A Stronger Science, Technology + Innovation Agenda: 6 Areas of Focus

“Science, technology and innovation (STI) are universally recognized as key drivers for economic growth, improving prosperity, and essential components for achieving the Sustainable Development Goals (SDGs)”  UN Conference on Trade and Development (2019)

A few months ago I wrote down some thoughts and questions after being inspired by political events where I live (Guernsey) and internationally (e.g. US). In both jurisdictions, the balance of power has dramatically shifted for different reasons but both against a backdrop of major crises including health (COVID), rising inequality, and skills gaps.

In essence, I was trying to think through answering 2 key questions for the new Government and ecosystem players (e.g.businesses, investors, educators etc): what are some key STI areas of focus, and what questions would I ask?

I have since shared the memo with various stakeholders in the ecosystem, and now I thought it would make sense to post it publicly here. If you have any feedback, be sure to let me know

——-

Research, analysis and policy development opportunities and questions for the new Government and ecosystem players (e.g. businesses, investors, educators etc)

Business case for an STI economy: the importance of ‘science, technology and innovation’ for Guernsey’s future in driving economic growth and improved prosperity for all citizens 

  • Key STI trends, opportunities and challenges 
  • What is STI/digital, why important, global best practices
  • Why important for Gsy?
  • Defining and measuring Guernsey’s existing STI/digital economy 
  • Benefits and impacts to economy, society, prosperity and infrastructure 
  • Jobs, skills, human capital and education
  • Role of stakeholders e.g. education, govt, business, people etc
  • Building blocks, what is needed? E.g. 
    • Policy and regulatory frameworks
    • Institutional setting and governance
    • Entrepreneurial ecosystems and access to finance
    • Human capital
    • Technical/ICT & R&D infrastructure
  • Relevance of Sustainability, Green Finance, Solar/Wind, FinTech, RiskTech, RegTech, GovTech
  • Role of tax policy, skills, FDI, govt, business etc 
  • Strategic options for Guernsey 

Resources – A FRAMEWORK for Science, Technology and Innovation Policy Reviews: UN Conference on Trade and Development 

http://www.oecd.org/innovation/inno/

OECD (2020) A Common Framework for Measuring The Digital Economy 

ICT Infrastructure: Reshaping SURE Telecoms as a strategic asset to benefit the future of Guernsey and investigating the promise of new tech e.g. fibre, 5G etc

  • What is SURE’s current investment model, business strategy etc with regard to infrastructure, network performance and speeds, pricing and tariffs etc
  • How does it fit with Guernsey’s requirements, strategy and vision for the future? 
  • To what extent does the existing relationship with Sure/Cicra/others need to be reshaped?
  • What is the overall technology vision of Guernsey? E.g. the most digitally-enabled small island economy in the world? KPIs? 
  • What are the existing telco infrastructure challenges and market opportunities? E.g. connectivity, fibre, 5G etc
  • What are the key ICT indicators/KPIs for Guernsey?
  • How good or bad is the current network/asset performance? Where is the evidence? 
  • To what extent does Sure need to be incentivised to improve performance?
  • How will that benefit Guernsey? E.g. access, education, WFH, FDI, economic growth etc
  • What are the different levers to pull that can assist that?
  • What are the roles of the key stakeholders and to what extent does this need reshaping? E.g. Cicra, 
  • What are some example ownership models from around the world that should be considered?

Resource – 14 Key ICT Indicators

Smarter e-Government: Transforming public sector services to improve efficiency and effectiveness

  • Agilisys IT procurement: What was the promise vs reality, where is the accountability and island benefit (e.g. jobs, knowledge etc), what is the road ahead, and what needs to change 
    • What is the current status of the Agilysys IT procurement, what are the benefits (e.g. local jobs) vs costs, what is the roadmap
    • Current status and how successful has it been, why?
    • What was the scope of the original deal that was signed? How did that change over time? 
    • How much has been spent by the SOG?
    • What have been the benefits? E.g. local jobs, tax payer savings etc
    • How is the vendor managed, programme governed, quality assurance provided, risks/issues etc 
    • Strategic options and recommendations 
    • Role of new ways of working and thinking e.g. agile, design, lean
  • e-Gov/Future Digital Services
    • What is the latest vision and roadmap forward? Is it good enough?
    • In 2017 FDS was championed with a delayed and time-consuming procurement process which say Agilysys hired – what is the status?
    • What are the roadblocks, challenges vs opportunities 
      • E.g. SOG IT procurement decision-making and processes
    • What can we learn from other e-gov national leaders e.g. Estonia
    • What are the big opportunities/challenges?
    • What are the areas of focus?
    • What is required to move forward?
    • What are the costs/benefits?

