SINTEF Innovation Concept

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SINTEF Innovation Concept
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• 1. SINTEF Group
• 2. SINTEF Innovation concept
• 3. SINTEF spin-offs. Examples

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• Technology for a better society

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Our partners

• The Norwegian University of Science and
  Technology, NTNU - 20000 full-time students-
  973 scientific employees
• University of Oslo, UiO, Faculty of Mathematics
  and Natural sciences- 4500 full-time students
  - 518 scientific employees
• NTNU and the SINTEF Group Collaboration in R D

NTNU personnel working on SINTEF projects
SINTEF employees teach at NTNU
Joint use of laboratories and instruments
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Projects in the SINTEF Group completed in 2005
Size of projects and proportion of turnover (5640
projects in total)
59
30
27
Proportion of projects Proportion of total
turnover
17
16
14
12
10
8
7
Less than 50 001- 200 001-
500 001- Over 50 000 200 000
500 000 1000 000 1000 000
Project size in NOK
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Educational background of research personnel
employed by the Foundation
66,7 Master of Science
9,5 Cand. polit
11,3 Cand. scient
12,5 Other
Cand. real. (M.Sc.) 3.1 Bachelor of science
2.9 Master of business 1.4 Cand. psychol.
(M.Sc.) 1.0 Other 4.1
39 of the 1264 researchers in the SINTEF Group
have a doctorate. Of this group, 22 are women
and 78 are men. (31.12.2005)
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Investments in knowledge and scientific
equipment, and results as percentage of net
revenue
SINTEF Petroleum Research SINTEF Energy
Research SINTEF Fisheries and Aquaculture MARINTEK
SINTEF ICT SINTEF Materials and Chemistry SINTEF
Health Research SINTEF Technology and
Society SINTEF Holding
Result Scientific equipment Knowledge
-5 0 5 10 15 20
25
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The SINTEF Group revenues
The SINTEF Group turnover in 2005 NOK 1.8 billion
Research Council strategic programmes 3
International contracts 15
Industry 42
Research Council project grants 14
Research Council basic grants 3
Other income 7
Public sector 16
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The SINTEF Group
SINTEFs Council SINTEFs Board
President Executive Vice Presidents
Corporate Staff
Research Divisions
SINTEF Technology and Society
SINTEF Materials and Chemistry
SINTEF Health Research
SINTEF ICT
SINTEFPetroleum and Energy SINTEF Petroleum
Research SINTEF Energy Research
SINTEF Marine MARINTEK SINTEF Fisheries and
Aquaculture
SINTEF Buildingand Infrastructure
SINTEF Holding
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The SINTEF Group
Social perspective SINTEF wishes to contribute to
the creation of value and to a society in
healthy sustainable development. Business
concept SINTEF sells research-based knowledge and
related services to Norwegian and international
clients. Fundamental values Honesty, Generosity,
Courage and Solidarity SINTEF has 1800
employees, of whom about 1400 are based in
Trondheim and 300 in Oslo. SINTEF also has
offices in Bergen, Stavanger, Kristiansund,
ÅlesundRaufoss, Mo i Rana, Hirtshals (Denmark)
and Houston (USA).
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• 1. SINTEF Group
• 2. SINTEF Innovation concept
• 3. SINTEF spin-offs. Examples

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Legal structure
SINTEF Foundation
100
SINTEF Holding AS
100
Sinvent AS
Companies within the SINTEFGROUP
100
100
Sinvent Venture AS55 mill NOK
SINTEF Venture AS 100 mill NOK

• Spin offs post April 9 2002

• Spin offs pre April 9 2002

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SINVENT AS

• SINTEFs Innovation and Commercialization tool
• Focus on investments, innovation and patents
• 5 employees. The management consist of
• Anders Lian , Managing Director
• BBA NHH, Norsk Hydro (7 years Norway, England
  and France), Gjensidige NOR (10 years Group
  financials, life insurance, investor relations
  and private equity)
• Nils Spidsøe , Director
• Master of Science NTNU, 23 years in SINTEF in
  various positions, including Research Director of
  SINTEF Civil and Environmental Engineering
• Jostein S. Bjøndal , Investment Manager
• BBA NHH, MIB NHH, SINTEF (5 years RD and
  management), Leiv Eiriksson Nyfotek (3 years
  innovation and investment processes), Fokus Bank
  (2 years Sales corporate market), Danske
  Securities (1 year Corporate Finance)

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Investment companies

• Sinvent Venture AS
• Established 2002, with 55 mill in assets, 25
  portfolio companies
• 13 exits as per May 2005
• Follow up investments only
• SINTEF Venture AS
• Established 2002
• 100 mill in committed capital
• 5 investments as per December 2005

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• 1. SINTEF Group
• 2. SINTEF Innovation concept
• 3. SINTEF spin-offs. Examples

