1 COLLABORATING LEARNING START-UPS INVESTING LAUNCHING IDEAS PRODUCTS TRANSFORMING TECHNOLOGIES ACCELERATING DE-RISKING RESULTS EXECUTING INCOME RESEARCH TRIALLING PEOPLE Innovation. Realised.
20120502 NDRC Innovation Realised, Amy Neale
Oct 21, 2014
Amy Neale's presentation on Innovation Realised, Department of communications, Energy & Natural Resources
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
1
COLLABORATING
LEARNING
START-UPS INVESTING
LAUNCHING IDEAS PRODUCTS TRANSFORMING
TECHNOLOGIES ACCELERATING
DE-RISKING RESULTS EXECUTING INCOME
RESEARCH TRIALLING PEOPLE
Innovation. Realised.
Innovation. NDRC bridging the gap
2
3
Innovation. NDRC as a Nexus
5
Innovation. Realised. NDRC Results 2010-2011
6
€4.8m COMMERCIAL FOLLOW-ON INVESTMENT
1.2x RETURN ON INVESTMENT
36 HIGH-GROWTH JOBS CREATED
TRAJECTORY Upwards of 10x additional GDP from initial investment
340 PEOPLE CONNECTED
FORECAST €35m Annual Export Sales by 2016
Innovation. Realised. NDRC Investment Programmes
Innovation. Realised. NDRC Investment Programmes
Innovation. Realised. NDRC Investment Programmes
What is collaborative innovation?
Basic/ Fundamental
Research
Applied Research
Technology Transfer
Sales and Marketing
Idea Generation
Novel products and services
What is collaborative innovation?
Basic/ Fundamental
Research
Applied Research
Technology Transfer
Sales and Marketing
Universities & Research Centres Innovation Centres, Business
Incubators, & Enterprise
Idea Generation
Novel products and services
What is collaborative innovation?
Basic/ Fundamental
Research
Applied Research
Technology Transfer
Sales and Marketing
Universities & Research Centres Innovation Centres, Business
Incubators, & Enterprise
NDRC Collaborative Innovation
Idea Generation
Novel products and services
What is collaborative innovation?
Basic/ Fundamental
Research
Applied Research
Technology Transfer
Sales and Marketing
Universities & Research Centres Innovation Centres, Business
Incubators, & Enterprise
NDRC Collaborative Innovation
Idea Generation
Novel products and services
What is collaborative innovation?
Basic/ Fundamental
Research
Applied Research
Technology Transfer
Sales and Marketing
Universities & Research Centres Innovation Centres, Business
Incubators, & Enterprise
NDRC Collaborative Innovation
Idea Generation
Novel products and services
What is collaborative innovation?
Basic/ Fundamental
Research
Applied Research
Technology Transfer
Sales and Marketing
Universities & Research Centres Innovation Centres, Business
Incubators, & Enterprise
NDRC Collaborative Innovation
Technology Advances
Business Development
Idea Generation
Novel products and services
What is collaborative innovation?
