2016.10.14 fb science seed fund na

www.fundacionbarrie.org

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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

DIRECCIÓN GENERAL DE INVERSIONES

www.fundacionbarrie.or g


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




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”




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.




An investor who brings more than money

5




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




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




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




Ignicia




I cannot alone changethe world, but I can cast

a stone accross thewaters to create many

ripples.

2016.10.14 fb science seed fund na

Presentations & Public Speaking

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