Innovate Local visits Halifax

Dean Clough Mills

Author Charlesdrakew  Source Wikimedia Cinnions

 

Jane Lambert

United Kingdom Research and Innovation ("UKRI") was established by s,91 (1) of the Higher Education and Research Act 2017. It consists of 9 bodies one of which is Innovate UK. Innovate UK is the national innovation agency.  It helps businesses grow through the development and commercialisation of new products, processes, and services,

Innovate Local promotes UKRI and Innovate UK to the regions. On 14 Nov 2023, it held an event for West Yorkshire businesses at Dean Clough Mills in Halifax,  The day began with introductions from UKRI and Innovate UK executives, Tracy Brabin, the Mayor of West Yorkshire, and other local authority leaders.  It was followed by success stories from business owners.

A buffet lunch was served between 12:00 and 13:00 which offered a chance to visit the stands of local universities and agencies.  The University of Huddersfield stand was staffed by Prof. John Allport who teaches Turbocharger Engineering in the Department of Engineering and Technology.  Prof Allport and I had an interesting discussion on why relatively few women make careers in engineering.  In his view, too many girls (but not boys) are encouraged to believe at an early age that maths and science are not really for them.  Other countries do not seem to have that problem to anything like the same extent.   That accorded with my experience.  It may have a lot to do with very early specialization in England and Wales.

After lunch there was a choice of breakout sessions between 13:00 and 14:00:

• "Inclusive Innovation - by and for everyone"
• "Healthcare Innovation: funding and cluster opportunities" and 
• "Supporting your Business Innovation Journey."

I chose "Healthcare Innovation! in the hope of hearing about such initiatives as Bradford University's Institute of Pharmaceutical innovation. There was plenty of information about the biomedical catalyst and support for SMEs in the healthcare technology sector.  There was an interesting case history from one of those companies.  There was some discussion about medical devices but nothing on pharma as such. However, I did learn that the West Yorkshore Combined Authority had an interest in health tech.  Through exploring its web pages on health tech I discovered a five year Healthtech Strategy for the region.

Between 14:00 and 15:00 the choice lay between:

• "West Yorkshire Manufacturing Cluster"
• "Women in Digital Innovation Network" and 
• "Financing your Business Innovation Journey."

I attended the financing session and found it was the most interesting of the day.   There was a panel of angels and venture capitalists chaired by Basit Mohammed, Knowledge Transfer Manager ‑ Regional Investments Innovate UK KTN.  There was one entrepreneur who had actually started a business and it was interesting to see the tangible support that was actually available.   As most of the seats had been taken by the time I arrived I found myself an excellent heckling position at the back of the room.  I asked about valuation of start-ups when their only assets were a patent application at best.  I was looking to the private equity investors and I did not really get a clear answer about any of that.   I also asked the VCs about flotations on the Alternative Investment Market  for successful scale-ups.   I got the impression that it was still early days.

This is trhe second Innovate Local event that I have attended,   I was at a similar event in Bradford last year (see Innovate Local West Yorkshire 22 Oct 2022).   It is very important for intellectual property lawyers - particularly barristers - to attend events like these. It enables us to keep tabs on what is happening to businesses that may require legal advice and representation.   Anyone who wants to discuss this article may call me on 020 7404 5252 during UK office hours or send me a message through my contact form.