Basic/ Fundamental
Research
Applied Research
Technology Transfer
Sales and Marketing
Universities & Research Centres Innovation Centres, Business
Incubators, & Enterprise
NDRC Collaborative Innovation
Technology Advances
Business Development
Idea Generation
Novel products and services
Technology Advances
Business Development
Shape of collaborative innovation
- Brings market knowledge
- May bring channel
- May bring investment
- Brings IP & Knowhow
- May bring domain expertise
- Brings commercial expertise
- Brings project management
- Brings ‘framework’ capability
- Brings investment
RESEARCH PARTNER
COMPANY PARTNER
Presenter
Presentation Notes
Each NDRC project is focused on the development of new products and services that will be ready to enter the market when the project is completed. Collaborative translational research for us is about building collaborations that look something like this, which will come as no surprise. But we have a very clear idea of what each party is bringing to the table from the outset. Researchers bring the technical IP and know how, AND they sometimes also bring domain expertise Companies bring market knowledge, and may also bring a channel to market and investment In terms of the initial idea, this can come either from the research partner or the company In terms of NDRC: Commercial expertise – a team of commercial development associates whose job is to source promising projects, and then work as a team member to secure the commercial case going forward. PLUS a hands-on board, who review project progress and help to parachute in expertise at points in the process Project management – EITHER an NDRC core project manager OR we recruit one in to the project. PLUS we use a common approach to PM, based on agile, iterative development, and using Microsoft Sharepoint as a collaborative workspace Framework capability – our secret sauce – a milestone approach that works in tandem with agile development to constantly review how far we’ve validated the idea. There’s no ‘go away and build it and tell us how you got on’ Investment – we have an investment fund of 25m. 14.2m already invested into our current portfolio of over 30 projects, from very small (3 month; 2 man band) to much larger (24 months; team of 7)
Market Dev
Tech Dev
Developing a shared vision
Project
Collaborate Execute Exit
Presenter
Presentation Notes
Once a collaboration is formed, the focus of the project is concentrate on both technology development and commercial development in tandem, and iteratively. FIRST CLICK: We seek to ensure the collaborators are focused on targeting technical development towards the creation of a product; and commercial development towards the creation of an investable business case. SECOND CLICK: When we start, we don’t know what the route for the output will be, as this is something we seek to determine through the project’s activities. But the output will definitely be focused towards either (i) a new company being incorporated to take the ouputs to the marketplace, and raising investment to do so; (ii) the project’s company partner licensing the outputs to take to market through its’ existing channels, and based on an agreed path to do so; or (iii) a licence to a third party, typically a bigger player, who demonstrates appetite and ability to generate value from the outputs and return some of this value to the project collaborators. THIRD CLICK: We have a phased process that all projects go through. Through this process they are building evidence at each stage of (i) the efficacy of the technology and its fit to the users’ needs; and (ii) the case and plan for a valuable exit.
Developing a shared vision
Project
Collaborate Execute Exit
Market Dev
Tech Dev
Business case
Product
Presenter
Presentation Notes
Once a collaboration is formed, the focus of the project is concentrate on both technology development and commercial development in tandem, and iteratively. FIRST CLICK: We seek to ensure the collaborators are focused on targeting technical development towards the creation of a product; and commercial development towards the creation of an investable business case. SECOND CLICK: When we start, we don’t know what the route for the output will be, as this is something we seek to determine through the project’s activities. But the output will definitely be focused towards either (i) a new company being incorporated to take the ouputs to the marketplace, and raising investment to do so; (ii) the project’s company partner licensing the outputs to take to market through its’ existing channels, and based on an agreed path to do so; or (iii) a licence to a third party, typically a bigger player, who demonstrates appetite and ability to generate value from the outputs and return some of this value to the project collaborators. THIRD CLICK: We have a phased process that all projects go through. Through this process they are building evidence at each stage of (i) the efficacy of the technology and its fit to the users’ needs; and (ii) the case and plan for a valuable exit.
Developing a shared vision
Project
Collaborate Execute Exit
Market Dev
Tech Dev
Business case
Product
Feasibility Core Validation Transitioning Transitioned
Presenter
Presentation Notes
Once a collaboration is formed, the focus of the project is concentrate on both technology development and commercial development in tandem, and iteratively. FIRST CLICK: We seek to ensure the collaborators are focused on targeting technical development towards the creation of a product; and commercial development towards the creation of an investable business case. SECOND CLICK: When we start, we don’t know what the route for the output will be, as this is something we seek to determine through the project’s activities. But the output will definitely be focused towards either (i) a new company being incorporated to take the ouputs to the marketplace, and raising investment to do so; (ii) the project’s company partner licensing the outputs to take to market through its’ existing channels, and based on an agreed path to do so; or (iii) a licence to a third party, typically a bigger player, who demonstrates appetite and ability to generate value from the outputs and return some of this value to the project collaborators. THIRD CLICK: We have a phased process that all projects go through. Through this process they are building evidence at each stage of (i) the efficacy of the technology and its fit to the users’ needs; and (ii) the case and plan for a valuable exit.
Developing a shared vision
Project
Collaborate Execute Exit
Market Dev
Tech Dev
Business case
Product
Feasibility Core Validation Approaching Transition
Transition
NEW CO.
PROJECT CO. PARTNER
THIRD PARTY CO.
