Academic Enterprise: Working with Business Tempus Study Visit, 1 May 2014 Laura Woods, Director of Academic Enterprise
Welcome! 3 questions to answer: • Why do we work with business? • How do we work with business? • What challenges does it throw up, and what opportunities does it create?
Why work with business? • • Keep teaching & research up to date & relevant Student skills, confidence & networks for success Professional & personal development for staff University expertise for business growth Central role in supporting regional economy Reputation for excellence & business understanding Income generation
Universities’ role in economic growth Our longstanding mission now reflected in the national Government focus for universities: – – – Capitalising on research strengths Mobilising collaborative national clusters Supporting innovative local Small and Medium Enterprises Working at the heart of Local Enterprise Partnerships Central to work of Technology Strategy Board and UK Trade and Investment (national Govt-backed bodies)
Regional and national impact • Being there” –intrinsic value of physical presence, direct and indirect job and wealth creation • Skills and qualifications • Research, innovation and ideas • Enterprise and business development • Regeneration and culture impact on society • International recruitment and global collaborations This type of activity is measured nationally and locally
Measuring impact • Teesside University supports £ 2, 450 jobs per annum (Economic Impact Study, 2014) • Overall annual economic impact: £ 124 million GVA p/a • Business engagement figures (income, CPD, business creation, etc) collated annually from each University
Teesside’s business mission To help businesses with potential improve competitiveness through a unique combination of knowledge, innovation, facilities and ideas via: • A cohesive central team • An integrated business service • A single approach to business
How do we work with business? Department of Academic Enterprise Central resource, promoting University engagement with business and the community, through: • Coordination, guidance and support for Schools • Close collaboration with other departments • Being ‘out there’ - liaising with private and public sector organisations Reporting to DVC (Research & Business Engagement)
Key functions and activities – Business Team (Knowledge Transfer, workforce development, consultancy, commercialisation, Enterprise Europe Network) – Digital. City Team (fellowships, training, internships, business & community development) – Graduate Enterprise Team (start-up, incubation and entrepreneurship) – Regional Office (funding support) – Central Team (CRM, quality, performance, marketing, business intelligence)
What we do • • Network with businesses and business organisations Work with students, graduates and staff Liaise with stakeholders like local authorities, LEPs, agencies Develop new initiatives and find funding Deliver initiatives (Digital. City, EEN, enterprise and internships) Inform and implement business policy Run business processes Run events, produce and support marketing
How we work with business: The wider University • Business Engagement Strategy and Committee • Hub and spoke – central support & academic Schools • Assistant Deans (Business) and Business Development Managers in each academic school • Named staff in central departments • Named responsibility for academic quality of business partnerships
Features of an integrated approach • Strong relationships with Schools, through Assistant Deans and Business Development Manager team • A menu of tailored knowledge-based support based on academic expertise • Client Relationship Management – best in sector • Recognised customer service standards for all TU business work • Strategic alignment of initiatives for max impact
Staff incentives • • • Consultancy policy IP policy Finders’ fees Staff buy-out Staff development Business Investment Fund for commercial ideas
Wider partnerships • • • Other universities Local government and government agencies Business intermediaries Professional organisations Businesses themselves
Social Enterprise • Social Entrepreneur in Residence • Awards scheme for staff & students • Workshops & seminars • Networking opportunities
PD Ports: a package approach • • Accredited Foundation Degree Non-accredited training UCPD Port Security Consultancy
Student Entrepreneurship • Annual programme of events • Teesside Entrepreneurs Society • Enactus • Food Co-op
Digital. City • Over 10 years of partnership delivery • 250 digital businesses created • Cornerstone of regional strategy
In the last year… • Queen’s Anniversary Prize, Entrepreneurial University shortlisting, Outstanding Contribution to Business Incubation • 250 student & graduate internships • 880 organisations worked with • 2 major growth programmes for SMEs launched • 35 start ups and 21 social enterprise projects • 3, 300 employees on accredited programmes
How we work with policy makers • Key economic agencies, strong reliance on HE and FE • Active contributions to government policy, Strategic Economic Plans & European Strategies, through: – Higher skills – Research & innovation strengths underpinning LEP priorities – High-growth business and enterprise support – Capital investments
Darlington: A business campus
Challenges and opportunities • • Competition vs collaboration Balancing supply and demand - capacity and capability Getting the message out
Opportunities Working in partnership is a Good Thing! Exchanging knowledge and best practice – nationally and internationally Potential for replicating some of our models elsewhere We are more than open to discussion…
Thank you • l. woods@tees. ac. uk • www. business@tees. ac. uk
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