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![Page 1: How to promote entrepreneurship and commercialization of research at an old General University? Lars Jonsson Head of UU Innovation & UUAB Holding Company.](https://reader035.fdocuments.in/reader035/viewer/2022062309/56649ea15503460f94ba47db/html5/thumbnails/1.jpg)
How to promote entrepreneurship and commercialization of research at an old General University?
Lars Jonsson Head of UU Innovation & UUAB Holding Company
Uppsala UniversitySweden
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Old General Universities
• Difficult to grasp
• Even more difficult to manage
• Long processes to achieve living policies
• Strong academic culture– It is not noble to commercialize– Professor's privilege
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Uppsala University
• 530 years in business…– Strong academic traditions– Academic research should stand free!
• Heavily decentralized
• Strongly divested– Theology Space Technology
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Arts&Social Sciences
Nine faculties, Three disciplinary domains
Arts
Educational Sciences
Languages
Law
Social Sciences
Theology
Medicine
Pharmacy
Science and Technology
~450 M€ Annual turn over
Research 68%
Education 32%
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Professor's privilegeA Swedish specialty…
•All results are the researchers private equity– The University has no rights
– Only Sweden; (Italy with some restrictions)
•Can not use University Money for– Patent applications
– Investments in shares
– Investments in developing projects
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Tough odds for patents!
Canadian survey» Thomas Asterbot, Univ of
Toronto, 2003
1061 out of 1091 failed….
< 7 % reached the market
0,5 % became profitable
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Research is an investment
Return of investment:– Competitive work force– Competitive inventions– Knowledge based economy– Increased welfare
A University Innovation System is mandatory to achieve this !
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Commercialize research
We have a mission to make our
research useful to society
through commercialization and
patents.
Anders Hallberg, Vice-Chancellor, Uppsala University, 2006
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Patents are instruments
•Patents and Knowledge Transfer should not be the goal for a university institution
•They are tools to establish a relation and enforce the institution!
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• The Svedberg – Nobel Laureate 1926– The Ultracentrifuge
• Arne Tiselius – Nobel Laureate 1949– Electrophoresis and Chromatography
– Gel filtration, phase partition etc
Today: GE Health Biosciences
”The Svedberg Group”- the cradle of modern biotechnology industry!
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Uppsala Bio
Invention to company turn-over
200019601940
Pharmacia Biotech GE Healthcare
600 MUSD *
Electrophoresis
Dextran
IgE
Phadia204 MUSD
1980
neuropeptides effect
on ocular blood flow
Xalatan™1.300 MUSD
SPR Biosensors
Biacore
67 MUSD
AMO Uppsala114 MUSD
Function of Hyaluronic
acid
Q-Med 78 MUSD
Heparin
Fragmin™
Biotage
Microwavesyntheses
Padlock Probes
Olink
Researchinventions
Commercialization
Turn-over today~2,600 MUSD / year
of which > 1,000 MUSD is based in Uppsala
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What have been done - Organizational structure
1985 1990 1995 2000 2005Liasion office
STUNS – Non-profit
university & society foundation
Science Park
UUABHolding
Company
TechnicalBridge
Foundations
Ad hocCollaboarationAnd spin-outs
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• Owned by the University• Arm length distance – no part of the Authority• Legal form = private company
• The Government decides the object in
the Articles of Associations
UUAB The Holding Company of Uppsala University
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What have been done - Organizational structure
1985 1990 1995 2000 2005Liasion office
STUNS – Non-profit
university & society foundation
Science Park
UUABHolding
Company
CEFEntrepreneurialEducational Programs
Patent Office
ConnectPUB
meetings
UniversityLiasionCompany
VentureCup
UU Innovation
A WallChair
Key ActorsProgram
ÅMAMaterialAcademy
TechnicalBridge
Foundations
Ad hocCollaboarationAnd spin-outs
SHBPatentGrantsFoundation
UICBusinessIncubator
InnoventusLife ScienceVenture
DrivhusetStudentFoundation
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What have been done- Processes
•Recruiting right people• Two-cultural
•Identify champions and relate• Researchers
• External network of entrepreneurs
•Traditional spin-out strategy• Start-ups, out licensing
•Collaborative research• Pro active approach
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Three main processes
Stimulate entrepreneurship
– Mainly students
– Business idea in a known market
Commercialization of inventions
– Research results, new products & markets
Creation of business opportunities
– Collaborative research platforms
– between disciplines and with companies
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Stimulate 1
CEF -Centre for Entrepreneurship
University centre to stimulate entrepreneurship
– The School of Entrepreneurship
• Last year program for science students
• Real industrial project + theory & seminaries
– Project Management for students
– Seminaries for PhD students and researchers
– Seminaries for small knowledge based companies
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Stimulate 2
Drivhuset
Student non-profit organization
– Inspire and stimulate students
– Support entrepreneurship vs employed
– Seminaries, lectures and hands on
– 50 student based companies per year
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Stimulate 3
Anders Wall's chair
Professor chair in entrepreneurship
– Donation by Anders Wall, famous
local entrepreneur
– Education and research
– Entrepreneurial Day
• Entrepreneurs Academy
• Niklas Zennström, founder of Skype
– Dollar billionair, Uppsala alumni
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Top Class International
Research
Find Foster Forward
SecureVerify
Develope
UIC- Business Incubator
Start-Ups
Existing Company
Free Patent Supervisor
~ 150 discl/year
Projects (UUAB)
New CompanyInnoventus
Existing Company
FuelProfessional Project Management
UUAB
$
UUAB
$
UUAB
$$
$ $ VC $$$
Commercialization of research results
Disclosure process
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Business Incubator
UIC
•We are business developers, not landlords
•Business coach 1 day / week
– Not for free, but pay when (if) you can
•UIC not an owner!
•Gives 7,9 times return on the tax investment!
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UUABthe Holding Company
• > 500 disclosures
• > 50 start-ups
• Invested ~ 8 M€
• High value creation
UUAB value of portfolio (last price value, adjusted for new investments)
0,00
10,00
20,00
30,00
40,00
50,00
60,00
70,00
2000 2001 2002 2003 2004 2005 2006 2007
+ 63 MSEK already realized
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UUAB Results (june 2007)
UUAB Invested 7,8 M€
Realized profit UUAB (exits) 6,7 M€
Value of portfolio ~ 7,7 M€
Running costs 3,3 M€
Net profit ~ 3,3 M€
Consequently investments ~ 128 M€
Generated University Incomes ~ 26 M€
Huge leverage for the University and the Society
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Commercialization units
Uppsala University
A new entity
UU Innovation
Faculty & DepartmentsFaculty & Departments
Faculty & DepartmentsFaculty & Departments
Faculty & DepartmentsFaculty & Departments
Faculty & DepartmentsFaculty & Departments
UU Innovation
• Strategy• Partnership• IPR management• Business Law• Entrepreneurship• Innovation
Vice-Chancellor(President)
Vice PresidentVice President
Vice President
UUAB(Holding Company)
Forskarpatent(Patent Office)
UppsalaInnovation Centre
business incubator
One Manager
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Society - the winner
Not always profitablefor the professor
for the university
for the Holding Company
Very profitable for the society
Gives valuable collaborations
Increases the competitiveness of the university
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Never ever give up
“Success is going from failure to failure without a loss of enthusiasm”-
Winston Churchill