Presenter
Presentation Notes
Once a collaboration is formed, the focus of the project is concentrate on both technology development and commercial development in tandem, and iteratively. FIRST CLICK: We seek to ensure the collaborators are focused on targeting technical development towards the creation of a product; and commercial development towards the creation of an investable business case. SECOND CLICK: When we start, we don’t know what the route for the output will be, as this is something we seek to determine through the project’s activities. But the output will definitely be focused towards either (i) a new company being incorporated to take the ouputs to the marketplace, and raising investment to do so; (ii) the project’s company partner licensing the outputs to take to market through its’ existing channels, and based on an agreed path to do so; or (iii) a licence to a third party, typically a bigger player, who demonstrates appetite and ability to generate value from the outputs and return some of this value to the project collaborators. THIRD CLICK: We have a phased process that all projects go through. Through this process they are building evidence at each stage of (i) the efficacy of the technology and its fit to the users’ needs; and (ii) the case and plan for a valuable exit.
Case study #1: LocalSocial
Presenter
Presentation Notes
LocalSocial is a collaboration between NDRC, Rococo Software and University College Dublin. The LocalSocial team worked at NDRC for 18 months during 2009 and 2010. LocalSocial is a proximity platform. What this means is making it easy to detect if you are near a person, a business or a device of interest. Near, in our world means anything from two feet to thirty or forty feet. The real value is that LocalSocial is a platform and so it serves developers and makes it easy for them to create mobile applications that can use proximity (Bluetooth; Wifi; NFC) to create apps and services. One such app is Gigmonkey, which allows you to see who from your social networks is at a gig with you, and allows you to interact with them by sharing comments and photos. Another example is tagster – which is basically proxmity twitter – the ability to share short messages with /ask questions of people on the bus or train, or at a game, or at the same conference. Location is already very popular (Facebook places; Foursquare; Gowalla); proximity isn’t – yet. In terms of what each player brings to the table: Rococo develop java/bluetooth software. Their software has shipped on over 200m phones UCD brings know how in the area of wireless and mobile R&D With NDRC, they developed this concept into patent pending technology platform which Rococo Software has licenced and is committing follow on investment to roll it out to a global market. Currently they’re in beta, and are pushing developers to use LocalSocial to give a proximity capability to their apps.
Case study #2: Metalabs
Presenter
Presentation Notes
Vlearning is a collaboration between NDRC, digital education researchers at TCD and Vrising Ltd, a virtual worlds development agency. The project is developing a tool that will allow for a specific strand of e-learning – which is ‘v-learning’, or learning through 3D virtual worlds. The output will be a virtual worlds learning management system, and the software will plug into traditional web based LMS. The team are working from the premise that a. learners of the future will expect to learn in an immersive environment and b. certain types of experiential learning can be greatly enhanced by presentation through a virtual world. Focus is on adoption in the cpd and regulatory compliance training markets, where costs of face-to-face training are high. In these sectors there has been a clear move to e-learning solutions, but these still don’t offer the ultimate solution. The team are currently focused on trialling the product. They are mid-way through a trial with Thirdforce in the UK, who currently provide non-immersive e-learning; and in June they’ll be trailling with Kanchi, with a trial that will focus on disability awareness training. 4. Integration with LMS means existing LMS content can be accessed through the Vlearning environment, and assessment and progression can also be captured and tracked. But in addition, the virtual world affords: New learning scenarios based on role play Collaborative tools such as VoIP, text chat, and document sharing Which add a new layer to learning balanced with cost savings. This project is halfway through. If you’re interested in learning more, Gary Leyden is CEO of Vrising and is here this evening and happy to talk more. 2. Key take away = in the area of CPD and corporate training which benefit from experiential and immersive learning, v-learning presents opportunities for cost saving as staff do not have to travel to instructor-led events; and the over-heads of specialist environments are reduced. But looking into the future the opportunities for v-learning extend to other learning environments including the classroom.
What do we look for?
Early stage disruptive technology ideas… …with the potential to change the world
What do we look for?
Academics with strong research outputs …
What do we look for?
… Companies with ideas for game-changing products …
What do we look for?
… Entrepreneurs with a track record
Why Catalyser?
