Technology Transfer from the University of Oxford

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Technology Transfer from the University of Oxford
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Isis Innovation

• A company owned by the University of Oxford
• To help those researchers who wish to
  commercialise the results of their research

• Activities
• Patenting
• Licensing of intellectual property
• Formation of new companies
• Research Material Sales
• Managing Seed Funds Isis Angels Network
• Consulting and service contracts Oxford
  University Consulting
• Technology Transfer consulting Isis Enterprise
• Oxford Innovation Society

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Research at Oxford the supply side

• 4,200 researchers
• 6,700 doctoral students
• Most Powerful UK Research University
• Research Fortnight
• Most Innovative UK University
• Cross Atlantic Capital Competition
• Highest Research Spend in UK
• 303 million (2005/2006)

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Research Funding 2005-2006 the supply side303
million 1993 83m
UK Charity 75m
UK Govt/NHS 18m
Research Councils 71m
European Commission 10m
Total 213m HEFCE 90m
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Isis Innovation 2000 2007 the funding model
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Isis Innovation Staff
Consulting (7)
Head of Group Steve Lee Project Managers Dr
Caroline Jenkins Andrew Goff Gurinder Punn Gill
Rowe Dr Elen Wade-Martins Administrator Kerry
Antcliffe
Isis Enterprise (4) Dr Mark Mawhinney Dr Sarah
Macnaughton Dr Roger Welch Dr Suzy Wood
Staff 38 PhDs 21 MBAs 9
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Profit and Loss Account (yr to March 2007)

• Turnover 3,557,948
• Income from projects, patent costs repaid by
  licensees, consulting and OIS activity
• Cost of Sales 3,151,590
• distributions to University, patent spend, other
  direct costs
• Administrative Costs 1,939,894
• Other Operating Income 1,495,481
• Operating profit (loss) (38,055)

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Managing the process Intellectual Property
Policy (October 2000)

• University claims ownership of all employees and
  students IP rights resulting from University
  research activities
• The university assists those researchers who wish
  to commercialise their research
• by patenting, licences, spinout companies
  consultancy
• Researchers share the benefits
• Royalty shares from licences
• Equity in spinout companies
• Income from personal consultancy

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Transfer of Intellectual Property
Assignment of intellectual property rights
Inside the University
Outside the University
Research funding source
Spin-outs
Government
Research Services 50 Staff 85 Graduates 33 Post
grad degrees IP Due Diligence Team
Isis Innovation 38 staff 75 Graduates 50
Science doctorates
Consulting
Charities
Licences
Industry
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Technology Licensing

• Options or licences signed on 300 projects
• Some will generate over 1m in royalties
• Benefits to licensee, researcher University

Royalties

• Patent budget 1.2m per annum royalties
• Isis pays patent costs recovers these from
  royalties

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Oxford University Consulting

• The consulting arm of Oxford University
• A division of Isis Innovation
• Helps Oxford researchers market their expertise
• Draws on the spectacular depth and breadth of
  Oxfords world-class multidisciplinary research
  base
• Provides expert insight and advice to
  organisations in the public and private sectors
• Global client base

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Oxford Spin-outs (pre 2000)
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Oxford Spin-outs (post 2000)
Total external investment to date in spin-outs
Post 1997 314m 34m Seed/Business Angels
280m Venture/Institution Capital
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Spin-out Strategy
New Managing Director
Research Group Head
technology interchange
moves
Research Director
Senior Scientist
University
New Company
Support
Finance Admin
Scientists
Sales Marketing
Production
Scientists
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Equity Split Sharing

• The total equity must not exceed 100!
• Equity shared between
• Academic(s) - Not only names on the patent
• University
• Investors
• Managers
• Academic and University get similar amounts
• Investors get what they negotiate for
• Manager(s) share 5-15 depending
• Note Everyone on the list has an effective veto

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Spin-outs The Players
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Investment Sources

• Oxford University Challenge Seed Fund 4m
• Launched in 1999 University 1m Treasury,
  Wellcome, Gatsby 3m
• Development projects, spin-out seed equity in a
  total of 78 projects
• 4m investment has resulted in Equity stakes in
  21 spin-outs, 7 completed licensing deals 33
  active technology projects
• These 21 spin-outs have attracted 40m
  seed/venture investment
• Isis Angels Network
• Business Angels
• Seed / Venture Capital
• Private Equity
• 100 Members
• Events
• No Charges

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Isis Enterprise

• Isis Enterprise offers consulting expertise and
  advice in technology transfer, based upon the
  success of Isis Innovation as Oxford Universitys
  technology transfer company.
• We offer
• Support to Technology Transfer Offices
• Technology Transfer Review
• Project Specific Advice
• Hosting Staff and Presenting Workshops
• In Oxford or on-site
• www.isis-enterprise.com

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Oxford Innovation Society

• Established in 1990 to foster University/business
  links
• Since 1990 over 90 companies have joined
• Companies pay an annual fee of 6,800 for
  membership

Membership Benefits

• Ready access to the academics and University
• Advance notification of all marketed patent
  applications
• Invitations to thrice-yearly meetings and dinners
• Customised research presentations and seminars
• Regular newsletters and portfolios

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OIS Meeting Dinner

• Tea coffee reception
• Academic presentation
• Sponsor presentation
• Champagne reception
• Dinner in College
• After dinner drinks

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Culture Change
University entrepreneur culture
University technology transfer resource

• All three must proceed together but the
  University must lead the change because..
• The ideas are in the University
• If University provides TT resource,change will
  happen faster
• Oxford pre-Isis 1 spin-out every 4 years, post
  Isis 6 per year
• If the University doesnt lead, the University
  may not receive its share of the benefits

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Contacts
Isis Innovation Ltd Ewert House Ewert
Place Summertown Oxford OX2 7SG T 01865
280830 F 01865 280831 E innovation_at_isis.ox.ac.
uk www.isis-innovation.com Register to
receive Isis E-News at www.isis-innovation.com/n
ews/enews
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www.isis-innovation.com
Sep 07