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KT Scotland Policy and Practice Innovation Initiatives in Response to Economic Downturn in Ireland 22 April 2010 Dr Pat PowerPoint Presentation
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KT Scotland Policy and Practice Innovation Initiatives in Response to Economic Downturn in Ireland 22 April 2010 Dr Pat Frain, Director NovaUCD. Building a Knowledge Economy. Rapid economic growth – mainly driven by foreign investment – Tax, Labour relations, Educated workforce etc

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KT Scotland Policy and Practice

Innovation Initiatives in Response to Economic Downturn in Ireland

22 April 2010

Dr Pat Frain, Director NovaUCD

building a knowledge economy
Building a Knowledge Economy
  • Rapid economic growth – mainly driven by foreign
  • investment – Tax, Labour relations, Educated workforce etc
  • Competition from low cost countries – Investment in University R&D for development of knowledge based economy
  • HE spend on R&D has quadrupled in 10 years and is now in
  • line with EU and OECD average
funding collaborative research and knowledge transfer
Public Investment in University R&D – PRTLI, SFI

SFI – CSETs, SRCs

EI – Innovation Partnerships, commercialisation grants, incubation facilities, TTSI, competence Centres, Vouchers

SSTI - €30 M to strengthen University TTOs

TT Project Managers

Legal and other operational costs

Patenting

SFI – Science Foundation Ireland EI – Enterprise Ireland

PRTLI – Programme for Research in Third Level Institutions

CSETS – Centres for Science Engineering and Technology

SRCs – Strategic Research Clusters

SSTI – Strategy for Science Technology and Innovation

Funding Collaborative Research and Knowledge Transfer
novaucd
NovaUCD
  • University Industry Programme at UCD 1988 - 2003
  • NovaUCD launched in 2003 – purpose built centre - supportive environment - incubation facilities to assist innovators and entrepreneurs
  • Vision: an international leader in the commercialisation of research and knowledge for the benefit of economy and society
  • Investment: €11 million by public/private partnership
  • Comprehensive KT support Programme
novaucd innovation income contribution to economy
NovaUCD income for innovation €21.5 M

Over $200 M in investment and realisations in UCD companies

800 jobs created by CCDP promoters

28 companies currently located in NovaUCD have 70 employees - 34 new jobs in 2010

Since 2003

50 companies located in NovaUCD Units (33% spin-out)

50 projects availed of desk space

70 projects completed CCDP

NovaUCD Innovation Income Contribution to Economy
economic downturn
R&D Funding – SFI and EI limited budget cuts - EI focus on industry led activities, Innovation Partnerships, competence Centres, Vouchers

TTSI Funding - Development of TT profession – uncertainty due to short-term contracts

Other TT Funding

Patent funding reduced to 75%

No Commercialisation Grants (Proof of concept, Technology Dev.)

Shortage of seed funding for start-ups – current VC funding is focused on development funding

No commitment to fund Wet Lab Space

Economic Downturn
innovation initiatives in response to economic downturn
National Initiatives

Innovation Task Force – March 2009

Review of Supports for Exploitation of IP from HE Research (To be published in May)

University Initiatives

University Alliances

Training

Innovation Initiatives in Response to Economic Downturn
innovation task force march 2009
“Building the innovative or “ideas” component of the economy

through the utilisation of human capital – the knowledge, skills

and creativity of people – and the ability and effectiveness of

that human capital to translate ideas into valuable

processes, products and services”

Ecosystem to increase job creation

and start-ups:

Entrepreneurs and enterprises

Investment in R&D

Education system, particularly HE

Finance, in particular risk capital

The tax and regulatory environment

Public policy and institutions

Innovation Task Force March 2009
innovation task force key kt recommendations
Update SSTI 2014-2020 to R&D spend of 3% of GDP

More effective and efficient approach to identifying and accessing IP from publicly funded research

Increase support for start-ups and scaling

Develop high quality physical infrastructure

Develop role of education in innovation

Innovation Task Force – Key KT Recommendations
review of supports for exploitation of ip from he research may 2010
Objective

Determine to what extent the current national IP arrangements for publicly-funded research are suitable and effective.

Some issues addressed include:

Strengthening of National Policy and

Guidelines

Appropriateness of existing TT support

measures including decentralisation, power

of TTO to close deals, clarification of agency

approaches, etc

TTO commercialisation strategies,

targets/metrics etc

Review of Supports for Exploitation of IP from HE Research – May 2010
alliances and training
Alliances under development UCD/TCD, UL/NUIG, DCU/RCSI/NUIM

Training – wide range of courses for unemployed for individuals and companies (Entrepreneurship, ICT, etc)

Alliances and Training
ucd tcd innovation alliance
Vision / Mission

Partnerships between UCD-TCD, government agencies, the business sector and the national/international venture capital community to form a world class innovation and enterprise ecosystem.

Facilitate the creation of sustainable jobs in next 10 years by:

Training future innovators & entrepreneurs

Creating new spin-out companies

Development of new Irish and international spin-in companies

Supporting the recruiting new FDI while sustaining existing MNCs

Supporting indigenous Irish knowledge and technology based SMEs and large enterprises

UCD-TCD Innovation Alliance
alliance programmes
Innovation Academy / Modules / Projects

Innovation Laboratory / Space / Tools / Environment

NovaUCD and Joint Venture

IP management / TT / Seed funding

Alliance Programmes
challenges for tto
Decreasing resources

Pressure to demonstrate return on investment in R&D – managing expectations - impact on economy

Negotiating IP agreements for collaborative research – Increasing effectiveness of strategic partnerships - partnerships vs. start-ups

Achieving consistency in government strategies (Conflicting objectives, State Aid, rates, charitable status)

Aligning KT strategies of Senior management and TTO

Challenges for TTO