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Michael Cardew-Hall delivered the presentation at 2014 Higher Education Summit. The 2014 Higher Education Summit discussed the post reform tertiary sector, considering some of the key challenges posed to the Australian University at a time of political change and rapid innovation in service delivery. The discussion ranged from university structures, planning and strategy to governance, funding and innovation and excellence in teaching and learning and research. For more information about the event, please visit: http://www.highereducationsummit.com.au/2014event
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Commercialisation of World Class Research
Professor Michael Cardew-Hall
Pro-Vice Chancellor (Innovation and Advancement)
The Australian National University
INNOVATION -“ideas effectively applied”
Innovation ANU
2
“ The Government expects universities and research organisations to be ‘open for business’, inventing,
patenting and commercialising more. If you aren’t applying your research to the real world, think about
how to let others do it.
The industry and the research sector should work together to solve problems and adapt to change.”
The Hon Ian Macfarlane MP
Minister for Industry
Science meets Parliament – 18th March 2014
Why Innovation?
Why Innovation - University
Show
Relevance
Show Benefit
Grow Scale
Engagement
Opportunities
Influence National Research Agendas
Raise Profile
Innovation ANU
Income
Generation
5
Internal Barriers
Culture academic vs business
3 years vs 3 months
Values pure vs applied
publish vs patent
compete vs collaborate
Relationships grant cycle vs relationship building
academic networking vs external networking
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Challenges
Start up / License SMEs Global Corporates
Identifying ideas - disclosure
Developing to investable state
Identifying business model
Identifying partner
Business skills/management
Funding
PoC, Seed, Venture
Business Development
Small, even the mediums
Innovation laggers
or
Way out leaders
Lean – lack of absorptivecapacity
Shorter term focus
Part of supply chain
Large complex organisation
Management of relationship
Local vs Parent
Budget cycles
Jurisdictions
Cultural Differences
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Strategies/Programs
Start up / License Capability Examples
Identifying ideas - disclosure
Developing to investable state
Identifying business model
Identifying partner
Business skills/management
Funding
PoC, Seed, Venture
Business Development
Critical mass of expertise
Faculty focused BDMs
IP management
Entrepreneurship education
Business planning competitions
Proof of Concept Funds
Seed Venture Funds
Co-working space
Incubators
Accelerator program
Business mentors networks
Precincts & Hubs
TTO & ANU Enterprise
Boot camps and seminars
Innovation ACT
Discovery Translation Fund (DTF)
Entry 29 – Co-working
Griffin Accelerator
ANU Connect Ventures
Capital Angels
ATPi - Incubator
CBR Innovation Network
Mt Stromlo Space precinct
Black Mtn Eco-systems precinct
10
Strategies/Programs
Capability Examples
Access to students
Internships
Access IP
Knowledge Transfer Partnerships
Consultancies
Sponsored research
Collaborative research
Facility access
Clusters & networks
Open Innovation
Precincts
ANU Edge
Advisory committees
Linkage grants
Ford - STAMP
CRCs
Scholarships
CBR Innovation network
Open access IP
Engineering internship program
Mt Stromlo Space precinct
Black Mtn Eco-systems precinct
SMEs
Small, even the mediums
Innovation laggers
or
Way out leaders
Lean – lack of absorptive capacity
Shorter term focus
11
Strategies/Programs
Capability Examples
Strategic Partnership program
Industry networks
Research Consortium
Innovation Labs
Sponsored research
Fellowships
Internships
Showcase
Local representation
European Photonics Industry
Oil & Gas Consortium
AusBio/Bio Europe
Tech Connect
US Office - network
ANU SPP
Global Corporates
Large complex organisation
Management of relationship
Local vs Parent
Budget cycles
Jurisdictions
Cultural Differences
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Digicore Research Consortium
BG
BP
Conoco
EOG
FEI
JOGMEC
Maersk
OMV
ONGC
Petronas
PetroBras
Primarily in field of oil/gas but inclusive of all materials
research. Conventionals, Unconventionals, Carbon
Capture & Storage
• A joint industry consortium
• Established 2006
• Subscription membership
• >$1M in untied funding pa
Members
Shell
Total
Whiting
Saudi Aramco
ExxonMobil
Chevron
Schlumberger
Baker Hughes
Abu Dhabi
Onshore
BHP
16
Digitalcore Pty Ltd
2009 Company founded ANU, UNSW and Researchers seed fund ($2.5M)
Prof Mark Knackstedt (CTO) and Dr Victor Pantano (GM) on leave
from ANU
Lab and office space on ANU campus
2010 Technology recognised Mark Knackstedt, ENI Award
2011 New Investment ANUCV, ANU Enterprise, ACVL , ANU and founders invest $3M – pre
money $10M
Move to off campus office – Labs on campus
Collaborative research projects with ANU
2012 Growth ANU/UNSW/Digitalcore jointly won Eureka Award
In top 60 Australian Start-ups
2013 Merger to create Lithicon
New Investment
Merge with Numerical Rocks AS
New investment ($10M) – combined pre money $24m
2014 Lithicon acquired by FEI Company sold to FEI for $76M
Deliver digital rock services to Oil and Gas Industry
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Total Returns
Financial - Sale $11M to ANU, $4M to researchers and founders
On-going License License to MicroCT technology out of field of oil & gas
Funded collaborative research Ongoing 3 way client research projects and new
technology projects
HQ and technical base HQ, Research and technology base moved to Canberra
Internships Engineering & science interns
Increasing employment
Strategic partnership Pathway for other technologies/IP