The FT-EIB Global Investment Forum aims to shed further light on the specific role of investment in supporting sustainable innovation: who should invest in what, to remedy which market failures? How do we make innovation inclusive? Distinguished experts will discuss key aspects of the current debate – future habitats, disruptive innovation, the future of work, the digital divide and the future of education – by checking the facts, taking a closer look at global trends and proposing possible solutions.
FT - EIB Global Investment Forum
New Technologies and Inclusive Innovation
European Investment Bank
Kees van der Klauw
For the last 25 years, innovation and globalisation have been the forces driving growth and wealth creation. There are no signs that the pace of innovation is slowing. Quite the opposite: we are in the midst of a technological revolution in which the emergence and convergence of new materials, processes and technologies – such as big data analytics, advanced robotics, artificial intelligence and the internet of things – are disrupting entire sectors and opening up new opportunities for companies and consumers.
At the same time, the ongoing transformation of the global economy has profound implications for the way we live, work and – most importantly – for the distribution of income and wealth. While new economic powers have risen, the huge gains from globalisation and technological change have not been evenly distributed. Low growth, lack of inclusion, rising inequality and mass immigration have given rise to a polarisation of society, political upheaval and populist backlash in large parts of the west.
This is therefore the time to address the challenges of a rapidly changing world and discuss the way forward, considering key ways in which innovation can be harnessed sustainably so that all segments of society can successfully participate in and fully benefit from it.
Agenda - 7th Dec
8:15amRegistration and Breakfast
9:00amChair’s Opening Remarks
John Thornhill, Innovation Editor, Financial Times
Werner Hoyer, President, European Investment Bank
9:20amKeynote Address and Interview: Innovation, Digitalisation and Social Inclusion – Cornerstones of EU’s Economic Policy
9:45amPanel Discussion: Future Habitats: Innovation for Sustainable Urban Development
Much of today’s game-changing innovation happens in cities. As metropolitan areas expand, demand for services in urban centres surges and increasingly complex infrastructure and resource challenges emerge, cities all over the world are transforming themselves. From new approaches to connected transportation and innovative delivery of healthcare to novel models of public-private partnerships and transformative solutions in safety and energy, cities are leveraging technological innovations to become more livable, sustainable and competitive. What ingenious solutions, new forms of organisation and improved ways of collaboration between city administration, citizens and local stakeholders are emerging to solve cities’ most difficult problems and facilitate social innovation? In which key ways are they generating more resilient, sustainable and open systems at city level? Which governance structures and financing mechanisms are needed to support an effective implementation of sustainable urban development goals? What are the best practices and drivers in cities promoting social innovation and how can they be replicated and scaled-up?
11:30amPanel Discussion Innovation: Driver of Income Growth and Social Inclusion?
Disruptive innovations unleashed by IoT, robotics and AI technologies are radically transforming economies, opening up new opportunities for increased productivity, enhanced competitiveness and economic growth. At the same time, this rapid technology-driven change raises a myriad of questions on its impact on different segments of society in a context of rising or persistently high inequality. How are new technologies likely to impact income distribution and how can they become a tool to shape a more inclusive society? Which concrete policy solutions are being put forward to reconcile radical disruption with inclusive growth? What can be done to support and scale up inclusive innovation? What opportunities exist for emerging economies in this context?
2:10pmPanel Discussion: Innovation and the Future of Work – Are Robots our Partners or our Competitors?
Although technology has long affected labour markets, recent advances in robotics, artificial intelligence and machine learning are intensifying concerns about automation, replacing a widening share of the workforce. Will robots take jobs away from humans, creating mass unemployment, or will automation free workers to perform other tasks, therefore enabling job transformation rather than job replacement? What is next for robotics and machine learning and what will the scale of shifts in the workforce be as automation unleashes? Which factors –including technological, social, macroeconomic and regulatory –are likely to influence the rate of adoption of automation? Predictions on the number and kind of jobs affected differ but it is clear that stakeholders need to be prepared for the transition. What are the most adequate policies to guarantee a smooth adjustment in the labour market as individuals shift from one type of job to another? What investments should be prioritised? How will the human-robot partnership transform the future of work?
3:00pmPanel Discussion: Our Digital Future – Where Do We Need to Invest?
Today, despite the many benefits of digitalisation and the important advances in improving connectivity, too many people continue to be left behind. How can investment in the digital sector be a true architect of change? What policies are needed? How can digital challenges be transformed into solutions that allow for a more inclusive society? Where should investment be focused and what are the key projects that are transforming broadband infrastructure, software and ICT equipment?
