Welcome to CPI’s 2022/23 annual review, a summary of our incredible work in the UK innovation system. There are moments in any business’ evolution when it’s important to recognise progress and celebrate our successes, enabling us to aim higher and achieve more when we return to the challenges ahead. The last year has provided such moments.
Alongside colleagues in the High Value Manufacturing Catapult, we’ve worked to measure our impact on industry. The evidence demonstrates how, by leveraging the Catapult model, we’ve been able to support our industrial and academic partners to further the translation of research and development to deliver beneficial commercial outcomes.
At CPI, 60% of our privately-funded projects are with SMEs and 27% of our collaborative R&D projects span the innovation system from academia through the Catapult network and into industry. I am proud of the work we’ve done to demonstrate our sustained commitment to deep-tech innovation, ensuring the successful delivery of economic and societal improvements for the UK.
In the coming year we will celebrate CPI’s 20th anniversary. Our identity as a social enterprise alongside our purpose to help companies develop, prove, scale-up and commercialise disruptive and transformative innovations remains as clear today as it was two decades ago.
By enabling innovations that catalyse advanced technologies and manufacturing solutions, we’re responding to the national and global challenges of our age. We’re helping to reduce the effects of climate change, lower the cost of healthcare, enable healthier living and promote industrial transformation in some of the most economically challenged places in the UK.
The UN Sustainable Development Goals provide the foundation for CPI’s Sustainability Strategy. Focussing on three interconnected pillars — People, Planet and Partnerships — it demands that we act in a way that delivers positive outcomes for people, our planet and our business.
It’s not just in the wider world where our organisation aims to make an impact however, we’re also creating change closer to home. At CPI, we’re committed to creating an inclusive workplace, a place where everyone can learn and grow together. We know that diversity is our strength, it fuels our desire for innovation and to deliver impact for all. We continue to make our commitments visible, aligning with others who share our values and are prepared to challenge and support one another. Our signature of the Catapult Network Inclusivity in Innovation Charter, Inclusive Employers Standard accreditation, and membership of the 5% Club, are just some of the ways in which we live our values, hold ourselves to account and learn from colleagues across the UK.
As an independent organisation we champion those who are willing to share their knowledge and expertise. In this publication, we’ve captured some of those voices, sharing opinions and experience on many of the key features that enable CPI to deliver value.
I would like to thank all my colleagues at CPI, the Board, and my Executive Leadership Team for their enduring commitment to this incredible company.
Frank Millar
Chief Executive Officer, CPI