Digital skills: how to re/upskill the population to be fit for the future 

  • What digital skills does Guernsey need? 
    • E.g. Data Analysis, Business Analysis, CS/Software Engineering, Product Development, Agile, PM, UX/UI, Google etc
  • What courses should be created?
    • For which groups e.g. school-leavers vs mid-level vs later stage 
  • How to deliver this?
  • Best practice models from similar jurisdictions 
  • Who to deliver this?
  • How much to deliver this?

Entrepreneurship and innovation ecosystems: what is the Innovation & Growth vision for Guernsey PLC? How to create a more efficient, attractive and collaborative system: 

  • What new tax policies, incentives and regulatory changes are needed to drive the captial/FDI and other behaviours? E.g. EIS
  • How to encourage businesses to invest in R&D?
  • How to encourage angels/HNWI/funds/businesses/VC etc reallocate investments into start-ups?
  • Build on my article here – https://andrewessa.com/2020/08/28/digital-ecosystems-tzars-puzzle-pieces-the-halo-effect/
  • What is the Innovation vision for Guernsey PLC
  • Baselining and measurement
    • What is Guernsey’s approach and how effective is it?
    • Strengths/weaknesses
    • Challenges/opportunities
    • Actors in the ecosystem
  • What is best practice in small or island communities and competing off-shore jurisdictions?
    • What have Jersey done? cost/benefit?
    • What can we learn from them and other nations?
    • What could we improve?
    • What needs to happen?
  • Ecosystem pillars: how effective are the current actors and what needs to change 
    • Tax, finance and incentives 
      • The role of tax policy, tax credits, R&D, and other incentives 
      • Access to capital, finance
    • Guernsey Innovation Fund
      • What has been invested in to date?
      • What type of investments and how much?
      • What mix of businesses e.g. local vs overseas, maturity etc
      • What returns, benefits to date?
      • Who is involved in the fund, what governance etc
      • What is success? 
      • How does it compare to other small community or island ‘sovereign’ investment funds?
      • What is ‘best practice’ in this space?
    • Human capital strategies – from cradle to grave 
      • Understanding the digital/skills crisis e.g. PwC report
      • Practical solutions to solve it 
      • Alignment with Guernsey PLC strategic vision 
      • Baselining, what new skills, how to up/reskill, what incentives for businesses and people 
      • Life-long learning 
      • More flexible access to skills and talent 
      • Immigration policies 
    • Digital Greenhouse
      • Current vs future state
      • Cost/benefit
      • Challenges/opportunities
      • Recommendations 
    • Governance 
      • Effectiveness of current system
      • What changes are needed
      • What models, what structure, what responsibilities etc e.g. Guernsey Innovation 
    • Corporate innovation
      • How to incentivise investments in skills and new ventures 
    • International cooperation
      • Role of collaboration including within the Bailiwick 
    • New business opportunities 
      • The role of new ‘market creation innovation’ (MCI) policies- see below
      • Relevance of Sustainability, Green Finance, Solar/Wind, FinTech, RiskTech, RegTech, GovTech
      • Regulatory innovation models e.g. sandboxes 

Resource – OECD Review of Innovation Policy – New Zealand (2007)

Other sample areas of ‘innovation policy’ to explore:

  • Environment: Sustainability, ESG and climate change  
    • What is best practice around the world in small island or communities 
    • What are some potential or viable new business opportunities
    • Assess current state of initiatives (e.g. Green Funds)
    • Evaluate new initiatives e.g. Wind, solar etc
  • International collaboration and trade
    • How important is it to be more market-focused and rethink and prioritise international partnerships/affairs? E.g. Jersey
    • A colleague and partner Chris Brock covers some of this topic in a recent report here
  • Regulatory, governance and risk innovation: to what extent do the various regulatory bodies and related private/public sector organisations (e.g. GFSC, Cicra, TISE, DPO etc) need to adopt a more balanced and innovative approach to regulation and new business? How to accelerate existing initiatives and opportunities? e.g. Green Finance
    • What is the nature of the current approach? 
    • How to balance bureaucracy/risk-adversity in the Guernsey ecosystem but at same time encourage innovation, FDI and new businesses?
    • What are best practice examples of innovative regulatory/risk models from competing or similar jurisdictions or around the world?
    • To what extent could this be useful in Guernsey?
    • How is the wider market evolving and how will this impact Guernsey?
    • What are the pros/cons and opportunities/threats?
    • What new business opportunities a more innovative approaches enable? E.g. FinTech, RegTec
    • What are practical recommendations forward and for which actors 
  • Role of market-creating innovations to drive prosperity AND economic growth (MCI): What is the opportunity for Guernsey to incubate market-creating innovations for local use and export? And how can Guernsey facilitate the development of MCIs across different sectors – e.g. FS, Infrastructure, Transport, Environment etc – for local use and export to improve income inequality and other social/economic benefits? 

Resources:

https://hbr.org/2019/01/cracking-frontier-markets