Скачать презентацию Funding Opportunities at Wellcome Fiona Mac Laughlin Heather Скачать презентацию Funding Opportunities at Wellcome Fiona Mac Laughlin Heather

a66680495286be059b2388fd93878e96.ppt

  • Количество слайдов: 76

Funding Opportunities at Wellcome Fiona Mac. Laughlin Heather Chaffey Funding Opportunities at Wellcome Fiona Mac. Laughlin Heather Chaffey

The Wellcome Trust • independent research-funding charity • largest charity in UK • established The Wellcome Trust • independent research-funding charity • largest charity in UK • established 1936 • founder of company that developed AZT, FMD and Rubella • funded from private endowment valued at £ 15 billion (March 2008) • managed for long-term stability and growth • interests range from science to history of medicine

Mission and strategy “To foster and promote research with the aim of improving human Mission and strategy “To foster and promote research with the aim of improving human and animal health”

Basic Organisational Structure Science Funding Technology Transfer Investments Creative Research Programme related investment Capital Basic Organisational Structure Science Funding Technology Transfer Investments Creative Research Programme related investment Capital growth of endowment ‘To foster and promote research with the aim of improving human and animal health’ Equity & Equity Long/Short Absolute Return & Buyout Healthcare & Venture Property & Infrastructure Private Equity

Wellcome Trust Philosophy • spend up to £ 4 bn over next 5 years Wellcome Trust Philosophy • spend up to £ 4 bn over next 5 years • how we work: • people & ideas - focus on individuals • programmes - big & brave grants • places - fund where we can make a difference • partnership - strategic partnerships • a committed funder of translational research • public engagement that aims to create an informed climate within which biomedical science can flourish

Improving innovation Translational medicine Key to an innovative healthcare and pharmaceutical industry we must: Improving innovation Translational medicine Key to an innovative healthcare and pharmaceutical industry we must: • develop bench to bedside – bedside to bench approaches • optimize academia & industry links • develop innovative public private partnerships • reinvigorate undergraduate medical curriculum • provide flexible training routes • streamline approval processes

Dr Heather Chaffey Grants Adviser, Neuroscience & Mental Health Grants Management Department (t) +44 Dr Heather Chaffey Grants Adviser, Neuroscience & Mental Health Grants Management Department (t) +44 (0)20 7611 8786 (e) h. chaffey@wellcome. ac. uk

Overview • What we fund • Funding schemes • General information • The application Overview • What we fund • Funding schemes • General information • The application process - background & tips

What do we fund? • Biomedical and Veterinary Research • Technology Transfer Activities • What do we fund? • Biomedical and Veterinary Research • Technology Transfer Activities • History of Medicine Research • Biomedical Ethics Research • Public Engagement Activity • Direct Activities (e. g. Sanger Institute)

Financial Expenditure 2007/08 Financial Expenditure 2007/08

Expenditure in Ireland Dublin City University £ 626, 051 University College Dublin £ 2, Expenditure in Ireland Dublin City University £ 626, 051 University College Dublin £ 2, 912, 892 Other Institutions £ 121, 500 National University of Ireland £ 150, 169 University College Cork £ 1, 202, 081 Royal College Surgeons £ 1, 830, 699 Total £ 16, 325, 739 Trinity College Dublin £ 9, 479, 227

Funding Schemes • Response - Mode Funding • Strategic Award Funding • Fellowships Funding Schemes • Response - Mode Funding • Strategic Award Funding • Fellowships

Response - Mode Funding Response - Mode Funding

Eligibility Requirements • Hold a research post in an eligible organisation • Have 5 Eligibility Requirements • Hold a research post in an eligible organisation • Have 5 years postdoctoral research experience • Must be able to sign up to the Trust’s grant conditions

Project Grants • High-quality, hypothesis-driven research • Salaries for 1 -2 posts plus equipment, Project Grants • High-quality, hypothesis-driven research • Salaries for 1 -2 posts plus equipment, travel and materials for up to 3 years • Awards in the region of £ 150 -£ 400 k. • Support for pilot studies and international collaborations

