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Current Affairs: Dr. Hermann Hauser in conversation with Will Hutton

Thursday, 09 September 2010
09:30 - 11:00
The Work Foundation, 21 Palmer Street, London, SW1H 0AD

Over the past decade we were able to rely on growth fuelled by financial, construction and property services – the remaining jobs were provided by a public sector boosted by tax receipts from a boom economy. These areas can certainly not be relied on to drive growth today. As we set out within our recent paper Innovation, Creativity and Entrepreneurship in 2020, the challenge in the recovery will be to rebuild our economic model around investment and innovation with little direct public money.

A key element of this will be ensuring that the economy translates bright ideas in universities into new products and services, new business ventures and new jobs. The UK must develop a translational infrastructure that bridges the gap between universities and industry in order to provide a business-focused capacity and capability that bridges research and technology commercialisation. Other countries already have such infrastructure, for example the Fraunhofer Gesellschaft in Germany.

Hermann Hauser is an entrepreneur who has helped four of the companies that he has worked with become billion dollar companies. He recently completed an assessment of The Current and Future Role of Technology and Innovation Centres in the UK. Central to this assessment was the discussion of a fundamental weakness within our innovation system:

The UK has a science capability second only to the US: an undoubted source of competitive advantage. However, it falls short on translating scientific leads into leading positions in new industries.

He will talk about his experiences working with companies to create and support innovative ideas emerging from research, and how the UK might correct its critical weakness in this area by drawing on the institutional arrangements of our trading partners.

Speakers:

  • Will Hutton, Executive Vice Chair, The Work Foundation
  • Herman Hauser, entrepreneur and venture capitalist

 

To reserve your place onto this event, please email ngryf@theworkfoundation.com and include your name, company, job title, email address and telephone number.

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