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Neil Ferguson Acting Director Technology Transfer Office Challenges and Best Routes  for Commercialisation
Irish Studies,  Texts, Contexts & Cultures Human Rights Digital Humanities  Thematic Priorities Biomedical Science & Engineering Environment, Marine & Energy Applied Social Sciences & Public Policy Informatics, Physical & Computational Sciences Humanities in Context Major Institutes & Centres Fundamental/ Theoretical Continuum of  Research Activities   Applied Cross-thematic activities Photonics and Imaging High Performance computing/bioinformatics Ethics and bioethical research Biomedical Engineering  Cancer Neurosciences  Regenerative medicine Applied Computing Photonics Semantic Web & Web Services  Climate change Environment Marine Energy Innovation Social Inclusion Health Balanced Development NCBES  REMEDI NFB  AGRC Moore Institute Irish Studies ICHR MRI  ECI Energy Power Electronics C-CAPS CISC ICSG CHPS CFCR CHSRD DERI   CHPC NCLA Applied Optics Digital Technologies
The Four Pillars of Success ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object]
What is the Product? ,[object Object],[object Object],[object Object],[object Object],[object Object]
What is the Market? ,[object Object],[object Object],[object Object],[object Object]
What is the Market? 8. What paths to commercialization exist for this idea?  (Can we reach the customers?) 9. Who are the key competitors and why will this invention win out over  them? (Who else is competing and what’s your edge?) 10. What type of investment is required to productize your invention and  what financial return might we receive? (What’s the Risk/Return?)
The Four Pillars of Success ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],Team
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Team
First steps in Raising Finance ,[object Object],[object Object],[object Object],[object Object],[object Object]
The price you pay The higher the price to purchase funds Risk   Less Risk
IDEA  Incubation First steps Exploration Exploitation Expansion Academic Research Funds (SFI)   Licence   Sales Difficult to Can estimate Calculate Risk Risk   IPO   Industry Sale/   Partnership Industry Founders F & F Angel EI, BES VCs
[object Object],[object Object]
First steps. Funding ,[object Object],[object Object],[object Object],[object Object],[object Object]
Exploitation: mostly VC money/some corporate ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Think it through,  Reality checks, Team, Make it happen.

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Castlebar presentation IDEAGEN

  • 1. Neil Ferguson Acting Director Technology Transfer Office Challenges and Best Routes for Commercialisation
  • 2. Irish Studies, Texts, Contexts & Cultures Human Rights Digital Humanities Thematic Priorities Biomedical Science & Engineering Environment, Marine & Energy Applied Social Sciences & Public Policy Informatics, Physical & Computational Sciences Humanities in Context Major Institutes & Centres Fundamental/ Theoretical Continuum of Research Activities Applied Cross-thematic activities Photonics and Imaging High Performance computing/bioinformatics Ethics and bioethical research Biomedical Engineering Cancer Neurosciences Regenerative medicine Applied Computing Photonics Semantic Web & Web Services Climate change Environment Marine Energy Innovation Social Inclusion Health Balanced Development NCBES REMEDI NFB AGRC Moore Institute Irish Studies ICHR MRI ECI Energy Power Electronics C-CAPS CISC ICSG CHPS CFCR CHSRD DERI CHPC NCLA Applied Optics Digital Technologies
  • 3.
  • 4.
  • 5.
  • 6.
  • 7. What is the Market? 8. What paths to commercialization exist for this idea? (Can we reach the customers?) 9. Who are the key competitors and why will this invention win out over them? (Who else is competing and what’s your edge?) 10. What type of investment is required to productize your invention and what financial return might we receive? (What’s the Risk/Return?)
  • 8.
  • 9.
  • 10.
  • 11.
  • 12. The price you pay The higher the price to purchase funds Risk Less Risk
  • 13. IDEA Incubation First steps Exploration Exploitation Expansion Academic Research Funds (SFI) Licence Sales Difficult to Can estimate Calculate Risk Risk IPO Industry Sale/ Partnership Industry Founders F & F Angel EI, BES VCs
  • 14.
  • 15.
  • 16.
  • 17. Think it through, Reality checks, Team, Make it happen.