Saturday, 23 November 2024

Wales Enterprise Day - The Works

Standard YouTube Licence


Last Monday I chaired the fourth Wales Enterprise Day seminar at the Menai Science Park ("M-SParc"). It was filmed by Iwan Pitts and readers can watch the whole proceedings on YouTube.  Wales Enterprise Day was the brainchild of Emily Roberts.  She intended it to be a counterweight to World IP Day which M-SParc has celebrated every year since 2019,  As World IP Daty takes place in Spring M-SParc focuses on start-ups on that day though it does not ignore scale-ups,  In Autumn Wales Enterprise Day focuses on scale-ups but does not forget start-ups.

Our theme this year was Developing an IP Strategy and it was set out comprehensively but also comprehensibly by Antony Craggs of Shoosmiths.  Antony spoke about IP Strategy and Enforcement just before lunch on the last day of the Cambridge IP Law Summer School at Downing College. Winning and holding an audience's attention in that slot is an uphill task but Antony had us sitting bolt-upright as he delivered his talk.  I have heard nearly as many presentations on IP  strategy and enforcement as I have had hot dinners but Antony's talk was exceptional.  I booked him for Wales Enterprise Day before he even left the lecture hall.

Antony chose the same theme for his talk to M-SParc but he delivered it in a very different way,  That was partly because it was given over the Internet and partly because he had a different audience. Most of the attendees at the Cambridge IP Law Summer School are lawyers.  Some are trainee solicitors but most are assistant solicitors with a good knowledge and some practical experience of IP.  Antony's audience on Monday consisted mainly of business owners.  His talk was interactive and he used slido to encourage participation.  He illustrated his talk by considering the business issues and decisions that would be taken by the founders of a new solar power company called "Folt".  The reason for the spelling will be appreciated when it is remembered that "F" is pronounced "V" in Welsh.  If anything Antony's presentation to M-SParc was even more impressive than the one that he gave at Cambridge.  Readers can watch it all on the above video,

The next speaker was Geraint McGrath, Senior Investment Manager of the Foresight Group which is one of the fund managers of the Investment Fund for Wales,  I met Geraint at the St David's Day dinner at the Guildhall in London.  One of the topics we discussed was flotation on the London Stock Exchange,  Having read Capital Issues: Reforming the UK’s Capital Markets to Boost Science and Tech by the Tony Blair Institute for Global Change and Onward which advocated root and branch reform of capital markets I suggested told us the revival of local capital markets in Britain.  I pointed out that several had subsisted until 1972 when they merged with the London Stock Exchange.  I have just found an interesting article about those regional exchanges by Gareth Campbell and others entitled The Rise and Decline of the UK's Provincial Stock Market 1869 to 1929,

Though not exactly a start-up, MDF Recovery Ltd opened a new office at M-SParc in May of this year (see MDF Recovery expands presence with new office at M-Sparc, Anglesey 7 May 2024),  The office is led by Rob Elias who is Head of Business Development at the company.  I first met Rob when he chaired a workshop on sustainable packaging that I addressed in January 2019 (see IP for the Welsh Food and Packaging Industries 30 Jan 2019 NIPC News).  He was also a guest speaker at M-SParc's World IP Day celebrations in 2020.  Rob introduced us to his company's technology which extracts wood fibre from waste medium-density fibreboard so that it can be reconstituted into fresh blocks.

Tom Burke has founded several successful businesses and is also Digital Innovation Manager at M-SParc. His latest enterprise is Streams+ which promotes eSports.  Tom told us about his pivot from video conferencing to eSports.  He mentioned the first Welsh-speaking eSports event at the National Eisteddfod which he helped to organize and promote (see Emily Roberts Historic First: Welsh Language Esports Competition Debuts at National Eisteddfod 7 Aug 2024  M-Sparc's website).  He also said that the International Olympic Committee has organized an annual eSports Series and that the event was gaining popularity rapidly.

The last speaker was Emma Richards, Regional Policy Advisor at the IPO.  Last year I quizzed her about the use of Welsh at the Intellectual Property Office.  As there has definitely been some progress since then I introduced her as "the lady who can get things done" (see IPO's Welsh Language Website 13 Nov 2024 NIPC Wales). Emma modestly disclaimed credit for the language progress but she introduced us to the IPO's YouTube channel and showed us the IP Basics and attachés videos.  Most importantly, she promised support to enable M-SParc to provide its tenants and local business community with the services available in the Business and IP Centres network in England,  As a first step she has arranged for Gwenllian Owen, M-SParc's Commercialization and Innovation Officer, to attend the IPO's IP Masterclass and Gwenllian will be followed on that course shortly by Lois Bevan Shaw, Business Support & Project Development Manager at M-SParc.

This is a convenient point for me to express my gratitude to Gwenllian for all the work that she did to make the Wales Enterprise Day seminar happen.  I suggested speakers, promoted the event in this publication and on social media and chaired the seminar on the day but Gwenllian did everything else which must have required a lot of work.  I see from Gwenllian's LinkedIn page that she has recently marked her second anniversary with M-SParc.  Her achievements at the science park have been considerable and I think she can fairly chalk up Monday's seminar as yet another resounding success. 

Finally, I remind readers that Monday's seminar was not an isolated event.   It was just one of several free services that Sean Thomas, Andrea Knox, Steve Livingston and I offer together with other IP professionals (see An IP Clinic for M-SParc 25 Jan 2024 NIPC Wales).   These will complement the Business and IP Centre services that Emma Richards referred to in her talk,  Immediately after the seminar I was consulted by two young local inventors who are contemplating an interesting business venture,   Anyone wishing to access those services can do so at any time by completing the attached form. 

