Los días 13 y 14 de marzo de 2014, la Fundación Ramón Areces organizó con el Instituto de Estudios de la Innovación (IREIN) y el Foro de Empresas Innovadoras una jornada sobre 'Nuevos enfoques sobre políticas de innovación'. Contó con la intervención de destacados expertos internacionales como Luc Soete, rector de la Universidad de Maastricht; Julia Lane, del American Institutes for Research (AIR) de Estados Unidos; Giovanni Dosi, del Institute of Economics de la Scuola Superiore Sant'Anna (Italia); Daniele Archibugi, del CNRS y del Birkbeck College de la University of London; John Cantwell, del Rutgers Business School de Rutgers University (Estados Unidos); Jorge Katz, de la Universidad de Chile; Tom Hockaday, del ISIS Innovation de la Universidad de Oxford (Reino Unido), y Johan Schot, del Science and Technology Policy Research de la University of Sussex (Reino Unido).

1. TECHNOLOGY TRANSFER FROM THE RESEACH BASE:
INGREDIENTS FOR SUCCESS AND CURRENT
DEVELOPMENTS
Tom Hockaday, Isis Innovation, Oxford, UK

2. isis-innovation.com
Contents
• Introduction
• Isis Innovation
• Elements
• Phases of growth

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Introduction
• Knowledge Based Economy
• Universities (the Research Base)
• Industry, Business

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Towers

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Intermediaries – 4th
Dimension
International Innovation

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Madrid
Barajas
Atocha
Cuatro
Torres

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Oxford University

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Oxford & Isis Innovation
• OXFORD
• Today - Most Powerful UK Research University
• Highest University Research Spend in UK at £542
million (2012)
• ISIS INNOVATION
• Isis Innovation Ltd is a company 100% owned by the
University of Oxford, established in 1987
• Isis helps researchers who wish to commercialise the
results of their research
• A world-class Technology Innovation business. Isis 5th
highest British PCT patent applicant

9. isis-innovation.com
Isis Innovation Ltd
Oxford Technology Transfer
IP, Patents, Licences, Spin-outs,
Material Sales, Outcome Questionnaires, Seed Funds, Isis Angels
Network, Isis Software Incubator, Oxford University Hospitals
NHS Trust
Oxford Expertise
Consulting, Services
@isisinnovation
A profitable company 100% owned by the University of Oxford
Isis Consulting Business
Technology Transfer and Innovation
Management

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Isis Impacts
• The impact of Isis activities is
seen through the take-up of
new technologies and ideas
that form the basis for new
products and services.

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Natural Motion

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Oxford Immunotec

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Spin-outs – The Players
Shareholder, Director,
Consultant
Isis - licence,
University shareholding,
director (OSEM)
Lawyers
Accountants
Shareholder, Director
CEO, Shareholder
Bankers
AdvisersShareholders
I
N
V
E
S
T
M
E
N
T
Founder
Researchers
Isis Technology Transfer
Manager
Lawyers
Accountants
Manager (1)
Manager (2)?
Investor (1)
Investor (2) ?
Bankers
Time
TT

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Syzygy

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Intermediaries – 4th
Dimension
Intermediaries - International
Intermediaries - International

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Academic axis
£ -> Research
3D – Spin-out
2D – Licence, Consulting
Isis Innovation Staff
Acting as Multi-dimensional Intermediaries
Investor axis
£ -> £££
Commercial axis
Research -> £

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Intermediaries – 4th
Dimension
Intermediaries - International
Intermediaries - International

18. ELEMENTS

19. isis-innovation.com
Layers in the Innovation Ecosystem
Research Base – Researchers, TTO, Administrators
Professional advisers – patent attorneys,
lawyers, accountants, banks, commercial
property managers, pr, head-hunters,
consultants, students, journalists
Innovative companies, investors, entrepreneurs,
Other universities, institutes

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Elements
• The Research Base – University, Institute, Hospitals
• Business & Finance
• Government
• A fourth area …

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Elements – Research Base
• Supportive Vice-Chancellor, Rector, Provost, Director
• & Senior Researchers
• Research Activity
• High volume & quality
• Researcher engagement
• University Policies
• IP Ownership / Revenue sharing / Spin-outs
• Disputes
• Research Services Office
• Manage relationship with Research funders
• Access to Proof of Concept / Seed funds
• To accelerate technology transfer
• Technology Transfer Office
• Adequately resourced

