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Scotland
Starting and growing
innovation-based
companies
YCF 11th Annual Conference
Stirling Management Centre
Thursday 12 September 2013
YCF 11th Annual Conference
Thanks to our sponsors for their support of this year’s conference.
Thanks also to :
KelvinCapitalforprovidingbreakfastforthosewhohavetravelledadistancetoattendtheconferenceandneedsomenourishmentbeforethepresentationsbegin.
McClureNaismithforsponsoringthe2013YoungCompanyShowcase—furtherdetailsintheseparateprogramme.
Starting and growing innovation-based companies
PROGRAMME
08:30 BREAKFAST courtesyofKelvinCapital09:30 MORNING SESSION
Chair
JohnAnderson,CEO,TheEntrepreneurialExchange
Changing patterns of innovation and investment StianWestlake,ExecutiveDirectorofPolicyandResearch,NESTA
Young company presentation
DrGraemeMalcolm,co‐founder,MSquaredLasers
11:00 COFFEE BREAK Investing in innovation
EnricoD’Angelo,ParkwalkAdvisorsYoung company presentation
JoeTree,founder,Blipfoto
12:45 LUNCH
14:00 AFTERNOON SESSION
Launch of YCF Guide to Finance for Young Companies
IP protection on a limited budget RichardGibbs,PartnerGlasgow,EuropeanPatentAttorney,Marks&ClerkLLP Young company presentation
DrJamesBrowning,Mpathy,GyneIdeas,Calcivis,Ocutec
15:00 TEA BREAK Commercialisation strategy for early stage companiesPhilNewman,CEO,PERGALIQ&A
16:30 NETWORKING BUFFET
17:30 CLOSE OF CONFERENCE
YCF 11th Annual Conference
John Anderson, , CEO, The Entrepreneurial Exchange
AwellknownspecialistinentrepreneurshipandnewventurecreationinScotland,JohnbringsconsiderableexperienceofemergingandhighgrowthcompaniestohisroleasChiefExecutiveofTheEntrepreneurialExchange.AfoundermemberofTheEntrepreneurialExchange,Johnwasashareholdingdirectorofayoungventurebackedtechnologycompanyengagedinthedesign,manufactureanddistributionoflaboratoryequipmentandco‐foundedacompanythatprovidedpre‐hospitalemergencycareandhealthcareindus‐trytraining.AsaCAinprofessionalpracticeheworkedwithmanyofScot‐land’smostexcitinggrowthcompaniesafterreturningtoScotlandfromChicagoin1989.
Anexperiencednon‐executivechairmananddirectoringrowingbusinesses,currentlywithtwoappoint‐ments(AWSOceanEnergyandPantonMcLeod),JohnisaParEquityAdvisoryPanelmemberandchair‐manofGabrielInvestmentsangelsyndicate.HeisaregularcontributortothemediaonissuesfacingemergingandhighgrowthcompaniesandwasinstrumentalinsettinguptheScottishEnterpriseLocalHeroesproject,basedinpartonhisownMBAthesisLocalHeroes‐Scotland'sEntrepreneurialRoleMod‐els.JohnisalsoaVisitingProfessorattheHunterCentreforEntrepreneurshipattheUniversityofStrath‐clyde,afoundingGlobalScot,andamemberofthePrince’sTrustScotlandCouncil.
Stian Westlake, Executive Director of Policy and Research,
Nesta
StianleadsNesta'sPolicyandResearchteam,whichdevelopsnewinsightsintohowinnovationworksandinfluencespolicyandpracticetomakeithappen.StianjoinedNestain2009.Hisresearchinterestsincludethelinkbetweeninnovation,governmentpolicyandnewtechnologies;high‐growthbusinesses;socialinnovation;andtherelationshipbetweeninnovation,entrepreneurshipandoptimism.BeforejoiningNesta,StianworkedinsocialventurecapitalatTheYoungFoundationandfoundedHealthyIncentives,aninnovative
healthventure.Beforethis,hespentfiveyearsasastrategyconsultantatMcKinsey&CompanyinSiliconValleyandLondon.Heholdsafirst‐classBA(Hons)fromtheUniversityofOxfordandaMastersinFinancewithDistinctionfromLondonBusinessSchool,andpursuedgraduateworkineconomicsandgovernmentatHarvardUniversityasaKennedyMemorialScholar.
