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
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
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’
“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
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
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
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
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,
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
“Social Styles – an Influencing Tool” We all want to influence or persuade other people. We want to recruit their support, to gain investment or access to resources, to form a partnership, or to get them to try something new.
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
Global Trends and Drivers for the Chemical Industry A review of the most important trends and drivers for the Chemical Industry published in 2009. Five key trends were selected for each of the five headings: Societal change Technological change Economic
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
Innovate UK boss: ‘Innovation is always a conversation’ Governments can play a role in innovation by formulating problems and linking people up so that innovators can come up with solutions, Richard Miller told EurActiv Slovakia. Richard Miller is Deputy Director
“Platform Chemicals from Crops”. Opportunities to build a new chemical industry based on conversion of crops to key chemicals. Society will continue to need the products of the chemical industry to deliver the quality of life expected by the developed
“Model Driven Projects in the Chemical Industry” Knowledge models can provide real benefits everywhere from developing new products and reducing manufacturing costs to helping frontline support staff to solve customer problems. Models allow users to ask questions that are extremely
“Green Chemical Technology Roadmap” The UK chemical industry is a vital part of our economy. It accounts for 2% of UK GDP and 10% of manufacturing gross value added. It is UK manufacturing’s largest exporter. The industry’s products pervade our
