Tapio Koivu - VTT - Stanford - Jan 25 2010

Spinning out business from contract reseach organizations Tapio Koivu Stanford, January 25th 2010 Numerotiedot päivitetään kalvoihin helmikuussa, kun kaikki tilastoluvut vuodelta 2009 ovat tiedossa. Lisäksi kalvoja täydenne-tään uusien yhtiöiden esityksillä. /Sari Halme

CONTENT ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

VTT’s status as performer of R&D work Basic research Development VTT INDUSTRY UNIVERSITIES Applied research

Knowledge flow between VTT and customers Commercial contracts Pre-competitive R&D Recruiting of scientists Spin-off companies Patents, licenses, publications VTT Customer company

Summary of VTT’s strategy TARGET STATE MEANS OF ACHIEVEMENT Mission VTT produces research services that enhance the international competi-tiveness of companies, society and other customers at key stages of their innovation process, and thereby creates the prerequisites for growth, employment and wellbeing. ,[object Object],[object Object],[object Object],[object Object],[object Object],VTT increases the competitiveness of its customers’ businesses, promotes the creation of new business, and improves and speeds up the productivity of R&D. VTT exploits it know-how by licensing technologies and spinning off successful technology companies. VTT strengthens its top-class research in technology centres and creates new nodes for the global innovation network. VTT promotes the development of industries and public services, the wellbeing of society, the health and safety of the environment, and improves the knowledge base for political decision-making. ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],BUSINESS FOUNDATIONS Vision VTT creates business from technology for the benefit of its customers, partners and other stakeholders.

VTT Group in brief Personnel 2920  Turnover 276 M€ (budget for 2010) VTT’s operations Research and Development  Strategic Research  Business Solutions  IP Business  Corporate Services VTT’s companies VTT Expert Services Ltd  VTT Ventures Ltd  VTT International Ltd ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

VTT Group structure 2010 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],V T T Technical Research Centre of Finland ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],(State-owned research centre under the domain of the Ministry of Employment and the Economy)

VTT on map Silicon Valley, USA Saint Petersburg, Russia Brussels, Belgium Shanghai, China Seoul, South Korea Tokyo, Japan Finland • • • • • Tampere Oulu Jyväskylä Espoo Lappeenranta • • Turku Rajamäki • Raahe • Kajaani Kuopio •

Revenues 245 M€ in 2008 Basic governmental funding External funding Self-financed projects M€ Commercial activities Jointly funded projects 0 50 100 150 200 250 2004 2005 2006 2007 2008

Income from commercial activities in the domestic private sector 73 M€ in 2008 (* *) Classification according to VTT’s customer segments Energy 18% Real estate and construction 15% ICT 14% Forest industry 13% Machines and vehicles 13% Electronics 10% Chemistry and environment 6% Biotechnology, pharmaceutical and food industries 6% Metal refining 3% Services and logistics 1%

Results ,[object Object],[object Object],[object Object],[object Object],[object Object]

IP Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Examples PlexPress Oy SoluCel Oy Envault Corp Oy Vergo Oy Nicanti Oy Zora Biosciences Oy Technology enabling multiplex high-throughput gene expression analysis Production of plant-based molecules to pharmaceutical, fine chemical and biotech industries Digital content protection software solutions Network and risk management solutions Product and brand authentication technology Novel diagnostic and prognostic biomarkers for healthcare applications, specialized laboratory services (metabolomics and bioinformatics) for pharmaceutical industry

THE CHALLENGE: . RESEARCH OR INNOVATION? Research = Transforming money into knowledge Innovation = Transforming knowledge into money

OUTPUT COMPARISONS Metric Population (millions) Share of academic degrees N:o of newcos per annum R&D investment per capita N:o of patents filed per 1M capita N:o of initial investments (app.) Average initial investment Tot. Annual VC investments Deloitte Fast 500 companies Stock exchange listings p.a. Nasdaq listings (currently) N:o of early stage VCs R&D centers of global companies Finland 5.2 25 % 23 000 3.3 % (3rd ww) 166 100 0.3 M$ 180 4 1 0 10 5-6 Israel 6,9 24 % 20 000 4.1 % (1st ww) 186 100 2.8 M$ (4th ww) 1 650 (3rd ww) 44 35 (1H/07) 100 60 30-40 Massachusetts 6,3 NA 27 000 App. 4.9 % (NA) 300 (NA) 150 6.2 (M$ 2nd ww) 2 400 (2nd ww) 36 9 60 50 10-20

Opportunity Creation Opportunity Discovery Opportunity Exploitation and Evaluation Source: Research Research Lab. Researchers Knowledge/ Invention Transfer object Existing Firms Start-up Firms Research Organization Spin-Offs Transfer Recipient Technology Transfer ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Effectiveness What gives?

THE GAP ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Enormous Financial Opportunity in IP Commercialisation Only a small fraction of the potential is properly commercialized ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

THE VTT EXPERIENCE ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

New Model? IP sourcing field Universities Polytechnical institutes Institutes Companies IP acquisition & packaging Licensing Funds specializing in IP investments Industry Early stage VC’s and other private investors Spin-offs

CONCLUSIONS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Tapio Koivu ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Tapio Koivu - VTT - Stanford - Jan 25 2010

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Tapio Koivu - VTT - Stanford - Jan 25 2010