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F4 s scale up summary presentation (leeds) march 18 2016

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Information about F4 s scale up summary presentation (leeds) march 18 2016

Published on March 18, 2016

Author: sherrycoutu1

Source: slideshare.net

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1. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE SCALE-UP SKILLS BRIEFING DRIVING ECONOMIC GROWTH Sherry Coutu CBE #scaleup http://www.scaleupreport.com

2. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Scaleups Skills & LEPS THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup

3. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “First mover advantage doesn’t go to the first company that launches, it goes to the first company that scales.” Reid Hoffman, co-founder of Linkedin THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

4. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Definition A ‘scale-up’ is an enterprise with average annual growth in employees or turnover greater than 20 per cent per annum over a three year period, and with more than 10 employees at the beginning of the period THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

5. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Start-ups are not SCALE-UPS Any size* Any age Any sector Any region THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup

6. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE We are doing very well on Start-ups...

7. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE But we are doing less well at growing them (!)

8. ● 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 The Scale-Up Skills Briefing #scaleup Sherry Coutu CBE

9. 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 The Scale-Up Skills Briefing #scaleup Sherry Coutu CBE

10. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “Competitive advantage doesn’t go to the nations that focus on creating companies, it goes to nations that focus on scaling companies.” THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

11. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 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

12. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “This report makes a compelling case for getting behind the UK’s high growth ‘scale-ups’ and I hope all political parties seriously consider its recommendations. These firms are already having a transformational impact, we just need more of them to grow. Helping them access the talent they need, develop their leadership and access new markets are the priorities.” John Cridland, Director-General CBI

13. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE These recommendations focus on steps that can enable and leverage local networks and provide them with actionable insights to mobilize collective action; the mind-set is one of using existing resources more effectively, not just providing more support. Michael Porter, Harvard Business School THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

14. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “Economic growth doesn’t happen in LEPS that focus on startups or large companies, it goes to those that focus on scaling companies.” THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

15. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE “This report is a welcome contribution in the context of Greater Manchester’s recent devolution deal with Government and will support us as we look to deliver targeted business support to our local high growth firms.” Mike Blackburn Chair of Greater Manchester LEP

16. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 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 #scaleu

17. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE https://www.founders4schools.org.uk/local-authorities/#/

18. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE https://www.founders4schools.org.uk/women/

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

20. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE World leading universities such as Cambridge play a crucial role in creating business through the generation of innovation, entrepreneurship, and funding opportunities, but it is the talent and expertise of our students and academics that will help these businesses grow.” Leszek Borysiewicz, Vice Chancellor of Cambridge University THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE#scaleup

21. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Key Factors for a successful Scale-up ecosystem IN SUMMARY

22. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE The Report identified 6 main gaps as to why companies do not scale in the UK … THE SCALE-UP INITIAT Sherry Coutu CBE #scaleup 1. The Evidence Gap: public and private sector organisations identify, target and evaluate their support to scale-up companies. 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 Customer Gap: accessing corporate customers in other markets / home market 5. The Finance Gap: accessing the right combination of finance 6. The Infrastructure Gap: navigating infrastructure

23. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBETHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE http://www.scaleupreport.com #scaleup ✔✔✔ ✔✔✔ ✗✗✗ ✔✔✔ ✔✔✔ ✔✔✔

24. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE REPORT RECAP Skills & LEPS THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup

25. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

26. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE KEY RECOMMENDATIONS Recommendation 3 Ensure that students at schools, colleges and universities come into contact with the top 50 scale-up business-leaders within 20 miles of their establishment Case Studies: Estonia, Founders4Schools, NACUE, Telefonica’s Think Big #scaleup

27. I would be able to grow my company faster if university graduates had the skills needed to meet my customer demand. 82% OF 163 SCALE-UPS AGREE 79% OF 442 CEOs AGREE

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

29. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 990,000 1,200,000 . Source: Adzuna THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THERE ARE A LARGE NUMBER OF ‘OPEN POSITIONS’ These open positions present a productivity problem because the businesses are turning away customer orders because they can’t get the staff…. #scaleup

30. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 1M Number of new science, engineering and tech professionals required in the UK by 2020 (Royal Society 2014) 5.8M Number of people forecast to be needed in the app economy by 2018 (OECD) THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

