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IP & Tech-transfer (7 Dec 2011)
 

IP & Tech-transfer (7 Dec 2011)

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A presentation made by Dr Gordon McConnachie, CTO of APICC on the development prospect of Innovation & Technology, Technology Transfer and Technology Commercialization in Hong Kong.

A presentation made by Dr Gordon McConnachie, CTO of APICC on the development prospect of Innovation & Technology, Technology Transfer and Technology Commercialization in Hong Kong.

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  • One way to look at IC The narrowing down of thought into knowledge and know how Codified Intellectual Assets Intellectual Property
  • One way to look at IC The narrowing down of thought into knowledge and know how Codified Intellectual Assets Intellectual Property
  • Discuss in detail with an example: car manufacturer
  • The ABCs of ABM 1- Introduction

IP & Tech-transfer (7 Dec 2011) IP & Tech-transfer (7 Dec 2011) Presentation Transcript

  • IP AND TECHNOLOGY TRANSFER: SOME PRACTICAL COMMENTS Presentation by Dr Gordon McConnachie Former Manager of Technology Transfer, Dow Chemical Europe Founding Chairman of Scottish IA Centre CTO of Asia Pacific Intellectual Capital Centre Mail: gordon@gmcconnachie.com gmcconnachie@apicc.asiaRoundtable on : Hong Kong’s Patent System and Hong Kong as an IP Technology Transfer Centre 5.30 – 7.30 pm, Wednesday , 7 December 2011 Room 502, Legislative Council Complex
  • The Developing World Situation: GDP 2
  • The Developing World Situation: Population Density Source: TripAtlas Persons per square kilometre 2006 3
  • In a classical economy: Factors of production:  Land  Labour  Capital ($) Intangible factors of production:  Enterprise or Entrepreneurship
  • In a Knowledge Economy: Factors of production:  Creativity  Innovation  Wealth Creation Complimentary business assets:  Manufacturing facilities  Distribution capacity  Sales force
  • Intangible Assets are the keyComponents of S&P 500 Market Value
  • Hong Kong does not have any choice •As a high-cost economy, Hong Kong must follow the examples of OECD and EU in climbing up the economic ladder •Hong Kong should try to understand what it takes to build a Knowledge Economy in Hong Kong
  • Hong Kong Now and Future Today Future Centre for Financial Services  Centre for IP + TT A trading centre for tangible goods  A trading centre for intangibles Trusted Legal System  A knowledge centre for China Science Park at early stage  A bridge China – The World Cyberport well founded Solid base in real estate World class public transport
  • USA started in the early 1990s: Facilitate the formation of industry-specific Knowledge-based Economy expert groupsICM Gathering of the USA: A group of ~ 30 companies, sophisticated in the management of their intangibles. The frameworks and methods for extracting value from intangibles were created by the companies themselves and not by academics or consultants Dr Patrick Sullivan
  • Another View of Intellectual Capital TOWARDS INNOVATION Intellectual Knowledge & Innovation Intellectual Assets Know-How Property (Intellectual Capital)
  • Innovation(in products and services offered or government policy outputs) Intellectual Capital (unique) Complementary Business Assets (differentiated) Value Creation Value Extraction Intellectual Intellectual Human Assets Assets $ Capital and (Free Innovation) (Free Innovation) Intellectual Jobs ecr o F s e a S Property l s etili c a F gnr u c a una M s etili bapa C not ubrt s D i i i i t f Structural Capital (generic) Source: © Patrick Sullivan, ICMG i i
  • Sources and Conversions of Value Conversion Sources of Value Mechanisms • Innovations • Sale • Complementary • Out-license $ Business Assets • Joint Venture – Purchasing • Strategic Alliance – Manufacturing • Integrate with – Distribution Current Business – Sales • Create New Business • Donate • Barter/Trade
  • IP AND TECHNOLOGY TRANSFER IN HONG KONG IS MUCH MORE THAN JUST TRADING PATENTS MUCH MORE THAN COPYRIGHT AND TRADEMARK LICENCING Source: US Patent Office
  • WHAT DO BUYERS AND SELLERS NEED?e.g. Dow Chemical Freeport, TX, USA Facility Source Gordon McConnachie
  • Dow Chemical - IAM Model Source: Dow Chemical INTELLECTUAL ASSET DOW INTELLECTUAL STRATEGY/ ASSET PORTFOLIO BUSINESS TACTICS STRATEGY BUSINESS BUSINESS INTELLIGENCE VALUE & ASSESSMENT TECHNOLOGY ASSESSMENT TECHNOLOGY Five Phases R&D ALTERNATIVE INVESTMENT PLANS 1 PortfolioINTELLECTUAL VALUE 2 Strategy ASSET GENERATION GENERATION 3 Business Intelligence & Technology Assessment 4 Valuation TECHNOLOGY 5 Investment PROCUREMENT Value Creation - Value Extraction – Value Release
  • BUYERS AND SELLERS NEED SOME OR ALL OF THE FOLLOWING The full service model provides all aspects of the well defined process for packaging and selling an IP + Technology bundle. The buying process is simply a mirror image. Package definition, Potential buyer sourcing and analysis, Potential buyer contacting, Making the sale, Making the deal in detail, Transferring the technology, Following up on obligations (royalties, performance).
  • CHOICES FOR HONG KONG IN IP & TECHNOLOGY TRANSFER1. Form a commercial IP trading hub (have no control and accept whatever small risky market is present)2. Create a true IP+TT Trading Centre to facilitate IP+TT transactions from the World into China and from China into the World (which can also do (1)). (be in control and build the market in co-operation with China and the World)
  • Investing in technology alone? AApolicy of investing in technology policy of investing in technology alonewithout knowing how to extract alone without knowing how to extract economic value from it has no future. economic value from it has no future. HongKong must learn how to manage Hong Kong must learn how to manage its Knowledge Capital. its Knowledge Capital. HongKong must have aapolicy that Hong Kong must have policy that supportscommercialisation of supports commercialisation of technology. technology.
  • FUTURE VISION for IP and Technology Transfer in HK enterprise Cities of China china HONG KONG enterprise HAS A UNIQUE ROLE network china Hong Kong network and about 100 other IP + TT players large and small .
  • What will HK’s IP & TechnologyTransfer development strategy be? Will we depend on …  Formation of an IP Exchange? Formation of an IP Exchange?  Trading of IP derivative as financial products? Trading of IP derivative as financial products?  Innovation and Technology Bureau? Innovation and Technology Bureau?  Build upon our strong producers services Build upon our strong producers services capacity and further develop the IP andcapacity and further develop the IP and technology transfer services and IPtechnology transfer services and IP commercialisation knowhow through hard work?commercialisation knowhow through hard work?
  • The Presenter Dr Gordon McConnachie, Former Manager Technology Transfer Dow Europe Founding Chairman IA Centre Scotland Chief Technology Officer APICC Hong Kong SAR China Co-ordinates APICC China Network Owner GM ICM Services Located: Bangkok, Thailand Tel: +66-8-9923-5110 e-mail: gordon@gmcconnachie.com web: www.gmcconnachie.com www.ia-centre.org.uk www.apicc.asia