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 David Klenerman, Shankar Balasubramanian • 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 Cambridge, London Munich, Paris, Stockholm, Helsinki, Slide 15 Clusters • World Class University • Entrepreneurial Spirit • Close Relationship with Lead Companies • Venture Capital • 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 .