Innovation China UK (ICUK)

1. Helping Develop Economic Relations between China and the UK through Early Stage Technology Commercialization Caroline Quest ICUK Chairman Innovation China UK (ICUK)

2. Introduction • What is ICUK? • How Does it Work? • Why the ICUK Project Will Help Develop EconomicRelations between China and the UK?

3. What is ICUK?

4. 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.

5. ICUK Activities • ICUK Proof of Concept Fundto 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 • ICUKKnowledgeNetwork • Events, seminars, showcase technologies, Knowledge exchange • Web-based communications

6. ICUK UK Partners • Queen Mary, University of London (lead), • King’s College London, • Royal Veterinary College, • University of Nottingham, • University of Southampton

7. 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, HongKong Uni, Dalian Uni. of Tech., Chengdu Uni., Suzhou Uni., China Uni. of Science and Technology and Nankai University ICUK ChinesePartners All Chinese research institutes in universities and research academies are welcome to become ICUK Chinese partners. Currently, partners are:

8. 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. ICUK Potential Project Examples of 50 potential projects identified in ICUK partnership:

9. 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

10. ICUK Joint Deliverables (2) Table: Collaboration Development Fund Outputs

11. How Does ICUKWork?

12. ICUK Project Governance & Management HEFCE/DTI MoST ICUK Board Collaboration Development Fund Panel Investors’ Forum ICUK Executive Director Executive Team China Executive Team UK

13. UK Panel Rank UK Side Rank China Side China Panel Application Declined 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. Industry Supporting & Events UK Fund UK Academic Joint Application Form Yes Project Proceeding Ranking Funding Criteria ? Project Launching No China Fund China Academic Industry Supporting & Events Figure: Proof-of-Concept Fund Call Flow Chart

14. 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》

15. Approved by ICUK UK Panel Confidential Disclosure Agreement Panel terms of reference (both UK and China) ICUK UK Panel ICUK China Panel Approved by ICUK China Panel Agreement for MoST funds IP Ownership & Exploitation within ICUK Agreement for the offer of Proof of Concept Funding Confidential Disclosure Agreement UK Partner UK Partner Proposal ICUK Partner Exploitation Agreement China Partner China Partner

16. 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.

17. Why the ICUKProject Will Help Develop Economics Relations between China and the UK?

18. 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.

19. 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

20. 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 asBioscience, 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

21. “Culturally Competent” • Equal Participation • Translation • Flexibility • Funding processes • Funding Priorities Proof-of-Concept Fund = 概念验证基金

22. Manageable Sized Project-Pilot • 5 UK Partners • 20 Chinese Partners

23. The End Thanks for Listening. 谢谢您的参与！ Caroline Quest ICUK Chairman June, 2007 Innovation China UK (ICUK)