S2. E11: Venture Builders: Unlocking the Nation’s Intellectual Capital

22-02-2024 • 46 mins

We’re coming back to our favourite topic - how do we get innovative ideas off the ground and into the market for exploitation by the frontline. In past episodes we’ve discussed the ‘Valley of Death’ and the challenge described in the book ‘Crossing the Chasm’.

This episode we speak to Owen Thompson, who deals with this every day in his role as CEO at Cambridge Future Tech - a Venture Builder that works with deep-tech startups across diverse markets. Owen has had two successful careers to date: Firstly as a Typhoon pilot for the Royal Air Force and then appointed to senior positions in a leading defence prime when he left the forces.. So he brings a unique perspective for defence centric technologies.

The capital markets for startups have historically been slightly allergic to funding defence startups, but with the realisation that sustainability is closely related to security, attitudes are changing. We see this with investments in companies like Palantir and Anduril which have the potential to create huge change in the Defence industry.

In what becomes a wide ranging discussion, Owen talks about his experience with new technology startups trying to make a difference in Defence, how they met these challenges and potential routes for funding and getting innovation to the users through the commercial maze that government procurement often is.

Hosts:

Tom Constable: https://www.linkedin.com/in/tom-constable/
Colin Hillier: https://www.linkedin.com/in/colinhillier/

Guests:

Owen Thompson: https://www.linkedin.com/in/o-thompson/

Episode Sponsor: Babcock International

Babcock has always operated hand in hand with our customers because their mission is our mission. Our people support the British Army by contributing to front-line support, delivering the capability they need, available to them wherever, whenever and however they need it. We ensure the British Army can focus on their missions safely by supporting their vehicles, both armoured and white fleet with skilled engineers and capability backed by long-term through-life engineering expertise.

We enable our defence and emergency services customers to do their job with our technical training programmes. We combine deep understanding and long-term commitment with constructive challenge. An embedded partner, focussed on outcomes. Globally, new defence and resilience equipment programmes and asset modernisation programmes are seeing a resurgence. Training personnel is a critical component to support these programmes.

Whether it’s applying engineering excellence or the latest technology, we combine our expertise with a practical mindset. Alongside our deep engineering experience, digital and data technologies will allow us to better understand, predict and enhance the performance of the assets we manage, make better...