The Business of Physics Or how your research in astronomy and space science could have wider economic impact Nathan Hill STFC Knowledge Exchange Service 24 th August 2007, Durham
Contents Introduction It’s not all about research Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
st Sun Headline – 1 November 2006 (fake) BIG BANG TO BIG BUST! Astronomers from STFC save New York from dirty bomb attack
Independent Headline – st November 2006 (fake) 1 UK Astronomers deal a punch to Al. Quaedah protect citizens from ‘dirty ; bomb’ threat in subway - Handheld “INTEGRAL” space telescope key to protection - Southampton spinout company doubles in size - Smiths plc shares up 17% on $222 m order - STFC Chief Executive Keith Mason gets 20% extra funding for astronomy and space science Inside: Why UK support for ESA missions pays dividends
ESA Knowledge Transfer Case Study Gamma Astronomy to Homeland Security §STFC and ESA have supported technology for gamma astronomy for over 40 years §This and further support for two STFC/RSE Enterprise Fellowships led to the formation of Symetrica in 2002 §In November 2006, Smiths Detection announced a $222 m contractfor handheld radiation instrumentation for the US Department of Homeland Security for dirty bomb detection §Each instrument incorporates Symetrica detectors and electronics A gamma-ray burst Credit: PRC 99 -09, STSc. I OPO, A. Fruchter (STSc. I) and NASA Gamma-ray Detector: credit Smiths Detection
Contents Introduction It’s not all about research Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
What will you do after your Ph. D? 1. 2. 3. 4. 5. Postdoctoral research Work in the city, or as a lawyer or consultant Work in industry including IT Go into teaching Not sure yet
It’s not all about research Destinations of STFC Ph. D students 1. 8. 05 – 31. 7. 06
Industry & Commerce PPARC study 2003 Financial Services: 24% Business Services: 24% Information Technology: 29% Manufacturing: 13% Other: 10% + add public sector jobs in MOD, Do. H etc NB 7% are self-employed
Physics in the outside world Skilled people who have learned how to think Physics-based industry Technologies and techniques Importance of fundamental discovery
Contents Introduction It’s not all about research Physics in the outside world Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
Knowledge Exchange and its vectors Knowledge Exchange involves the transfer of people, skills, Intellectual Property, money and infrastructure towards a project goal. Vectors include: - Spinout - Licence - Collaborative Research & Development - Consultancy - Secondment
Contents Introduction It’s not all about research Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
STFC Industry Engagement Strategy Spread technologies to broader market areas: – Through industry & interdisciplinary collaborative research – By supporting entrepreneurial activity in our community Support UK academic and industrial leadership in the STFC programme through Programme Technology Development
Engagement with Industry Technology Capability Enhancement Programme Construction Contracts Knowledge Transfer Opportunities §Science & Innovation Campuses §Brokering & Entrepreneurship – KITE Club §Commercialisation – CLIK
Contents Introduction It’s not all about research Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
What makes a good proposition? For Venture Finance investment: - Team Substantial Market Potential for Market Disruption Intellectual Property Business Model
What makes a good proposition? I assess: - Team Market / Economic Impact Technology Maturity Objectives / Strategic Fit Project Vector / Business Model Finance Contractual
Contents Introduction It’s not all about research Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
STFC’s Networking Clubs STFC KITE Club – Established business network includes defence, security, aerospace, life sciences, healthcare, IT sector activities – Team of Knowledge Exchange Advisors and brokering workshop programme Sensors & Instrumentation KTN – The UK Sensing and Instrumentation Network – We focus on the Instrumentation industry and the scientific Research Facilities market – Aims to provide industry with a joined-up approach to the market for Research Facilities
