Innovation to Impact Commercialisation of research in practice

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Innovation to Impact Commercialisation of research in practice Trevor Power Business Development Manager IAS

Innovation to Impact Commercialisation of research in practice Trevor Power Business Development Manager IAS Symposium 19 th May 2016

Agenda Warwick Ventures Relevance to Early Career Researchers Some terminology • Technology Transfer •

Agenda Warwick Ventures Relevance to Early Career Researchers Some terminology • Technology Transfer • Knowledge Exchange and Commercialisation (KEC) • Translation

Warwick Ventures Ltd We manage the intellectual property (IP) the University derives from its

Warwick Ventures Ltd We manage the intellectual property (IP) the University derives from its research A service for academics - and other University innovators A source of opportunities for industry Our Goals: – Impact – Reputation – Financial Return

WVL’s role We help translate the University’s research outputs into products and services that

WVL’s role We help translate the University’s research outputs into products and services that benefit the economy and society (“Impact”) Innovation discovery and planning Intellectual property management Translational funding Market & concept development Licensing Spinouts Software Incubator Student enterprise

Commercial opportunities TECH OPPORTUNITY SCORE MARKET OPPORTUNITY SCORE WV OPPORTUNITY SCORE UNIQUENESS VALUE REPUTATION

Commercial opportunities TECH OPPORTUNITY SCORE MARKET OPPORTUNITY SCORE WV OPPORTUNITY SCORE UNIQUENESS VALUE REPUTATION /20 READINESS EDGE WU VALUE TECH DEVELOPMENT MARGIN WU SUCCESS ACADEMIC CONSERVATISM WU TIME RELEVANCE ROUTE-MARKET WV EXIT /25 WV COST WV ADDED VALUE LICENCE (+) ORS PINOUT (-) /50

Intellectual property Patents Trademarks Plant breeder rights Design rights Copyright Database rights Performers rights

Intellectual property Patents Trademarks Plant breeder rights Design rights Copyright Database rights Performers rights Know how

Intellectual property Patents Trademarks Plant breeder rights Design rights Copyright Database rights Performers rights

Intellectual property Patents Trademarks Plant breeder rights Design rights Copyright Database rights Performers rights Know how

‘Hard’ (registerable) IP • Inventions – file application at IP office • Once granted

‘Hard’ (registerable) IP • Inventions – file application at IP office • Once granted & renewed provides 20 years of protection • Need for novelty & inventive step • Some exclusions e. g. surgical processes • Names • Logos • Slogans • File application with IP office. • Unlimited duration if renewed every 10 years.

More ‘Hard’ IP • New plant varieties • File application with FERA. • Protection

More ‘Hard’ IP • New plant varieties • File application with FERA. • Protection for 25/30 years from date right is granted. • Covers the outward appearance of an article • Design must be “new & materially different” • Can also be registered • Rights lasts 5 years but extendable to 25. (unregistered last 15 years)

‘Soft’ IP • Arises automatically, but can be registered • Private right belonging to

‘Soft’ IP • Arises automatically, but can be registered • Private right belonging to creator • Covers software, artistic & literary work • Duration depends on medium (usually 50 – 70 years) • About the right for commercial exploitation of “a work” • For original selections and arrangements of contents • Provides protection for 15 years from making or publication.

More ‘Soft’ IP • Rights in a performance • Any recording, film, broadcast, presentation,

More ‘Soft’ IP • Rights in a performance • Any recording, film, broadcast, presentation, performance • For copies to be made performers permission needed • In addition to copyright of any material being performed • For original selections and arrangements of contents • Provides protection for 15 years from making or publication.

Developing and exploiting IP RESEACH Grant Funding DEVELOPMENT Industry Funding Philanthropic Donations Proof-of-Concept Funding

Developing and exploiting IP RESEACH Grant Funding DEVELOPMENT Industry Funding Philanthropic Donations Proof-of-Concept Funding • University Impact Fund Approx. £ 400 k p. a. Maximum awarded ~ £ 30 k • WVL Po. C Set-up a company to develop, maybe to manufacture, and maybe sell Commercial Investment Business Angels VCs & CVCs Companies & Businesses Negotiate with a third party who develops and sells LICENSING OPTION SPINOUT OPTION Approx. £ 200 p. a. Awards ~£ 10 k COMMERCIALISATION

Commercialisation Service Market opportunities to industry; OR Build Spin-out Companies – Business Plan –

Commercialisation Service Market opportunities to industry; OR Build Spin-out Companies – Business Plan – Management team – Pitch Find partners, raise finance & grants, negotiate contracts, manage the process Exit and/or Distribute the proceeds

Student Enterprise Support Liaise with Warwick Entrepreneurs Society Part of Warwick Enterprise Partnership We

Student Enterprise Support Liaise with Warwick Entrepreneurs Society Part of Warwick Enterprise Partnership We have directly supported Student ventures We have a Software Incubator for Students and others.

WVL’s activities 100 Ideas a year (Over 1000 total) 18 licences a year (£

WVL’s activities 100 Ideas a year (Over 1000 total) 18 licences a year (£ 2 m) 35 Patents a year filed (300 total) 3 spin-outs a year (65 total, raised £ 50 m) Also (occasionally) support undergrads new business – Raised £ 4. 2 m for one in last 5 years

The Importance of ECRs We can only support you (and PIs) With Impact agenda

The Importance of ECRs We can only support you (and PIs) With Impact agenda – 1842 Academics/Researchers – 8 FTE WVL – who do we work with? – Need more scalable and efficient offering Give capability, work with, experiential Impact planning, early market validation Minimum viable product Not commercialisation! But translation…

The Importance of ECRs Government sees: – – Too few traditional jobs for Post-Docs

The Importance of ECRs Government sees: – – Too few traditional jobs for Post-Docs Innovations from Universities not being exploited Economy changing – knowledge intensive Need to stimulate the growth of the economy So what to do? – Find ways to develop entrepreneurial Post-Docs – Stimulate spin-outs, start-ups – Task Research Councils and Dept of Business Innovation and Skills

ICURe – Pilot scheme

ICURe – Pilot scheme

Building Skills - Bootcamp Entrepreneurial Mind set Idea generation Planning Discovery conversations Lean start

Building Skills - Bootcamp Entrepreneurial Mind set Idea generation Planning Discovery conversations Lean start up – minimum viable product Value Propositions Pitching, Elevator pitches, working the room Emotional Intelligence Team Building

ICURe Then send them out to create networks – – Validate possibility to start

ICURe Then send them out to create networks – – Validate possibility to start a company Enhance University/Industry Collaboration Put them in front of possible employers Kill the idea as not wanted Support/Seed Fund the best entrepreneurial post Docs

Thank you for listening Any questions? t. power@warwick. ac. uk 07590 549 453

Thank you for listening Any questions? t. power@warwick. ac. uk 07590 549 453

Thank you for listening Any questions? t. power@warwick. ac. uk 07590 549 453

Thank you for listening Any questions? t. power@warwick. ac. uk 07590 549 453