Programme Grants • Internationally competitive research programmes • Proven track record of research and Programme Grants • Internationally competitive research programmes • Proven track record of research and funding. • Salaries for 3 -4 posts for 5 years plus equipment, travel & materials • Awards typically in the region of £ 900 k-£ 1. 5 m I

Other Schemes • Equipment, Biomedical Resources & Technology Development Grants • Flexible Travel Awards: Other Schemes • Equipment, Biomedical Resources & Technology Development Grants • Flexible Travel Awards: Sabbaticals

Strategic Awards • Flexible forms of support to facilitate research &/or training. • To Strategic Awards • Flexible forms of support to facilitate research &/or training. • To 'add value' to excellent research groups. • Must involve a partnership with the host institution. • Normally for 5 years. • Open rolling call for proposals but the Trust may highlight particular areas of research.

Strategic & Themed Initiatives • African Institutions Initiative • Medical Engineering • Genome-wide Association Strategic & Themed Initiatives • African Institutions Initiative • Medical Engineering • Genome-wide Association Studies in Disease • Research in Neurodegenerative Diseases • Capital Awards in Biomedical Science

Fellowships Fellowships

Personal Support Schemes BIOMEDICAL SCIENTISTS Principal Research Fellowships Senior Research Fellowships Intermediate Training CLINICAL Personal Support Schemes BIOMEDICAL SCIENTISTS Principal Research Fellowships Senior Research Fellowships Intermediate Training CLINICAL SCIENTISTS Research Career Development Fellowships Sir Henry Wellcome Postdoctoral Fellowships 4 Year Ph. D Programmes University Awards Flexible Travel Awards Research Career Re. Entry Fellowships Senior Research Fellowships Intermediate Clinical Fellowships Research Training Fellowships Ph. D Programmes

Schemes for nonclinical scientists Schemes for nonclinical scientists

Personal Support Schemes – Biomedical Scientists Senior Research Fellowships Research Career Development Fellowships Sir Personal Support Schemes – Biomedical Scientists Senior Research Fellowships Research Career Development Fellowships Sir Henry Wellcome Postdoctoral Fellowships

Schemes for clinically and veterinary qualified scientists Schemes for clinically and veterinary qualified scientists

Personal Support Schemes – Clinical Scientists Senior Research Fellowships Intermediate Clinical Fellowships Research Training Personal Support Schemes – Clinical Scientists Senior Research Fellowships Intermediate Clinical Fellowships Research Training Fellowships

Other Personal Support Schemes • Flexible Travel Awards: Fellowships • Research Career Re-entry Fellowships Other Personal Support Schemes • Flexible Travel Awards: Fellowships • Research Career Re-entry Fellowships • University Awards

Alternatives • Request personal salary support on a project grant Alternatives • Request personal salary support on a project grant

General Information General Information

What funding do we provide? • Directly incurred costs of research. We do not What funding do we provide? • Directly incurred costs of research. We do not fund on a proportion of f. EC • Travel allowances • Flexible funding allowance • We also fund some additional costs, including: – – animal house facility f. EC charge out rates open access publishing – national and international resources

The Application Process – Background & Tips The Application Process – Background & Tips

The Application Process Good idea! Preliminary application Short-listing for full applications Full Application 4 The Application Process Good idea! Preliminary application Short-listing for full applications Full Application 4 – 6 months Expert peer-review Funding Committee Short-listing for interviews Interview Committee Decision

Writing the Application Writing the Application

A ‘Good’ Application • A strong and original central hypothesis • Evident knowledge of A ‘Good’ Application • A strong and original central hypothesis • Evident knowledge of the area and appropriate expertise • Clear research plan/easy to understand • Convincing preliminary data • Not over- or under- ambitious • All staff, equipment & animals carefully justified • Seek advice!

