and lessons learnt ...................................................................................................... 24 5.1 Enhanced KE practices .............................................................................................................. 24 5.2 Challenges faced ....................................................................................................................... 27 5.3 Sustainability ............................................................................................................................. 29 6 Added Value ..................................................................................................................................... 30 6.1 Increased collaboration ............................................................................................................ 30 6.2 Benefits to local ecosystems ..................................................................................................... 31 6.3 Overall value ............................................................................................................................. 32 Appendix 1: Acronyms and abbreviations used in the report .............................................................. 33 Appendix 2: List of those interviewed .................................................................................................. 35 3 | Page Update to the interim review of the CCF programme 1 EXECUTIVE SUMMARY The Connecting Capability Fund (CCF) Programme is a £100 million Government-funded initiative to encourage collaboration between universities in their research commercialisation activities. The programme has funded 18 innovative projects, each involving at least three Higher Education Institutions (HEIs) in England. This funding was allocated to complement and build on established Higher Education Innovation Funding (HEIF) mechanisms and is administered by Research England (RE). The projects began in April 2018, and are now due to run for just over three years until June 2021. Last year, IP Pragmatics delivered an independent interim review of the CCF programme as a whole in order to understand the potential impact of the programme, and to inform discussions about future spending on initiatives of this kind. Research England has now commissioned an update to this earlier review to gather evidence of further activities, outputs, outcomes and impacts from the programme over the past year. The aim is to provide evidence of the potential value of a programme that supports collaborative commercialisation practice. This will complement later assessments which are planned for the evaluation of the individual projects. As before, progress over the last year has been assessed against the same logic model that was used in the previous report, reflecting the objectives of the CCF programme, which are: To strengthen the contribution of English HEIs to productivity and economic growth and to delivery of the objectives of the Government’s Industrial Strategy, by: enhancing effectiveness in use of the university knowledge base to deliver commercial and business applications and wider applications for the economy and society, through: stimulating strategic collaboration between HEIs across England which: • delivers pooling of KE expertise and capabilities so that businesses and other users can access a range of KE offers or critical mass of knowledge • builds capacity to provide cross-university responses to technological or industrial sectoral or inter-disciplinary challenges, or to regional alignments and challenges • incentivises sharing of expertise in KE and commercialisation and dissemination of good practice across the HE sector. This update to the interim review is based on insights from telephone interviews with representatives from each of the CCF projects and selected other stakeholders which took place in September and October 2020. This has been supplemented by an analysis of documentation provided by RE and the CCFs, including key performance indicators (KPIs), case studies, websites and other relevant background information. At this stage, quantitative evaluation is not appropriate, and instead an anecdotal approach has been taken to identify illustrations of positive outputs and outcomes. This report does not repeat the background and findings reported in the previous interim report, and should be read in conjunction with that document: Interim Review of the Connecting Capability Fund Programme, by Elaine Eggington and Rupert Osborn, IP Pragmatics Ltd. 4 | Page Update to the interim review of the CCF programme Key Findings • Progress against the Key Performance Indicators for individual projects can be used to demonstrate some of the activities and outcomes achieved by the CCF programme as a whole to date. Note: these figures are estimates only due to incomplete data, and difficulties of comparison across projects. o Number of people trained: 4,761 o New products/services in development: 1,523 projects o Number of spin-outs created: 49 o Number of businesses engaged: 735 o Number of businesses networked: 4,377 o Project leverage: £152,059,034 • Following on from the successes reported in the previous review, further evidence was found of good outputs and outcomes spanning training & skills; commercial readiness; spin-outs; industry engagement; and investment. • Over the past year, many more case studies of positive outcomes have emerged, particularly of good progress with enhancing the commercial readiness of translational projects, and of positive outcomes from industry engagement. • Although spin-outs and raising investment funds are expected to take longer to achieve, probably longer than the 3-year timespan of the CCF scheme, progress has been made in these categories too, in particular the successful raising of the £1.7m Northern Accelerator Seed Investment Fund which will form the basis for fundraising for a larger £80-100m fund by their VC fund partner NorthStar Ventures.
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