30 Oct 2007

Britain’s brilliant ideas boom

Libby Potter and James Dyson

Libby Potter and James Dyson

The Money Programme, Tx Friday 02 November, 7pm, BBC TWO

Britain is becoming a nation of inventors and the number of people submitting ideas for patents in the UK has never been higher. Programmes like Dragon’s Den showcased a sample of brilliant or quirky ideas, but how do you know if the idea born at the kitchen table is the big one to make a fortune?

James Fleck, Dean and Professor of Business Innovation at the OU Business School, sees innovation as “how ideas become reality”, and the key driver for economic and social welfare. “Ideas are developed into a prototype and eventually taken to the marketplace, and this process is often spearheaded by charismatic entrepreneurs like Richard Branson or Alan Sugar.”

The Money Programme's Libby Potter meets the inventors hoping to capitalise on their ideas and turn it into a profitable business. One of the best people to ask about making it as inventor in Britain today is Sir James Dyson, whose vacuum cleaners are sold worldwide and earning profits of a hundred million pounds a year. With teams of researchers at work, Sir James files about a patent a day, but how can individual inventors take their ideas forward?

The programme, Britain’s brilliant ideas boom, features the highs and lows along the road to potential riches, and shares tips from inventors who has made it, as well as those who are still struggling to get there. But one bit of advice is unanimous – if you believe in your product or service, go for it!

Editor's Notes
The Open University and BBC have been in partnership for more than 30 years, providing educational programming to a mass audience. In recent times this partnership has evolved from late night programming for delivering courses to peak time programmes with a broad appeal to encourage wider participation in learning.

All broadcast information is correct at time of issue.

Video clips of Professor James Fleck discussing innovation, as well as related articles and blogs by OU Business School academics, will be available on the Open2.net website from 02 November.

Related Courses and programmes from the OU Business School and The Open University:-
- Investigating Entrepreneurial Opportunities
- Masters in Public Administration (MPA)
- Masters in Business Administration (MBA)
- MBA (Technology Management)
- MBA (Life Sciences)
- MSc in Human Resource Management
- MSc in International Finance and Management
- B615 Professional Certificate in Management
- DB123 You and Your Money

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