1. 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

2. 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

3. Sun Headline – 1 st November 2006 (fake) BIG BANG TO BIG BUST! Astronomers from STFC save New York from dirty bomb attack

4. Independent Headline – 1 st November 2006 (fake) 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 $222m order - STFC Chief Executive Keith Mason gets 20% extra funding for astronomy and space science Inside: Why UK support for ESA missions pays dividends

5. 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 $222m contract for 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: PRC99-09, STScI OPO, A. Fruchter (STScI) and NASA Gamma-ray Detector: credit Smiths Detection

6. 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

7. What will you do after your PhD? 1.Postdoctoral research 2.Work in the city, or as a lawyer or consultant 3.Work in industry including IT 4.Go into teaching 5.Not sure yet

8. It’s not all about research Destinations of STFC PhD students 1.8.05 – 31.7.06

9. Industry & Commerce PPARC study 2003 Financial Services: 24% Business Services: 24% Information Technology: 29% Manufacturing: 13% Other: 10% + add public sector jobs in MOD, DoH etc NB 7% are self-employed

10. Physics in the outside world Skilled people who have learned how to think Physics-based industry Technologies and techniques Importance of fundamental discovery

11. 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

12. 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

13. 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

14. 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

15. Engagement with Industry Technology Capability Enhancemen t Programme Construction Contracts Knowledge Transfer Opportunitie s  Science & Innovation Campuses  Brokering & Entrepreneurship – KITE Club  Commercialisation – CLIK

16. 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

17. What makes a good proposition? For Venture Finance investment: - Team - Substantial Market - Potential for Market Disruption - Intellectual Property - Business Model

18. What makes a good proposition? I assess: - Team - Market / Economic Impact - Technology Maturity - Objectives / Strategic Fit - Project - Vector / Business Model - Finance - Contractual

19. 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

20. STFC’s Networking Clubs STFC KITE Club –Established business network includes defence, security, aerospace, space, 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

21. 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

22. 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

23. 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

24. Recent Corporate Transactions Imense (July 2007) Mini-PIPSS leads to £575k angel finance e-business: Image classification and search Technology development supported through £60k mini-PIPSS with Prof. Andy Parker, Cambridge University HEP & e-science Centre. Alex Efimov developed this project through the CERN PSRE2 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 favourable investment deal on Tuesday…This would not have happened without our miniPIPSS project” David Sinclair, CEO Imense

25. Recent Corporate Transactions Geomerics (July 2007) Enterprise Fellowship leads to £2.0m VC Games industry (after earlier £0.5m round and £150k 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 Cambridge Positioning Systems (January 2007) $35m 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

26. Collaborative Research & Development PIPSS –£175k/year (FEC) for 2 year partnerships (exceptionally 3 years) –£110k (FEC) for mini-PIPSS pilot projects (<1yr) Discipline Hoppers (with MRC) Knowledge Transfer Partnerships

27. 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 / hyper- spectral 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

31. AerospaceMusic Information Retrieval Algorithmic TradingNavigation CardiovascularNeonatal Disorders Cell ImagingNuclear Collision AvoidanceOncology DentistryOptometry Forensic ScienceProject Management Hydrate analysisSpacecraft Charging Image searchSurveillance InstrumentationTelecommunications MEMSTelescopes MicrosatellitesText search & mining Mineral Exploration Application target in proposed projects

32. 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

33. 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

34. Summary & Contacts Contacts: - Your PhD supervisor - Your University / Institute Technology Transfer Office - The STFC Knowledge Exchange Service Nathan Hill +44 (1223) 422405 nathan.hill@stfc.ac.uk