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Scotland

Starting and growing

innovation-based

companies

YCF 11th Annual Conference

Stirling Management Centre

Thursday 12 September 2013


Thanks to our sponsors for their support of this year’s conference.

Thanks also to :

KelvinCapitalforprovidingbreakfastforthosewhohavetravelledadistancetoattendtheconferenceandneedsomenourishmentbeforethepresentationsbegin.

McClureNaismithforsponsoringthe2013YoungCompanyShowcase—furtherdetailsintheseparateprogramme.

Starting and growing innovation-based companies

PROGRAMME

08:30 BREAKFAST courtesyofKelvinCapital09:30 MORNING SESSION

Chair

JohnAnderson,CEO,TheEntrepreneurialExchange

Changing patterns of innovation and investment StianWestlake,ExecutiveDirectorofPolicyandResearch,NESTA

Young company presentation

DrGraemeMalcolm,co‐founder,MSquaredLasers

11:00 COFFEE BREAK Investing in innovation

EnricoD’Angelo,ParkwalkAdvisorsYoung company presentation

JoeTree,founder,Blipfoto

12:45 LUNCH

14:00 AFTERNOON SESSION

Launch of YCF Guide to Finance for Young Companies

IP protection on a limited budget RichardGibbs,PartnerGlasgow,EuropeanPatentAttorney,Marks&ClerkLLP Young company presentation

DrJamesBrowning,Mpathy,GyneIdeas,Calcivis,Ocutec

15:00 TEA BREAK Commercialisation strategy for early stage companiesPhilNewman,CEO,PERGALIQ&A

16:30 NETWORKING BUFFET

17:30 CLOSE OF CONFERENCE


John Anderson, , CEO, The Entrepreneurial Exchange

AwellknownspecialistinentrepreneurshipandnewventurecreationinScotland,JohnbringsconsiderableexperienceofemergingandhighgrowthcompaniestohisroleasChiefExecutiveofTheEntrepreneurialExchange.AfoundermemberofTheEntrepreneurialExchange,Johnwasashareholdingdirectorofayoungventurebackedtechnologycompanyengagedinthedesign,manufactureanddistributionoflaboratoryequipmentandco‐foundedacompanythatprovidedpre‐hospitalemergencycareandhealthcareindus‐trytraining.AsaCAinprofessionalpracticeheworkedwithmanyofScot‐land’smostexcitinggrowthcompaniesafterreturningtoScotlandfromChicagoin1989.

Anexperiencednon‐executivechairmananddirectoringrowingbusinesses,currentlywithtwoappoint‐ments(AWSOceanEnergyandPantonMcLeod),JohnisaParEquityAdvisoryPanelmemberandchair‐manofGabrielInvestmentsangelsyndicate.HeisaregularcontributortothemediaonissuesfacingemergingandhighgrowthcompaniesandwasinstrumentalinsettinguptheScottishEnterpriseLocalHeroesproject,basedinpartonhisownMBAthesisLocalHeroes‐Scotland'sEntrepreneurialRoleMod‐els.JohnisalsoaVisitingProfessorattheHunterCentreforEntrepreneurshipattheUniversityofStrath‐clyde,afoundingGlobalScot,andamemberofthePrince’sTrustScotlandCouncil.

Stian Westlake, Executive Director of Policy and Research,

Nesta

StianleadsNesta'sPolicyandResearchteam,whichdevelopsnewinsightsintohowinnovationworksandinfluencespolicyandpracticetomakeithappen.StianjoinedNestain2009.Hisresearchinterestsincludethelinkbetweeninnovation,governmentpolicyandnewtechnologies;high‐growthbusinesses;socialinnovation;andtherelationshipbetweeninnovation,entrepreneurshipandoptimism.BeforejoiningNesta,StianworkedinsocialventurecapitalatTheYoungFoundationandfoundedHealthyIncentives,aninnovative

healthventure.Beforethis,hespentfiveyearsasastrategyconsultantatMcKinsey&CompanyinSiliconValleyandLondon.Heholdsafirst‐classBA(Hons)fromtheUniversityofOxfordandaMastersinFinancewithDistinctionfromLondonBusinessSchool,andpursuedgraduateworkineconomicsandgovernmentatHarvardUniversityasaKennedyMemorialScholar.