SPEAKERS
Enrico D’Angelo, Parlwalk Advisors EnricograduatedfromLondonUniversitywithafirstclassdegreeinElectronicEngineeringwherehewassponsoredbyRacalElectronics,thebirthplaceofVodafone.HewentontojoinPriceWaterhousewherehequalifiedasaCharteredAccountantbeforemovingintoinvestmentbankingwithJPMorganandMerrillLynch.Hisfirstventureintoentrepreneurialstart‐upswasfarremovedfromtechnologyintheformofthebespokediamondjewelleryretailerWint&Kidd,namedafterthebaddiesinJamesBond'sDiamondsareForever.HehasbeeninvolvedinanumberofIPOsovertheyearsandhasraisedmoneyforanumberofprivatecompanies,mostrecently
advisingafinancialservicestechnologycompanyonitspre‐IPOfundingandsubsequenttradesale.MovingtoVentureCapital,hehasbeeninstrumentalinestablishingParkwalkAdvisorsasoneofthefewspecialistVCsintheuniversityspin‐outspaceviaitsseriesofUKTechnologyFunds.
Starting and growing innovation-based companies
Richard Gibbs, Partner Glasgow, European Patent Attorney,
Marks & Clerk LLP
RichardadvisesclientsinpatentingandotherIPmattersinthefieldofbiotechnologyandhasparticularexpertiseintechnologiesrelatingtoantibodies,vaccines,biologics,virology,bacteriologyandmolecularbiology.HehasworkedwithallofScotland’smajoruniversitiesandisaregularspeakeratIPconferencesandevents.RichardjoinedthepatentprofessionafteraperiodasbotharesearchscientistandauniversitylecturerhavingobtainedanhonoursdegreeinmedicalmicrobiologyandadoctorateinimmunologyandmicrobiologyfromtheUniversityofEdinburgh.Sectors:biotechnology/chemical/medicaldevices/pharmaceuticals
Phil Newman, CEO, PERGALI
Philhasworkedforover25yearsinbusinessdevelopmentandmarketingforinternationalIT&telecoms,healthcare,manufacturingandservicescompanies.Hehasextensiveexperienceofsales,marketingandbusinessdevelopment,inEuropeandintheUS.DuringhiscareerPhilhascontinuallypursuedentrepreneurialopportunitiesandhascreatedcommercialtractionandliquidityforasignificantnumberoffastgrowthcompanies.Hiscreativebackgroundhashelpedhimshapeunconven‐tionalcampaignsandstrategiesforcommercialgrowth,garneringbothawardsandinvestorROI.
MostrecentlyheledthecommercialdevelopmentandmarketingatTouchBionics,thecreatorsofthei‐LIMBHand,andlaunchedoneDrumwhichwasacquiredbyYammerInc.sixmonthsafterlaunch.
YCF 11th Annual Conference
Dr Graeme Malcolm, co-founder, M Squared Lasers
GraemeMalcolmstudiedtheinauguralcourseofLaserPhysicsandOptoelectronicsatStrathclydeUniversityforthedegreeofBScwithFirstClassHonoursbetween1985and1989.Hecontinuedhisacademicandpracticalinterestinlasertechnologyfrom1989to1992withpost‐graduatePhDresearchintocompactsolid‐statelasersources.In1992heco‐foundedMicrolaseOpticalSystemsLtdtodevelopcommerciallythetechnologypursuedwithinhisPhDstudies.CoherentInc,thelargestlasercompanyintheworld,acquiredMircolasein1999andbetween2000and2005GraemeledCoherentScotlandandthedevelopmentofanewworld‐classdevelopmentandmanufacturingfacility.
InOctober2005Graemeco‐foundedMSquaredLasersLtdwhichspecialisesinnovellasersolutionsappliedacrossawiderangeofsectorsincludingfrontierscience,defenceandsecurity,oilandgasandfoodanddrink.Hiscurrentresearchinterestsincludediode‐pumpedlasers,narrowlinewidthlasers,ultrafastlasers,opticallypumpedsemiconductors,opticalparametricoscillators,ultravioletlasers,novellaserapplications,hyperspectralimagingandspectroscopytechniquesusingmid‐infraredsources.Graemehasauthoredandco‐authored52papersandconferenceproceedingsandhas12patents.GraemeisavisitingProfessorandEntrepreneurinResidenceattheInstituteofPhotonicsoftheUniver‐sityofStrathclydeandaMemberoftheRoyalSocietyofEdinburghYoungAcademyofScotland.HealsositsontheadvisoryboardoftheFraunhoferCentreforAppliedPhotonics.