4:10pmPanel Discussion: Skills for the 21st Century
In a world that is changing at a faster rate that we have ever seen before, how do we educate, train and equip a new generation for a future that is difficult to define and grasp? Are our education systems and learning environments ready to respond to the disruption that is already impacting the type of jobs we do, how and where we work? How will formal and informal learning structures evolve to meet the changing needs of the workplace of the future? Which skills will be necessary to thrive in this new environment in which technologies, business models and ways of working are subject to constant change? What will be the role of vocational training, personalised and lifelong learning for re-skilling and upskilling the workforce? In which areas will investment be more transformational?
5:00pmClosing Keynote Conversation: Investing in Inclusive Growth – The Way Forward
Ambroise Fayolle, Vice-President, European Investment Bank
5:30pmChair’s Closing Remarks
John Gapper, Associate Editor and Chief Business Commentator, Financial Times
Ann Mettler is a Director-General at the European Commission where she heads the European Political Strategy Centre (EPSC), the in-house think tank which reports directly to President Juncker. In this capacity, Ms Mettler also serves as Chair of the European Strategy and Policy Analysis System (ESPAS), an inter-institutional project aimed at strengthening the EU's foresight capacity and anticipatory governance. The EPSC was awarded 'Best New Think Tank 2016' by the Global Go To Think Tank Index.
Prior to assuming this position in December 2014, Ms Mettler was for eleven years Executive Director of the Lisbon Council, a Brussels-based think tank she co-founded in 2003. From 2000-2003, she worked at the World Economic Forum, where she last served as Director for Europe.
Ms Mettler holds Masters Degrees in Political Science and European Law and Economics, and graduated with distinction from the University of New Mexico, USA, and the Rheinische Friedrich-Wilhelms-University in Bonn, Germany. She also completed the executive education course 'Innovative Technology Leader' at the Graduate School of Business at Stanford University, USA.
Born 1951 in Wuppertal (Germany), Dr Werner Hoyer has a PhD in economics from the Cologne University. He started his career as a senior research assistant at the Cologne University and soon became an associate lecturer in international economic relations.
1985 he took on the position as Director of the Economics and Information Department of the Carl Duisberg Society, Cologne and 1987 became a Member of the German Bundestag where he stayed until 31 December 2011. During his service at the German Bundestag he held several positions; first as Whip and Security Policy Spokesman of the FDP (Free Democratic Party) Parliamentary Group, Deputy Chairman of the German-American Parliamentary Friendship Group and Secretary General of the FDP, before becoming Minister of State at the Foreign Office.
In 2000 he became the President of the European Liberal Democratic Reform Party (ELDR), Brussels and also held the position as Deputy Chairman and Foreign Affairs Spokesman of the FDP parliamentary group. From 1994 to 1998 and then again from 1999 to 31 December 2011, he was Minister of State (Deputy Foreign Minister) at the German Foreign Office, responsible for Political and Security Affairs, European Affairs, United Nations and Arms Control and Commissioner for Franco-German Cooperation.
He is President of the European Investment Bank since 1 January 2012.
Kees van der Klauw
Kees van der Klauw graduated from the Department of Electronics Engineering of the Delft University of Technology in the Netherlands and received a PhD in the area of semiconductor devices (CCD’s) in 1987. He joined Philips Research where he worked several years on the design and characterization of CMOS devices and processes.
In 1992 he moved to Philips’ Flat Panel Displays where he held positions in project management, engineering-, operations- and general management of Philips LCD activities and was involved in the establishment of Philips’ LCD joint ventures in Japan and Korea.
In 1999, he joined Philips Consumer Electronics and became the development manager for High-End TV in Bruges, Belgium. From 2003 he was in charge of worldwide platform development for Philips Television and in 2005 became CTO of Philips Television, Monitors and Professional Display Business.
Mr van der Klauw joined Philips Lighting in 2009, where he was the Chief Architect and the R&D Manager for Professional Lighting Solutions. Since October 2013, he is head of the Research program for Philips Lighting.
Since 2015 Mr van der Klauw has been the chair of the working group on Innovation Eco-Systems of the Alliance for Internet of Things Innovation (AIOTI) and he is currently the overall chair driving the Alliance towards a formal Innovation Association.