SPEAKERS

Enrico D’Angelo, Parlwalk Advisors EnricograduatedfromLondonUniversitywithafirstclassdegreeinElectronicEngineeringwherehewassponsoredbyRacalElectronics,thebirthplaceofVodafone.HewentontojoinPriceWaterhousewherehequalifiedasaCharteredAccountantbeforemovingintoinvestmentbankingwithJPMorganandMerrillLynch.Hisfirstventureintoentrepreneurialstart‐upswasfarremovedfromtechnologyintheformofthebespokediamondjewelleryretailerWint&Kidd,namedafterthebaddiesinJamesBond'sDiamondsareForever.HehasbeeninvolvedinanumberofIPOsovertheyearsandhasraisedmoneyforanumberofprivatecompanies,mostrecently

advisingafinancialservicestechnologycompanyonitspre‐IPOfundingandsubsequenttradesale.MovingtoVentureCapital,hehasbeeninstrumentalinestablishingParkwalkAdvisorsasoneofthefewspecialistVCsintheuniversityspin‐outspaceviaitsseriesofUKTechnologyFunds.


Richard Gibbs, Partner Glasgow, European Patent Attorney,

Marks & Clerk LLP

RichardadvisesclientsinpatentingandotherIPmattersinthefieldofbiotechnologyandhasparticularexpertiseintechnologiesrelatingtoantibodies,vaccines,biologics,virology,bacteriologyandmolecularbiology.HehasworkedwithallofScotland’smajoruniversitiesandisaregularspeakeratIPconferencesandevents.RichardjoinedthepatentprofessionafteraperiodasbotharesearchscientistandauniversitylecturerhavingobtainedanhonoursdegreeinmedicalmicrobiologyandadoctorateinimmunologyandmicrobiologyfromtheUniversityofEdinburgh.Sectors:biotechnology/chemical/medicaldevices/pharmaceuticals

Phil Newman, CEO, PERGALI

Philhasworkedforover25yearsinbusinessdevelopmentandmarketingforinternationalIT&telecoms,healthcare,manufacturingandservicescompanies.Hehasextensiveexperienceofsales,marketingandbusinessdevelopment,inEuropeandintheUS.DuringhiscareerPhilhascontinuallypursuedentrepreneurialopportunitiesandhascreatedcommercialtractionandliquidityforasignificantnumberoffastgrowthcompanies.Hiscreativebackgroundhashelpedhimshapeunconven‐tionalcampaignsandstrategiesforcommercialgrowth,garneringbothawardsandinvestorROI.

MostrecentlyheledthecommercialdevelopmentandmarketingatTouchBionics,thecreatorsofthei‐LIMBHand,andlaunchedoneDrumwhichwasacquiredbyYammerInc.sixmonthsafterlaunch.


Dr Graeme Malcolm, co-founder, M Squared Lasers

GraemeMalcolmstudiedtheinauguralcourseofLaserPhysicsandOptoelectronicsatStrathclydeUniversityforthedegreeofBScwithFirstClassHonoursbetween1985and1989.Hecontinuedhisacademicandpracticalinterestinlasertechnologyfrom1989to1992withpost‐graduatePhDresearchintocompactsolid‐statelasersources.In1992heco‐foundedMicrolaseOpticalSystemsLtdtodevelopcommerciallythetechnologypursuedwithinhisPhDstudies.CoherentInc,thelargestlasercompanyintheworld,acquiredMircolasein1999andbetween2000and2005GraemeledCoherentScotlandandthedevelopmentofanewworld‐classdevelopmentandmanufacturingfacility.

InOctober2005Graemeco‐foundedMSquaredLasersLtdwhichspecialisesinnovellasersolutionsappliedacrossawiderangeofsectorsincludingfrontierscience,defenceandsecurity,oilandgasandfoodanddrink.Hiscurrentresearchinterestsincludediode‐pumpedlasers,narrowlinewidthlasers,ultrafastlasers,opticallypumpedsemiconductors,opticalparametricoscillators,ultravioletlasers,novellaserapplications,hyperspectralimagingandspectroscopytechniquesusingmid‐infraredsources.Graemehasauthoredandco‐authored52papersandconferenceproceedingsandhas12patents.GraemeisavisitingProfessorandEntrepreneurinResidenceattheInstituteofPhotonicsoftheUniver‐sityofStrathclydeandaMemberoftheRoyalSocietyofEdinburghYoungAcademyofScotland.HealsositsontheadvisoryboardoftheFraunhoferCentreforAppliedPhotonics.

