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- Slides: 13
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ICL INNOVATION Ltd. A New ICL Technology Incubator through Open Innovation For Weizmann Institute www. icl-innovation. com
ICL- Innovation: A “Generator of ICL’s Growth” Objectives • Create an open innovation model • Scout innovative ideas from external research bodies. • Introduce innovative projects to ICL business units Means • Establish a platform to manage technological projects from all over the world. • Provide R&D, financial and commercial support. • Develop selected projects to the stage of implementation/ commercialization by one of ICL business units. 3
General description of the business model Sourcing projects that can contribute to ICL‘s growth Selected projects will be carried out in the optimal location for its success. Terms of remuneration to the inventor/entrepreneur will be agreed in advance. מיזם 4
Contractual Relationship with the Entrepreneur The IP will be licensed to, or will be owned by ICL Innovation Work program and contracts with inventors/entrepreneur will be signed for each project. The inventor, according to his abilities, capability and availability, will take part in the project team. In case ICL withdraws from the project the technology and received IP will be returned to the inventor 5
The Uniqueness of the Model Financing Added Value Research Strategic Infrastructure Contribution Angels + Incubators + + Consortia + + + Venture Capital ++ + + Corporate VC ++ ++ ICL-Innovation ++ ++ Simplicity + +/+/- +++ 6
Creation of Deal Flow Presenting a wish list of unmet needs Active search for technologies Active search for research centers and researchers active
Fields of Interest Fertilizers and Agro Functional food and additives Materials (FR’s, Biocides, Br derv. , Mg products) Water and Waste Water
Needs in Fertilizers Encapsulation of Fertilizers Controlled Release Fertilizers Biodegradation of Coated Fertilizers Plant Stimulants Micronutrients Transportation New Foliar formulations 9
Needs in Food Additives that improve processing Stabilizers and Texturizers Edible Proteins 10
Needs in Water Removal of harmful microorganisms Treatment of biofilm Removal of sodium from irrigation water Novel desalination technologies Upgrading of desalination water for use in irrigation. Utilizing phosphates from waste streams. 11
Summary ICL Innovation is aimed at enhancing ICL’s innovation and growth by Open innovation. Selected projects will be technically, commercially and finnacially supported by ICL Innovation Successful projects will be implemented by one of ICL businss units. Rejected projects will be returned to the Inventor/entrepreneurs. 12
Thank you !