University Industry Programme University Industry Programme UNICA Meeting of International Relations Officers 10 May, 2001 Dr Pat Frain, Director University

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 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


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.


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


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


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


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.


• 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)


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


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


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


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


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

Documents

University Industry Programme University Industry Programme UNICA Meeting of International Relations Officers 10 May, 2001 Dr Pat Frain, Director University