gearoid mooney - ideagen event in wit
DESCRIPTION
Presentation from Gearoid Mooney at 1st Ideagen event in WIT 15.10.09TRANSCRIPT
Research Landscape & Funding
Gearoid MooneyDirector ICT Commercialisation
Enterprise Ireland
[email protected] 7544955
R & D for Enterprise, Innovation and GrowthState investment in third level research ~ 5Bn by 2013Commercialisation
http://www.forfas.ie/media/asc060618_sti_strategy.pdf
The Basis For Research Funding
EUFP6, FP7
Dept. Enterprise Trade & Employment
EI IDA SFI
Irish Industry (EI Clients, IDA Client & Others)
Research Establishments
Dept. Finance
CASH
VALUE
TA X ES
The Economic Model
Mechanisms by which research is commercialised
Primary Mechanisms
Transfer of skilled people (Employment)
Transfer of Knowledge (Licence)
New companies (Spin-out)
Spinouts Generated per Year
0
5
10
15
20
25
30
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
(e)
Year
No. o
f Spi
nout
s
Table illustrates the increasing rate of spinout company creation. The 2009 figure is estimated with 14 generated to date.
Spinout Values
0
10
20
30
40
50
60
70
80
< 5 Years Old 5 - 10 Years Old 11 - 15 Years Old 16 - 20 Years Old
Company Age
Valu
e €m Exports (2008) (€m)
Turnover (2008) (€m)
This table displays the export and turnover values achieved by spinout companies in 2008 by the year of the companies’ establishment. This graph illustrates the inherent time delays in these high technology firms achieving financial success.
So what makes a difference?More commercial opportunityMore technologyMore expertiseMore experienceMore peopleBetter means to connect them:
at the right time and with the best blend
Two case studies.
Case 1Lacks commercial expertiseRelatively strong technologyTakes two years to license technology & get the company formed.Relatively poor business plan. Still Looking for fundingWorks on this during summer monthsHas issued sub-licenses, which generate zero revenueHas no employees
Case 230 years commercial experienceRelatively weak technologyTakes three months to build a concept, & decide how to move it to market.Has business plan suitable for investment in 6 monthsGets 1.5M investmentEmploys 8 peopleCustomers fly their R&D teams to Ireland to see his product.
Current Enterprise Ireland commercialisation funding
Commercialisation Fund1. Proof of Concept2. Technology Development3. Commercialisation +(for colleges only – commercialisation by wayof licensing or creating spin-out company)
Innovation VouchersInnovation Partnerships
ILRPCompetence Centres
(for Industry only)
Res
earc
h C
omm
unity Industry / Market
Commercial & Technical
Deliverables
Industry lead Research and collaboration
Competence Centres(~€1 million+ per annum over 5 years)
Industry Lead Research projects(~€1.5 million over 2-3 years)
Innovation Partnerships(~€200k over 18 months)
Innovation Vouchers(Once off payment of €5K) Size of
budgetNumber ofInd. Partners
CollaborationComplexityWhat Industry wants
Business Partners Scheme
Why Business Partners?Historical perspectiveNeed to have scalable approach for current & future business needsPast experience
Commercial Expertise & CashJoined up thinking
Primary Objectives.Build new companies providing sustainable economic growth from previous state investment in academic research, with strong commercial leadership.Facilitate access to researchSupport entrepreneurs looking at new opportunities Build interaction with the Business CommunityCulminates in a HPSU Application & Business Plan
http://www.enterprise-ireland.com/StartBusiness/What+is+a+HPSU/BusinessPlan.htm
So where to from here?
We know Commercialisation of research is paramount without it the economic system will cease to functionThere is scope for improvement in exploitationSupport structures are in place
We need All researchers to have commercialisation high of their agendaWork with your TTO offices – they are there to support youInterested entrepreneursCall me or my colleagues in EI if you want help to commercialiseresearch
Thank you !