Yasmin Mei-Yee Weiß
Prof Dr. Yasmin Mei-Yee Weiß is Professor for Business Administration at the Nuremberg Institute of Technology and Visiting Professor at the Technical University Berlin. Her research focus is the Future of work and competencies in the digital era. Moreover she is member of the supervisory board of Semikron International and member of the boardofadvisers of the BLG Logistics Group.
Furthermore Professor Weiß is Steering Committee Member of the Innovation Dialogue of the German Federal Government, as well as member of the Advisory Board on Foreign Trade of the Federal Minister for Economic Affairs and Energy.
Prior to her current work, Professor Weiß has collected more than 10 years of professional experience working for E.ON AG, BMW Group and the business consulting company Accenture.
Jacques Bughin is a senior partner at McKinsey and a director of the McKinsey Global Institute, McKinsey’s business and economics research arm, and one of its three global co-leaders. He is also a leader McKinsey’s Media and Entertainment, Corporate Finance, and Strategy Practices and co-leads the Digital Economy Initiative, a recently launched McKinsey knowledge program.
Since joining the firm in 1992, he has been based in Amsterdam, London, Montreal, New York, and Toronto, working primarily with media, telecom, online services, health care, fintech, travel and logistics companies on a variety of issues, including marketing and sales, digital strategy, productivity, business technology, leadership, and organization.
He has co-authored numerous publications, including McKinsey Global Institute reports on globalization, Internet of Things, Big Data, and social technologies and numerous articles in the McKinsey Quarterly as well as academic journals on industrial economics, organization, digitization of firms, and corporate finance. His research has been published in leading international media.
Mr Bughin is a frequent speaker at conferences and universities worldwide on a range of economic and technology trends. He is a fellow at the Aspen Institute, ECORE, a think tank on economic policy in Belgium, and at KUL University. He co-leads the McKinsey Advisory Board on media management at INSEAD.
Andreas Schleicher is Director for Education and Skills, and Special Advisor on Education Policy to the Secretary-General at the Organisation for Economic Co-operation and Development (OECD). As a key member of the OECD’s Senior Management team, he supports the Secretary-General’s strategy to produce analysis and policy advice that advances economic growth and social progress. In addition to policy and country reviews, he oversees the Programme for International Student Assessment (PISA), the OECD Survey of Adult Skills (PIAAC), the OECD Skills Strategy, the OECD Teaching and Learning International Survey (TALIS), and the development and analysis of benchmarks on the performance of education systems (INES).
Before joining the OECD, Mr Schleicher was Director for Analysis at the International Association for Educational Achievement (IEA). He studied Physics in Germany and received a degree in Mathematics and Statistics in Australia. He is the recipient of numerous honours and awards, including the “Theodor Heuss” prize, awarded in the name of the first president of the Federal Republic of Germany for “exemplary democratic engagement”. He holds an honorary Professorship at the University of Heidelberg.
Tomas Sedlacek (1977) became known through his book Economics of Good and Evil (OUP 2009) that was translated into 21 languages and won many prestigious prices in economic literature for original philosophical contribution to economics. He is a former advisor to Czech revolutionary president Vaclav Havel. In 2015 and 2016 he was listed among the top 100 most influential global thinkers. He is a member of Programme Council for New Economic Thinking of World Economic Forum that meets in Davos and advised EC president Barroso on New Narrative for Europe. He is a sought after speaker, debater and frequent international commentator. He works for the largest Czech bank as a chief macroeconomic strategist. He lectures at Charles University and sits on boards of many non-profit organizations.
Ambroise Fayolle was appointed Vice-President of the European Investment Bank in February 2015. He is currently in charge of the operational activities of the Bank in France, Germany, South Africa, and, for ACP/OCT mandates, West Africa and Pacific Islands. He is also responsible for EFSI, innovation, the EIB Economic Department, Development policy and is Board member of the European Investment Fund.
Mr Fayolle represented France at the Executive Boards of the International Monetary Fund (IMF) and of the World Bank, in Washington DC from September 2007 until his appointment as head of Agence France Tresor, the Debt Agency of the French Ministry of Finance, in March 2013. He was also a staff member of the IMF between 2003 and 2005. A graduate of the Ecole Nationale d’Administration (ENA), most of his career was spent at the Treasury Department in the Ministry of the Economy and Finance. In particular, he was division chief in charge of the State Financing and Monetary Affairs Bureau — the predecessor to AFT— and, in 2005, was appointed assistant secretary for Multilateral and Development affairs at the French Treasury, Sous-Sherpa for the G8, and Co-Chairman of the Paris Club.