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Elements – Business & Finance
• Business Networks
• Innovative Technology companies
• As Licensees
• Business Angels
• Seed & Venture Capital
• Entrepreneurs
• Professional Advisers
• Banks / Accountants / Lawyers / Property

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Elements - Government
• Tax incentives
• SME Benefits
• CGT & Income Tax
• Tax credits & Tax relief
• ‘Patent Box’
• Grant programmes
• Technology Transfer capacity, proof-of-concept
• Businesses
• Government Agencies
• Research Funding, Innovation (TSB in UK)
• National Research Facilities, Government Science Parks
• Legislative framework
• Intellectual Property
• Company law
• Public procurement
• Support & Clarity & Consistency

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Elements – A fourth area
• Non Governmental Organisations
• Charities
• Foundations
• Not-for-Profits
• Social Enterprise

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Oxford incubators & science parks
Isis Software
Incubator
Oxford Centre
for Innovation
Oxford Magnet
Begbroke
Science Park
Oxford
Science Park
Oxford
Entrepreneurs
Incubator
Oxford Low
Carbon Hub
Oxford Hub
Milton Park
Oxford
BioEscalator
Harwell - European
Space Agency's Business
Incubation Centre
Science Vale
Enterprise Zone
Source: Google Maps

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The Innovation System
Recruitment,
head-hunters
Angel
Networks
Students
Angel
Investors
Investment
Funds
Accountants
Bankers
Lawyers
Technology Transfer
organisations
University
Researchers
Commercial property
managers
Journalists
Consultants
Public
Relations
Local
Government
Hospitals
Government
Labs
Research
Institutes
Members of
Parliament
Incubators
Business
networks
Science
ParksOther
universities
Industry
Technology
companies
Business
Start-ups
‘City deal’
Local
Enterprise
Partnership

27. Phases of Growth

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Phases - Introduction
Phase 1 The old days up to late 1980’s
Phase 2 The heydays mid 1990’s to mid 2000’s
Phase 3 The winds of change early 2010’s
Phase 4 a Economic pressures nowadays
Phase 4 b Impacts of Impact looking ahead
Implications
REFERENCE: LES NOUVELLES, December 2013
http://www.lesi.org/les-nouvelles

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Phase 1
University,
Researchers
Research just got funded somehow,
anyway, by government?
Occasional interactions with industry,
ex-students
Industry

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Phase 2
University,
Researchers
Technology
Transfer
Office
Industry
Increasing interactions with industry,
technology companies, 2-way flows.
Recognition of value of IP, creation of
TTOs

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Phase 3
University,
Researchers
Technology
Transfer
Office
Industry
TTO’s mature, some thrive, many struggle.
Research collaborations with Industry become
far more important to researchers [why? weak
economy, pressure from government]
Researchers now view IP differently, as a
means to research funding, not only TT deals

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Phase 4
University,
Researchers
Technology
Transfer
Office
Spin-outs
TTO’s need to adopt more flexible models, to satisfy
changing ways researchers view the use of IP, and
changing industry models, ‘Open Innovation’
Universities need to modify its expectations of
the TTO. Will character of TTO’s change …?
Research
Collaborators
Licensees

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Phase 5
University,
Researchers
Technology
Transfer
Office
Industry
Universities respond to pressure for Impact, become
far better a explaining benefits from public investment,
TT impact diluted.
University views TTO as smaller part of a
bigger picture.
Society
Policy

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Phases - Implications
• For Technology Transfer Offices
• - may disappear where the university sees no economic value in its IP
• - must [continue to] explain non-commercial benefits of the commercial route
• For Universities
• - may lose the non-commercial benefits [Impact] of the commercial route
• - will complain later when they miss the blockbuster
• For Government
• - beware the ‘commercialisation effect’
• - help universities understand why commercial route is good for them, for the non-
commercial reasons
• For Industry
• - may miss out on commercial positions
• - may pick up more technologies for free

35. isis-innovation.com
www.isis-innovation.com
Isis Innovation Ltd, Ewert House, Ewert Place, Summertown, Oxford OX2 7SG
T 01865 280830 F 01865 280831 E innovation@isis.ox.ac.uk
Register to receive Isis E-News at: www.isis-innovation.com/news/enews
Follow us @IsisInnovation

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Isis Annual Report 2013