Joe Tree, Blipfoto

JoeTreeisthefounderandCEOofBlipfoto,theBaftaAward‐winningsocialnetworkbasedonaverysimpleidea:takingandsharingjustonephotoaday.Inourageofdisposablephotography,Blipfotogivespeopleauniquewaytopreservethemostimportantmomentsinlife.HeadquarteredinEdinburgh,itservesmorethanamillionmonthlyvisitsto350,000visitorsinover175countries.

YOUNG COMPANY PRESENTERS

Dr James Browning MD FRCS FRCOG MBA DrBrowningenjoysworkingattheinterfaceofthemedicaldeviceindustrywithsurgicalpractice,particularlyinthesmallcompanystart‐uparenathroughtoexit.Heisbybackgroundagynaecologistwithaparticularinterestinfemaleincontinenceandpelvicfloorreconstruction.HewasaStaffSpecialistinNationalWomen’sHospital,Auckland,NewZealandandaConsultantSeniorLecturerattheUniversityofBristol,UK.HistransitionintoindustryoccurredwhenhebecameResearchandDevelopmentDirec‐torforEthiconLtd,wherehewentontoruntheGynecareandMitekbusi‐nessesintheUK.DrBrowningfoundedGyneIdeasandMpathyMedicalDevices,bothwomen’shealthimplantabledevicecompanies,inScotlandandestablishedsuccessfulUSsalesbeforetheyweresoldtoColoplastofDenmarkinOctober2010.ThiswassubsequentlyrecognisedastheScot‐

tishBusinessInsiderSmall/MediumEnterpriseDealoftheYear2010.HeischairmanofCalcivis,adirectorofOcutec,andconsultsforColoplast.JamesliveswithhisfamilyinGlasgow,andhispassionsoutsideofbusinessareliveperformingarts,squash,skiing,andsupportingEvertonFCandGlasgowWarriorsRFC.

It may seem obvious, but when you have a good idea, you should safeguard it. So it’s vital you work with people who have the right experience and expertise to protect your intellectual property – and help you fully exploit its potential.

At Marks & Clerk, we take time to understand your business – whatever your size, sector and location – and tailor our services to create the most effective intellectual property strategy for you. From the smallest inventive step to the biggest commercial leap, we’re here to ensure you get maximum value and benefit from your intellectual property.

With 8 offices in the UK, including 3 in Scotland, and an impressive international network, we’re the obvious choice to meet your IP needs locally and globally.

To find out how we can help protect your interests, email [email protected] or visit our website.

Don’t overlookthe obvious inyour search fornew ideas

Glasgow l Edinburgh l Aberdeenwww.marks-clerk.com


EXHIBITORS

McClure Naismith LLP

Practicalandstraightforwardlegaladviceandsolutionsforyoungcompaniesandinvestors,includinginrelationtofundraisingandinvestment,shareholderandinvestorrightsandprotectingandcommercialisingintellectualproperty.

Contact: StewartWhyte/ScottKerrTelephone: 01412042700/01312284994Email: [email protected],[email protected]

Informatics Ventures

InformaticsVenturesisnurturinganentrepreneurialecosystemwherepositiveattitudes,skillsandnetworksthrive,creatinganenvironmentwhichencouragesthegrowthoftechnologystart‐upsinScotland.Contact:GordonStuart‐07785330883gordon@informatics‐ventures.com

Innovation Centres Scotland

InnovationCentresScotlandLtd(ICS)isaleadingproviderofincubationservicesandsupportforearlystage,growingbusinessesinScotland.OursuccessinthisareahasledustocreatetwoofScotland'sleadingbusinessincubationfacilities,HillingtonParkInnovationCentrenearGlasgowandAlbaInnovationCentreinLivingstonnearEdinburgh.