Sharan Burrow was elected General Secretary of the International Trade Union Confederation (ITUC) at its Second World Congress in Vancouver in June 2010. Previously President of the Australian Council of Trade Unions (ACTU) since 1992, she served as inaugural President of the ITUC from its foundation in Vienna in 2006, and of the International Confederation of Free Trade Unions (a predecessor organisation to the ITUC) from 2004.
The ITUC is the world’s peak labour union body and represents 181 million workers in 162 countries and territories and has 340 national affiliates.
Taavi Madiberk is the Co-Founder and Chief Executive Officer at Skeleton Technologies. His business development, sales and marketing and company management skills have been instrumental in setting-up and driving growth. He has been the driving force for excellent customer traction, (the company counts as customers European Space Agency and several Tier 1 automotives), business strategy (leveraging the advantage in materials technology to energy storage cells and modules), product development and fundraising from venture capital, private equity and public sources in German, Estonian and EU level. Mr Madiberk brings knowledge from the IT, locomotive and NGO sectors from his experience prior to Skeleton Technologies. Among other Board positions he has served as the youngest ever Chairman of the Supervisory Board in Estonian Railways Ltd (AS Eesti Raudtee) from 2012-2014 the national railway. He also served as a Member of the Supervisory Board of RKAS in 2014, an Estonian state-owned real estate company with over 400 M EUR of assets
John was appointed Innovation Editor in February 2016 with a brief to deepen the FT’s coverage of technology and write a regular column on its impact on our economies, societies, and lives. For the previous seven years he was deputy editor and news editor helping to steer the FT’s global news agenda.
Since joining the FT in 1988 as a graduate trainee, John has also worked as the Europe edition editor, Paris bureau chief, world news editor, Asia editor, Moscow bureau chief, Lex columnist and companies reporter.
John founded and runs the FT's 125 executive forum, which holds monthly meetings for senior executives from a range of industries. Previous speakers have included Bill Gates, Jack Dorsey, Ana Botin, and Mark Carney. He also hosts FT Tech Tonic, a weekly podcast on the impact of technology.
John Gapper is Chief Business Commentator and Associate Editor of the Financial Times. He writes an award-winning column on business, with a focus on finance, media and technology, and also contributes editorials and features, including regular Lunch with the FT interviews. Mr Gapper is one of the FT’s most senior and influential writers, having covered the financial and media industries, as well as employment issues, before taking up his current role in 2003. Between 2005 and 2012, he was based in the FT’s New York office, where he helped to lead its successful expansion in the US. He is the author of a novel, A Fatal Debt, a financial thriller published by Random House (2013), and co-author with Nick Denton of All That Glitters, and is working on a second. The winner of the 2013 Gerald Loeb award for commentary, he has received three annual Best in Business citations for his column from the Society of American Business Editors and Writers. In the UK, he was named best business columnist in the 2011 Comment Awards and gained the technology writer and best communicator awards in the Business Journalist of the Year awards. Mr Gapper won an open scholarship to Exeter College, Oxford University and was awarded a Harkness Fellowship to University of Pennsylvania’s Wharton School. Before joining the FT in 1987, he trained as a journalist with Mirror Group Newspapers, working on papers including the Daily Mirror, Daily Mail and Daily Telegraph.
Why Should I Attend?
- Gain critical insights on the key ways in which technological innovation can accelerate social inclusion, competitiveness and economic development
- Analyse how forward - looking policies can best support the adoption of new technologies and mitigate adverse effects of rapid economic change
- Discuss the role of investment in the digital sector and its potential to be a true architect of change
- Debate on the most recent trends and developments impacting the future of work and education and on how technology can be harnessed to up-skill the workforce
- Network with senior business leaders and policy makers
Who Will I Meet?
This event is complimentary for C-Suite and Senior Representatives from:
- Government/Policy Makers
- Non-profit/Think Tanks/Multilateral Organisations
- Financial Services and Investors
Complimentary tickets are subject to approval by the organisers. Once you apply for your ticket, you will be notified by email if you qualify for a complimentary place.
Presented by (2)
The European Investment Bank (ElB) is the long-term lending institution of the European Union owned by its Member States. It provides long-term financing for sound, sustainable investment projects in support of EU policy goals in Europe and beyond. The EIB is the largest multilateral lender and borrower in the world and the largest multilateral financier of climate-related projects. The Bank invests in four priority areas in support of growth and job creation: innovation and skills; access to finance; climate action and environment; and strategic infrastructure.
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.