Innovation China UK (ICUK)
Helping Develop Economic Relations between China and the UK through Early Stage Technology
Commercialization
Caroline Quest
ICUK Chairman
Introduction
What is ICUK?
How Does it Work?
Why the ICUK Project Will Help Develop Economic Relations between China and the UK?
What is ICUK?
What is ICUK?
Project Title : Innovation China UK (ICUK)
Innovation China UK (ICUK) will be the first collaborative research, networking and knowledge transfer partnership dedicated to the commercialisation of early stage technologies.
ICUK will support five UK Higher Education Institutes (HEIs) and more than twenty Chinese research institutes in universities and research academies in promoting innovation through collaboration and commercialisation of joint research worldwide.
ICUK Activities
ICUK Proof of Concept Fund to support staff exchange, feasibility studies, Proof-of-Concept research projects. Proof of Concept
Grants available to UK academics from HEIFE/DTI, UK Grants available to Chinese academics from MoST, China
Joint Intellectual Property (IP) development and exploitation agreements
ICUK Knowledge Network Events, seminars, showcase technologies, Knowledge exchange Web-based communications
ICUK UK Partners
Queen Mary, University of London (lead), King’s College London, Royal Veterinary College, University of Nottingham, University of Southampton
ICUK Chinese Partners
CAS, Tsinghua, Beijing Uni., Fudan Uni., Shanghai Jiaotong Uni., BUAA, China Ocean University, Nanjing Uni., NWPU, Xi’an Jiaotong, Tongji Uni., Beijing TCM Uni.,
Shanghai Medical Uni., CASM, Hong Kong Uni, Dalian Uni. of Tech., Chengdu Uni., Suzhou Uni., China Uni. of Science and Technology and Nankai University
All Chinese research institutes in universities and research academies are welcome to become ICUK Chinese partners. Currently, partners are:
ICUK Potential Project
High-performance aerospace composites;
anti-virus/bacterial nano-materials;
wind turbines; fly wheel energy storage; space bio-engineering, nano-propultion and
telecommunication;
therapies and devices for vascular disease;
vaccines for infectious diseases (HIV/Hepatitis/influenza);
hydrogen storage; drug discovery (Traditional Chinese Medicine);
stem-cell therapies; marine biology; age-related diseases etc.
Examples of 50 potential projects identified in ICUK partnership:
ICUK Joint Deliverables (1)
Sustainable academic / industry involvement in both UK and China
Joint projects funded, joint papers published and joint patents filed / enhanced
Leveraged R&D funding from commercial sources (eg VC, business angels) and public sources (eg EU, RC)
Licensing, assignment and option agreements with industry Technology start-ups Published guidance on collaboration, Intellectual Property and
technology transfer practice
ICUK Joint Deliverables (2)
Activities Deliverables
ICUK Collaboration Development Fund Year 1 Year 2
(1) Staff exchange/feasibility study (≤ £ 15k) Applications 32 35
(75% success rate ) Awards 24 26
(2) Proof-of-Concept (on average ≤ £60k) Applications 24 36
(30% success rate) Awards 8 12
(3) Proof-of-Concept Level II (≤ £ 100K) Applications 8 12
(50% success rate) awards 4 6
No. of Academic engaged/exchanged through the development fund
60 80
No. of joint research papers submitted for publication
10 15
No. of UK business engaged in the projects 15 20
UK industry R&D expenditure generated/leveraged
200k 300k
Table: Collaboration Development Fund Outputs
How Does ICUK Work?
ICUK Project Governance & Management
ICUK Board
Collaboration Development Fund Panel
Investors’ Forum
ICUKExecutive Director
Executive Team UK
HEFCE/DTI
Executive Team China
MoST
ICUK Proof-of-Concept Fund Operation
A Joint Application Form is submitted to the bilateral funding panels for assessment. The published funding Criteria will be the benchmark of bilateral assessment. The top rated proposals involving a UK ICUK partner are funded on the UK side by the UK’s HEIF award; the top rated proposals involving a China ICUK partner are funded on the Chinese side by MoST.
Joint Application Form Ranking
UK Panel
RankUK Side
China Panel
RankChina Side
Funding Criteria
?
Yes
No
Application Declined
Project Launching
UK Fund
China Fund
ProjectProceeding
China Academic
UK Academic
Industry Supporting & Events
Figure: Proof-of-Concept Fund Call Flow Chart
Industry Supporting & Events
ICUK Documentation ICUK Proof of Concept Funding Joint Application Form 《 ICUK 概念验证基金项目联合申请表》
ICUK Collaboration Development Fund Guidelines for Preparing an Application for Proof of Concept Project Level I & II
《 ICUK 合作发展基金 : 申请概念验证基金级别一和级别二的说明 》 ICUK Collaboration Development Fund Proof of Concept Funding Criteria 《 ICUK 合作发展基金概念验证基金资助条件》
Terms of Reference of ICUK Collaboration Development Fund in the UK
Innovation China UK (ICUK) Proof of Concept Funding Agreement 《 ICUK 概念验证基金协议》
ICUK Partner Exploitation Agreement 《 ICUK 合作开发协议》
Innovation China UK (ICUK) Proof of Concept Fund Confidential Disclosure Agreement 《 ICUK 概念验证基金保密协议》
IP Ownership & Exploitation within ICUK
ICUK PartnerExploitation Agreement
UK Partner
China Partner
Proposal
Confidential Disclosure Agreement
Panel terms of reference (both UK and China)
ICUK China Panel
ICUK UK Panel
Approved by ICUK UK Panel
Approved by ICUK China
Panel
Agreement for the offer of Proof of Concept Funding
Agreement for MoST funds
Confidential Disclosure Agreement
China Partner
UK Partner
ICUK Communication
Online community portal and journaling tools; Regular events including two annual conferences and at least eight
workshops on priority technology areas to enhance knowledge exchange, technology transfer, commercialisation and new collaboration opportunities;
ICUK will publish ICUK News to keep partner organisations and stakeholders informed of progress with ICUK;
ICUK’s PR and marketing activities will be carried out by experienced communications professionals with extensive experience;
A range of services relevant to collaborators and stakeholders will be promoted through the Knowledge Network.
Why the ICUK Project Will Help Develop Economics Relations between China and the UK?
Why the ICUK Project Will Help Economic Relations between China and the UK?
Value-added and Innovative
“Culturally Competent”
Manageable Sized Project-Pilot
Therefore, mutually beneficial.
Value-added and Innovative (1)
Proof of Concept Fund Idea Purpose of PoC:
Support technologies/business ideas To reduce the risks by investors involved in early development to the
stage. Address the TWO big uncertainties of early stage development:
Manufacturability Marketability.
Evaluation Methods of PoC--must assess both: The probability that the project proposal will be successfully carried
out. The potential to create a business opportunity from the
technology/idea
Value-added and Innovative (2)
Proof of Concept idea in UK The centre of global innovation networks among the world Use research and innovation to meet international development goals Drive UK research and industry application in high-tech area, such as
Bioscience, Nano-materials and Space technology.
Proof of Concept idea in China A brand-new idea introduced to Chinese research area Encourage Chinese research to become commercially-oriented and
competitive Enhance capability of Chinese to collaborate with a world class research
community
“Culturally Competent”
Equal Participation
Translation
Flexibility Funding processes Funding Priorities
Innovation China UK (ICUK)
The EndThanks for Listening.谢谢您的参与!
Caroline QuestICUK Chairman
June, 2007