The STFC Knowledge Exchange Service Help from Knowledge Exchange Advisors for partnerships, projects and funding Sector support: – Healthcare & Life Science Technology – Security, Defence, Aerospace & Space – IT, Software and Electronics – Instrumentation & Research Facilities – Plus others – e. g. computer games, financial services Events programme Publicity and technical publications – KITE Club web site – KITE Club newsletter / Technology & Industry News Support for entrepreneurship – Individual support – Funding and skills Strong links with other Council activities
The STFC Knowledge Exchange Service Introduction It’s not all about research Physics in the outside world Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
Spinouts and Entrepreneurship Support from Knowledge Exchange Service Follow-on Fund UK Research Councils’ Business Plan Competition STFC/RSE Enterprise Fellowships European Special Applications Fund Rainbow Seed Fund
Recent Corporate Transactions Imense (July 2007) Mini-PIPSS leads to £ 575 k angel finance e-business: Image classification and search Technology development supported through £ 60 k mini-PIPSS with Prof. Andy Parker, Cambridge University HEP & e-science Centre. Alex Efimov developed this project through the CERN PSRE 2 activity, introducing Cambridge Ontology to Grid technology through a CERN Grid brokering meeting in May 2006. Particle Physics / e-Science – Cambridge / CERN “We finally signed a favourableinvestment deal on Tuesday…This would not have happened without our mini. PIPSSproject” David Sinclair, CEO Imense
Recent Corporate Transactions Geomerics(July 2007) Enterprise Fellowship leads to £ 2. 0 m VC Games industry (after earlier £ 0. 5 m round and £ 150 k Technology Programme grant) We encouraged Chris Doran to apply for an Enterprise Fellowship and the formation of Geomerics resulted. We introduced Chris to BAE Systems at the Filton Advanced Technology Centre and to games industry players at a brokering meeting. Astrophysics - Cambridge Positioning Systems (January 2007) $35 m trade sale to CSR plc Telecommunications Prof. Peter Duffett-Smith founded CPS in 1999. Much has been written about the origination of this mobile tracking technology in radio astronomy. CSR purchased CPS to add positioning capability to its mobile Bluetooth devices. Radio Astronomy - Cambridge
Collaborative Research & Development PIPSS – £ 175 k/year (FEC) for 2 year partnerships (exceptionally 3 years) – £ 110 k (FEC) for mini-PIPSS pilot projects (<1 yr) Discipline Hoppers (with MRC) Knowledge Transfer Partnerships
A recent PIPSS Award: University of Leicester & Forensic Science Service £ 200, 000 PIPSS award From planetary imaging & image analysis to trace evidence identification (e. g. blood, semen, bruises, fibres, and paint flecks) Core techniques are multi / hyperspectral imaging and image analysis Building the partnership 9 months From application to award 9 weeks Research project 14 months Time to market ~3 years Images: Mars ©ESA 2007, Forensic Science Crown Copyright
Application target in proposed projects Aerospace Music Information Retrieval Algorithmic Trading Navigation Cardiovascular Neonatal Disorders Cell Imaging Nuclear Collision Avoidance Oncology Dentistry Optometry Forensic Science Project Management Hydrate analysis Spacecraft Charging Image search Surveillance Instrumentation Telecommunications MEMS Telescopes Microsatellites Text search & mining Mineral Exploration
The STFC Knowledge Exchange Service Introduction It’s not all about research Physics in the outside world Knowledge Exchange and its Vectors STFC Industry Strategy and Knowledge Exchange activity What makes a good proposition? The STFC Knowledge Exchange Service and how we help Support for Enterprise Support for Collaborative R&D Summary Contacts
Summary & Contacts Your research is important But it may also have external value and this is important too -Fundamental discovery -Technologies and techniques Impacts -Your career prospects -The UK and world economy -Funding for STFC research Remember the ‘soft’ aspects of teamwork / collaborative projects Support is available from your University / Institute and the STFC Knowledge Exchange Service
Summary & Contacts: - Your Ph. D supervisor - Your University / Institute Technology Transfer Office - The STFC Knowledge Exchange Service Nathan Hill +44 (1223) 422405 nathan. hill@stfc. ac. uk
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