“. . . it involves techniques with which the applicant appears to have no “. . . it involves techniques with which the applicant appears to have no prior experience and for which no preliminary data are proposed. ” “. . . the work described in this application is over-ambitious, it could not be achieved in the life time of the investigator. ” “The poor writing, referencing and proof reading of this application significantly detract from its overall quality. ” “I had only one problem with this application, I had no idea what they were trying to do. . . ”

Peer Review Assessment • Importance of the problem • Strengths and weaknesses of application Peer Review Assessment • Importance of the problem • Strengths and weaknesses of application - quality of science, feasibility • Standing of applicants – track record • Resources requested – are they appropriate? • Fellowships: person, project, place

Thank you! Dr Heather Chaffey Grants Management Department H. Chaffey@wellcome. ac. uk Thank you! Dr Heather Chaffey Grants Management Department H. Chaffey@wellcome. ac. uk

techtransfer@wellcome Purpose To maximise the impact of research innovations on health by facilitating their techtransfer@wellcome Purpose To maximise the impact of research innovations on health by facilitating their route to the ‘market’ • early-stage R&D funder • focused on funding gaps • motivated by public good

Translational Funding Creative research Government / Philanthropic grants Applied Research Development Sales / Marketing Translational Funding Creative research Government / Philanthropic grants Applied Research Development Sales / Marketing Translational Funding/VP Venture Capital Private equity / public markets Publication / Grants Charitable mission Sustainable advantage Sustainable business RISK IS DEFINED BY SECTOR DRIVER

Technology Transfer History • 1995 - Intellectual Property and Industrial Relations worked with Cancer Technology Transfer History • 1995 - Intellectual Property and Industrial Relations worked with Cancer Research Campaign Technology • 1997 – Catalyst Bio. Medica Limited, wholly owned trading subsidiary with own £ 20 Million fund • 2003 – Technology Transfer Division with Translation Awards Fund

Early stage funding : Bridging the R&D gap Early stage funding : Bridging the R&D gap

Medical Engineering Joint initiative with the Engineering and Physical Sciences Research Council £ 41 Medical Engineering Joint initiative with the Engineering and Physical Sciences Research Council £ 41 M for four centres of excellence • Leeds University (John Fisher) Focus on ageing in relation to early diagnosis & improved prostheses for musculo-skeletal & cardiovascular disease • Oxford University (Lionel Tarassenko) Focus on personalised treatment in chronic conditions such as asthma, diabetes & cancer using telemedicine technology • Imperial College (Ross Ethier) Focus on the management of osteoarthritis through improved implants and tissue engineering approaches • Kings College, London (Reza Razavi) Focus on medical imaging in cardiovascular disease and cancer for improved visualisation to guide targeted therapy

What types of opportunity are charities looking for ? Projects that relate to their What types of opportunity are charities looking for ? Projects that relate to their mission § Usually disease-focused § Sometimes problem-oriented § Always fulfil an unmet need § Offer solutions that are ‘fit for purpose’ Projects at the appropriate stage § Different charities engage at various stages § Fund-raising charities are more patient-oriented § Many charities look for leverage of their funds

Gradient of unmet need guides where we engage ‘Neglected Diseases’ malaria leishmaniasis Chagas ‘Orphan Gradient of unmet need guides where we engage ‘Neglected Diseases’ malaria leishmaniasis Chagas ‘Orphan diseases’ cystic fibrosis Gauchers Turners syndrome ‘Niche market’ $100 M lupus MS necrolepsy ‘Speciality medicine’ <$500 M ‘Blockbuster drug’ >$500 M melanoma osteoporosis dermatitis antidepressants pain cholesterol control

Diversity of Translation Award scheme Applications received Diagnostics 11% Therapeutics 36% Regenerative Medicine 5% Diversity of Translation Award scheme Applications received Diagnostics 11% Therapeutics 36% Regenerative Medicine 5% Vaccines 6% Enabling Technology 21% Medical Devices 21% Awards made

