Once engaged, Inogesis manages the running of each cluster, including liaising between all Sponsors, Innovators and Partners.
Regular reporting rhythms, including involvement in quarterly Board meetings are included. The method for liaison between sponsors and Inogesis are established on an individual basis.
Partners include lawyers, accountants, tax advisers, business development leaders and other industry professionals, who provide services and support for the members. These experts may enter into commercial relationships with innovators if they wish, but again there is no obligation on either side to do so.
Inogesis has expanded into other industries following the success of the Cyber Cluster and has launched a Healthcare Cluster in January 2017 in partnership with Deloitte, Oracle and Dell EMC.
A success fee based on impact is also payable. Impact is defined as revenue being passed down by a sponsor to a VTC member.
- Visibility within relevant Government Departments and Institutions of the work each Sponsor is doing by supporting a cluster and thereby supporting overall Prosperity in a geography
- Market research, including regular market domain reports, and information based on the activity in and around each cluster, as well as on general market and proprietary information
- Absorption and curation of any Innovator the Sponsor meets or is interested in – whether this is through internal mechanisms such as corporate venturing or corporate accelerator programs, or external exposure such as meeting companies at events and conferences.
- Managed PR and marketing exposure through activities co-ordinated by the Inogesis with a Sponsor’s marketing or communications team
This person must be of a level of seniority which enables them to engage with each relevant department of the Sponsor’s company. These departments include, but aren’t limited to: Business Development, R&D, Legal, Commercial, Communications and Marketing. Very little time is required on a regular / scheduled basis from these departments, as they are only required based on the nature of the opportunity with a Member company.
We have a number of examples where existing Members are also members of or invested in by some of these models.