TECHNOLOGY TRANSFER FROM THE RESEACH BASE: INGREDIENTS FOR SUCCESS AND CURRENT DEVELOPMENTS Tom Hockaday, Isis

Innovation, Oxford, UK

Contents Introduction Isis Innovation

Elements
Phases of growth

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Introduction Knowledge Based Economy Universities (the Research Base) Industry, Business

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Towers

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International Innovation Intermediaries 4th Dimension

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Madrid

Barajas Cuatro Torres

Atocha

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Oxford University

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Oxford & Isis Innovation

OXFORD

Today - Most Powerful UK Research University

Highest University Research Spend in UK at 542 million (2012) ISIS INNOVATION Isis Innovation Ltd is a company 100% owned by the University of Oxford, established in 1987 Isis helps researchers who wish to commercialise the results of their research A world-class Technology Innovation business. Isis 5th highest British PCT patent applicant

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Isis Innovation Ltd

A profitable company 100% owned by the University of Oxford
Oxford Technology Transfer
IP, Patents, Licences, Spin-outs, Material Sales, Outcome Questionnaires, Seed Funds, Isis Angels Network, Isis Software Incubator, Oxford University Hospitals NHS Trust

Oxford Expertise
Consulting, Services

Isis Consulting Business

Technology Transfer and Innovation Management
@isisinnovation
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Isis Impacts
The impact of Isis activities is

seen through the take-up of

new technologies and ideas that form the basis for new products and services.

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Natural Motion

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Oxford Immunotec

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Spin-outs The Players

Founder Researchers Shareholder, Director, Consultant I N V Isis - licence, University shareholding, director (OSEM) Shareholder, Director Shareholders

TT

Isis Technology Transfer Manager

Investor (1) Investor (2) ? Manager (1) Manager (2)?

E
S T CEO, Shareholder

Lawyers
Accountants Bankers Time
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M E N T

Lawyers Advisers Accountants Bankers

Syzygy

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Intermediaries - International Intermediaries - International Intermediaries 4th Dimension

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IsisActing Innovation Staff as Multi-dimensional

Intermediaries

Investor axis ->

3D Spin-out Academic axis -> Research

2D Licence, Consulting Commercial axis Research ->

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Intermediaries - International Intermediaries - International Intermediaries 4th Dimension

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ELEMENTS

Layers in the Innovation Ecosystem

Innovative companies, investors, entrepreneurs, Research Base Researchers, TTO, Administrators Professional advisers patent attorneys, lawyers, accountants, banks, commercial property managers, pr, head-hunters, consultants, students, journalists Other universities, institutes

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Elements
The Research Base University, Institute, Hospitals
Business & Finance

Government
A fourth area

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Elements Research Base

Supportive Vice-Chancellor, Rector, Provost, Director
& Senior Researchers

Research Activity
High volume & quality Researcher engagement

University Policies
IP Ownership / Revenue sharing / Spin-outs Disputes

Research Services Office

Manage relationship with Research funders

Access to Proof of Concept / Seed funds

To accelerate technology transfer

Technology Transfer Office

Adequately resourced

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Elements Business & Finance

Business Networks

Innovative Technology companies

As Licensees

Business Angels Seed & Venture Capital Entrepreneurs Professional Advisers

Banks / Accountants / Lawyers / Property

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Elements - Government
Tax incentives
SME Benefits CGT & Income Tax Tax credits & Tax relief Patent Box

Grant programmes
Technology Transfer capacity, proof-of-concept Businesses

Government Agencies
Research Funding, Innovation (TSB in UK) National Research Facilities, Government Science Parks

Legislative framework
Intellectual Property Company law

Public procurement Support & Clarity & Consistency

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Elements A fourth area

Non Governmental Organisations

Charities
Foundations Not-for-Profits

Social Enterprise

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Oxford incubators & science parks

Begbroke Science Park Oxford Entrepreneurs Incubator Oxford Low Carbon Hub Isis Software Incubator Oxford Centre for Innovation
Oxford Magnet

Oxford BioEscalator

Harwell - European Space Agency's Business Incubation Centre

Oxford Hub

Science Vale Enterprise Zone Milton Park

Oxford Science Park

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Source: Google Maps

The Innovation System

Start-ups Journalists City deal Accountants

Angel Networks

Angel Investors Government Labs Bankers Lawyers Incubators

Recruitment, head-hunters

University Researchers
Science Parks Investment Funds

Technology companies Students

Other universities Industry

Local Government

Business networks

Hospitals

Local Enterprise Partnership

Commercial property managers

Research Institutes
Business

Public Relations
Members of Parliament

Technology Transfer organisations Consultants

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Phases of Growth

Phases - Introduction
Phase 1 Phase 2 The old days The heydays up to late 1980s mid 1990s to mid 2000s

Phase 3
Phase 4 a Phase 4 b Implications

The winds of change

Economic pressures Impacts of Impact

early 2010s
nowadays looking ahead

REFERENCE:

LES NOUVELLES, December 2013 http://www.lesi.org/les-nouvelles

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Phase 1
Research just got funded somehow, anyway, by government? Occasional interactions with industry, ex-students

University, Researchers

Industry

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Phase 2
Increasing interactions with industry, technology companies, 2-way flows. Recognition of value of IP, creation of TTOs

University, Researchers

Technology Transfer Office

Industry

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Phase 3
TTOs mature, some thrive, many struggle. Research collaborations with Industry become far more important to researchers [why? weak economy, pressure from government]

University, Researchers

Technology Transfer Office

Industry

Researchers now view IP differently, as a means to research funding, not only TT deals

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Phase 4
TTOs need to adopt more flexible models, to satisfy changing ways researchers view the use of IP, and changing industry models, Open Innovation

Licensees University, Researchers Technology Transfer Office

Spin-outs Research Collaborators

Universities need to modify its expectations of the TTO. Will character of TTOs change ?

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Phase 5
Universities respond to pressure for Impact, become far better a explaining benefits from public investment, TT impact diluted.

Policy University, Researchers Technology Transfer Office

Industry Society

University views TTO as smaller part of a bigger picture.

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Phases - Implications
For Technology Transfer Offices
- may disappear where the university sees no economic value in its IP - must [continue to] explain non-commercial benefits of the commercial route

For Universities
- may lose the non-commercial benefits [Impact] of the commercial route - will complain later when they miss the blockbuster

For Government
- beware the commercialisation effect - help universities understand why commercial route is good for them, for the noncommercial reasons

For Industry
- may miss out on commercial positions - may pick up more technologies for free

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Isis Innovation Ltd, Ewert House, Ewert Place, Summertown, Oxford OX2 7SG T 01865 280830 F 01865 280831 E innovation@isis.ox.ac.uk Register to receive Isis E-News at: www.isis-innovation.com/news/enews Follow us @IsisInnovation

Isis Annual Report 2013

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