Commercialisation in the Go8:1% Inspiration, 99% Perspiration

Charlie Day, Melbourne Ventures

On behalf of the Go8 Directors Commercialisation

May 2009

IntroductionsCharlie Day University of Melbourne

Mark Bennett University of NSW

Robert Chalmers University of Adelaide

David Henderson University of Queensland

Rod Hill Monash University

Peter Isdale IMB Com

Victor Pantano Australian National University

Isaac Shariv University of Sydney

Andy Sierakowski University of WA

Intangible assets like IP are increasingly important

It’s important for very real reasons

Zephyr StyleADVISOR Zephyr StyleADVISOR: Ocean Tomo

Manager PerformanceSingle Computation

July 1997 - June 2007

90

150

200

250

280

Ocean Tomo 300 PatentS&P 500

-10%

30%

70%

Jun 1997 Feb 1999 Oct 2000 Jun 2002 Feb 2004 Jun 2007

Cumulative Excess Returnvs. Market Benchmark

Commercialisation activities at Go8 are becoming increasingly

mature• Professional Staffing

• Dedicated funds with institutional support

• Diversity in approach

• Track record of success

Increasing recognition that success is not just about luck, but about consistent and persistent execution

Increasing recognition that success is not just about luck, but about consistent and persistent execution

We face many challenges

• Severe funding squeeze

• Uncertainty about the role of Government

• Uncertainty on the IP landscape

• An evolving commercial landscape

Source: AVCAL

Venture Capital in Australia

What do we mean by “Free”

Go8 Directors Commercialisation are working together on a

number of fronts• Benchmarking of performance

• Informing the public debate on the appropriate role for Universities in a knowledge economy

We see a vital role for our group in helping to deliver the economic dividend from increased research funding

We see a vital role for our group in helping to deliver the economic dividend from increased research funding