To innovate, we need to try things out; to experiment. But how do we select the right experiment? How do we choose? Whenever we conduct an experiment, we want the maximum information at the minimum cost. Experiments should be as
Last Friday I attended the annual Business Green Technology Awards. I always enjoy these events as they provide a great snapshot of innovation activity in the cleantech sector in the UK. This year I was a member of the judging
We know that business needs to innovate. Whether a startup, established SME or major industry player, new customer offers are critical for survival. We also know that most innovations fail in the market; despite our enthusiasm, creativity and persistence. We
In 1955 C. Northcote Parkinson wrote an article in The Economist that introduced the world to Parkinson’s Law – “work expands so as to fill the time available for its completion”. An observation so universal in application that it is instantly recognisable
One of the fascinating things about innovation projects is the way that they evolve and change as the project progresses, and how they leave echoes long after the project has finished. In 2012 I was involved in setting up the
Since the IET published our report “Scaling Up Retrofit 2050” several people have asked me why the emphasis on ‘deep retrofit’? Taking today’s properties and upgrading them to 2050 energy efficiency standards in one step. Wouldn’t it be better to
The challenge of retrofitting 26 million homes In the UK we face a stiff challenge. The Climate Change Act of 2008 sets a legal target to cut greenhouse gas emissions by 80% by 2050. Every part of the UK economy
Every year I try to get to the Cenex Low Carbon Vehicles show at Millbrook. Now ten years old, this exhibition gives me a chance to see where we are up to on our journey to zero-carbon transportation. You
Correctly pricing a new product or service is vital. Too high and you get no customers, too low and you leave money on the table. Either way you burn through cash so your innovation, and possibly your company, fails. Pricing
A large part of the world’s population has experienced a dramatic heatwave in the summer of 2018. We have felt the impact of high temperatures and low rainfall, and we have seen dry rivers, empty reservoirs, and wildfires from all over
When you are only working on one innovation project at a time, you can give it all the care and attention it needs. There are no competing resource demands; at least for creating new products and services. Life gets more
For many years I have been fascinated by the idea of disruptive innovation and technologies. Whilst disruption certainly happens, there are plenty of historical examples of that, I don’t think you can identify which innovations will be disruptive and how
[This article was co-authored by Darren Ragheb of CPI and Richard Miller] At the end of 2017 the natural history programme, Blue Planet II, dramatically pushed the impact of waste plastics on the oceans into public eye. Since then, the topic
Last week I visited the Rushlight Summer Showcase in London. This brings together clean technology companies looking for investment and potential investors. The companies give a series of five-minute pitches to an investor panel, and there is also an exhibition
Business is all about knowledge and understanding; of the market, your customers, competitors, technologies and systems. Thomas Stewart used to say that “the history of business is the history of managing knowledge”. That has been true for thousands of years
A while ago I wrote about why innovations fail, and I wondered about start-ups. Do they have the same problems, or are they completely different? How often start-ups fail is a matter of debate. A commonly quoted figure is that
Getting the right people doing the right jobs is one of the major challenges in a small, growing business. We each have our particular strengths and our favoured working styles. Teams need to evolve as the business develops, and getting
Sometimes in conversation you suddenly run straight into a conceptual brick wall. You seem to be discussing the same topic, but somehow you are approaching it from such different positions that there seems to be ‘your topic’ and ‘their topic’
We all recognise that it is hard to make change happen. This is nothing new. In the early 16th C Machiavelli commented in The Prince “There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain
There is a real challenge right at the heart of climate change policy in the UK. The Climate Change Act requires us to reduce carbon emissions by 80% by 2050, compared to a 1990 baseline. All parts of our economy
“Prediction is difficult, especially of the future.”; a quote so useful that it has been linked to everyone from Yogi Berra to Niels Bohr. Yes, prediction is difficult, but when we innovate it is essential. We should be thinking not only about the
To make progress towards a circular economy we need innovation. New products and services, new methods and new approaches. The challenge is, first of all, to find inspiration for innovative ideas, and secondly, to be able to compare different options
The topic of plastic waste and its environmental impact has rocketed up the political agenda in the last few weeks. Blue Planet II alerted the public to the impact of our waste plastics on the oceans and the life in
We live in a big and complex world faced with big and complex problems; climate change, population growth, environmental degradation and inequality. In these mega-challenges, as well as the apparently simpler task of running a city or creating a
The UK has a problem; rather a large one. The Climate Change Act 2008 commits the UK to reduce carbon emissions by 80% from a 1990 baseline by 2050. In 2016 the biggest single consumer of energy was transport at
