Global University Venturing Summit

Open innovation, Corporations and Universities – are we speaking the same language ?

Everybody speaks about innovation…

Source: www.businessdictionary.com

…the process of translating an idea or invention into a good or service that creates value for which customers will pay.

Innovations are divided into two broad categories:

•Evolutionary innovations that are brought about by many incremental advances in technology or processes

•Revolutionary innovations also called discontinuous innovations which are often disruptive and new

European utility business model under continuous threat

-65%

ESTX – European utility index

Source: www.comdirect.de/inf/indizes

European energy transformation offers many opportunities

Traditional R&D for evolutionary innovations

Gas/oil Coal-based Electricity grids Residential households

> Reservoir characterisation> Sedimentation and

maturity history> Gas hydrates

> CCS/CCU*> Lignite drying> High temperature materials> Coal quality

Renewable Electricity storage Transport

> Wind offshore> Biogas production> Marine energy

> E-mobility> Comparison H2 vs.electric

drive

Mining

> Automation of large-scale equipment

> Diagnosis conveyor-belt systems

> Groundwater modellingNuclear Gas grids/reservoirs Industry/commerce

> Distributed electricity and heat supplies

> Gas sensors

> Pipeline integrity monitoring

> Smart grids> High Voltage DC> Superconductivity

> Smart metering> Smart home

> Compressed-air storage> Distributed storage via

batteries of electric cars

> Safety> Securing of know-how> Dismantling

ApplicationTransport/storagePower generationUpstream

Overarching technology and systems analysis

* CCS/CCU: Carbon Capture and Storage/Usage;

Kooperationsvertrag

RWE R&D is building first of all on specific projects as a content driven structure

Strategic Partners: Cooperation with a University on multiple topics with multiple faculties

Special Partners:Cooperation with one specific faculty of a university with multiple projects

R&D Projects One off specific topic with a specific faculty of a university

Over 200 projects RWE is working with over 100 different universities and research institutes

Identifying the disruptor is the ultimate target for RWE’s corporate venturing approach

Source:

“The Innovator’s Manifesto”, M.E.Raynor

Sustaining existing business

AutonomousIncumbent

Yes No

Yes No

Succeed Fail

Yes No

New Productivity Frontier Fail

Yes No

Strategic DifferentiatorEnabling Technology

Yes No

Strategic Innovator Disruptor

Business models

Market drive

Capital efficiency & leverage

Entrepreneurial

Return opportunity

Test lab for innovation

Make or buy

Failure acceptance

Engine• Strong deal flow

• Fast & Rigorous

• Accountable

Community• Entrepreneurs• Co-Investors• Top ranked

Portfolio•High growth

•Technology leader

•Disruptive

IVC Team Partner

Customer

RWE‘s openinnovationuniverse

opportunitiesoptions

Strict European focusPortfolio diversifiedacross technology sectors

European, renewable, diversified portfolio

Voith Hydro Ocean CurrentTechnologies GmbH & Co KGVoith Hydro Ocean CurrentTechnologies GmbH & Co KG

Voith Hydro Ocean CurrentTechnologies GmbH & Co KGVoith Hydro Ocean CurrentTechnologies GmbH & Co KG

Enabling Renewable

EnergyEfficiency

Renewable Generation E-Mobility

Smart Grids