UK NORDIC BALTIC SUMMIT: 19-20 JANUARY 2011 ESTONIA
DENMARK
ICELAND
FINLAND
LATVIA
UNITED KINGDOM
NORWAY
LITHUANIA
SWEDEN
THEME: Technology & Innovation Let’s get more innovation out of publicly funded research
TITLE OF PRESENTATION: Let’s get more innovation out of publicly funded research Synopsis: Government leaders respond to diminishing growth by increasing funding to university research. Unclear strategic priorities of research efforts and lack of true incentives reduce the return to society of these investments. Presenter: Ulla Brockenhuus-Schack, Managing Partner SEED Capital Denmark Short Biography: Ulla has over 20 years of experience with innovation and has since 2003 managed SEED Capital which has €200m under management and manage 70 high tech companies. Ulla has previously worked for McKInsey & Co; Egmont and has an MBA from Columbia Business School. Ulla Brockenhuus-Schack, SEED Capital Denmark
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• Most western countries face increased pressure on competitiveness to which they often respond by increasing public funding to research. • However, the commercial productivity of these investments seems low. • We need to manage investments in public R&D much better to maximize the return to society Ulla Brockenhuus-Schack, SEED Capital Denmark
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Increasing government R&D budgets Average annual real growth rate 1998-2008
Ulla Brockenhuus-Schack, SEED Capital Denmark
Source: OECD
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Selected R&D Output from Universities
Academic man-years Country University per spin-out DNK
DTU
FIN
Academic Academic man-years man-years per per patent publication
2.275
103
1,40
Aalto
362
20
3,53
ISL
UoI
422
141
0,69
NOR
NUST
540
57
1,19
SWE
KTH
111
39
0,71
EST
TUT
99
89
0,54
LAT
RTU
116
13
1,07
LIT
Kaunas
-
179
0,65
ENG
Oxford
938
64
N/A
Source: SEED Capital Denmark analysis based on information from above universities Ulla Brockenhuus-Schack, SEED Capital Denmark
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Commercial opportunities increase with a well planned research strategy Illustrative Selection criteria
Center of Competence
1.Global trends / market attractiveness 2.Global competition 3.Current expertise/clusters 4.Political ambitions
General
Ambition Public service
7-10
Nordic Champs
5-7
EU Class
3-5
World Class
Hypothesis: Education and research is a global market where professors and students will seek those universities that a leading their area of interest. Ulla Brockenhuus-Schack, SEED Capital Denmark
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‌‌followed up with a well executed research strategy Illustrative Centre of Competence
# PhD students
Typical Carer Profile Master -> PhD ->post-doc -> lecturer -> ass- professor ->professor Primarily Driven by: Publication & citations Less by: 1.Innovation/spin-out 2.Quality of teaching
Ulla Brockenhuus-Schack, SEED Capital Denmark
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Issues to be considered 1. Does the universities prioritize their research efforts based on strategic planning? 2. Do we want to offer research results to our competitors? (i.e. the focus on publications) 3. Does R&D staff have the right exposure/background? 4. Does universities offer the right incentives to innovate / create spin-outs vs. publications? Ulla Brockenhuus-Schack, SEED Capital Denmark
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