Home News University of Edinburgh secures UK’s first Risk and Resilience Innovation Showcase

University of Edinburgh secures UK’s first Risk and Resilience Innovation Showcase

by Brian Sims
Edinburgh University's Old College

Edinburgh University’s Old College

Edinburgh Research and Innovation, the commercialisation arm of the University of Edinburgh, has announced a new AIMday (Academic Industry Meeting day) for companies looking to anticipate possible future risks to their operations and plan resilience strategies for today’s global marketplace.

Next January, AIMday Risk and Resilience will tackle topics such as risk and financial decision-making, the management of risk in day-to-day operations, strategic resilience, regulatory issues and climatic risk.

With a defined focus on risk and resilience – both terms that have become increasingly commonplace in Boardroom discussions of late – the event places greater emphasis on planning for dramatic economic or climatic changes and technological advances that could have repercussions for companies, their customers, employees and supply chains within the competitive market environment.

AIMday is a one-day event that allows companies to submit a question or commercial challenge around any element of risk and resilience. Academics from across the University of Edinburgh will self-select those questions where they believe their research could add the most value to the company discussion.

On the AIMday itself, the companies and academics meet face-to-face in a one-hour Workshop to discuss possible pathways towards a solution, the emphasis being on generating innovative ideas to meet today’s challenges using multi-disciplinary approach.

Identification and management of risk

Douglas Graham, commercial relations executive at the University of Edinburgh Business School, told Risk UK: “The announcement of an AIMday focused on the topic of risk and resilience coincides with increased emphasis on the identification and management of risk across the industry spectrum. With companies increasingly looking to meet global market demands, universities are a vital source of knowledge on this topic. This AIMday event will provide a source of innovative and multi-disciplinary thinking for those companies who are looking to protect their supply chains, investments and bottom line well into the future.”

Graham continued: “Today, it’s important that organisations embed risk management strategies into their day-to-day operations. Supply chains are increasingly outsourced and, on that basis, companies need to understand, anticipate and plan for strategic resilience in order to safeguard their bottom line and competitive edge.”

Douglas Graham

Douglas Graham

In conclusion, Graham stated: “I’m delighted the University of Edinburgh is hosting what will be a compelling and informative AIMday. We’re very much looking forward to a good level of engagement, particularly from the public sector, financial services and the construction industry among many others.”

The event will be held on 27 January 2016 at the University of Edinburgh Business School and will allow companies to access the interdisciplinary strength and depth of expertise across the University of Edinburgh’s three Colleges of Humanities and Social Science, Medicine and Veterinary Medicine and Science and Engineering.

In 2014, the University of Edinburgh became the first higher academic institute outside Scandinavia to be approved as hosts for AIMday, a unique collaborative knowledge exchange initiative which began life at Uppsala University in Sweden. This is now the sixth AIMday to be organised by Edinburgh Research and Innovation at the University of Edinburgh. Such events are proving to be successful in establishing useful contacts and collaborations, as well as identifying possible new solutions to challenges facing the business world.

*Companies can register and submit their questions or challenges between now and Friday 30 October, at which point the academics involved will be able to select those questions with which their own research is most closely aligned

**Interested companies can find out more at http://aimday.se/risk-resilience-edinburgh-2016/

Understanding and new perspectives

AIMday represents a unique opportunity for academic scientists and companies to make contacts and exchange knowledge. By matching a company’s need for new knowledge with academic expertise, AIMday brings understanding and new perspectives to actual problems in companies and organisations.

AIMday is centred on small group discussions wherein a question raised by a company or organisation is highlighted and deliberated by scientists and experts from several different disciplines.

There are only winners among attendees on AIMday events. Surveys have demonstrated the uniqueness and effectiveness of the AIMday format, plus the fact that it leaves both company representatives and academic scientists satisfied with their participation.

Edinburgh Research and Innovation: the detail

Edinburgh Research and Innovation is a UK leader in commercialising research and entrepreneurship. As the University of Edinburgh’s commercialisation (technology transfer) office, ERI seeks to promote the institution’s world class research and commercialisation expertise to potential funders, collaborators, licensees or investors.

A recent economic impact report revealed that, on an annual basis, this activity contributes over £164 million to the UK economy and supports nearly 3,000 jobs.

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