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
European Investment Bank
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 Sep
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
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.
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.
John Thornhill is the FT’s first Innovation Editor. In this role, he oversees the FT’s award-winning global comment team to transform the way the FT commissions, edits and publishes commentary on multiple platforms. He also leads efforts to put new technology at the heart of the FT’s journalism, working closely with product development, data, audio, video and audience engagement teams. Prior to this, Mr Thornhill was the FT’s Deputy Editor for three years. In that time he launched The 125, a successful subscription event series that has featured business leaders including Mark Carney, Jack Dorsey, Bill Gates, Ana Botin and many of the FT’s top journalists. Since joining the FT in 1988 as a graduate trainee, Mr Thornhill has also held the positions of News Editor, European Editor, Asia Editor, Foreign News Editor, Paris Bureau Chief, Moscow Bureau Chief and Lex columnist. He has filed reports from 36 countries and interviewed 13 heads of state or government, including Vladimir Putin, Nicholas Sarkozy, Junichiro Koizumi and Lee Kuan Yew. He has an MSc in Soviet Politics from the London School of Economics and an MA in Ancient and Modern History from Magdalen College, Oxford University.
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.