KT Scotland Policy and Practice Innovation Initiatives in Response to Economic Downturn in Ireland 22 April 2010 Dr Pat

1. KT Scotland Policy and Practice Innovation Initiatives in Response to Economic Downturn in Ireland 22 April 2010 Dr Pat Frain, Director NovaUCD

2. Building a Knowledge Economy • Rapid economic growth – mainly driven by foreign • investment – Tax, Labour relations, Educated workforce etc • Competition from low cost countries – Investment in University R&D for development of knowledge based economy • HE spend on R&D has quadrupled in 10 years and is now in • line with EU and OECD average

3. Public Investment in University R&D – PRTLI, SFI SFI – CSETs, SRCs EI – Innovation Partnerships, commercialisation grants, incubation facilities, TTSI, competence Centres, Vouchers SSTI - €30 M to strengthen University TTOs TT Project Managers Legal and other operational costs Patenting SFI – Science Foundation Ireland EI – Enterprise Ireland PRTLI – Programme for Research in Third Level Institutions CSETS – Centres for Science Engineering and Technology SRCs – Strategic Research Clusters SSTI – Strategy for Science Technology and Innovation Funding Collaborative Research and Knowledge Transfer

4. NovaUCD • University Industry Programme at UCD 1988 - 2003 • NovaUCD launched in 2003 – purpose built centre - supportive environment - incubation facilities to assist innovators and entrepreneurs • Vision: an international leader in the commercialisation of research and knowledge for the benefit of economy and society • Investment: €11 million by public/private partnership • Comprehensive KT support Programme

5. NovaUCD income for innovation €21.5 M Over $200 M in investment and realisations in UCD companies 800 jobs created by CCDP promoters 28 companies currently located in NovaUCD have 70 employees - 34 new jobs in 2010 Since 2003 50 companies located in NovaUCD Units (33% spin-out) 50 projects availed of desk space 70 projects completed CCDP NovaUCD Innovation Income Contribution to Economy

6. Inventions/Patents 2005-2009

7. Comparisons with US/UK Metrics

8. R&D Funding – SFI and EI limited budget cuts - EI focus on industry led activities, Innovation Partnerships, competence Centres, Vouchers TTSI Funding - Development of TT profession – uncertainty due to short-term contracts Other TT Funding Patent funding reduced to 75% No Commercialisation Grants (Proof of concept, Technology Dev.) Shortage of seed funding for start-ups – current VC funding is focused on development funding No commitment to fund Wet Lab Space Economic Downturn

9. National Initiatives Innovation Task Force – March 2009 Review of Supports for Exploitation of IP from HE Research (To be published in May) University Initiatives University Alliances Training Innovation Initiatives in Response to Economic Downturn

10. “Building the innovative or “ideas” component of the economy through the utilisation of human capital – the knowledge, skills and creativity of people – and the ability and effectiveness of that human capital to translate ideas into valuable processes, products and services” Ecosystem to increase job creation and start-ups: Entrepreneurs and enterprises Investment in R&D Education system, particularly HE Finance, in particular risk capital The tax and regulatory environment Public policy and institutions Innovation Task Force March 2009

11. Update SSTI 2014-2020 to R&D spend of 3% of GDP More effective and efficient approach to identifying and accessing IP from publicly funded research Increase support for start-ups and scaling Develop high quality physical infrastructure Develop role of education in innovation Innovation Task Force – Key KT Recommendations

12. Objective Determine to what extent the current national IP arrangements for publicly-funded research are suitable and effective. Some issues addressed include: Strengthening of National Policy and Guidelines Appropriateness of existing TT support measures including decentralisation, power of TTO to close deals, clarification of agency approaches, etc TTO commercialisation strategies, targets/metrics etc Review of Supports for Exploitation of IP from HE Research – May 2010

13. Alliances under development UCD/TCD, UL/NUIG, DCU/RCSI/NUIM Training – wide range of courses for unemployed for individuals and companies (Entrepreneurship, ICT, etc) Alliances and Training

14. Vision / Mission Partnerships between UCD-TCD, government agencies, the business sector and the national/international venture capital community to form a world class innovation and enterprise ecosystem. Facilitate the creation of sustainable jobs in next 10 years by: Training future innovators & entrepreneurs Creating new spin-out companies Development of new Irish and international spin-in companies Supporting the recruiting new FDI while sustaining existing MNCs Supporting indigenous Irish knowledge and technology based SMEs and large enterprises UCD-TCD Innovation Alliance

15. Innovation Academy / Modules / Projects Innovation Laboratory / Space / Tools / Environment NovaUCD and Joint Venture IP management / TT / Seed funding Alliance Programmes

16. Decreasing resources Pressure to demonstrate return on investment in R&D – managing expectations - impact on economy Negotiating IP agreements for collaborative research – Increasing effectiveness of strategic partnerships - partnerships vs. start-ups Achieving consistency in government strategies (Conflicting objectives, State Aid, rates, charitable status) Aligning KT strategies of Senior management and TTO Challenges for TTO

17. Thank YouDr Pat Frain, e: pat.frain@ucd.ie t: 00-353-1- 716 3710w: www.ucd.ie/nova