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How to promote entrepreneurship and commercialization of research at an old General University?

How to promote entrepreneurship and commercialization of research at an old General University?. Lars Jonsson Head of UU Innovation & UUAB Holding Company Uppsala University Sweden. Old General Universities. Difficult to grasp Even more difficult to manage

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How to promote entrepreneurship and commercialization of research at an old General University?

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  1. How to promote entrepreneurship and commercialization of research at an old General University? Lars Jonsson Head of UU Innovation & UUAB Holding Company Uppsala University Sweden

  2. Old General Universities • Difficult to grasp • Even more difficult to manage • Long processes to achieve living policies • Strong academic culture • It is not noble to commercialize • Professor's privilege

  3. Uppsala University • 530 years in business… • Strong academic traditions • Academic research should stand free! • Heavily decentralized • Strongly divested • Theology  Space Technology

  4. Nine faculties, Three disciplinary domains • Arts • Educational Sciences • Languages • Law • Social Sciences • Theology • Medicine • Pharmacy • Science and Technology Arts & Social Sciences

  5. Professor's privilegeA Swedish specialty… • All results are the researchers private equity • The University has no rights • Only Sweden; (Italy with some restrictions) • Can not use University Money for • Patent applications • Investments in shares • Investments in developing projects

  6. Tough odds for patents! • Canadian survey • Thomas Asterbot, Univ of Toronto, 2003 • 1061 out of 1091 failed…. • < 7 % reached the market • 0,5 % became profitable

  7. Research is an investment • Return of investment: • Competitive work force • Competitive inventions • Knowledge based economy • Increased welfare • A University Innovation System is mandatory to achieve this !

  8. Commercialize research • We have a mission to make our research useful to society through commercialization and patents. • Anders Hallberg, • Vice-Chancellor, • Uppsala University, 2006

  9. Patents are instruments • Patents and Knowledge Transfer should not be the goal for a university institution • They are tools to establish a relation and enforce the institution!

  10. ”The Svedberg Group”- the cradle of modern biotechnology industry! • The Svedberg • Nobel Laureate 1926 • The Ultracentrifuge • Arne Tiselius • Nobel Laureate 1949 • Electrophoresis and Chromatography • Gel filtration, phase partition etc • Today: • GE Health Biosciences

  11. Biacore67 MUSD Fragmin™ Xalatan™1.300 MUSD Q-Med 78 MUSD Pharmacia Biotech  GE Healthcare 600 MUSD * Biotage AMO Uppsala 114 MUSD Olink Phadia 204 MUSD Electrophoresis Function of Hyaluronic acid IgE Padlock Probes Heparin Dextran SPR Biosensors neuropeptides effect on ocular blood flow Microwave syntheses UppsalaBioInvention to company turn-over Commercialization Turn-over today ~2,600 MUSD / year of which > 1,000 MUSD is based in Uppsala 1940 1960 1980 2000 Research inventions

  12. UUAB Holding Company STUNS – Non-profit university & society foundation Technical Bridge Foundations Science Park 1985 1990 1995 2000 2005 What have been done - Organizational structure Ad hoc Collaboaration And spin-outs Liasion office

  13. UUAB The Holding Company of Uppsala University • Owned by the University • Arm length distance – no part of the Authority • Legal form = private company • The Government decides the object in • the Articles of Associations

  14. UUAB Holding Company University Liasion Company STUNS – Non-profit university & society foundation UU Innovation CEF Entrepreneurial Educational Programs Key Actors Program Technical Bridge Foundations ÅMA Material Academy Science Park Patent Office A Wall Chair Innoventus Life Science Venture 1985 1990 1995 2000 2005 SHB Patent Grants Foundation Drivhuset Student Foundation Connect PUB meetings Venture Cup What have been done - Organizational structure UIC Business Incubator Ad hoc Collaboaration And spin-outs Liasion office

  15. What have been done- Processes • Recruiting right people • Two-cultural • Identify champions and relate • Researchers • External network of entrepreneurs • Traditional spin-out strategy • Start-ups, out licensing • Collaborative research • Pro active approach

  16. Three main processes • Stimulate entrepreneurship • Mainly students • Business idea in a known market • Commercialization of inventions • Research results, new products & markets • Creation of business opportunities • Collaborative research platforms • between disciplines and with companies

  17. Stimulate 1CEF -Centre for Entrepreneurship • University centre to stimulate entrepreneurship • The School of Entrepreneurship • Last year program for science students • Real industrial project + theory & seminaries • Project Management for students • Seminaries for PhD students and researchers • Seminaries for small knowledge based companies

  18. Stimulate 2Drivhuset • Student non-profit organization • Inspire and stimulate students • Support entrepreneurship vs employed • Seminaries, lectures and hands on • 50 student based companies per year

  19. Stimulate 3Anders Wall's chair • Professor chair in entrepreneurship • Donation by Anders Wall, famous local entrepreneur • Education and research • Entrepreneurial Day • Entrepreneurs Academy • Niklas Zennström, founder of Skype • Dollar billionair, Uppsala alumni

  20. UUAB $ $ UUAB $ $ UUAB $ $ Commercialization of research resultsDisclosure process Fuel Find Foster Forward Professional Project Management Secure Top Class International Research Verify Develope UIC- Business Incubator Start-Ups Existing Company • Free Patent Supervisor • ~ 150 discl/year Projects (UUAB) New Company Innoventus Existing Company VC $$$

  21. Business IncubatorUIC • We are business developers, not landlords • Business coach 1 day / week • Not for free, but pay when (if) you can • UIC not an owner! • Gives 7,9 times return on the tax investment!

  22. UUABthe Holding Company • > 500 disclosures • > 50 start-ups • Invested ~ 8 M€ • High value creation + 63 MSEK already realized

  23. UUAB Invested 7,8 M€ Realized profit UUAB (exits) 6,7 M€ Value of portfolio ~ 7,7 M€ Running costs 3,3 M€ Net profit ~ 3,3 M€ Consequently investments ~ 128 M€ Generated University Incomes ~ 26 M€ Huge leverage for the University and the Society UUAB Results (june 2007)

  24. Uppsala University Commercialization units Vice-Chancellor (President) UU Innovation UUAB (Holding Company) • Strategy • Partnership • IPR management • Business Law • Entrepreneurship • Innovation Vice President Forskarpatent (Patent Office) Vice President Vice President Faculty & Departments Faculty & Departments Faculty & Departments Faculty & Departments Uppsala Innovation Centre business incubator Faculty & Departments Faculty & Departments Faculty & Departments Faculty & Departments A new entityUU Innovation One Manager

  25. Society - the winner • Not always profitable • for the professor • for the university • for the Holding Company • Very profitable for the society • Gives valuable collaborations • Increases the competitiveness of the university

  26. Never ever give up • “Success is going from failure to failure without a loss of enthusiasm”- • Winston Churchill

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