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TECHNOLOGY TRANSFER FROM THE RESEACH BASE:INGREDIENTS FOR SUCCESS AND CURRENT DEVELOPMENTSTom Hockaday, Isis Innovation, Oxford, UK
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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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Intermediaries – 4th DimensionInternational Innovation
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Madrid
Barajas
Atocha
Cuatro Torres
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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
Oxford Technology TransferIP, Patents, Licences, Spin-outs, Material Sales, Outcome Questionnaires, Seed Funds, Isis Angels Network, Isis Software Incubator, Oxford University Hospitals NHS Trust
Oxford ExpertiseConsulting, Services
@isisinnovation
A profitable company 100% owned by the University of Oxford
Isis Consulting Business Technology Transfer and Innovation Management
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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 PlayersShareholder, Director, ConsultantIsis - licence, University shareholding, director (OSEM)
Lawyers
Accountants
Shareholder, Director
CEO, Shareholder
Bankers
AdvisersShareholders
I
N
V
E
S
T
M
E
N
T
FounderResearchers
Isis Technology Transfer Manager
Lawyers
Accountants
Manager (1)Manager (2)?
Investor (1)Investor (2) ?
Bankers
Time
TT
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Syzygy
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Intermediaries – 4th DimensionIntermediaries - InternationalIntermediaries - International
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Academic axis£ -> Research
3D – Spin-out
2D – Licence, Consulting
Isis Innovation StaffActing as Multi-dimensional Intermediaries
Investor axis£ -> £££
Commercial axisResearch -> £
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Intermediaries – 4th DimensionIntermediaries - InternationalIntermediaries - International
ELEMENTS
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Layers in the Innovation Ecosystem
Research Base – Researchers, TTO, AdministratorsProfessional advisers – patent attorneys, lawyers, accountants, banks, commercial property managers, pr, head-hunters, consultants, students, journalists
Innovative companies, investors, entrepreneurs,
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
Isis Software Incubator
Oxford Centre for Innovation Oxford Magnet
Begbroke Science Park
Oxford Science Park
Oxford Entrepreneurs
Incubator
Oxford Low Carbon Hub
Oxford Hub
Milton Park
Oxford BioEscalator
Harwell - European Space Agency's Business
Incubation Centre
Science Vale Enterprise Zone
Source: Google Maps
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The Innovation System
Recruitment, head-hunters
Angel Networks
Students
Angel Investors
Investment Funds
Accountants
Bankers
Lawyers
Technology Transfer organisations
University Researchers
Commercial property managers
Journalists
Consultants
Public Relations
Local Government
Hospitals
Government Labs
Research Institutes
Members of Parliament
Incubators
Business networks
Science ParksOther
universities
Industry
Technology companies
Business
Start-ups
‘City deal’
Local Enterprise
Partnership
Phases of Growth
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Phases - Introduction
Phase 1 The old days up to late 1980’s
Phase 2 The heydays mid 1990’s to mid 2000’s
Phase 3 The winds of change early 2010’s
Phase 4 a Economic pressures nowadays
Phase 4 b Impacts of Impact looking ahead
Implications
REFERENCE: LES NOUVELLES, December 2013
http://www.lesi.org/les-nouvelles
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Phase 1
University, Researchers
Research just got funded somehow, anyway, by government?
Occasional interactions with industry, ex-students
Industry
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Phase 2
University, Researchers
Technology Transfer Office
Industry
Increasing interactions with industry, technology companies, 2-way flows.Recognition of value of IP, creation of
TTOs
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Phase 3
University, Researchers
Technology Transfer Office
Industry
TTO’s mature, some thrive, many struggle.Research collaborations with Industry become far more important to researchers [why? weak
economy, pressure from government]
Researchers now view IP differently, as a means to research funding, not only TT deals
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Phase 4
University, Researchers
Technology Transfer Office
Spin-outs
TTO’s need to adopt more flexible models, to satisfy changing ways researchers view the use of IP, and
changing industry models, ‘Open Innovation’
Universities need to modify its expectations of the TTO. Will character of TTO’s change …?
Research Collaborators
Licensees
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Phase 5
University, Researchers
Technology Transfer Office
Industry
Universities respond to pressure for Impact, become far better a explaining benefits from public investment, TT
impact diluted.
University views TTO as smaller part of a bigger picture.
Society
Policy
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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 non-
commercial reasons
• For Industry• - may miss out on commercial positions• - may pick up more technologies for free
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Isis Annual Report 2013
