Post on 19-Jan-2017
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Fundación Barrié Science Seed Fund. Aiming for higher impact EFC Research Forum Conference 2016
London, 18th October 2016
Strictly Private & Confidential
Ana José Varela - González
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Barrié Foundation: Half a century promoting Science
q Promoting scientific and academic infrastructure, Schools of Engineering and Architecture , Computer Center USC ...
q Funding individual projects, DIANA Program ( pharmacogenetics) , F. Kovacs ( spinal diseases) , ...
q Supporting new researchers, graduate scholarships (15,000 scholarships) .
€ 167M in Education and Science since 1966
q Forming research talent, Grad School, Mentors, Predoctoral mobility grants ...
q Scientific vocations
q Fostering technology transfer, Science Seed Fund , technology transfer training , International Networks
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Foundations contribution to entrepreneurship and employment
2
Education
Intervention
Research •Knowledge generation and recommendations foraction
• Generate entrepreneurship culture in theeducational system
• Direct investment in projects • Accelerators • Risk Capital • Investment funds
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Need to work around the Valley of Death
Basic & applied research
Patenting process, Commercial applications
PCT extensionProof of conceptPrototype
Business developmentBusiness plan Commercial contracts
Licence or“Spin-off”
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What we were looking for?q Promote research excellence in the Galician University System (University of A Coruña, Santiago
and Vigo), hospital foundations, the Higher Council for Scientific Research (CSIC), and other research entities within the Galician territory.
q Promote the transfer of scientific results to society as a basis for social and economic development of Galicia.
q to validate the results of research to obtain economic returns
q Promote the formation of excellent scientists and the development of their career in Galicia.
q Support cultural change in science, introducing the concept of applicable results and transformers of society.
q Support technology-transfer structures in Galician institutions,
q training of experts in the valuation and commercialization of technologies.
q Promote a knowledge-based economy to ensure a more balanced, diversified and sustainable development.
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An investor who brings more than money
5
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What activities do we support?
q Study of patentability and freedom of operationSolicitudes internacionales de patenteqInternational Patent Applications qBusiness model definitionqProof of concept q PrototypesqBusiness developmentqPartners search
Reduce technological risk perceived by potential customers of technology
Activities required to bring research results
to the market that are not
strictly research
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LessonslearnedqCommitted people on both sidesq Implication of the research team, key decision factor
qStrategic projects for the group
qMinimize negotiation the distribution of returns to concentrate efforts on commercialization
q IP value and rights
qAs early as possible and as narrow as possible
qNeed to welcome external partners
qProven experience
qEach project is different: ad hoc management needs
qContinuous monitoring and measuring: milestonesqOnly one rep to negotiate technology transfer agreements
qMedium/long term view
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First degree impact q4 proof of conceptsq3 new international patentsq+300 business contacts q+30 NDAsq5 MTAq3 licence agreementsq2 spin-offsq16 new jobsqNew raised capital USA
qMethodology
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Second degree impact
§ Methodology § Know-how§ Experience§ Contact networks
§ Model Integration in the Galician R + D + i§ Higher impact
Working together
2011-2015 2016-2018
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Ignicia