The Health Foundation Annual Reception (14 March 2016)

Scaling up Innovation
Sherry Coutu CBE
#scaleup
The Health Foundation Annual Reception, 14 March 2016

Speed of Technological innovation
(General, Transport, Education)
Scale-up Report Recap
Recommendations / Provocations…..

|THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE
ENTREPRENEURSHIP
2000
Floated second Start-up
1986
Came to the UK from Canada to
study at the London School of
Economics
1987
Became a Computer
Programmer
1991
Studied Business at Harvard
1994
Joined my first
‘start-up’
1995
Founded second Start-up
Sherry Coutu CBE < 2000
1997
first ‘startup’ sold
#scaleup

THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

The pace of Technological Change in learning & education
• Relationship to learners and teachers
• Edmodo
• Founders4Schools
Policies that encourage teachers & learners to adopt and adapt
• Release of Key Data (api) so you can monitor impact
• Monitoring experiments for impact and then scaling the high impact
• Relationship to productivity & macro-economic growth

Teacher Productivity

Learner Attainment

Figure 4. The value of Apps in helping learning (students)
(Longfield iPad Research, 2012)
Figure 5. The value of Apps in helping teaching (staff)
(Longfield iPad research, 2012)
Teacher ProductivityLearner Attainment

Edmodo, a safe platform where teachers and students
can collaborate, share content, and leverage
educational apps to augment in-classroom learning
Edmodo is interesting because of the way it has molded
social into a shape that suits education at the K-12
level: as a free service that's teacher-friendly and easy
for school districts to adopt, typically after they find
out their teachers are already using it.
Using Edmodo, teachers invite students into private
groups that can be used for online classroom
discussions, but in a format that keeps the teacher
firmly in control.

Facebook has brought us closer to our
friends, LinkedIn has provided us with
invaluable business tools, and Twitter has
brought the world to our fingertips.
Edmodo has been bringing the power of
the web and mobile to students and has
become the largest social learning network
in the world for K12 education.
Founders4Schools has brought the power
of linkedin to teachers so their students
can explore businesses within 5 miles of
the school’s location and invite them to
speak to students or help the students get
work placements….

free to use
productivity gains
Parental engagement
35 million users, teachers and students, in over 220.000 schools across the world to date.

free to use
time savings
learner STEM attainment gains
Massive cost savings to the ‘system’

Timing of the intervention is key
Cost of creating an employable person
#scaleup

Recommendations

We are doing very well on Start-ups...
The Scale-Up Institute scaleup Sherry Coutu CBE

But we are doing less well at growing them
The Scale-Up Institute #scaleup

Research by the academic David Storey has found that the
median annual sales of a six-year-old firm in the UK are less than £23,000
£ 23,000
#scaleup

“SCALE-UP” DEFINITION
An enterprise with average annual growth in employees or turnover greater
than 20% per annum over a 3 year period, and with more than 10 employees
at the beginning of the period
www.scaleupreport.org
The Scale-Up Institute #scaleup Sherry Coutu CBE

Research by the academic David Storey found that
Just one per cent have sales of more than £1 million six years after they star
1 %
#scaleup

Very Few Start-ups Survive and Grow
UK businesses that started in 1998 – 10 years later and beyond
221,731
83,165
8,649
5,934
All businesses that started
with at least 1 employee
Businesses that survived in
2008
Survivors with 10+ employees in
2008
Survivors that achieved at
least 1 year of high growth
100%
37.5%
3.9%
2.7%

Key Factors for a successful Scale-up ecosystem
IN SUMMARY

Collaboration is key
#scaleup

● The UK has a lower share of large
businesses than the US.
● Large firms with more than 250
employees account for 0.5 per cent
of firms in the UK but 0.7 per cent in
the US.
● This lack of ‘scale up’ means the
economy as a whole loses on
productivity and growth.
THERE IS A SCALE-UP GAP

8,923
Scale-Ups in
England

NET Impact of closing the scale up gap in 20 years
225,000,000,000
THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup
http://www2.deloitte.com/uk/en/pages/strategy/articles/the-scale-up-challenge.html

The Scale-Up Report identified 6 main gaps to
focus on:
1. The Evidence Gap: public and private sector identify, target and
evaluate their support to scale-ups.
2. The Skills Gap: improve the ecosystem so scale-ups can find
employees with the skills they need
3. The Leadership Capacity gap: building their leadership capability
4. The Export Gap: accessing customers in other markets/home market
5. The Finance Gap: accessing the right combination of finance
6. The Infrastructure Gap: navigating infrastructure

Job Creation is linked to companies that are high growth
In the UK, HGSBs created the equivalent of approx.
4,500
new jobs every week
3 X as many new jobs as the FTSE 100
Source: Octopus investments – hgsb study released Oct 20 2015

SCALE-UPS ARE NOT START-UPS
Scale-ups have different needs
ROI in Scale-ups has big pay-offs for Economic Growth
So we should focus some of our attention and policies on scale-ups
www.scaleupreport.org

SCALE-UPS ARE THROUGHOUT THE COUNTRY
Scale-ups are found in each of the 39 LEP
areas in England and 6,659 (75 per cent) of
the total 8,923 scale-ups are located outside
of London.
On average a LEP will have approximately 228
scale-ups in their area.
These in turn can be grouped into the Number
of scale-ups companies that employ between
• 10 and 49 employees,
• 50 and 250 employees,
• >250 employees
#scaleup

http://www.svc2uk.com/the-royal-society-science-50-index/
“The Science 50”
Royal Society’s list Illustrates the extent to which
science-based scale-ups are a nationwide
phenomenon.
36 (72 per cent) of the top 50 fastest growing science-
based companies are located outside of London.
These 50 science-based companies increased their
revenues by an average of 92 % between 2012 and
2013, achieving a combined annual turnover of more
than £1.3 billion.
Adding more than £600 million to national output last
year.
SCALE-UPS ARE MORE THAN DIGITAL
SCIENCE ONES GREW 92% LAST YEAR…..
#scaleup
http://www.scaleupreport.com

Provocations…..

Doctor Productivity

Nurse Productivity

Administrator Productivity

Patient Outcomes

free to use
productivity gains
Patient outcomes
free to use
productivity gains
Patient outcomes
productivity gains
Patient outcomes

Policies that encourage doctors and Nurses and administrators to adopt and adapt
• Release of Key Data (api) so you can monitor impact
• Monitor experiments for impact and
• Then scale the high impact

Key Recommendations
1. Release data on innovations
2. Identify the top 50 innovations in the NHS
• by productivity gains
• By patient outcomes
• By cost per intervention
• By NHS Trust
3. Assist the roll-out and adoption of those innovations that work

Release
Data
Increase
Collaboration
Improve Skills
Develop
Leadership
Assist International
Expansion
Champion
success stories

The Health Foundation Annual Reception (14 March 2016)

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The Health Foundation Annual Reception (14 March 2016)