31. Job Creation is linked to companies that are high growth (2015) 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 The Scale-Up Skills Briefing #scaleup Sherry Coutu CBE Source: Octopus investments – hgsb study released Oct 20 2015

32. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 100 % Net New Jobs created in Europe in the past 5 years were from companies less than 5 years old…. THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE PACE OF CHANGE IN OUR ECONOMIES IS HIGH AND INCREASING

33. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

34. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

35. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

36. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBETHE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE JOBS OF THE ‘OLD ECONOMY’ JUST DON’T EXIST ANYMORE’ #scaleup “1 Billion young people will start work in the next decade - only 40% in jobs that now exist” The Economist, 23 Jan 2016

37. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

38. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

39. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

40. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

41. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE THE SKILLS GAP IS SET TO GET LARGER…. #scaleup

42. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE KEY INFLUENCERS #scaleup

43. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

44. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Teacher Productivity

45. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Learner Attainment

46. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 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

47. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

48. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

49. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE REPORT RECAP Skills • Case Studies Review of LEPS THE SCALE-UP INITIATIVE Sherry Coutu CBE#scaleup

50. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

51. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE free to use productivity gains Parental engagement 35 million users, teachers and students, in over 220.000 schools across the world to date.

52. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 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.

53. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

54. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE 35 million users, teachers and students in over 220.000 schools across the world to date.

55. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE free to use time savings learner STEM attainment gains Massive cost savings to the ‘system’

56. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

57. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Assistance in choosing the most relevant speakers: By Curriculum Relevance

58. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Assistance in choosing the most relevant speakers: By Gender & Curriculum

59. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE

60. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE If you clicked the blue ‘hat’, you go to the event page which shows that the teacher asked these leaders to visit during a day they spoke about college applications to 90 Year 11 Students at this school. The teacher had chosen three leaders to illustrate careers in this instance.

61. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Impact 54% of ‘students’ choose a STEM subject after a teacher uses our service

62. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Work Experience Pilot: #scaleup

63. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Timing of the intervention is key #scaleup

64. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local business leaders visit local schools across the country Business Leaders Spread Most Deprived Areas

65. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local business leaders visit local schools across the country Most deprived areas Events Spread

66. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local business leaders visit local schools across the country Most deprived areas Business Leader Spread by LEP

67. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE National Benchmarking: Cambridge Leads!

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

69. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE This service allows the viewer to find women-led businesses in any locale. In this case, you can see that the viewer has chosen to view the women- led businesses growing by 20% or more (there are 42) By clicking on any of the icons, this will take the user to information about the company

70. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE F4S tracks the number of student-employer interactions per LEP Note that Cambridgeshire has 354 Business leaders with revenues of more than £1 Million

71. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE This website allows the viewer to find women-led businesses in any locale. In this case, you can see that the viewer has chosen to view the women- led businesses growing by 20% or more (there are 42) Clicking on the red icon, will take the user to information about the company Clicking on the blue icon, will take the user to the school that invited the business leader into their classroom

72. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Inspiration is local Cambridge Leads Student-Employer Interactions per 100,000 of population

73. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE But is it enough? Year 9 Students 8309 Year 10 Students 8481 Average Number of Students at an event 83 Average Number of Business Leaders per event 4 Necessary Number of Student-Employer Encounters 67,160 Number of events needed for Year 9 & 10 population 202 Business Leaders needed 809 Avg anticipated interactions per business leader 2.9 SHORTFALL 58,544

74. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Together we can eradicate the Skills Gap Corporate: • Dramatically drive down the cost of delivering the teacher workshops (to zero) and • Provide rewards to teachers for referring their fellow teachers to the training workshops • Provide rewards to teachers for booking multiple events using the platform. • Refer women from an engineering background to f4s as volunteers: We often run low on ‘female inventory’, particularly in STEM subjects in Cambridge. • Offer work experience • Provide workshops at Schools for year 9 and 10 teachers on how to use tools like F4S. If you are a School Governor: • Help us sign up schools to the Assessment Research Exercise • Recommend a Teacher If you are a Parent: • Recommend a Teacher

75. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE Together we can eradicate the Cambridge Skills Gap

76. |THE SCALE-UP REPORT ON UK ECONOMIC GROWTH Sherry Coutu CBE SCALE-UP BRIEFING LEPS DRIVING ECONOMIC GROWTH Sherry Coutu CBE #scaleup http://www.scaleupreport.com

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