Isabell Majewsky Tempus Visit to Moscow State University 2003

1
Isabell MajewskyTempus Visit to Moscow
State University 2003
2
Overview

• The UK experience
• Key ingredients
• Enterprise culture
• Support infrastructure

3
Research at the University

• Ranked 5th in the UK for research quality
• Over 500 research staff in Biology, Medicine,
  Engineering, Chemistry Physics
• Over 45 million spent p.a. at the University
• Strong applied research, especially in the
  Warwick Manufacturing Group

4
The Flow of Innovations

• UK Universities generate about 1 potentially
  exploitable innovation per 1 million of research
  spend
• Warwick should generate about 45 a year
• In 2002, we identified 46, up 30 from the year
  before

5
The Fate of Innovations

• This varies enormously depending on the support
  structure
• Best practice is that about half can generate a
  positive result
• But in many universities, 10 or less are ever
  exploited

6
National Success

• UK universities spun off 199 new companies last
  year
• 9 of the the Deloitte Fast 50 were university
  spin-offs
• A number of quoted companies started as
  university spin-offs (Filtronic, Turbo Genset,
  Powderjuct, Oxford Glycosystems, Peptide
  Therapeutics, Autonomy, etc)

7
Achievements in the last 2 years

• 126 innovations identified so far
• 96 have been exploited or are still in the
  process
• 18 current patents and 40 in process
• 16 Spin-off companies trading, and 4 more formed
  but not yet trading
• 12 Business Plans for potential companies

8
Key Ingredients

• Creating an enterprise culture

9

• Education in Enterprise
• The Mercia Institute promotes enterprise and runs
  enterprise courses in the eight universities of
  the West Midlands

10
Aims

• To change attitudes amongst scientists, engineers
  and technologists
• To offer all students the opportunity to learn
  about Enterprise and set up their own business

11
Enterprise Fest

• A 2-day conference and seminar programme takes
  place every year
• To raise awareness of the opportunities and
  funding available to set up, or spin out
  businesses

12
Creating an Enterprise Culture medici The
Medici Project, involving 5 Midlands universities
with Medical Schools will appoint 20 Enterprise
Fellows to spread the enterprise message, and
find commercially exploitable research
13

• Assisting in Businesses Start-up
• The Enterprise Fellowship Scheme will help 134
  staff, students or alumni start a business.
  Loans, accommodation, mentoring and training are
  provided.

14
Aims objectives

• Based on a formula that works!
• Create high-growth businesses
• Transfer technology from University to local
  economy

15
Whats offered

• Up to 10,000 interest-free loan
• repayable after 2nd year, over 5 years
• Front-office accommodation on Science Park
• fully equipped
• access to Universitys IT suite
• Training development programme
• tailored and specific to requirement

16
Whats offered

• Mentoring
• business mentoring - specialist commercial
  expertise networking benefits
• academic mentoring - support RD
• Placement
• EFS extra-net
• resource facility and communication tool
• Honorary Enterprise Fellows status
• access University facilities

17
Key ingredients

• The right support infrastructure

18

• Exploiting University Research
• The Spinner project will increase the number of
  spin-off companies based on research in the eight
  West Midlands Universities from 10 p.a up to 30
  p.a.

19
Creating Support Networks Connect Midlands is
creating a support network for early-stage
technology companies in the region, assisting
them particularly in raising investment funds
20
Lessons to take away

• The main limiting factors are
• The amount of research in the university
• Clear and sympathetic university policies, with
  clear IP ownership, delegation of decision making
  and good control of risk
• Staff with a business, not an academic background
• A source of seed corn funding
• The right support infrastructure