Inspiring innovation on an international stage

Photo caption: Team Leeds welcomes over a hundred leaders from government, business, universities, finance as well as entrepreneurs from across the world, who converge on Leeds to understand more about the region’s strengths and ambitions to inspire and support innovation.

Leeds and the City Region takes its place on the international stage this January, with visitors from across the world seeing first-hand how Leeds inspires innovation.

The visit is part of a prestigious programme, offered by the Massachusetts Institute of Technology (MIT) Sloan Global Programs, which shares experiences of building innovation driven ecosystems in more than 50 regions around the world.

Developing its own ambitious plans for the city and region, Leeds is hosting the MIT Regional Entrepreneurship Acceleration Program (MIT REAP) international workshop, taking the opportunity to showcase its strengths to global leaders.

Tom Riordan CBE, chief executive of Leeds City Council said:

“Leeds is an ambitious outward looking city that wants to learn and share with the very best in the world. The opportunity to collaborate with global leaders from nine different countries as part of the prestigious MIT programme is an unrivalled opportunity that we are grasping with both hands.

“We want Leeds to become the place that entrepreneurs who want to change the world and solve big societal problems come to start up and join with our existing thriving and innovative networks to make a big difference. We want to offer a place where innovators can feel supported and have the very best ecosystems to collaborate with and make a real difference not just to our economy but to our people. The fact that MIT have chosen to come to Leeds for this seminar and to see for themselves with other cities what we’ve achieved is a testament to the hard work of all members of the team and the opportunities that lie ahead.”

“We’re very proud that MIT has identified Leeds and the City Region as having the right ingredients to create a truly remarkable environment to support enterprise and inclusive growth,” said Professor Lisa Roberts, Deputy Vice-Chancellor: Research and Innovation, from the University of Leeds, who leads MIT REAP Leeds Team.

“To kick-start the week, we’re giving our international visitors a glimpse of how we’re creating an innovation-driven entrepreneurial ecosystem, building on our history as a region that has always championed innovation, alongside new ways of inspiring, incentivising and empowering entrepreneurs and start-ups.

“We want to be known as a place where entrepreneurs can start and grow their businesses, where entrepreneurs, government, industry, finance and academia come together as a collective force, and where people can access the right networks and funding to take their ideas to the next level.”

The University’s innovation hub, Nexus, is hosting an Innovation Exchange event as part of the Leeds showcase, with an exhibition of organisations and networks that support access to talent, technology and investors.

International delegates will also be guided on special ‘innovation ecosystem’ tours, designed to reveal how Leeds currently inspires innovation, offering international delegates a chance to meet Leeds’ budding and established entrepreneurs. The tours focus on:

• Creative cultures, fashion and arts - how Leeds has nurtured a range of creative entrepreneurs and social enterprises. The delegates will visit the iconic AW Hainsworth woollen mill and Patrick Studios, a bespoke venue for artists. They will also learn about Leeds’ Inclusive Growth Strategy and the big idea of maximising the economic benefits of culture, as well as East Street Arts and the Future Fashion Factory programme.

• Financial technology – and why the Leeds City Region is recognised as one of the main Fintech hubs in the UK. Visiting CPP Group, Avenue HQ and Santander’s Work Café,

• Future mobility – and how Leeds is supporting innovations in transport through immersive technology, modelling and simulators. The delegates will visit the University, Nexus and Arup, as well as hear from the Government’s Connected Places Catapult and the emerging technologies supporting the different ways we live and travel in towns, cities and rural areas.

• Healthcare technologies – and the support which has inspired a diverse range of medical technology and digital health entrepreneurs in Leeds for many years. The delegates will visit Co>Space North and the NHS Horizon Conference Centre to understand more about the region’s successful spin-outs, networks and partnerships.

The Leeds Team in the programme includes leaders from the University of Leeds, Nexus, the Leeds City Region Enterprise Partnership (LEP) and West Yorkshire Combined Authority, Leeds City Council, KPMG, Arup, Leeds Academic Health Partnership, Monroe K and entrepreneurs Adam Beaumont and Ben Ziff, with the various organisations and individuals hosting the ‘innovation ecosystem’ tours.

Professor Lisa Roberts added: “This is undoubtedly a significant moment for Leeds and the City Region. We’re developing exciting plans for the year ahead and we’ll soon be announcing our new strategy to help drive our ambitions. Harnessing our regional strengths is more important than ever in supporting the North and the Government’s drive for national growth, productivity and increased competitiveness.”

Travis Hunter, Director of MIT REAP, said: “We are thrilled to bring this MIT REAP workshop here. At this workshop, MIT REAP faculty will be guiding the participating teams through the process of formulating a strategic approach and subsequent action plan to support innovation-driven entrepreneurship (IDE) in their regions.

“The team’s plans are designed with the intentional aim of having a long-lasting and sustainable impact in their respective and distinct IDE ecosystems. In this regard, Team Leeds is showing great potential and a great example in reinvigorating the region’s long history as a core part of the northern powerhouse in today’s digital age.”

Find out more information about Leeds’ place in MIT REAP, and its successful bid to host the MIT REAP workshop.

ENDS

Photo caption: Team Leeds welcomes over a hundred leaders from government, business, universities, finance as well as entrepreneurs from across the world, who converge on Leeds to understand more about the region’s strengths and ambitions to inspire and support innovation.

From L to R:

Martin Stow, Director, Nexus

Jo-Anne Wass, Director, Leeds Academic Health Partnership

Thomas Bridges, Director, Arup

Roger Marsh, Chair, Leeds City Region Local Enterprise Partnership

Justine Andrew, Market Director, KPMG's Education and Skills

David Aspin, Founder, Monroe K

Lisa Roberts, Deputy Vice-Chancellor: Research and Innovation, University of Leeds

Tom Riordan, Chief Executive, Leeds City Council

Also in Team Leeds:

Ben Ziff, Managing Director, Citipark at Town Center Securities

Adam Beaumont, Founder & CEO, AQL and Northinvest

Background to MIT REAP

The two-year MIT Regional Entrepreneurship Acceleration Programme (REAP) provides expert, evidence-based guidance for teams to bring about significant economic and social change in their region.

MIT selects regional teams each year from around the world, involving leaders from government, business and industry, academia, finance and representatives from the entrepreneurial community.

Since the programme started in 2012, the more than 50 nations and cities that have been helped by the programme to shape their economic and societal fortunes include Beijing, Scotland, London, Tokyo and Qatar.