How to promote entrepreneurship and commercialization of research at an old General University? : How to promote entrepreneurship and commercialization of research at an old General University? Lars Jonsson Head of UU Innovation & UUAB Holding Company Uppsala University Sweden


Old General Universities: Old General Universities Difficult to grasp Even more difficult to manage Long processes to achieve living policies Strong academic culture It is not noble to commercialize Professor's privilege


Uppsala University: Uppsala University 530 years in business… Strong academic traditions Academic research should stand free! Heavily decentralized Strongly divested Theology  Space Technology


Nine faculties, Three disciplinary domains: Arts & Social Sciences Nine faculties, Three disciplinary domains Arts Educational Sciences Languages Law Social Sciences Theology Medicine Pharmacy Science and Technology


Professor's privilegeA Swedish specialty…: Professor's privilege A Swedish specialty… All results are the researchers private equity The University has no rights Only Sweden; (Italy with some restrictions) Can not use University Money for Patent applications Investments in shares Investments in developing projects


Tough odds for patents!: Tough odds for patents! Canadian survey Thomas Asterbot, Univ of Toronto, 2003 1061 out of 1091 failed…. < 7 % reached the market 0,5 % became profitable


Research is an investment: Research is an investment Return of investment: Competitive work force Competitive inventions Knowledge based economy Increased welfare A University Innovation System is mandatory to achieve this !


Commercialize research: Commercialize research We have a mission to make our research useful to society through commercialization and patents. Anders Hallberg, Vice-Chancellor, Uppsala University, 2006


Patents are instruments: Patents are instruments Patents and Knowledge Transfer should not be the goal for a university institution They are tools to establish a relation and enforce the institution!


”The Svedberg Group”- the cradle of modern biotechnology industry!: The Svedberg Nobel Laureate 1926 The Ultracentrifuge Arne Tiselius Nobel Laureate 1949 Electrophoresis and Chromatography Gel filtration, phase partition etc Today: GE Health Biosciences ”The Svedberg Group” - the cradle of modern biotechnology industry!


Uppsala BioInvention to company turn-over : Uppsala Bio Invention to company turn-over 2000 1960 1940 1980 Research inventions Commercialization Turn-over today ~2,600 MUSD / year of which > 1,000 MUSD is based in Uppsala


What have been done - Organizational structure: What have been done - Organizational structure Liasion office Ad hoc Collaboaration And spin-outs


Slide13: Owned by the University Arm length distance – no part of the Authority Legal form = private company The Government decides the object in the Articles of Associations UUAB The Holding Company of Uppsala University


What have been done - Organizational structure: What have been done - Organizational structure Liasion office Ad hoc Collaboaration And spin-outs UIC Business Incubator


What have been done- Processes: What have been done - Processes Recruiting right people Two-cultural Identify champions and relate Researchers External network of entrepreneurs Traditional spin-out strategy Start-ups, out licensing Collaborative research Pro active approach


Three main processes: Three main processes Stimulate entrepreneurship Mainly students Business idea in a known market Commercialization of inventions Research results, new products & markets Creation of business opportunities Collaborative research platforms between disciplines and with companies


Stimulate 1CEF -Centre for Entrepreneurship: Stimulate 1 CEF -Centre for Entrepreneurship University centre to stimulate entrepreneurship The School of Entrepreneurship Last year program for science students Real industrial project + theory & seminaries Project Management for students Seminaries for PhD students and researchers Seminaries for small knowledge based companies


Stimulate 2Drivhuset: Stimulate 2 Drivhuset Student non-profit organization Inspire and stimulate students Support entrepreneurship vs employed Seminaries, lectures and hands on 50 student based companies per year


Stimulate 3Anders Wall's chair: Stimulate 3 Anders Wall's chair Professor chair in entrepreneurship Donation by Anders Wall, famous local entrepreneur Education and research Entrepreneurial Day Entrepreneurs Academy Niklas Zennström, founder of Skype Dollar billionair, Uppsala alumni


Commercialization of research resultsDisclosure process: Top Class International Research Find Foster Forward Secure Verify Develope UIC- Business Incubator Start-Ups Existing Company Free Patent Supervisor ~ 150 discl/year Projects (UUAB) New Company Innoventus Existing Company Fuel Professional Project Management VC $$$ Commercialization of research results Disclosure process


Business IncubatorUIC: Business Incubator UIC We are business developers, not landlords Business coach 1 day / week Not for free, but pay when (if) you can UIC not an owner! Gives 7,9 times return on the tax investment!


Slide22: UUAB the Holding Company > 500 disclosures > 50 start-ups Invested ~ 8 M€ High value creation + 63 MSEK already realized


UUAB Results (june 2007): UUAB Results (june 2007) UUAB Invested 7,8 M€ Realized profit UUAB (exits) 6,7 M€ Value of portfolio ~ 7,7 M€ Running costs 3,3 M€ Net profit ~ 3,3 M€ Consequently investments ~ 128 M€ Generated University Incomes ~ 26 M€ Huge leverage for the University and the Society


A new entityUU Innovation: A new entity UU Innovation One Manager


Society - the winner: Society - the winner Not always profitable for the professor for the university for the Holding Company Very profitable for the society Gives valuable collaborations Increases the competitiveness of the university


Never ever give up: Never ever give up “Success is going from failure to failure without a loss of enthusiasm”- Winston Churchill