Venture Philanthropy versus Private Financing? Advantages § Charity aims don’t keep changing § Financial Venture Philanthropy versus Private Financing? Advantages § Charity aims don’t keep changing § Financial return is not the priority § Charities are well informed & well connected § Charity backing gives a company good PR Disadvantages § Cultural differences may lead to tensions § Conflicts of interest can be tricky to manage § Shareholders need to understand the implications

Value of Philanthropic funding? “Increase number of scientists who can translate drug discoveries into Value of Philanthropic funding? “Increase number of scientists who can translate drug discoveries into effective new medicines” “One proven route to [drug discovery] is innovation forged through synergistic industrial-academic collaborations” “Enhance drug R & D efforts in non-profit institutes”

Funding in Europe (inc. R. of Ireland) • Strategic mode • Institutions/registered company • Funding in Europe (inc. R. of Ireland) • Strategic mode • Institutions/registered company • SDDI – follow usual route • Translation award – invite only

Strategic Translational funding Ireland • Core to the Trust’s own initiatives and objectives • Strategic Translational funding Ireland • Core to the Trust’s own initiatives and objectives • Exceptional science • Trusts investment is of the order necessary to achieve programme goals thus no financial ceiling (within reason!) • Co-funding is welcome • Invite only (except SDDI) • Funding meetings approximately every 12 weeks • No small-molecule therapeutic programmes • Work in partnership with the Trust to achieve the commercial translation of targeted technologies

Key Criteria • • • Ultimate healthcare benefit and impact Scientific rationale and evidence Key Criteria • • • Ultimate healthcare benefit and impact Scientific rationale and evidence Competitive advantage / differentiation Downstream feasibility, risks identified Background assets and new assets for exit Competencies and skills for implementation

Typical Process Preliminary Application: Invitation Full application Risk analysis Scientific / Technical Expert Opinions Typical Process Preliminary Application: Invitation Full application Risk analysis Scientific / Technical Expert Opinions IP / Legal Milestones Patent position Commercial Strategy Due Diligence Regulatory Business Tech Transfer Challenge Committee (TA) Tech Transfer Strategy Panel (STA)

Application should have. . …. feasibility, team, market . . feasibility, validation Risk Technical Application should have. . …. feasibility, team, market . . feasibility, validation Risk Technical …. timings, content, suitability …. awareness, preparation Milestones Regulatory Full Application …. current assets, potential new IP …. informing clinical practice Clinical IP …. competitive advantage, opportunity Commercial Business …. model, revenue generation, further funding requirements

The Seven Deadly Sins • Poor project plan • Lack of key expertise/experience • The Seven Deadly Sins • Poor project plan • Lack of key expertise/experience • Unclear competitive advantage • Unrealistic commercial exit • • • Under-resourced project Major product development hurdles Weak scientific rationale

“A few misconceptions” “……you won’t fund companies” Wrong - >£ 35 M committed since “A few misconceptions” “……you won’t fund companies” Wrong - >£ 35 M committed since 2003 with approximately 50: 50 academia: company settings “……of course the Trust will want to have some ownership of IP arising from the project” No. The IP is owned by the university or company. “…. you only fund projects arising from Trust funded research” No. We look to fund the best projects from any background “. . only interested in Biology” Wrong. Technology Transfer has a history of funding projects ranging from computation through to devices

Irish projects funded to date Jim Mc. Laughlin John Anderson Louise Kenny Phil Baker Irish projects funded to date Jim Mc. Laughlin John Anderson Louise Kenny Phil Baker Neil Frankish Liam Marnane

Devices Vital Signs Monitor Objective Vital. Sens Vital Signs Monitor for hospital use Team Devices Vital Signs Monitor Objective Vital. Sens Vital Signs Monitor for hospital use Team Jim Mc. Laughlin, John Anderson, Michael Caulfield, ST&D Features Non-invasive patient worn monitor Five Vital Signs : ECG, respiration rate, skin temperature, gait, Sp. O 2 Data transmission via hospital wireless networks

