Technology Transfer from the University of Oxford Gurinder

Technology Transfer from the University of Oxford Gurinder Punn & Rakesh Roshan

Isis Innovation Ltd A company 100% owned by the University of Oxford Technology Transfer IP, Patents, Licences, Spin-outs, Material Sales, Seed Funds, Isis Angels Network Oxford Expertise Consulting, Services Isis Consulting Business Technology Transfer and Innovation Management

Isis Innovation 2000 - 2009

Intellectual Property Policy • University claims ownership of all employees’ and students’ IP rights resulting from University research activities • The University assists those researchers who wish to commercialise their research • by patenting, licences, spinout companies & consultancy • Researchers share the benefits • Royalty shares from licences • Equity in spinout companies • Income from personal consultancy

Steps to Commercialisation Disclosure meeting IP forms & Invention record Market research IP protection Patents, copyright, database right Research Services Due diligence University assigns IP to Isis Yes? Type of deal? Negotiate terms Legals Finalise deal! No? Understand why: more research needed? reposition Commercial interest Marketing

Licensing • Choosing licencees: Need, Intent and Budget • Licensing technology to industry: fosters new industrial links for the research group • Negotiating appropriate deal terms and passing royalties back to the University for distribution to the Researcher, Department and University

Versatile Microwave Amplifier License £ 50 X 10, 000 = £ 0. 5 m

Technology Licensing • Licensing out of University of Oxford Intellectual Property Rights • Isis currently manages 1, 320 Patents & Patent Applications; and 330 active licensing deals • Technologies marketed to Oxford Innovation Society Members and then other companies • Licence partners selected on • Resources and intent to develop technology to market • In healthcare, awareness of access of final products to developing countries • Exclusive & Non-exclusive, Geographical Territory and Technology Field controls • Fees, milestones, running royalties appropriate to technology and marketplace • Royalties • Patent budget £ 2. 5 m per annum & royalties • Isis pays patent costs & recovers these from royalties Total net revenue Researchers personally to £ 72 k 61% to £ 720 k 31. 5% over £ 720 k 15. 75% University Department Isis General Funds Innovation 9%* 0% 30% 21% 17. 5% 30% 28% 26. 25% 30% * pays National Insurance employment tax

Spin-out Companies Occasionally a spin-out can be a more appropriate route to commercialisation as opposed to a licensing agreement Successful spin-outs involve: • • Significant time and effort Business and management skills Legal responsibilities which are potentially onerous A measure of luck

Oxford Spin-outs (post 2000) Total external investment to date in 56 spin-outs since 2000: £ 268 m £ 38 m 1 st round Seed/Business Angels – average amount invested £ 850 k; 1/3 rd > £ 1 m invested. £ 230 m follow-on Venture/Institution Capital * stock exchange listing

The Opportunity Enough pipes and cables below ground in Britain to stretch to the Moon and back 10 times.

Ox. Em. S Solution Ox. Em. S Limited offers a low cost, versatile and accurate solution for managing underground assets such as pipes and cables. Lead academic Prof David Edwards - Engineering Science Department.

Bar Coding Tx Rx (ISIS Innovation, 2009)

Oxford Photovoltaics Limited – Hybrid organic and inorganic • All “green technology” similar to photosynthesis. • Screen printing process compatible with glass manufacturing. • Wide range of colours and transparency options. © Oxford Photovoltaics Ltd. - Confidential

Ox. EMA: MRI Quality Images at the price of Ultrasound Calcium carbonate nodule Simultaneous Ultrasound and EMA image of a kidney: Calcium Carbonate nodule inclusion

Academic consultancy at Oxford • The University’s strategic objective of engaging with society recognises that consultancy complements teaching and research • Researchers may undertake up to 30 days of personal consultancy per year • The University has statutes and guidelines governing researchers’ personal consultancy activities (e. g. approval & conflict of interest) • The University endorses OUC as the preferred route for researchers to manage their consultancy activity… http: //www. admin. ox. ac. uk/rso/consultingactivity/

OUC - purpose Purpose: To provide a University endorsed service to researchers and departments to support their external consultancy & services work.

OUC - benefits Benefits: • Protecting your interests by aligning expectations and managing all contractual, IP & legal issues • Providing you with insurance cover • Negotiating & securing for you competitive rates & terms • Addressing Governance requirements – University approval, conflicts of interest checks • Handling client invoicing, consultant payment & client debt collection • Helping to identify and develop consultancy opportunities through our strategic client relationships & support tender requests Protecting interests & developing opportunities…

Helping external clients • Acting as a gateway to the University - identifying for clients the right expertise or service to address their challenges & requirements • Enabling clients to contract with a limited company & providing a professional administrative front end (ISO 9001) • Providing reassurance that contractual & governance issues are addressed: • Single point of contact throughout the lifecycle • Protecting interests – commercial confidentiality & IP ownership • University approval, conflicts of interest & insurance

Invoicing, fees & payment • OUC invoices clients & chases debt, if required • We charge a management fee of 15% of invoiced fees • Fees can be disbursed, either: • Directly to academics as ‘self-employed’ consultants or • To a departmental cost centre

Clients across all sectors • OUC counts amongst its clients: • • Astra Zeneca BASF Bayer Schering Pharma BBC Capgemini Glaxo. Smith. Kline Microsoft • • National Audit Office Novartis Becton Dickinson Qinetiq Sharp Laboratories of Europe UN Development Programme Unilever

Consultancy Examples • Expert Witness • Discrete Problem Solving • Technical Due Diligence • Blue Sky Thinking • Quality Assurance • Literature Reviews • Departmental Services

Contact details Oxford University Consulting Isis Innovation Ltd Ewert House Ewert Place Summertown Oxford OX 2 7 SG Gurinder Punn T: 0044 1865 280826 F: 0044 1865 280828 E: gurinder. punn@isis. ox. ac. uk www. isis-innovation. com/consulting/index. html