Anyone wishing to discuss this article may call me on +44 (0)20 7404 5252 during UK office hours or send me a message through my contact form.

Thursday, 21 November 2024

Investment Fund for Wales

Standard YouTube Licence


The Investment Fund for Wales (Gronfa Buddsoddi i Gymru) is a £130 million commitment of new funding for businesses in Wales.  It is one of several investment funds for the nations of the United Kingdom and the regions of England to boost long-term growth.  The others are the Northern Powerhouse Investment Fund II about which I have written extensively (see The Northern Powerhouse Investment Fund Roadshow 17 Oct 2024 NIPC Yorkshire and the articles referred to in that post), the Midlands Engine Investment Fund II, the South West Investment Fund, the Investment Fund for Scotland and the Investment Fund for Northern Ireland).

As with the other funds, the British Business Bank has made the funding available and arranged with local fund managers to distribute it in the form of smaller loans, debt finance and equity investment.  BCRS lends between £25,000 and £100,000. FW Capital offers debt finance between £100,000 and £2 million.  The Foresight Group invests between £2 and £5 million in companies' share capital.  Both the British Business Bank and the fund managers work with other lenders and investors in Wales.  Such lenders include clearing and challenger banks, business angels and venture capitalists that do business in Wales.  They in turn collaborate with local accountants, business advisors, law firms, patent and trade mark attorneys and others who advise and assist startups, scale-ups and other small businesses,

Some of the activities of the fund are mentioned in its press release of 19 Nov 2024 (The Investment Fund for Wales hits £10m investment milestone as it celebrates one year anniversary).  Examples of equity investment include £650,000 into the adventure tour operator EverTrek (see EverTrek  19 July 2024 on the British Business Bank website) and £850,000 into Drone Evolution by the Foresign Group (see the British Business Bank's press release of 7 Nov 2024  £850k equity investment in drone company supplying aid through Investment Fund for Wales).  The press release of 19 Nov also mentions £500,000 from FW Capital for Palmers Scaffolding and BCRS's £100,000 facility for Snowdon Timber Products Ltd from BCRS.

Business owners who are unsure how to approach the British Business Bank, a fund manager or any other lender or investor could do worse than book a free appointment in person or by video link with me or some other professional through our Initial Advice and Signposting service (see An IP Clinic for M-SParc 
25 Jan 2024  NIPC Wales).  If funding is offered there are bound to be legal issues some of which I can resolve.  Other services such as drafting shareholders' agreements and patent prosecution can be done more efficiently by commercial solicitors such as Andrea Knox or patent attorneys like Sean Thomas.

Anyone wishing to discuss this article may call me on 020 7404 5252 during UK business hours or send me a message through my contact form.

Wednesday, 13 November 2024

IPO's Welsh Language Website

Pont Gludo Casnewydd - Transporter Bridge Newport
(c) 2015 Jane Elizabeth Lambert: all rights reserved


 






































The UK Intellectual Property Office updated its news story IPO launches bilingual website as part of Welsh language commitment on 12 Nov 2024 ........ by adding a translation.  The story which was originally uploaded on 12 Sep 2024 announced:
"Visitors to the Intellectual Property Office’s home page and main navigation pages on GOV.UK will now see that these are bilingual, as the IPO completes the first phase of its programme of work to provide digital information and services in Welsh."

And so it does:














The first page to be translated partially is on trade marks:
~














Readers can learn more about the IPO's Welsh language commitment on Monday 18 Nov 2024 from Emma Richards who will be one of the speakers at the Menai Science Park's contribution to this year's Wales Enterprise Day celebrations.  She will also have a lot of other topics to discuss as she is the Regional Policy Advisor to the IPO,

There are still a few places at the event online and at the venue,   If you want to take part  you can register here,

Anyone wishing to discuss this article may call me on +44 (0)20 7404 5252 during office hours or send me a message through my contact form.

Friday, 1 November 2024

Wales Enterprise Day 2024 - Diwrnod Menter Cymru 2024

 








Jane Lambert

Wales Enterprise Day takes place on or around 18 Nov of every year.  It grew out of the Menai Science Park's World Intellectual Property Day celebrations in 2021,  The theme that year was "Taking your Ideas to Market".  The topic was so large that the science park decided to hold two events, one focusing on startups on Word Intellectual Property Daty and another on scaleups in autumn.  Emily Roberts suggested that the Autumn event should be called Wales Enterprise Day and the name stuck.  Last year Aberinnovation and Tramshed joined our celebrations.  This year we shall invite organizations, communities and individuals throughout Wales and beyond to take part in the day.

The main celebrations will be a hybrid online and in-person seminar on 18 Nov between 12:00 and 14:00.  We have some star speakers such as Antony Craggs of Shoosmirths, Geraint McGrath of the Foresight Group, Tom Burke of Haia and Streams+  and I shall chair the event.  Antony was one of the speakers at the  Cambridge IP Law Summer School and he gave one of the best presentations on IP strategy and enforcement that I have ever heard.  I signed him up to deliver a similar talk to Wales Enterprise Day before he left the conference hall.  I met Geraint at the St David's Day Dinner at the Guildhall in March.  He will discuss the Investment Fund for Wales and the massive opportunities it offers to Welsh businesses.  Tom has co-founded several of M-SParc's tenant companies and he is now the Innovation Manager of M-SParc.  We recently collaborated on the Convergent Content Scaler Programme on 25 Sept 2024 at which I discussed IP rights.  We have invited several other distinguished speakers and everybody in the audience will be invited to participate.

For those who want to attend in person, the seminar will take place in M-SParc's boardroom. The event is free and readers can reserve their places by booking online. Anyone wishing to discuss this article may call me on 020 7404 5252 during office hours or send me a message through my contact form.