Joe Tree, Blipfoto
JoeTreeisthefounderandCEOofBlipfoto,theBaftaAward‐winningsocialnetworkbasedonaverysimpleidea:takingandsharingjustonephotoaday.Inourageofdisposablephotography,Blipfotogivespeopleauniquewaytopreservethemostimportantmomentsinlife.HeadquarteredinEdinburgh,itservesmorethanamillionmonthlyvisitsto350,000visitorsinover175countries.
YOUNG COMPANY PRESENTERS
Dr James Browning MD FRCS FRCOG MBA DrBrowningenjoysworkingattheinterfaceofthemedicaldeviceindustrywithsurgicalpractice,particularlyinthesmallcompanystart‐uparenathroughtoexit.Heisbybackgroundagynaecologistwithaparticularinterestinfemaleincontinenceandpelvicfloorreconstruction.HewasaStaffSpecialistinNationalWomen’sHospital,Auckland,NewZealandandaConsultantSeniorLecturerattheUniversityofBristol,UK.HistransitionintoindustryoccurredwhenhebecameResearchandDevelopmentDirec‐torforEthiconLtd,wherehewentontoruntheGynecareandMitekbusi‐nessesintheUK.DrBrowningfoundedGyneIdeasandMpathyMedicalDevices,bothwomen’shealthimplantabledevicecompanies,inScotlandandestablishedsuccessfulUSsalesbeforetheyweresoldtoColoplastofDenmarkinOctober2010.ThiswassubsequentlyrecognisedastheScot‐
tishBusinessInsiderSmall/MediumEnterpriseDealoftheYear2010.HeischairmanofCalcivis,adirectorofOcutec,andconsultsforColoplast.JamesliveswithhisfamilyinGlasgow,andhispassionsoutsideofbusinessareliveperformingarts,squash,skiing,andsupportingEvertonFCandGlasgowWarriorsRFC.
It may seem obvious, but when you have a good idea, you should safeguard it. So it’s vital you work with people who have the right experience and expertise to protect your intellectual property – and help you fully exploit its potential.
At Marks & Clerk, we take time to understand your business – whatever your size, sector and location – and tailor our services to create the most effective intellectual property strategy for you. From the smallest inventive step to the biggest commercial leap, we’re here to ensure you get maximum value and benefit from your intellectual property.
With 8 offices in the UK, including 3 in Scotland, and an impressive international network, we’re the obvious choice to meet your IP needs locally and globally.
To find out how we can help protect your interests, email scotland@marks-clerk.com or visit our website.
Don’t overlookthe obvious inyour search fornew ideas
Glasgow l Edinburgh l Aberdeenwww.marks-clerk.com
YCF 11th Annual Conference
EXHIBITORS
McClure Naismith LLP
Practicalandstraightforwardlegaladviceandsolutionsforyoungcompaniesandinvestors,includinginrelationtofundraisingandinvestment,shareholderandinvestorrightsandprotectingandcommercialisingintellectualproperty.
Contact: StewartWhyte/ScottKerrTelephone: 01412042700/01312284994Email: swhyte@mcclurenaismith.com,skerr@mcclurenaismith.com
Informatics Ventures
InformaticsVenturesisnurturinganentrepreneurialecosystemwherepositiveattitudes,skillsandnetworksthrive,creatinganenvironmentwhichencouragesthegrowthoftechnologystart‐upsinScotland.Contact:GordonStuart‐07785330883gordon@informatics‐ventures.com
Innovation Centres Scotland
InnovationCentresScotlandLtd(ICS)isaleadingproviderofincubationservicesandsupportforearlystage,growingbusinessesinScotland.OursuccessinthisareahasledustocreatetwoofScotland'sleadingbusinessincubationfacilities,HillingtonParkInnovationCentrenearGlasgowandAlbaInnovationCentreinLivingstonnearEdinburgh.
