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Commercialising University Research Viraj Perera
 

Commercialising University Research Viraj Perera

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    Commercialising University Research Viraj Perera Commercialising University Research Viraj Perera Presentation Transcript

    • Dr Viraj Perera Business Development Manager Warwick Ventures University of Warwick UK
    • Commercialising University Research Introduction
      • Development and Commercialisation Life Cycle
          • - Opportunities
          • - Pitfalls
          • - Insights
      • Summary
      • Questions and Review
    • Commercialising University Research Opportunity – Knowledge base Pitfall – Insufficient business skills
        • Not all researchers are talented entrepreneurs
        • Issues in communicating the opportunity
        • Raising capital can be difficult without
        • business acumen
        • Intelligent people with academic brilliance
        • Talented innovators
        • Government and industry support
        • Public recognition and trust
    • Commercialising University Research Opportunity – Applied research
        • Industry focus
        • Quality early stage commercially focused
        • projects
        • Great ideas for unique IP development
        • Routes to commercialisation
        • (1) License (2) Sell IP (3) Form spin-off
      Pitfall – Barriers to commercial success
      • Publish or commercialise?
      • Issues relating to IP ownership
      • Optimal strategy to commercialise
      Success
    • Commercialising University Research Opportunity – Several routes to access funding Pitfall – Issues in attracting funds
      • Lack of awareness of funding sources
      • Lack of management skills to attract funding
      • Proposals not investment ready
      • Weaknesses in project evaluation for
      • investment
      • Government supported grants and funding
      • Higher Education Funding Council
      • for England (HEFCE) research funding
      • (2) Research Councils R&D funding
      • (3) Other initiatives (Science Research
      • Investment Fund)
      Technology transfer funding (1) MERCIA (2) West Midlands Finance (3) Wellcome Trust (4) Small Business Research Initiative (SBRI)
    • Commercialising University Research Opportunity – Pioneers in early stage development
        • Expertise and knowledge base
        • Collaborative networks
        • Existing infrastructure/equipment
        • Financially viable route
        • Effective validation
      Pitfall – Barriers within late stage development
      • Expensive and risky
      • In-house development (slow)
      • Challenges (academic versus industry worker)
      • Misconceptions
    • Commercialising University Research Opportunity – Existing support for commercialisation
      • Support from the university or its commercial arm
      • Support from existing networks/contacts
      • Knowledge Transfer Networks (KTNs)
      • Government initiatives
      • - Business Link West Midlands
      Pitfall – Ineffective decision making
      • License versus spin-off route
      • Spin off formation – funding and risk
      • University contribution and shares in a spin-off
      • Venture capital funding and management
      • Spin-off failure
    • Commercialising University Research Summary Knowledge Industry focus Funding Development Commercialisation £  University Industry