ThecompanyalsooperatesUK‐widesectorfocusedinitiativesonbehalfofScottishEnterpriseandtheTechnologyStrategyBoard,aswellasarangeofconsultancyprojectsforthepublicandprivatesector.Contact:PeterAndrew(01506592100)Anna‐MarieTaylor(01415856308) www.innovationcentre.org‐www.albainnovationcentre.co.uk

BioCity Scotland

AtBioCityScotland,ouroverarchingobjectiveisthecreationofanenvironmentwhichstimulatestherapidcommercialexploitationofleadingedgelifescienceinnovations.Weofferaflexiblechoiceofstateoftheartfacilities,accesstospecialistscientificequipment,awiderangeofbusinesssupportandnetworkingevents;providinglifescienceorganisationswithauniqueenvironmentthatacceleratescompanyprogression.

Formoreinformation,pleasecontactJaneKennedy–j.kennedy@biocity‐scotland.co.uk

Supporting Scotland's technology

innovators and entrepreneurs


Scottish Investment Bank

TheScottishInvestmentBank(SIB)isadivisionofScottishEnterprisethatprovidesinvestmentfundstosupportcompanygrowthinScotland.SIBfollowsaco‐investmentandsharedriskmodel,designed

tohelpexistinginvestorsdomoreandtoencouragenewprivateinvestorsintothemarketandtosupportambitiousSMEs.SIBmanagesanumberoffunds,eachofwhichhasbeendesignedtoassistbusinessesandtoboostScotland’seconomicperformance.Forfurtherinformationvisitwww.scottish‐enterprise.com/sib

Stirling Management Centre

Scotland’sleadingConferenceCentreHotelForfurtherdetails,visitwww.smc.stir.ac.uk

Conference Sponsor

Marks&ClerkistheUK’slargestfirmofpatentandtrademarkattorneysandadvisescompaniesontheirintellectualpropertyacrossafullrangeofsectors.

Forfurtherdetails,visitwww.marks‐clerk.com

YOUNG COMPANY SHOWCASE

Thefollowingyoungcompaniesareexhibitingatthisyear’sconference: AvantiCellScience CalnexSolutions Cosneta CrowdMission Holoxica ShareIn talkholiday UWITechnology

EXHIBITORS


NOTES:


ABOUT YOUNG COMPANY FINANCE

Jonathan Harris

Editor

Young Company Finance

0131 315 4443

www.ycfscotland.co.uk

YoungCompanyFinance(YCF)hastrackedandreportedonearlystagecompaniesinScotlandsince1998,anditistheonlypublicationtocoverthismarketexclusively.YCFisissuedmonthly,andaimstoreportallsignificantinvestmentsinyoungcompaniesfromstart‐uptomaturity.InFebruary2011,theactivitiesofYCFinScotlandwerelicensedtoLSVenturesLtd,asubsidiaryofLINCScotland.LSVenturesgivesLINCthevehicletoextenditscommercialactivitiestomeetfutureopportunitiesinthewiderearlystageinvestmentcontext,andthepartnershipbetweenYCFandLINCenablesbothorganisationstodeveloptheirplansforfuturegrowth.

Scotland

YCF GUIDE TO FINANCE FOR YOUNG COMPANIES

Thisyear’sconferenceseesthelaunchofYCF’sGuidetoFinanceforYoungCompanies,whichisparticularlytargetedatyoungcompanieswhichneedexternalinvestment(typicallyequity)toachievetheirobjectives,oftenbutnotexclusivelytechnologycompanies.

WhatmakesthisGuidedifferentfromothersourcesofinformationisitsfocusontheneedsofentrepreneursheadingcompanieswithhighgrowthpotential,givingcomprehensivelistingsofinvestorsandlendersknowntobeinterestedinsupportingcompaniesinScotland,andaseriesofguidancearticlestohelpentrepreneurstothinkaboutthequestionstheyshouldaskthemselvesbeforestartingtoraisefunds.

TheGuideissponsoredbyInnovationCentresScotlandLtdTheonlineversionoftheGuidewillbeatwww.ycfguide.co.uk

Scotland

YCF Scotland is published by LS Ventures Ltd, the trading subsidiary of LINC Scotland

LINC Scotland, Queens House, 19 St Vincent Place, Glasgow G1 2DT

tel: +44 (0)131 315 4443 web: www.ycfscotland.co.uk

starting and growing innovation-based companies

Documents