Group 15: Implementation of

Innovations 1Technology based venture

strategy for university spin off firm

Presented by1. Mr. Nattapon Laosombat ID

52230303462. Mr. Atipat Junked ID

5223030494

Agenda

• Characteristic of Entrepreneurs• Context for Entrepreneurship• Commercial exploitation of technology by

university• Influence factor of university entrepreneurship• Process and Stage for Creating a New Venture

– Assessing the Opportunity– Developing the Business Plan– Acquiring the Resources and Funding– Harvesting the Venture

• Case Study– RWTH Aachen University: Germany

Characteristic of Entrepreneurs

Characteristic of Entrepreneurs

Marc Koska and Star Syringe

Star Syringe is a medical innovation company that aims to protect people through better, low-cost, sustainably produced, basic healthcare equipment. Their non-reusable syringe is

extremely cheap and, because it has been designed so that it cannot be re-used, has played a significant role in the fight against the spread of HIV and other diseases in some

of the poorest countries on Earth.

Mike Lynch and Autonomy

Dr Mike Lynch OBE studied Engineering at Cambridge University and obtained a PhD in mathematical computing. He is a technology entrepreneur and is a pioneer of the Meaning Based Computing movement. Mike has founded a number of technology companies, including Autonomy, the UK's largest software company by market capitalization and a member of the FTSE

Context for Entrepreneurship

Influence factor of university entrepreneurship

Commercial exploitation of technology by University

Studies in the USA suggest that financial returns to universities are much higher from

spin-off company than from the more common licensing approach.

Process and Stage for Creating a New Venture

Case Study

Case Study: RWTH Aachen University

Background:• RWTH: Rhineland-Westphalian Technical University

found in 1870• Plays a key-role in terms of research, technology and

education. • T he research centres at RWTH Aachen is strongly orien

ted toward the current needs of industry This has led t o numerous innovations patents and licenses

• Philips Microsoft and Ford to locate their research instit utions in the Aachen area.

• Over the past 20 years, 1,250 spin-off businesses have been founded and created around 30,000 jobs in the greater Aachen region

Mission Statement of RWTH Aachen University

• From today‘s idea to tomorrow‘s product• Advancement of exploitation and patenting of inventions• Goal of patenting:

– Protection of strategic research fields,– Increase of income from third-party funds,– Profit through license or sale,– Promotion of start-ups.

• Inventor‘s support by means of internal university infrastructure as well as collaboration with external experts and PROvendis

Invention process at RWTH Aachen University

Entrepreneurship support at RWTH Aachen University

• Division Technology and Innovation Transfer– initial consultation (e.g . patent scouts)

• Aachen Entrepreneurship Center– Information– Qualification– Coaching

• Entrepreneurial mind setting : TOGA project– goal : Increase of number of successful– technology-based university start-ups in

Aachen duration : 2007 – 2010– budget 1.04 Mio . €

The Aachen Region

Inhabitants 13: , millionArea 3526: . km²Population density 360: inhabita

/ // //Economy: 66000, enterprises

350000, employer/

Districts: City of Aachen

District of Aachen District of Düren District of Euskirchen District of Heinsberg

Economic development in the Aachen region

• AGIT has developed since its foundation in 1983 into t heregional development agency for the Aachen regio

n, with a focus on innovation and technology.• Shareholders are: the City of Aachen, the districts of

Aachen, Düren, Euskirchen and Heinsberg, the Cham bers of Trade and Commerce and of Craft and represe

ntatives of industry.

Main business functions of AGIT‘s incubators

• advice and information on starting up and growing a technology-oriented business

• national and international location marketing• advice and support for businesses and individuals

interested in investing in the region• S -ervices for start ups

– Complementary in-house consulting services, eg. On patent law, tax, banking etc

– Support with certification– Acquisition of venture capital– Flexible office and lab space

“ -Gründer Region“

• 2004 RWTH Aachen University and IHK Aachen founded the “GründerStart-Stiftung“(GSI - entrepreneurship foundation)

• Goal is to support high tech start ups in the Aachen region in the seed phase

• strong cooperation network between the main public and private stakeholder active in the field of economic development for a more concerted SME and innovation support

Results

13 technology centers in the Aachen region First center (AGIT) founded in 1983 (first center in

Germany) 2 within the city of Aachen

520 companies 5500 employees 1024 high tech companies founded since the beginning of

the 1980s Approx. 90% survival quote Approx. 80% still have their headquarters in the Aachen

region At present 309 start ups in Aachen technology centers From those 182 spin offs come out of RWTH Aachen

University RWTH Aachen produces about 15-20 spin offs on a yearly

basis

Success factor for RWTH

• Common strategy: Triple – Helix – Model• Incubator must be part of an overall

regional development strategy• Clear profile without focus on one

particular sector• Professional incubator management• Think globally but act regionally

THANK YOU