Tried and tested framework…
Why Catalyser?
Teams are based at NDRC … … and we work as part of the team
Why Catalyser?
Investment fund… … for recruiting the team, user trials, tech dev,
customer discovery… … all the costs associated with creating successful
ventures
Why Catalyser?
Sharing risk… … to share reward
HEY YOU!
HEY YOU!
HEY YOU! …YES YOU!
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
» Are you simply bursting with ideas for a great digital startup?
» NDRC LaunchPad is seeking people like YOU to take part in our AUTUMN 2012 Programme
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
We provide great startup teams with :
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
3 months alongside other startups, innovators, researchers & investors…
We provide great startup teams with :
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
Hands-on mentoring to guide your development…
We provide great startup teams with :
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
Weekly workshops & networking with the right people…
We provide great startup teams with :
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
… and up to €20,000 pre-seed investment!
We provide great startup teams with :
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
HEY YOU! …YES YOU! » PASSIONATE GEEKS » TECH ENTREPRENEURS » STARTUP PROMOTERS
Call for proposals May 2012 Deadline for applications 6th July 2012 Pitch cycle Late July 2012 Programme starts 10th September 2012 Lift Off December 2012 Register your interest now! [email protected]
Innovation. Realised. NDRC Outcomes 2010-2011 Inventorium
9 EVENTS
54 NEW IDEAS GENERATED
20 BUSINESSES
ASSISTED
BUSINESSES MOVING TO INCUBATION
2 46
Innovation. Realised. NDRC Outcomes 2010-2011 Inventorium Catalyser
9 EVENTS
54 NEW IDEAS GENERATED
20 BUSINESSES
ASSISTED
BUSINESSES MOVING TO INCUBATION
2
27 COLLABORATORS
21 JOINT VENTURE
PROJECTS
TOTAL CATALYSER PLATFORM INVESTMENT
€14.2m
INVESTMENT LEVERAGE FROM PARTNERS
€2.4m
2 in Feasibility 3 in Core Dev’ment 4 Transitioning 7 Transitioned
47
9 EVENTS
54 NEW IDEAS GENERATED
20 BUSINESSES
ASSISTED
BUSINESSES MOVING TO INCUBATION
2
€14.2m
Innovation. Realised. NDRC Outcomes 2010-2011 Inventorium Catalyser
LaunchPad
9 EVENTS
54 NEW IDEAS GENERATED
20 BUSINESSES
ASSISTED
BUSINESSES MOVING TO INCUBATION
2
27 COLLABORATORS
21 JOINT VENTURE
PROJECTS ACTIVE
TOTAL CATALYSER PLATFORM INVESTMENT
€14.2m
INVESTMENT LEVERAGE FROM PARTNERS
€2.4m
2 in Feasibility 3 in Core Dev’ment 11 in Transitioning 3 Transistioned
START-UPS PARTICIPATING DURING THE YEAR
25 39 INDIVIDUAL
PARTICIPANTS
148 APPLICATIONS
INVESTED IN EACH LAUNCHPAD
START-UP
€20k upto
48
9 EVENTS
54 NEW IDEAS GENERATED
20 BUSINESSES
ASSISTED
BUSINESSES MOVING TO INCUBATION
2
27 COLLABORATORS
21 JOINT VENTURE
PROJECTS
TOTAL CATALYSER PLATFORM INVESTMENT
€14.2m
INVESTMENT LEVERAGE FROM PARTNERS
€2.4m
2 in Feasibility 3 in Core Dev’ment 4 Transitioning 7 Transitioned
Where to next …
49
NDRC’s mission is to create market capital by accelerating ideas to income in a sustainable, ongoing and enduring way.
50
COLLABORATING
LEARNING
START-UPS INVESTING
LAUNCHING IDEAS PRODUCTS TRANSFORMING
TECHNOLOGIES ACCELERATING
DE-RISKING RESULTS EXECUTING INCOME
RESEARCH TRIALLING PEOPLE
Web: www.ndrc.ie Email: [email protected] Twitter: @ndrc_i2i YouTube: Search ‘NDRCTube’ LinkedIn: Search ‘NDRC Group’ Facebook: Search ‘NDRC’
Related Documents
