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Yissum: Innovative Approaches to Technology
Transfer
Yaacov Michlin, President & CEO
October 2010
2
46 Years of Transferring Technologies
Among the top 15 Technology Transfer Companies in the world
6,100 patents
1,750 in...
3
A Heritage of Excellence
5 Campuses
5 affiliated hospitals
3,500 Research
projects >100 Research
centers
Over 400 Resear...
4
Israel’s Top University
Israel is ranked 4th
in the world in
investments in biotechnology per GDP *
Israel is ranked 3rd...
Taking Technology Transfer to The Next
Level:
Traditionally: Technology Transfer
Companies filed for patents and searched
...
New Technologies Face The Valley of Death
6
Over 120 new
projects were
created in 2009
About 90 have
commercial value
Scre...
Bridging the Valley of Death: Today
Academic
Grants
Baby
Seed
Nofar
Magneton,
Incubators
Independent
Companies
Extensive
L...
Bridging The Valley of Death: Tomorrow’s
New Business Models
Additional
Funding
Matching
Funds With
Big Industrial
Compani...
1. Royalty-Based Funding Model:
No
9
2. IPO:
No
10
11
15 New promising projects
per year
10 approved by OCS after
recommendation of Yissum
investment committee (per year)
Mi...
The next generation in Technology Transfer:
Shared investment and shared
revenues while investing in multiple
early-stage ...
Yaacov Michlin
Yaacov.Michlin@yissum.co.il
Thank you
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Yaacov Michlin - Yissum

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Modern Approaches to Technology Transfer

Yaacov Michlin
President and CEO, Yissum
Hebrew University

Published in: Economy & Finance, Business
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Yaacov Michlin - Yissum

  1. 1. Yissum: Innovative Approaches to Technology Transfer Yaacov Michlin, President & CEO October 2010
  2. 2. 2 46 Years of Transferring Technologies Among the top 15 Technology Transfer Companies in the world 6,100 patents 1,750 inventions 450 licenses 68 spin-offs
  3. 3. 3 A Heritage of Excellence 5 Campuses 5 affiliated hospitals 3,500 Research projects >100 Research centers Over 400 Researchers in applied sciences 1,600 Post-Graduate students in biotechnology 1,000 researchers (staff members) 23,000 students 30% of all Israeli academic scientific research 43% of Israel’s biotechnology research>1/3 of PhD students in Israel
  4. 4. 4 Israel’s Top University Israel is ranked 4th in the world in investments in biotechnology per GDP * Israel is ranked 3rd in the world for the number of start-ups in the field of biotechnology * The Hebrew University :* * No. 1 in Israel No. 5 in Asia-Pacific region No. 72 worldwide No. 21 worldwide in Computer Science No. 51-77 worldwide in Natural Sciences & Mathematics Only Israeli university in top 100 * OECD Report 2009 * * U of Texas Institute of Higher Education, Shanghai Jiaotong University 2010 Scale of Academic Excellence * * Haifa Univ. Bar-Ilan Univ. Ben-Gurion Univ. Technion Weizmann Inst. Tel Aviv Univ. The Hebrew University of Jerusalem
  5. 5. Taking Technology Transfer to The Next Level: Traditionally: Technology Transfer Companies filed for patents and searched for Licensees Now Yissum takes an active approach in finding new ways to bring academic research to commercialization: Creating a comprehensive platform for financial investment in a variety of projects Securing different funding opportunities for projects at different stages of development We actively ensure that our projects get a better starting point for future R&D 5
  6. 6. New Technologies Face The Valley of Death 6 Over 120 new projects were created in 2009 About 90 have commercial value Screening process 30are commercialized 60 have commercial value but need further R&D and funding Creation of spin-off companies which receive investments Valley of Death $$$$$$ Licensing agreements with strong commercial terms By introducing new creative funding routs 15-30 of these projects can have a better starting point that shall increase their chances for commercialization.
  7. 7. Bridging the Valley of Death: Today Academic Grants Baby Seed Nofar Magneton, Incubators Independent Companies Extensive Long Term Collaboration An internal Yissum Program Such as Roche Funding through the OCS The Valley of Death Yissum’s services for the researchers – aimed at bridging the gap between academic financing and commercialization stage Direct investment in one of Yissum’s 45 spin off companies 7
  8. 8. Bridging The Valley of Death: Tomorrow’s New Business Models Additional Funding Matching Funds With Big Industrial Companies Long-Term External Royalty-Based Funding Model IPO: Yissum’s Holdings in Spin Off Companies Yissum’s Incubator 8
  9. 9. 1. Royalty-Based Funding Model: No 9
  10. 10. 2. IPO: No 10
  11. 11. 11 15 New promising projects per year 10 approved by OCS after recommendation of Yissum investment committee (per year) Minimum 1 million NIS per year per project Funding 2-3 years later Licensing Closing Project 3. Financial Advantages in owning an Incubator: A joint investment committee Project management using Yissum and HU infrastructure
  12. 12. The next generation in Technology Transfer: Shared investment and shared revenues while investing in multiple early-stage projects Join us in a Conceptual Change in TechnologyJoin us in a Conceptual Change in Technology Transfer:Transfer: IPO Industry Matching Funds Incubator/ spin offs Royalty- Based Funding 12
  13. 13. Yaacov Michlin Yaacov.Michlin@yissum.co.il Thank you

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