Devices Neonatal Seizure Detection Objective Development and validation of clinically robust, neonatal seizure detection Devices Neonatal Seizure Detection Objective Development and validation of clinically robust, neonatal seizure detection systems Team Liam Marnane, Geraldine Boylan, Gordon Lightbody Janet Rennie Features Signal processing system using ECG, EEG Adapt for use in neonates Clinically test – avoid complex clinical data analysis

Devices Stepwise Innovation • World’s first fully portable video laryngoscope • Pioneering Design • Devices Stepwise Innovation • World’s first fully portable video laryngoscope • Pioneering Design • Substantial Market • Existing equipment 1940’s based

Diagnostics Re-profiling platform technologies Objective The rapid and selective detection of Mycobacterium tuberculosis by Diagnostics Re-profiling platform technologies Objective The rapid and selective detection of Mycobacterium tuberculosis by field deployable thermochemolysis gas chromatograph mass spectrometry Strategic Features Space research meets tropical medicine WT had funded Beagle mission

Device Pheromone baited traps for Sand-fly vectors Objective Field feasibility trial of synthetic sex Device Pheromone baited traps for Sand-fly vectors Objective Field feasibility trial of synthetic sex pheromone analogue of Sand-flies Team Gordon Hamilton Features • High efficiency trap • Minimise spread of leishmaniasis

Device Injectable Bone Objective Translating a new concept in injectable scaffolds into a regenerative Device Injectable Bone Objective Translating a new concept in injectable scaffolds into a regenerative medicine product Team

Enabling Technology Superior Coatings Objective High throughput microarrays for discovery of polymers resistant to Enabling Technology Superior Coatings Objective High throughput microarrays for discovery of polymers resistant to bacterial colonisation Team Morgan Alexander Martyn Davies Paul Williams Bob Langer Dan Anderson Hospital acquired infections are associated with implanted medical devices and more than 80% are due to the formation of biofilms

Therapeutic Nanotechnology Objective Development of heavy tamponades in vitreo-retinal surgery Team Michael Garvey Therapeutic Nanotechnology Objective Development of heavy tamponades in vitreo-retinal surgery Team Michael Garvey

Device Spider silk technology for meniscal repair Objective Development and evaluation of a bio-resorbable, Device Spider silk technology for meniscal repair Objective Development and evaluation of a bio-resorbable, load-bearing, tissue regenerative meniscal cartilage implant Team Nick Skaer, Orthox Ltd Silkworm silk fibres are dissolved in bulk. Super strong and resilient tissue scaffolds (Spidrex® can be made by emulating spiders spinning techniques. Prototype Orthox device matches target mechanical properties and supports cell growth, osteo-inductive and shows bone deposition 8 weeks in vivo

Industry partnerships historically Industry partnerships present VC-backed biotech past years Target Discovery Functional genomics Industry partnerships historically Industry partnerships present VC-backed biotech past years Target Discovery Functional genomics Proteomics In vitro / in vivo disease association 3 -9 months Assay Development 6 -12 months ‘Hit to lead 12 -24 months Lead Optimisation 1° and 2 ry assay development Medicinal chemistry optimisation Screening strategy Biochemical / ADMET assays Structural genomics In vitro / in vivo pharmacology 12 months Pre-clinical Evaluation IND filing Pharmacokinetic / dynamics Toxicology package Process development Small scale GMP manufacture “To develop drug-like, small molecules that will be the springboard for further R & D by the biotech and pharmaceutical industry in areas of unmet medical need”

Seeding Drug Discovery Portfolio Emerging Small Molecule Drug Discovery Portfolio Seeding Drug Discovery Portfolio Emerging Small Molecule Drug Discovery Portfolio