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Spin-offs some examples
Name Phase Industry
Kongsberg Maritime AS Stable growth World leader in several fields of maritime information technology. Part (60 of turnover) of Kongsberg Gruppen ASA. In 2000 acquired SINTEF spin-off Navia ASA for NOK 840 mill. http//www.kongsberg.com
Dynal Biotech ASA Growth Biotechnology company focusing on magnetic particle technology for isolation of cells, proteins and nucleic acid. License from SINTEF. Turnover 2003 NOK 527 mill. http//www.dynalbiotech.com
Powel ASA Growth Energy software and services provider. Turnover 2001 NOK 147 mill http//www.powel.com
Mison AS Venture Medical technology, surgery equipment. Some test sales. Turnover 2003 NOK 9 mill. http//www.mison.no
Nacre AS Seed Development of a combined hearing protection and communication system. http//www.nacre.no
Revolt Technology AS Seed High quality battery technology. http//www.revolt.no
Biosergen AS Seed Antibiotics against fungus infections http//www.biosergen.no
ResMan AS Seed Service provider offering unique chemical solutions for continuous inflow monitoring in hydrocarbon reservoirs wells . http//www.resman.no
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Kongsberg Maritime AS

• Starting out as a spin-off from SINTEF in 1984,
  Seatex AS expanded through MAs to the maritime
  and aviation positioning and instrumentation
  company Navia ASA.
• The company was listed in 1993 and sold to
  Kongsberg Gruppen ASA in 2000.
• Current product line
• Positioning
• Vessel Reference Systems
• Satellite Reference Systems
• Vessel Tracking Systems
• Instrumentation
• Interactive Fire Alarm Systems
• Condition monitoring sensors

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Dynal Biotech ASA

• Based on the discovery of Professor John Ugelstad
  in 1979 - the making of uniform polystyrene
  spheres of exactly the same size.
• Prof. Ugelstad and his colleagues made these
  spheres magnetisable and, moreover,
  superparamagnetic
• Current product areas
• Immunology
• Molecular biology
• Microbiology
• Tissue typing

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Powel ASA

• Norway second in Europe to deregulate energy
  markets
• Powel spun out in 1998 from strong SINTEF energy
  RD institute
• Its modular software products and services in
  regular use by more than 150 utilities
• Several products, including systems that
• support decision-making within generation
  planning, forecasting, power trading and risk
  management.
• provide documentation, planning, operation and
  maintenance of power supply installations.

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Metaphor AS

• Provides tools for broadcasting of weather
  Software, hardware, meteorological data, maps,
  and symbols.
• Its products are used today by over 100
  television stations and Meteorological Institutes
  worldwide to ingest data and create "ready to
  air" weather shows.
• A new daughter company WeatherOne will provide
  every possible product needed for the broadcast
  of weather. This new venture further proves the
  commitment of Metaphor AS to be the world leader
  in weather broadcasting.

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Mison AS

• The city of Trondheim is an internationally
  recognized centre of excellence for ultrasound
  technology
• MISONs core technology is the combination of
  ultrasound and navigation
• Two products SonoWand and SonoDoppler.
• Main features
• optimize ultrasound image quality for surgical
  applications
• track the position of ultrasound probes and
  surgical instruments
• acquire high precision 3D ultrasound images

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Nacre AS

• Nacre sells products based on its unique digital
  sound technology.
• QuietPro is an adaptive intelligent hearing
  protector and communication terminal. QuietPro
  will be developed in several verisons to fit
  military, aviation and industrial customers.

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ReVolt Technology AS

• SINTEF and Viking Venture have set up a new
  company which will develop and market high
  quality batteries
• The new batteries result from SINTEF research
  within materials, battery and fuel cell
  technology
• Target market no 1
• Batteries for cell phones, portable PCs and
  digital cameras.
• The ReVolt battery is 4-5 times more efficient
  than current leading edge technology
• Other markets
• Transportation
• Power generation industry

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Biosergen AS

• Company established 29. November 2004
• Genetic engineering from SINTEF and NTNU
• International cooperation with Karolinska
  Innovations AB regarding commercialization
• Shareholders
• SINTEF Venture AS
• Karolinska Institutet Holding AB
• Business concept Development and license of
  Nystatin derivates for use in production of
  antibiotics against fungus infections
• Large and growing market 4,3 mrd USD
• today
• Norwegian Company Research and development in
  Trondheim. Swedish CEO and Chairman.

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ResMan AS

• Company established 12. May 2005
• A start-up company based on technology from
  SINTEF and IFE.
• The company established with active support of
  Statoil Innovation AS
• Investors SINTEF, IFE,
• Statoil Innovations management
• ResMan AS will produce chemical intelligent
  materials to monitor flows in oil and gas wells.
  The whole process will take place without the use
  of cables.
• ResMan will be tackling a large global market,
  and current market contacts indicate a high level
  of interest in its product from several
  countries.