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Noel Daly, IDEAGEN 2
 

Noel Daly, IDEAGEN 2

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Noel Daly, Lifescience and Food Commercialisation, Enterprise Ireland at IDEAGEN 2

Noel Daly, Lifescience and Food Commercialisation, Enterprise Ireland at IDEAGEN 2

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  • The development of the knowledge economy is one of the key challenges and opportunities facing Ireland. Science, Technology and Innovation in Ireland, in 2006 the strategy was launched to accelerate the development of our economy & take a leap forward and move Ireland to an acknowledged leader in this field. This strategy is based on a shared vision of placing Ireland firmly on the global map in terms of the excellence of our research and its application. The strategy outlines the basis for research funding & why this funding is of importance. It’s not just about inputs to research (Facilities & Cash) Economic growth and research commercialisation are a central part of the strategy. Transfer of knowledge from research organisations into the market place has been identified as a key issue in the development of a world class research and commercialisation environment. The strategy review identified serious deficits in the Irish system in the areas of awareness, identification, evaluation, capture, protection and commercialisation of ideas; and several mechanisms were put in place to address these. A multi facetted approach to improving performance in the management and commercialisation of ideas from publicly funded and collaborative research has been developed. This has involve strengthening the IP/Commercialisation functions within the Higher Education Institutes (TTSI). This has been supplemented by the development of a range of measures supported by EI to develop collaborative links between industry and academic researchers.
  • When looking at any strategy it is important to understand the economic model behind it - I once met a professor who lectured on the Harvard MBA programme, he maintained it was not difficult to understand an Economic System. It was simply a matter of following the money, from this it was possible to infer what everyone stood to gain. Within the SSTI frame work, research investments made by the EU & Irish government are administrated by state agencies. Grants are awarded to research performing organisations, with the explicit intent that Value will be created Research will be commercialised. The conversion of research funding to knowledge is clearly evident, but what is often forgotten is the second conversion in this economic system. Without commercialisation activities and the efforts of industry to translate that research knowledge back into cash. No taxes are generated and the system eventually fails to function. Any part of the system that fails to deliver or function effectively will have a knock on effect in the future.
  • Mechanisms by which the research is commercialised are many and varied, however the greatest economic value is obtained in the following ways: New companies (Spin-out) Transfer of Knowledge (Licence) Transfer of skilled people (Employment) The transfer of skilled people to industry enhances the development and growth of companies. Multinationals and the indigenous companies reap the benefits of highly skilled employees who creating new products and generating exports. In addition there are substantial knock on effects in the wider economy by the transfer of people to industry which must not be overlooked. When a transfer of knowledge is effected by the licences of technology this often results in the growth of new products and services. Delivery of these products & Services also results in a substantial knock on effect in the wider economy. Knowledge transfers activities often require collaborative programmes between third level and industry and several mechanisms exist to support these. (Innovation Vouchers, Innovation Partnership, ILRP’s) Finally, many new companies have been formed that have their inception in state funded research and a number have grown to a significant level of scale. On occasions there have been IPO’s and trade sales which are the primary mechanisms to release cash to entrepreneurs, venture capitalists and others who have grown such companies. Although these events are rare, when they occur they provide opportunities for experienced entrepreneurs to lead and invest in new ventures.
  • These are two real case studies which are both trading, they were formed around the same time but have had very different futures. What is interesting is the technology in the academic lead company is relatively strong and well developed. The commercially lead company had to source technology from a number of areas and then employ a team to merge the pieces. In the Innovation Magazine Irish times 4 th Sept 2009 - Michael Casey (former chief economist with the Central Bank) describes the “scientist-entrepreneur” as an exotic creature. I concur, they area rare breed and in reality few people can display the requisite scientific and commercial excellence, to take their own technology to market. Dr. Chris Horn ( Co-founder of Iona Technologies ) is however one of a handful of these “ scientist-entrepreneurs” – or more correctly a scientist turned entrepreneur. Chris, points not to large number of relatively small but innovative companies being the answer to Irelands current Economic anguish. Chris goes on to say that the recycling of entrepreneurial talent from one wave of technological innovation to the next is a key element in this process.
  • Enterprise Ireland is working on our Business Partners Programme. This seeks to accelerate the development of companies from academic research by introducing strong commercial leadership. The scheme was advertised in November 2008 and ~ 200 applications were received. These have now been reviewed and EI are working with upwards of 50 commercially minded individuals to identify new commercial opportunities from state funded research. Need to have scalable approach for EI’s current & future business needs Past experience identified the essential components - Commercial Expertise & Cash Primary Objectives. Build new companies providing sustainable economic growth from previous state investment in academic research, with strong commercial leadership. Facilitate access to research Support entrepreneurs looking at new opportunities Build interaction with the Business Community Culminates in a HPSU Application & Business Plan