ThecompanyalsooperatesUK‐widesectorfocusedinitiativesonbehalfofScottishEnterpriseandtheTechnologyStrategyBoard,aswellasarangeofconsultancyprojectsforthepublicandprivatesector.Contact:PeterAndrew(01506592100)Anna‐MarieTaylor(01415856308) www.innovationcentre.org‐www.albainnovationcentre.co.uk
BioCity Scotland
AtBioCityScotland,ouroverarchingobjectiveisthecreationofanenvironmentwhichstimulatestherapidcommercialexploitationofleadingedgelifescienceinnovations.Weofferaflexiblechoiceofstateoftheartfacilities,accesstospecialistscientificequipment,awiderangeofbusinesssupportandnetworkingevents;providinglifescienceorganisationswithauniqueenvironmentthatacceleratescompanyprogression.
Formoreinformation,pleasecontactJaneKennedy–j.kennedy@biocity‐scotland.co.uk
Supporting Scotland's technology
innovators and entrepreneurs
Starting and growing innovation-based companies
Scottish Investment Bank
TheScottishInvestmentBank(SIB)isadivisionofScottishEnterprisethatprovidesinvestmentfundstosupportcompanygrowthinScotland.SIBfollowsaco‐investmentandsharedriskmodel,designed
tohelpexistinginvestorsdomoreandtoencouragenewprivateinvestorsintothemarketandtosupportambitiousSMEs.SIBmanagesanumberoffunds,eachofwhichhasbeendesignedtoassistbusinessesandtoboostScotland’seconomicperformance.Forfurtherinformationvisitwww.scottish‐enterprise.com/sib
Stirling Management Centre
Scotland’sleadingConferenceCentreHotelForfurtherdetails,visitwww.smc.stir.ac.uk
Conference Sponsor
Marks&ClerkistheUK’slargestfirmofpatentandtrademarkattorneysandadvisescompaniesontheirintellectualpropertyacrossafullrangeofsectors.
Forfurtherdetails,visitwww.marks‐clerk.com
YOUNG COMPANY SHOWCASE
Thefollowingyoungcompaniesareexhibitingatthisyear’sconference: AvantiCellScience CalnexSolutions Cosneta CrowdMission Holoxica ShareIn talkholiday UWITechnology
EXHIBITORS
YCF 11th Annual Conference
NOTES:
Starting and growing innovation-based companies
ABOUT YOUNG COMPANY FINANCE
Jonathan Harris
Editor
Young Company Finance
0131 315 4443
www.ycfscotland.co.uk
YoungCompanyFinance(YCF)hastrackedandreportedonearlystagecompaniesinScotlandsince1998,anditistheonlypublicationtocoverthismarketexclusively.YCFisissuedmonthly,andaimstoreportallsignificantinvestmentsinyoungcompaniesfromstart‐uptomaturity.InFebruary2011,theactivitiesofYCFinScotlandwerelicensedtoLSVenturesLtd,asubsidiaryofLINCScotland.LSVenturesgivesLINCthevehicletoextenditscommercialactivitiestomeetfutureopportunitiesinthewiderearlystageinvestmentcontext,andthepartnershipbetweenYCFandLINCenablesbothorganisationstodeveloptheirplansforfuturegrowth.
Scotland
YCF GUIDE TO FINANCE FOR YOUNG COMPANIES
Thisyear’sconferenceseesthelaunchofYCF’sGuidetoFinanceforYoungCompanies,whichisparticularlytargetedatyoungcompanieswhichneedexternalinvestment(typicallyequity)toachievetheirobjectives,oftenbutnotexclusivelytechnologycompanies.
WhatmakesthisGuidedifferentfromothersourcesofinformationisitsfocusontheneedsofentrepreneursheadingcompanieswithhighgrowthpotential,givingcomprehensivelistingsofinvestorsandlendersknowntobeinterestedinsupportingcompaniesinScotland,andaseriesofguidancearticlestohelpentrepreneurstothinkaboutthequestionstheyshouldaskthemselvesbeforestartingtoraisefunds.
TheGuideissponsoredbyInnovationCentresScotlandLtdTheonlineversionoftheGuidewillbeatwww.ycfguide.co.uk
Scotland
YCF Scotland is published by LS Ventures Ltd, the trading subsidiary of LINC Scotland
LINC Scotland, Queens House, 19 St Vincent Place, Glasgow G1 2DT
tel: +44 (0)131 315 4443 web: www.ycfscotland.co.uk
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