Tag Archives: Intelligent Community Forum

Recipes for success?

4 Dec

In the unlikely event that fans of chef Marcus Waring stumbled across my blog (Vectors of Prosperity) published yesterday on the Medium platform they might inadvertently imagine that I’d confused fine dining with economic policy – Place three ways!

But that accidental analogy (and terrible pun) has some depth.  Without care in balancing ingredients, even the most creative cooks will fail to satisfy.  Today’s Irish Stew (unlikely contender for the lunch menu in Brussels) was enriched by weekend observations of the strong correlation between the lower half of the Social Mobility Index and votes for Brexit.

One of the ingredients for economic success is a metric that is closely observed and oft celebrated –  the number of new business start-ups.  But, as Sherry Coutu reminds us, that emphasis on new enterprise distracts attention from a deeper need – nurturing growth by ‘scaling up’ enterprises that have survived those early steps.  “Increasing the number of scale-up businesses in a country boosts job creation and the economy as a whole to a greater extent than increasing the number of startups.

That distinction between Start-Ups and Scales-Ups is a critical issue. ‘The UK is ranked as third in the world by the Organisation for Economic Cooperation and Development (OECD) for the amount of startups created although sits at thirteenth for scaleups.’  The 2017 annual ScaleUp review once again enters a plea for better metrics – particularly for the benefit of ‘local community developers.

ScaleupRec1

As chef Marcus would observe, getting the balance of flavours right requires careful selection of ingredients and experience.  The local leaders best placed to succeed are those who recognise the need for learning – which is why the Bloomberg-backed school for mayors (particularly for those transitioning from the National to Local) is more than seasoning.

Summit18LogoJune4-6

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Innovation and job creation: Intelligent Community Forum annual Global Summit

6 Jun

(David Brunnen and Marit Hendriks reporting from New York)

The Intelligent Community Forum (ICF) is holding its annual Summit this week in New York City. This 3-day event is an international gathering of mayors, chief administrative officers, CIOs and economic development officers from cities, states and regions around the world that are designated Intelligent Communities by the ICF. The theme this year is “Innovation and Jobs”.

In partnership with the Polytechnic Institute of New York University, the event brings the world’s most dynamic communities together to discuss how to use information and communications technology innovation to create jobs and sustainable communities.

The high point of the event will be on Friday when ICF announces the name of the world’s 2013 Intelligent Community of the Year.

Amongst the speakers gathered from around the world will be Mike Lazaridis, founder of Blackberry, Uzo Udemba, developer of Lagos as an intelligent city and Mayor Michael Coleman of Columbus Ohio.

From the UK, Marit and I will today be addressing a conference plenary on the impacts of Open Data innovation and giving several examples of community development as well as the trends towards greater transparency in the commercial sector and environmental sustainability.

Developing this theme has been excellent preparation for the upcoming Intelligent Cities event in Leeds on June 19th.

Working with the ICF has hugely informed NextGen Events – particularly in helping to identify the key UK challenges faced by cities and communities as the investment priorities for digital infrastructure begin to be realised.   A brief summary of the 2013 themes can be found in our paper ‘Economic Revitalisation’.