IFC has a strong and well-performing technology-investing business in information technology, biotechnology and clean technologies
The IFC has developed a capacity to deliver financing to small and medium-sized enterprises through wholesaling vehicles and other mechanisms
The larger objective of IFC TTF is to develop the capacity and effectiveness of emerging markets institutions, such as universities, to identify marketable technologies they develop, and to commercialize those technologies with private sector partners
IFC’s client countries accelerate growth of tech capacity
IFC's business benefits through early association with entrepreneurs and companies that will grow to need additional financing, including equity, to meet their business objectives, as well as corporate governance and other services
Coordinate/collaborate with other World Bank Group efforts
Academia/Industry Relationship and Stakeholders ACADEMIA INDUSTRY Commercialization of New and Useful Technologies Teaching Research Service Economic Development Profits Product R&D Knowledge for Knowledge’s Sake Academic Freedom Open Discourse Management of Knowledge for Profit Confidentiality Limited Public Disclosure
Hypothetical Intervention # 1 Facilitate integration of emerging markets research institutions into global technology flows and marketplace.
Markets and innovation, as well as the challenges and needs that generate innovation, increasingly involve emerging markets. Part I and Part II research institutions recognize this, but have not yet developed an infrastructure to support globalization.
Solutions from the IFC?:
Support development of an international community of TTO professionals
Use its convening power to support establishment of a joint organization,
Provide early support for design and implementation of programs for Part II countries
Assist countries where needed in establishing national policies
HYPOTHETICAL INTERVENTION # 2 Target IFC advisory services to building TTO capacity in Part II countries
Issues associated with the establishment, operation and effectiveness of TTOs in emerging markets include:
Issue 1: Enabling culture and environment
Issue 2: Operations, management and procedures
Issue 3: Marketing innovation licensing and spin-outs)
Issue 4: Integration into global technology marketplace
Issue 5: Sustainable development
Solutions from IFC?
How can IFC advisory capacities be supplemented, enhanced and packaged to develop TTO capacity in emerging markets?
Collaboration with organization emerging from HI 1 or with existing regional organizations?
HYPOTHETICAL INTERVENTION # 3 Provide IFC financing targeted to specific gaps and needs in TLO space
Institutions universally identify financing of innovation and spin-outs as the single biggest challenge
Most locations have very limited sources of capital
Many national, state and local governments have investment programs for seed-stage development
the level of funding and value add support is severely limited
The “valley of death” looms large
Solutions from IFC?:
Can IFC deliver financial products that meet identified market needs on sustainable (ie, quasi-commercial/DFI) basis?
TLO programs have generated financing needs and solutions that mirror IFC product offerings
In emerging markets DFI involvement may be required to attract other financing sources, provide value add services such as opportunity validation, market insight, corporate governance guidance and life-cycle financing options.
HYPOTHETICAL INTERVENTION # 4 Facilitate flow of products derived from university technology in Part I countries to companies in Part II countries; facilitate flow of products derived from university technology in Part II countries to companies in Part I and Part II countries
Products derived from university technologies in either Part I or Part II countries are often not developed, modified, manufactured or marketed globally.
Establish a business or facility to support globalization of technology flows, in terms of (a) applying Part I innovations to Part II markets, and (b) incorporating Part II innovations in commercialization “packages”