Cambridge Enterprise: Services to industry and academia CamBridgeSens 6 th November 2013 Julian Peck, Technology Associate Cambridge Enterprise Limited, University of Cambridge

Innovation and the University’s Mission The mission of the University of Cambridge is to contribute to society through the pursuit of education, learning, and research at the highest international levels of excellence.

Cambridge Enterprise Mission “Cambridge Enterprise exists to help University of Cambridge inventors, innovators and entrepreneurs make their ideas and concepts more commercially successful for the benefit of society, the UK economy, the inventors and the University”

Cambridge Enterprise Group Companies University of Cambridge Cambridge Enterprise Limited Cambridge University Technical Services Limited

Models of knowledge transfer - policy and practice Knowledge transfer may be achieved through various means. The models can be described as follows. Practice is often a combination of these: Open Science – open innovation, open source, rights made publicly available Collaborative – rights owned by university, research sponsors or inventor Consultancy – paid for by client, rights usually transferred to client Licensing – rights owned by university but transferred to third party for commercialisation Venture Creation – facilitating, including funding, companies to take innovations forward with rights to innovations being transferred to the new company

Models of knowledge transfer - policy and practice Knowledge transfer may be achieved through various means. The models can be described as follows. Practice is often a combination of these: Open Science – open innovation, open source, rights made publicly available Collaborative – rights owned by university, research sponsors or inventor Consultancy – paid for by client, rights usually transferred to client Licensing – rights owned by university but transferred to third party for commercialisation Venture Creation – facilitating, including funding, companies to take innovations forward with rights to innovations being transferred to the new company

Cambridge Enterprise Group

Cambridge Enterprise services for University include: 1. Technology Transfer Services: Services include invention disclosure management; patent strategy, filing and maintenance; proof of concept funding; research reagents transfer; intellectual property licensing and contract management; income distribution and bespoke marketing. 2. Consultancy Services: Services include support for University of Cambridge staff and research groups wishing to provide expert advice or facilities to public and private sector organisations worldwide. This includes negotiation of contract terms, assistance with costing and pricing, formal arrangements for use of University facilities, invoicing, debt collection and income distribution. 3. Seed Funds Venture Services: Services include access to capital and expertise via Cambridge Enterprise Seed Funds and Investment Committee, angel and early stage investors through Cambridge Enterprise Venture Partners, equity portfolio management, business planning, mentoring, surgeries, marketing, technical and IP feasibility programmes. Finance & Operations and Marketing teams provide support to all three business units.

IPR policy background When: New policy adopted in December 2005 Why: Clarity regarding ownership Provide some uniformity regardless of funding source Safeguard individuals’ interests (e.g. student/supervisor relationship) Be explicit about rights of academics Recognise obligations to funders Avoid joint ownership

University IP Ownership Always subject to the terms of any funding agreements: Column A Academics, sponsored students and student co- inventors Column B Self-funded students not co-inventors with Column A, who have made no use of University facilities Registrable IP eg patents and trademarks University has initial right to file Student owns Non-registrable IP eg copyright Academic / student ownsStudent owns

University revenue sharing from licensing technology Net Income (opt in)Inventor(s)Department(s)University First £100,00090%5% Next £100,00060%20% Above £200,00034%33% Net Income (opt out) Inventor(s)Department(s)University First £50,000100%0% Above £50,00085%7.5%

Patent Process File UK application (priority date) (Approx £3,000-£6,000) File Patent Cooperation Treaty application Publication 12 months Searches and ordinary examination months (Cost £5,000 approx) (Cost £3,000 approx) National filings (Approx £ per territory) Further examination (Cost from £5,000) National patents granted (Annual Fees £100s) 30 months 18 months

Consultancy – University of Cambridge Policy Academics may consult through 2 mechanisms: Members of the Clinical School carrying out private medical practice work (post 2000): May receive fees personally No more than one NHS session (one half day) per week Should use CUTS (Cambridge University Technical Services Ltd (CUTS) is a VAT registered trading company, wholly owned by Cambridge Enterprise which is in turn wholly owned by the University of Cambridge) CUTSPRIVATE Profession contract negotiation and fee collection supported by legal and insurance services Cover from University’s professional indemnity and liability insurance Private insurance cover for a min of 6 years after contract completed Use UoC address and affiliationHome address and use of personal letterhead Use of UoC facilities (FEC costing) Time commitment a matter for individual and their Head of Department University staff performing work in a private capacity do so entirely at their own risk and must make a clear distinction between private work and their University duties

Follow-on-Funding Open Campus Welcome all sources of capital onto campus Cambridge Angels Cambridge Capital Group Cambridge Enterprise Venture Partners Cambridge Innovation Capital £50m fund initially Invest in “Cambridge” companies Strong investment advisory group

Engaging with Cambridge University Cambridge Innovation Fellowship Industry Forum Research Collaboration Collaborative Centre (eg CSIC) Student projects Student scholarships and prizes Visiting researcher IfM workshops, eg Technology roadmapping Sponsoring events Executive Education – Judge Business School and Institute for Manufacturing Embedded industrial partners Graduate recruitment – University Careers Service Student initiatives – CUTEC, CUE and the CU Enterprise Network

Cambridge Innovation Fellows Network of international business leaders to support knowledge exchange about innovation Opportunity for business leaders to interact with cutting-edge research base to help generate responses to complex business challenges Take back new insights, fresh perspectives and enduring links into Europe’s leading innovation ecosystem, the so-called “Cambridge Phenomenon” To build enduring connections between researchers, entrepreneurs, and major corporate decision-makers Modelled on University’s Policy Fellowships Programme 12 new innovation Fellows elected each year starting October 2013, each for a period of two years Run jointly with Centre for Science & Policy. Contact

Industry Forums

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