Noel Daly, IDEAGEN 2 Noel Daly, IDEAGEN 2 Presentation Transcript

  • Research Landscape & Funding Noel Daly Lifescience and Food Commercialisation Enterprise Ireland [email_address]
    • R & D for Enterprise, Innovation and Growth
    • State investment in third level research ~ €5Bn by 2013
    • Commercialisation
    • http://www.forfas.ie/media/asc060618_sti_strategy.pdf
    The Basis For Research Funding
  • The Economic Model EU FP6, FP7 Dept. Enterprise Trade & Employment EI IDA SFI Irish Industry (EI Clients, IDA Client & Others) Research Establishments Dept. Finance C A S H V A L U E T A X E S Dept. Communications Energy and Natural Resources SEI
  • Mechanisms by which research is commercialised
    • Primary Mechanisms
      • Transfer of skilled people (Employment)
      • Transfer of Knowledge (Licence)
      • New companies (Spin-out)
  • Enterprise Ireland Commercialisation Funding Commercialisation Fund 1. Proof of Concept 2. Technology Development 3. Commercialisation + (for colleges only – commercialisation by way of licensing or creating spin-out company) Innovation Vouchers Innovation Partnerships ILRP Competence Centres (for Industry only) Research Community Industry / Market Commercial & Technical Deliverables
  • Industry lead Research and collaboration Competence Centres (~€1 million+ per annum over 5 years) Industry Lead Research projects (~€1.5 million over 2-3 years) Innovation Partnerships (~€200k over 18 months) Innovation Vouchers (Once off payment of €5K) Size of budget Number of Ind. Partners Collaboration Complexity What Industry wants
  • Does the model work?
  • What Does EI Offer? I D E A RESEARCH Proof of Concept DEVELOPMENT Technology Development Industrial Led Research Programs Innovation Partnerships MARKET PLACE Commercialisation Plus Commercialisation of Research & Development Industry/third level Linkages Technology Licensing Business/Team Development Product Definition Market/ Competitive analysis Building Networks Intellectual property strategy Incubator Space I N D U S T R Y I D E A Industry/third level Linkages Technology Licensing Business/Team Development Product Definition Market/Competitive analysis Building Networks Intellectual property strategy Incubator Space I N D U S T R Y RESEARCH Proof of Concept DEVELOPMENT Technology Development Industrial Led Research Programs Innovation Partnerships MARKET PLACE Commercialisation Plus Commercialisation of Research & Development
  • Accelerating Irish Start-ups EI HPSU Target for 2008-2010 - 200 Enterprise Ireland Offer for High Potential Start-ups Growth Issues Innovative HPSU Offer Incubators Innovation Partnerships IP Support Resources Marketplace Client Knowledge Service Techsearch Access to College Research Business Angels Venture Capital Networks International Mentors Innovation Management Business Accelerators Investor Ready Workshops Capability Feasibility EnterpriseStart Feedback Enterprise Platform Strategic Consultancy Mentors Direction
  • So what makes a difference?
    • More research and technology
    • People with expertise and experience
    • Better means to connect technology and people:
      • at the right time
      • and with the best blend
  • Two case studies
    • Case 1
      • Lacks commercial expertise
      • Relatively strong technology
      • Takes two years to license technology & get the company formed
      • Relatively poor business plan
      • Still Looking for funding
      • Works on this during summer months
      • Has issued sub-licenses, which generate zero revenue
      • Has no employees
    • Case 2
      • 30 years commercial experience
      • Relatively weak technology
      • Takes three months to build a concept, & decide how to move it to market
      • Has business plan suitable for investment in 6 months
      • Gets €1.5M investment
      • Employs 8 people
      • Customers fly their R&D teams to Ireland to see his product
  • Business Partners Programme
    • Why Business Partners?
      • Historical perspective
      • Need to have scalable approach for current & future business needs
      • Past experience
        • Commercial Expertise & Cash
      • Joined up thinking
    • Primary Objectives
      • Build new companies providing sustainable economic growth from previous state investment in academic research, with strong commercial leadership.
      • Facilitate access to research
      • Support entrepreneurs looking at new opportunities
      • Build interaction with the Business Community
      • Culminates in a HPSU Application & Business Plan
      • http://www.enterprise-ireland.com/StartBusiness/What+is+a+HPSU/BusinessPlan.htm
  • Research Expertise
    • Marine Renewables – Tidal / Wave / Ocean
      • Hydraulics and Maritime Research Centre (NUI Cork)
      • Dedicated offshore test site in Galway Bay
    • Wind Energy / Renewable Energy
    • Electricity Research Centre (ERC)
    • Grid Integration of renewables, in particular wind power
    • Microgeneration
    • Demand-side management
    • Centre for Renewable Energy at Dundalk IT (CREDIT) - Dundalk 2020 (SEI)
    • Environmental monitoring
    • National Centre for Sensor Research (DCU)
    • EnviroCore (Carlow IT)
    • BioPlastics
      • Kevin O’Connor (UCD) - Biodegradable plastic, Waste transformation, Biocatalysis
    • Biomass / Biofuels & Waste to Energy
    • Energy Research Centre (NUIG)
    • Bioenergy
    • Renewable Resources
    • Energy Efficient Technologies
    • Energy and Society
    • Bioresources Research Centre (UCD)
    • B iomass production systems
    • Biomass conversion technologies
    • Teagasc Oak Park / Carlow IT
    • National centre for arable crop research
    • Charles Parsons Initiative on Energy and Sustainable Environment (CPI) (UL)
    • Chemical Technologies for Biomass and Biofuels
    • Energy Storage and Generation
    • Evaluation and Support of Energy Systems
  • So where to from here?
      • We know
        • Commercialisation of research is paramount
        • There is scope for improvement in exploitation
        • Support structures are in place
      • We need
        • All researchers to have commercialisation high on their agenda
        • Work with TTO offices
        • Interested entrepreneurs
  • Thank you !