Over the last few years, there has been a significant growth in interest in 3D printing. It has moved from clever demonstrations of technical capability, producing objects impossible by conventional methods, to commercial usefulness. Initially used for the creation of
I was recently at an event on innovation when the speaker put up the following quote from the design guru John Maeda: “…economies are built upon convergent thinkers, people that execute things, get them done. But artists and designers are
We never learn Do you ever get a sinking feeling as you start a new project or activity? A conviction that somewhere, at some time, a very similar project started, and yet we can’t seem to lay our hands on
Thomas Stewart said, “the history of business is the history of ways of managing knowledge.” Competitive advantage has always been about being better at using knowledge than the other person. And when you look back into the past, that has
The cost of renewable energy continues to fall, and more and more of our electricity comes from renewables and low-carbon sources. On one day in June the renewable electricity supply peaked at over half the UK’s demand, and National Grid
There is a tendency among many people to see sustainability as a moral crusade; the right way to run your business and lead your life. Others put it together with Corporate Social Responsibility (CSR) as about being a good neighbor,
Decarbonising heat A key challenge facing the UK is decarbonising the energy system. The UK is legally committed to reduce its carbon emissions by 80% by 2050 and eventually to net-zero under the Paris Agreement. Most of the focus in
A few years ago, I was working with the product development group of a technology company. I asked one of the managers how information flowed between the various groups involved in bringing a new product to market. “It’s simple”, he
On 7th September I visited the CENEX Low Carbon Vehicles event at Millbrook to find out what was going on in the world of low carbon transport. This was the 10th year, and in that time the topic has moved
It’s the time of year to start looking forward to the best innovation conference and showcase in the UK – Innovate 2017. This year it is taking place on 8th and 9th November at the National Exhibition Centre (NEC) Birmingham.
Why do people describe innovation as linear? I have always been fascinated by the process of innovation. How people identify opportunities, organise to create a solution, and then deliver it to the market. I have read hundreds of books, papers,
I did not know that! Looking out into Liverpool Bay from my home in North Wales, I can see several arrays of offshore wind turbines. I did not know that the latest turbines in the Burbo Bank Extension are so
A week ago, I returned from the 2017 Clean and Cool Mission to San Francisco and the Bay Area. Twenty of the best young UK clean technology companies, selected by open competition, spending an intensive week studying, debating and learning,
Innovators need to be persuasive In my career in industrial R&D and innovation I spent a lot of time trying to persuade people to give me the resources I needed to execute my ideas, or to persuade them to try
You Need More than Product Innovation Innovation is about much more than just creating a new product or service. Innovation should apply to all parts of a business; from supply chain and logistics to the relationship with customers and how
Cargo Cults During World War II, Melanesian islanders were astonished when the Japanese and American militaries arrived with vast quantities of supplies of all sorts, delivered by plane and parachute drop. These supplies found their way into the local economy
There is a lot of frustration in our inability to make our cities work more effectively for citizens. We can see the problems, and we have a large number of solutions being offered by everyone from big multinational engineering consultancies
Most new products and services launched onto the market fail to deliver the expected results. There is a big debate about how many fail. The numbers range from estimates of 80% – 90% all the way down to around 30%.
Since it was introduced to the wider business world by Clayton Christensen 20 years ago in “The Innovator’s Dilemma” the idea of ‘disruptive innovation’and ‘disruptive technologies’ has spread around the world. The insight that Christensen and his colleagues had was
There is a rapidly growing global market out there that you may not yet be thinking about. It is expected to be worth more than $2 trillion p.a. by 2030. It has an insatiable appetite for innovation of all types,
The right story in front of the right people If you are an ambitious company with plans for rapid growth, one key task is to get the right story about what you have to offer in front of the right
Sometimes I meet a business that is really keen to innovate, and are prepared to be super open-minded. They say things like: “We want to think out of the box.” “Nothing should be off the table.” “We are looking for
Innovation is risky! Innovation is a risky business. A very risky business. Innovators have to deal with many different kinds of risk throughout the development process: Market risks – are there customers for my new product or service? Commercial risks
On 2nd December 2016 I was delighted to receive a Lifetime Achievement Award for contributions to clean and green technology at the 2016 businessGreen Technology Awards ceremony held at the IET in London. James Murray, editor of businessGreen, made some
Innovation can fuel British export growth Businesses must think internationally to boost the economy, and innovation can be the secret to global success, says Richard Miller, deputy director at Innovate UK. A healthy export trade is crucial to the economic
