Technology Transfer

Hermann Hauser

Cambridge 9th March 2012 Slide 1 Content

• Technology Innovation Centres • Why do we need TICs? • What are the set up Criteria ? • Why now ? • Examples • Clusters • Conclusions

Slide 2 Why do we need TICs ?

Slide 3 The Need

• UK second only to US in scientific output BUT not translation ! • Race between Nations to commercialise R&D • Some of the best Research is years from investment ready • Most time is wasted at the start !

Slide 4 What is a Technology Innovation Centre?

Slide 5 Technology Innovation Centre

• Technology and Innovation Centres (TICs): Intermediate Institutions • Translational Centre between Universities and Industry • Open Innovation: Universities, VCs, Large Companies, Government need to work together • Fraunhofer Gesellschaft, DARPA ITRI,ETRI,TNO, Slide 6 From R to D

Research Technology Production Development Old: AT&T Corporate University Research, Big Company Consultancy

New: CISCO M&A, IPO Start-ups University Company TICs

Slide 7 Technology Innovation Centres

• Fills the void left by Central Research Labs of large Companies: – Bell Labs – Martlesham – GEC, Marconi research labs – EMI

Slide 8 Funding

• 1/3 Government Infrastructure • 1/3 Industry funding • 1/3 Government project funding

Slide 9 The Criteria

Slide 10 Set up Criteria

• Report on “The Current and Future Role of Technology and Innovation Centres in the UK” • Criteria: – Multi billion $ market – Clear global lead by UK – Platform Technology supporting multiple companies – Valuable part of Supply chain stays in UK Slide 11

Examples of Innovation

• Next generation Gene Sequencing • Breakthrough idea: Sequencing by synthesis • Chemistry department • Start up company: Solexa

Slide 12 Solexa

• Ultra-fast Gene-sequencing • Origin: Chemistry Department , • CEO: John West • Whole Genome in less than one Week, for $5k • Personalised medicine

• Camp: Sanger centre, Lynx Slide 13 When is Innovation Successful?

When a defensible break-through connects with a large market.

Slide 14 Where does Innovation happen?

In Clusters like

Silicon Valley, Route 128, North Carolina , London Munich, Paris, Stockholm, Helsinki,

Slide 15 Clusters

• World Class University • Entrepreneurial Spirit • Close Relationship with Lead Companies • • Supportive Government: CGT, R&D credits, Immigration • Infrastructure: Legal, Accounting, Leasing • Real Estate: Availability, Short Leases • People Network!

Slide 16 Serial Entrepreneurs

Slide 17

Source: VentureXpert Conclusion

• Technology Innovation Centres bridge Universities and Industry • Open Innovation is a team sport • Race between Nations to exploit scientific break-throughs • Clusters

Slide 18