Drug Discovery New Drug: Old Target Objective Development of highly selective β-1 adrenoceptor antagonists Drug Discovery New Drug: Old Target Objective Development of highly selective β-1 adrenoceptor antagonists for therapeutic application in patients with concomitant respiratory and cardiovascular disorders Team Jillian Baker β-blocker β 1 β 2 Steve Hill Nebivolol 14. 1 Barry Kellam Bisoprolol 13. 5 Atenolol 4. 7 Peter Fischer Metoprolol 2. 3 Labetalol 2. 5 Propranolol 8. 3 Timolol 25. 7 β-agonists Salbutamol 28. 8 Salmeterol 2818. 4

The Problem and the Market “In 2004, total U. S. sales of beta blockers The Problem and the Market “In 2004, total U. S. sales of beta blockers were approximately $1. 9 billion, a 20% increase over 2003 sales. The market leader is Astra. Zeneca’s Toprol XL (metoprolol). Total U. S. sales of Toprol XL in 2004 were approximately $1. 2 billion” If 1% population should be on a b-blocker but cannot be because of side effects = $ 190 million in sales (2003 data) BUT… Will market use the product? Pharma Longevity of safety and efficacy data

Translation funding to date Input Output 180 projects supported Range: £ 25 K - Translation funding to date Input Output 180 projects supported Range: £ 25 K - £ 11. 2 M £ 229 million committed £ 419 million leveraged 10 exits via M&A/listing or licensing 6 products launched

Dr Fiona Mac. Laughlin Senior Business Analyst Technology Transfer Division (t) +44 (0)20 7611 Dr Fiona Mac. Laughlin Senior Business Analyst Technology Transfer Division (t) +44 (0)20 7611 8310 (e) f. maclaughlin@wellcome. ac. uk

Funding Mechanisms Managing Wellcome Trust-funded Intellectual Property: Revenue/Equity Sharing Funding Mechanisms Managing Wellcome Trust-funded Intellectual Property: Revenue/Equity Sharing

Funding Terms and Conditions • ACADEMIA – Funding Agreement aligning with principles of Grant Funding Terms and Conditions • ACADEMIA – Funding Agreement aligning with principles of Grant conditions – Trust leads on exploitation of commercialisable assets • SME – Unsecured Convertible loan (Equity conversion at 20% discount to next professional investment round) – Repayment options at Trust discretion (LIBOR + 2%) • PHARMA – Milestone / royalties based deals – Step in rights to ensure achievement of charitable mission • OTHER (based on circumstance) – Bespoke

Key Aims of IP Management • Achieve health care benefits • Promote & Maintain Key Aims of IP Management • Achieve health care benefits • Promote & Maintain supportive environment for future biomedical research - Encourage open & innovative approach - Partnerships of funders, scientists, institutions and companies

Managing IP from Trust Grants • Wellcome Trust IP Policy & Grant Conditions • Managing IP from Trust Grants • Wellcome Trust IP Policy & Grant Conditions • IP to vest in Host-Institution / University • Systems for identifying and managing IP • Incidental private benefit only • Appropriate way to achieve public benefit? – Case-by-case – IP protection? : Patent filing – Unprotected access? : Publication of research results – Need to attract follow-on R&D funding? (VCs; Pharma) – No reputational risk to Trust

Revenue / Equity Sharing • Trust sole funder: revenue / equity share applies to Revenue / Equity Sharing • Trust sole funder: revenue / equity share applies to the total gross income / equity received • Trust not sole funder: revenue / equity share applies pro-rata to gross income / equity received taking into account: – Inventive contribution of inventors – Proportionate funding contributions of Trust, Institution and third party funders – Importance / value of respective funding contributions to the deal

Dr Fiona Mac. Laughlin Senior Business Analyst Technology Transfer Division (t) +44 (0)20 7611 Dr Fiona Mac. Laughlin Senior Business Analyst Technology Transfer Division (t) +44 (0)20 7611 8310 (e) f. maclaughlin@wellcome. ac. uk