Session 4

1. Session 4 Business development via Patent, Maturation, Licence, IntellectualProperty, Collaboration Agreement, Confidentiality Agreement, Financing Tools for Innovation Closed innovation models and open innovation, and the intersection of the pathways… …in the context of Valeo Management INTERNATIONAL WINTER SCHOOL Adding value to research, Transfer of Technology and Creation of Spin-Offs Sabin Boily, Ph.D. President and CEO Alexandria, Egypt, 23 november 2010

2. Outline • Closed Innovation/ Open Innovation • Quebec University business arms (Sociétés de valorisation universitaires du Québec (SVU)) • The intersection of pathways • Conclusion Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

3. Outline • Closed Innovation/ Open Innovation • Quebec University business arms (Sociétés de valorisation universitaires du Québec (SVU)) • The intersection of pathways • Conclusion Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

4. Innovation : definition Innovation is distinct from an invention or discovery to the extent that it is part of an application perspective. The Oslo Manual of the Organization for Economic Cooperation and Development (OECD) proposed the following definitions: «Technologicalinnovation of a productimplies the maturation/ commercializationof a product with improved performance to provide consumers with new or improved services. Innovation of a technological process means the development /adoption of new or significantly improved methods of production or distribution. It can induce changes affecting – separately or simultaneously – the materials, the human ressources or the workingmethodologies»[1]. Thesedefinitionscanbeextended to service activities and to the organization and marketing in the recentforms of innovation[2]. Innovation distinguishesitselffromresearch. The latter isdefined in the manual of Frascati. Innovation todayisat the heart of politicaleconomy of all big countries. Translated from http://fr.wikipedia.org/wiki/Innovation Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

5. Closed Innovation Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

6. Innovation : fact “...the world is becoming too fast, too complex and too networked for any company to have all the answers inside.” YochaiBenkler, Yale University Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

7. Open Innovation: definition Open innovation is… « the use of purposiveinflows and outflows of knowledge to accelerateinternal innovation, and expand the markets for external use of innovation, respectively » « a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology » Closed and open innovation and their intersection Henry Chesbrough The Godfather of Open Innovation Alexandria, Egypt, 23 november 2010

8. Open Innovation Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

9. Closed Innovationopen Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

10. Open Innovation: facts In fact... We must no longer base ourselves solely and primarily on our own research to innovate and also not just rely on our own market! Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

11. Outline • Closed Innovation/ Open Innovation • Quebec University business arms (Sociétés de valorisation universitaires du Québec (SVU)) • The intersection of pathways • Conclusion Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

12. Quebec University business arms Business development via Patent, Maturation, Licence, Intellectual Property, Collaboration Agreement, Confidentiality Agreement, Financing Tools for Innovation Alexandria, Egypt, 23 november 2010

13. Quebec University business arms • Our role: • Transform idea into realization • Change innovation into profit Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

14. Quebec University business arms • To do so, we must select discoveries with great potential Closed and open innovation and their intersection Illustration SOVAR Alexandria, Egypt, 23 november 2010

15. Quebec University business arms • Tackle the projects realistically Closed and open innovation and their intersection Illustration SOVAR Alexandria, Egypt, 23 november 2010

16. Quebec University business arms • Aim to demonstrate and increase the value Facilitate the transfer Increase the economic value Closed and open innovation and their intersection Demonstrate the technical and commercial feasibility Business development Illustration SOVAR Alexandria, Egypt, 23 november 2010

17. Quebec University business arms • Hence we participate in the optimization of the process of added-value of the research Fundamental research Demonstration Lab scale Demonstration pilot scale Alpha prototype Beta Prototype, tests Production, commercialization Discovery Closed and open innovation and their intersection Illustration SOVAR Alexandria, Egypt, 23 november 2010

18. Valeo Management L.P (Valeo) Mission : Commercializeresearchresultsfrom the followinguniversities: UQAM, ETS, UQAR, UQTR, UQAT, UQO and Concordia University Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

19. Valeo Management L.P (Valeo) Our procedure Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

20. Valeo Management L.P (Valeo) Our team • Sabin Boily, Ph. D. - PresidentDirector General • Business Development and seeking business opportunities • Physics, energy and chemistry • Duc Le Van, eng., MScA, MBA • Mechanics, enzymes, software, medicaldevices • Alain Richard Ph. D. • Biotechnologies and pharmaceuticals • Priyum Koonjul Ph. D. • Biotechnologies and neutraceuticals • Pierre Lamoureux, MSc • Telecommunications and microelectronics • Lotfi Chouanine, Ph.D. • Micro/nanotechnologies • Natacha Mongeau, MBA • IntellectualProperty and licences • Lise Desrosiers • Finances and administration • Denyse Ste-Marie • Administrative assistant Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

21. Valeo Management L.P (Valeo) The division of ourportfolio Life Sciences and biotechnologies (26,6%) Closed and open innovation and their intersection New technologies of energy and energeticefficacy (5,6%) Engineering (43,5%) Information and Communication Technologies (23%) Alexandria, Egypt, 23 november 2010

22. Valeo Management L.P (Valeo) Someexamples of projets undergoingmaturation • Renewableenergies • Nanoparticles for biologicaldetection • Communication system via satellite (VSAT) • Production of microalgae • Software for findingindustrial designs • Microfluidicsensor • Procedure for epoxynanocomposites Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

23. Valeo Management L.P (Valeo) Our spin-offs • AngioChem(http://www.angiochem.com/fr/index.html ) • Vector for medication to cross the brain-bloodbarrier • ISR (Intelligent Software Radio) (http://www.isr-technologies.com/index.shtml ) • Software Defined Radio • NutrOcéan(http://nutrocean.com/fr.html ) • Production of microalgae • 3D Semantix(http://3dpartfinder.com/Default.aspx ) • Defininggeometricalmodels Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

24. Outline • Closed Innovation/ Open Innovation • Quebec University business arms (Sociétés de valorisation universitaires du Québec (SVU)) • The intersection of pathways • Conclusion Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

25. The intersection of pathways Management of the intellectual property Closed and open innovation and their intersection Réf : Susan E Cullen page 27 Alexandria, Egypt, 23 november 2010

26. The intersection of pathways Management of the intellectual property • Research consortium model • Strategic collaborations • Collaborative agreements with research institutions • Open science Réf : Jean-Nicolas Delage pages 55-58 Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

27. The intersection of pathways Valeo Management L.P. (Valeo) • We actively collaborate with: • The other valorization societies in Quebec: • Missions, consolidation of patents, mixed maturation projets, joint licences... • Consortiums of university research including: • Prompt (www.promptinc.org ) • CRIAQ ( www.criaq.aero ) • CRIBIQ ( www.cribiq.qc.ca ) • Nanoquébec ( www.nanoquebec.ca ) • Collaborations with college centres for technology transfer • Strategic collaborations with all actors • Financial and industrial Closed and open innovation and their intersection Alexandria, Égypte, 23 novembre 2010

28. Outline • Closed Innovation/ Open Innovation • Quebec University business arms (Sociétés de valorisation universitaires du Québec (SVU)) • The intersection of pathways • Conclusion Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

29. Conclusion • For Quebec (SQRI 2010 – 2013) • Adaptation of the policies and programs to support innovation : • Public research • Industrial research and industrial innovation • Business development, transfer and intermediation • Sense of a culture of innovation and gouvernance Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010

30. Thank You ! Any questions ? sabin.boily@valeosec.com Closed and open innovation and their intersection Alexandria, Egypt, 23 november 2010