Valorisation @ TU/e
Three Core Tasks TU/e
Research
Education
/ Innovation Lab
Valorization
1
TU/e Innovation Lab
TU/e Innovation Lab
Research Support Business Development Business Incubation Special Projects / Innovation Lab
2
The Research Engine University
Fundamental Research
Basic Research
Applied Research
Product Development
Research and Development
Industry / Innovation Lab
3
What is Valorisation ?
TU/e Knowledge, and Technology
Creating Value
Collaborative Research Patenting & Licensing Creating Spin-offs
/ Innovation Lab
4
Business Development Process
Scouting and Screening
/ Innovation Lab
Business Development
License or Spin-off
(and publication)
5
Scouting and Screening Research Results
Invention Disclosure Form
Quick Scan
Go, No Go
Business Case
Do we have Freedom to Operate? Can and do we want to patent? What is the potential market? What problem does it solve? Who has been involved? What is the stage of development?
/ Innovation Lab
6
Business Development Business Case
Business Development
Identify/contact potential partners File patent application Attract Proof of Concept Funding Test market hypothesis Expert panels Finetune business case
/ Innovation Lab
7
Outcome
License
Spin-Off
/ Innovation Lab
8
Licensing
Licensing Agreement
Contract negotiation Financial return to TU/e Research collaboration
/ Innovation Lab
9
TU/e spin-offs
TU/e spin-off
Team / Shareholders Licensing contract Cooperation agreement
TU/e spin-off a start-up company based on unique TU/e knowledge whether or not patented
/ Innovation Lab
10
Revenue model TU/e spin-offs
3-way earnings model
Cooperation agreement (rent, staff) Joint development License / Dividend & Exit (if stock based)
/ Innovation Lab
11
Characteristics TU/e spin-off Characteristics TU/e spin-off (or high-tech start-up)
Unique “disruptive� technology Very early in business life cycle High risk Need of excellent management team Need of a lot of external capital
Huge potential Possible fast grower Interesting return possibilities / Innovation Lab
12
Some Figures • • • • • • •
Active leads (business cases) : 35 Spin-offs (1990 – 2012) : 120 TU/e patents (maintained) : 88 TU/e provisionals : 23 500 Patents filed by others (app.) : Licenses : 65 PoC grants for spin-offs (2004 – 2013) : € 10 mln.
/ Innovation Lab
13
Contact and information
TU/e Innovation Lab Multimediapaviljoen Horsten 1 5612 AX Eindhoven The Netherlands T: +31 402474822 F: +31 402466712 E: innovationlab@tue.nl I: www.tue.nl/en/innovation
/ Innovation Lab
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