2016.10.14 Fb Science Seed Fund NA

www.fundacionbarrie.org
F:FINANZASCONFERENCIAS - CONGRESOSEFFIO2016.09.22 LCG2016.09.20 Fb Science Seed Fund (2).ppt
Fundación Barrié Science Seed Fund. Aiming for
higher impact
EFC Research Forum Conference 2016
London, 18th October 2016
Strictly Private & Confidential
Ana José Varela - González

DIRECCIÓN GENERAL DE INVERSIONES
www.fundacionbarrie.or g
Barrié Foundation: Half a century promoting Science
q Promoting scientific and
academic infrastructure,
Schools of Engineering and
Architecture , Computer
Center USC ...
q Funding individual
projects, DIANA Program (
pharmacogenetics), F.
Kovacs ( spinal diseases),
...
q Supporting new
researchers,graduate
scholarships (15,000
scholarships).
€ 167M in Education and Science since 1966
q Forming research
talent, Grad School,
Mentors, Predoctoral
mobility grants ...
q Scientific vocations
q Fostering technology
transfer, Science Seed
Fund , technology
transfer training ,
International Networks

Foundations contribution to entrepreneurship and
employment
2
Education
Intervention
Research •Knowledge generation and recommendations for
action
• Generate entrepreneurship culture in the
educational system
• Direct investment in projects
• Accelerators
• Risk Capital
• Investment funds

F:FINANZASCONFERENCIAS - CONGRESOSEFFIO2016.09.22 LCG2016.09.20 Fb Science Seed Fund (2).ppt 3
Need to work around the Valley of Death
Basic & applied
research
Patenting process,
Commercial
applications
PCT extension
Proof of concept
Prototype
Business development
Business plan
Commercial contracts
Licence or
“Spin-off”

What we were looking for?
q Promote research excellence in the Galician University System (University of A Coruña, Santiago
and Vigo), hospital foundations, the Higher Council for Scientific Research (CSIC), and other
research entities within the Galician territory.
q Promote the transfer of scientific results to society as a basis for social and
economic development of Galicia.
q to validate the results of research to obtain economic returns
q Promote the formation of excellent scientists and the development of their career
in Galicia.
q Support cultural change in science, introducing the concept of applicable results and
transformers of society.
q Support technology-transfer structures in Galician institutions,
q training of experts in the valuation and commercialization of technologies.
q Promote a knowledge-based economy to ensure a more balanced, diversifiedand sustainable
development.

An investor who brings more than money
5

What activities do we support?
q Study of patentability and freedom of operation
Solicitudes internacionales de patente
qInternational Patent Applications
qBusiness model definition
qProof of concept
q Prototypes
qBusiness development
qPartners search
Reduce technologicalrisk perceived by potential customers of technology
Activities
required to bring
research results
to the market
that are not
strictly research

F:FINANZASCONFERENCIAS - CONGRESOSEFFIO2016.09.22 LCG2016.09.20 Fb Science Seed Fund (2).ppt 7
Lessons learned
qCommitted people on both sides
q Implication of the research team, key decision factor
q Strategic projects for the group
q Minimize negotiation the distribution of returns to concentrate efforts on
commercialization
q IP value and rights
q As early as possible and as narrow as possible
q Need to welcome external partners
q Proven experience
q Each project is different: ad hoc managementneeds
q Continuous monitoring and measuring: milestones
q Only one rep to negotiate technology transfer agreements
q Medium/long term view

First degree impact
q4 proof of concepts
q3 new international patents
q+300 business contacts
q+30 NDAs
q5 MTA
q3 licence agreements
q2 spin-offs
q16 new jobs
qNew raised capital USA
qMethodology

Second degree impact
§ Methodology
§ Know-how
§ Experience
§ Contact networks
§ Model Integration in the Galician
R + D + i
§ Higher impact
Working together
2011-2015 2016-2018

Ignicia

I cannot alone change
the world, but I can cast
a stone accross the
waters to create many
ripples.

2016.10.14 Fb Science Seed Fund NA

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