fundación barrié science fund. impact and lessons learned · business model definition...

FundaciónBarriéScienceFund.ImpactandLessonsLearned

EladioCregoTechnologyTransferAdvisorandCoordinatoroftheScienceFund

www.fundacionbarrie.org

WorkshoponProofofConcept(PoC)inSouthEasternEuropeTrieste– 21-22September2017

BarriéFoundation:HalfacenturypromotingscienceinGaliciaPromotingscientificandacademicinfrastructure,SchoolsofEngineeringandArchitecture,ComputerCenterUSC...

Fundingindividualresearchprojects,DIANAProgram(pharmacogenetics),F.Kovacs(spinaldiseases),...Supportingnewresearchers,graduatescholarships(15.000scholarships)

Generatingresearchtalent,GradSchool,Mentors,Pre-doctoralmobilitygrants...

Scientificvocations

Fosteringtechnologytransfer,ScienceSeedFund,TechnologyTransferTraining,InternationalNetworks

€ 167M invested in Education and Science since 1966

WorkshoponProofofConcept(PoC)inSouthEasternEurope

WhywemadethedecisionoflaunchingaPoCFund

6.605Researchersand113M€researchfundsraised

2.206paperswithimpact71newpatents(276intotal)

5licenses70.000€inrevenues(Royalties&Milestones)

Resources Production Translation

Therewasabiggapbetweenproductionandtransfer.

Incomparisontootherresearchenvironmentsthetechnologytransferrevenuesshouldbebetween1-2M€yearly

WorkshoponProofofConcept(PoC)inSouthEasternEurope

In2009intheGalicianUniversitySystem:

Whatwerewelookingfor?

q Promote research excellence in the Galician Public Research System.

q Promote the transfer of scientific results to society as a basis for social and economicdevelopment.

q Validate research results to obtain economic returns.

q Support technology transfer structures in Galician institutions, training experts in valuation andcommercialization of technologies.

q Promote a knowledge-based economy to ensure a more balanced, diversified and sustainabledevelopment.

Creatinganewmodeltofosterthetranslationofscientificresultstothesociety.

WorkshoponProofofConcept(PoC)inSouthEasternEurope

PatentabilityandfreedomtooperatestudiesInternationalPatentApplicationsBusinessmodeldefinitionPrototypes,clinicaltrials,fieldtrials….BusinessdevelopmentPartnersearch…

Reducetechnologicalriskperceivedbypotentialcustomersofthetechnology

Activitiesrequiredtobringresearchresultstothemarket

Whatactivitiesdidwesupport?

WorkshoponProofofConcept(PoC)inSouthEasternEurope

q FB will act as a partner of research institutions and teams in the development of funded projects.

q It will require the definition of a funding and collaboration agreement which will contain theobligations of each party, a defined development plan, milestones, monitoring, contributions basedon project needs, the sharing of potential returns and the communication policy.

q FB in return for their financial contribution and support will receive a fair share of the revenuesgenerated by the commercialization of the results. These returns will be used to fund new scienceand technology projects.

q Investment policy§ The projects have the capability to generate results with applications in society.§ The results have commercial potential to generate returns regardless of their term.§ The projects are led by excellent scientists and scientific groups.§ Research teams must acknowledge the Foundation as a project partner that adds value beyondfunding itself.

§ The Foundation is open to other sources of funding.

InvestmentPolicy

WorkshoponProofofConcept(PoC)inSouthEasternEurope

100

ProjectsIdentified

35

Projectsevaluated

25

Pre-screening+

9

InvestmentCommittee

5

Approved

11

Completeevaluation

Theevaluationprocess

WorkshoponProofofConcept(PoC)inSouthEasternEurope

OtheractionsfundedwithinthePoCFund

q Trainingcoursesfortechnologytransferstaff(UniversityandotherResearchCenters)

q Secondmentsintoptechnologytransferoffices

q Supportinginternationaltechnologytransfernetworkingevents

WorkshoponProofofConcept(PoC)inSouthEasternEurope

q Committedpeopleonbothsides

q Involvementoftheresearchteam,keydecisionfactor

q Strategicprojectforthegroup

qMinimizenegotiationonthedistributionofreturnsandconcentrateeffortsoncommercialization

q Needtowelcomeexternalpartnerswithprovenexperience

q Eachprojectisdifferent:adhocmanagementandsupportneeds

q Continuousmonitoring:milestones

q Onlyonerepresentativetonegotiatetechnologytransferagreements

qMedium/longtermview

Lessonslearned

WorkshoponProofofConcept(PoC)inSouthEasternEurope

5projectssupported- 1failed(itdidnotreachago/no-gomilestone)3newinternationalpatents+300businesscontacts+30NDAs5MTAs3licenseagreements

2spin-offs/16newjobs(50%PhDs,50%graduates)1Internationalpartnership

0,7M€inresearchcontracts+12M$raised(includinginternationalVC)

Methodology

Securing the Cloud with Automated Privacy Enhancement

DirectImpact

QuorumSensing&QuorumQuenching

WorkshoponProofofConcept(PoC)inSouthEasternEurope

2011-2015 2016- 20XX

IGNICIAPoC• Methodology• Know-how• Experience• Network

• ModelintegratedintheGalicianR&Dplan

• Higherimpact

IndirectImpact

ScienceFundPoC

WorkingTogether

WorkshoponProofofConcept(PoC)inSouthEasternEurope

• Methodologytransfer

IndirectImpact

ScienceFundPoC

WorkshoponProofofConcept(PoC)inSouthEasternEurope

THANKYOU

EladioCregoTechnologyTransferAdvisorandCoordinatoroftheScienceFund

WorkshoponProofofConcept(PoC)inSouthEasternEurope

https://www.linkedin.com/in/eladiocrego/

eladio.crego@eftconsulting.comInvestigacion@fbarrie.org