University Industry Programme University Industry Programme
UNICA UNICA Meeting of International Meeting of International
Relations OfficersRelations Officers10 May, 200110 May, 2001
Dr Pat Frain, DirectorDr Pat Frain, Director
University Industry Programme University Industry Programme
University Industry Programme University Industry Programme
University Industry Programme Aims
Encourage UCD - Industry Co-operation Facilitate Commercialisation of UCD Research
Activities Patenting / Licensing Enterprise Development Continuing Professional Education / Advanced Training Liaison / Marketing of Research
University Industry Programme University Industry Programme
Enterprise - Context New high-tech ventures are key to sustaining
economic growth and development. These new ventures are spin-offs from existing
companies and from university-based research programmes.
The most innovative ventures are those originating in university research
Innovation Centres are key in generating spin-offs by:
Capturing and exploiting commercial opportunities from university research programmes
Providing a location and supportive environment for the entrepreneurs.
University Industry Programme University Industry Programme
Context (UCD)
Growth in research at UCD.
External research income is over £16m of which 18% is earned directly from industry.
Major developments in ICT and Life Sciences.
Increasing emphasis on technology transfer and innovation
University Industry Programme University Industry Programme
STAGE TIMING PRODUCT SUPPORT
Promotion Pre Start Proof ofPrincipleBus. Plan
UCD Policy,Promotion, EnterpriseSeminars, Workshops,Student Projects
Embryo 0-1 yr Prototype DevBus. Partners
CCDP, CIC,Networking, Events
Nurture 1-2 yrs First Product CCDP for FunctionMgt., CIC, Events
Fledgling 2-3 yrs Product RangeMgt. Change
ADAPT, Events
Maturing 3yrs + ChangeMgt. Team
PLATOSc. Park
Enterprise Support
University Industry Programme University Industry Programme
Results to date
> 60 campus companies In recent years, two out of three start-up companies
were in IT and Multimedia Companies from the existing innovation centre have
almost 85% survival rate 10 new start-up participants in Campus Company
Development Programme 2001 Venture capital of over $60 million in 3 years. Next
wave includes FAME, BioObservation Systems
University Industry Programme University Industry Programme
UCD Campus Companies
Examples:
WBT Systems: (Investment $30m)
Spin-off from Computer Science Department Award-winning product line - TopClass. Largest customer base in B2B eLearning - over 600 sites, 3 million users.
Nanomat: (Investment $4m)
Spin-off from UCD Chemistry Department. Developing electrochromic and targeted nanoparticle technologies for the communications and health and life sciences sectors.
University Industry Programme University Industry Programme
• Massana: (Investment $25m)Spin-off from Electronic Engineering - DSP Lab. Exploiting its proprietary silicon and DSP technology for broadband communications and high-speed networking
AV Edge: (Investment $1.5m .. Seeking $10m)
Spin-off from UCD Audio-Visual Centre. Multimedia resources and products for education & training.
Changing Worlds: (Investment $4m)
Spin-off from UCD Computer Science Department. Personalisation technology.
UCD Campus Companies (continued)
University Industry Programme University Industry Programme
NOVA Mutual support of community of entrepreneurs
Total area 40,000 sq ft Incubation space – over 40 units ( 21,500 sq. ft.)
Maximum stay 2 years 9 months Innovative support programmes:
University Industry Programme (UIP) New Venture Laboratory Hatchery Professional Services Desk space International network
University Industry Programme University Industry Programme
Tenant Profile
Knowledge-intensive companies at early development stage
Clustering around: Information Technology Communications Multimedia Biotech, Life Sciences
Over 10 spin-off companies each year
At least one multi-million pound company every three years
University Industry Programme University Industry Programme
Management of NOVA
Managed by sub-Board of Board of University Industry Programme
Scientific Advisory Board to advise on Centre’s policy on science and technology
University Industry Programme University Industry Programme
Financial Structure of NOVA £10m project - mainly funded by private investors - to be launched on
debt-free basis
UCD/UIP (site + cash contribution) Enterprise Ireland Grant £1.0 million Investments:
AIB £1.0 million Arthur Cox £1.0 million Deloitte and Touche £1.0 million Goodbody Stockbrokers £1.0 million Xilinx £1.0 million Ericsson £1.0 million
Nova will be launched on a debt-free basis
University Industry Programme University Industry Programme
Relationship with Investors
Equity participation in campus companies locating at NOVA for 20 years - Percentage of equity to be managed by a Special Purpose Vehicle by or on behalf of the investors
Strategic partnership