Transforming Knowledge to Wealth Developing an Innovation and an Entrepreneurship Continuum at the University of Auckland APRU: Presentation - March 2005

Transforming Knowledge to Wealth 1950’s - NZ GDP per Capita # 3 in world Agricultural commodities based exporter Slippage - “3 rd to 30 th in 30 years” NZ - Develop a knowledge based economy University - convert from isolated academic ivory tower to revving engine of economic growth

Transforming Knowledge to Wealth Create Knowledge Increase Research Tech Transfer Capability Sound IP Policies Commercially astute T.T.O. Instill Appropriate Moral Imperative to transfer knowledge quickly – “Third Stream” Culture Instill a culture of Enterprise and Entrepreneurship Create Appreciation Teach the Basics of Business of Business Encourage awareness of commercial realities Entrepreneurial Role Models Introduce Entrepreneurs to inspire and mentor Create Networks Internal – “Intra” and “inter” faculty External – General and Industry Specific - International Platform to Develop Business Plan Competition Business Skills Mentors Nurturing Environment Assist with Business Plan and Proof of Concept Incubation Capability – Premises/Infra-structure/mentors Funding Proof of Concept, Pre-Seed, Seed Funds Angel Networks / V.C. Funds On-going Development Infrastructure to support/educate for on-going growth