Michael Cardew-Hall - ANU - Commercialisation of world class research and innovation

Commercialisation of World Class Research

Professor Michael Cardew-Hall

Pro-Vice Chancellor (Innovation and Advancement)

The Australian National University

INNOVATION -“ideas effectively applied”

Innovation ANU

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“ The Government expects universities and research organisations to be ‘open for business’, inventing,

patenting and commercialising more. If you aren’t applying your research to the real world, think about

how to let others do it.

The industry and the research sector should work together to solve problems and adapt to change.”

The Hon Ian Macfarlane MP

Minister for Industry

Science meets Parliament – 18th March 2014

Why Innovation?

Why Innovation - University

Show

Relevance

Show Benefit

Grow Scale

Engagement

Opportunities

Influence National Research Agendas

Raise Profile

Innovation ANU

Income

Generation

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Why Innovation – Business & Industry

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Internal Barriers

Culture academic vs business

3 years vs 3 months

Values pure vs applied

publish vs patent

compete vs collaborate

Relationships grant cycle vs relationship building

academic networking vs external networking

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Innovation EcoSystem

Local

International

National

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Strategies to Engage

Start up / License SMEs Global Corporates

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Challenges

Start up / License SMEs Global Corporates

Identifying ideas - disclosure

Developing to investable state

Identifying business model

Identifying partner

Business skills/management

Funding

PoC, Seed, Venture

Business Development

Small, even the mediums

Innovation laggers

or

Way out leaders

Lean – lack of absorptivecapacity

Shorter term focus

Part of supply chain

Large complex organisation

Management of relationship

Local vs Parent

Budget cycles

Jurisdictions

Cultural Differences

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Strategies/Programs

Start up / License Capability Examples

Identifying ideas - disclosure

Developing to investable state

Identifying business model

Identifying partner

Business skills/management

Funding

PoC, Seed, Venture

Business Development

Critical mass of expertise

Faculty focused BDMs

IP management

Entrepreneurship education

Business planning competitions

Proof of Concept Funds

Seed Venture Funds

Co-working space

Incubators

Accelerator program

Business mentors networks

Precincts & Hubs

TTO & ANU Enterprise

Boot camps and seminars

Innovation ACT

Discovery Translation Fund (DTF)

Entry 29 – Co-working

Griffin Accelerator

ANU Connect Ventures

Capital Angels

ATPi - Incubator

CBR Innovation Network

Mt Stromlo Space precinct

Black Mtn Eco-systems precinct

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Strategies/Programs

Capability Examples

Access to students

Internships

Access IP

Knowledge Transfer Partnerships

Consultancies

Sponsored research

Collaborative research

Facility access

Clusters & networks

Open Innovation

Precincts

ANU Edge

Advisory committees

Linkage grants

Ford - STAMP

CRCs

Scholarships

CBR Innovation network

Open access IP

Engineering internship program

Mt Stromlo Space precinct

Black Mtn Eco-systems precinct

SMEs

Small, even the mediums

Innovation laggers

or

Way out leaders

Lean – lack of absorptive capacity

Shorter term focus

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Strategies/Programs

Capability Examples

Strategic Partnership program

Industry networks

Research Consortium

Innovation Labs

Sponsored research

Fellowships

Internships

Showcase

Local representation

European Photonics Industry

Oil & Gas Consortium

AusBio/Bio Europe

Tech Connect

US Office - network

ANU SPP

Global Corporates

Large complex organisation

Management of relationship

Local vs Parent

Budget cycles

Jurisdictions

Cultural Differences

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Case Study

Digital Rock Technology

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Micro CT technology

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Digicore Research Consortium

BG

BP

Conoco

EOG

FEI

JOGMEC

Maersk

OMV

ONGC

Petronas

PetroBras

Primarily in field of oil/gas but inclusive of all materials

research. Conventionals, Unconventionals, Carbon

Capture & Storage

• A joint industry consortium

• Established 2006

• Subscription membership

• >$1M in untied funding pa

Members

Shell

Total

Whiting

Saudi Aramco

ExxonMobil

Chevron

Schlumberger

Baker Hughes

Abu Dhabi

Onshore

BHP

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Digitalcore Pty Ltd

2009 Company founded ANU, UNSW and Researchers seed fund ($2.5M)

Prof Mark Knackstedt (CTO) and Dr Victor Pantano (GM) on leave

from ANU

Lab and office space on ANU campus

2010 Technology recognised Mark Knackstedt, ENI Award

2011 New Investment ANUCV, ANU Enterprise, ACVL , ANU and founders invest $3M – pre

money $10M

Move to off campus office – Labs on campus

Collaborative research projects with ANU

2012 Growth ANU/UNSW/Digitalcore jointly won Eureka Award

In top 60 Australian Start-ups

2013 Merger to create Lithicon

New Investment

Merge with Numerical Rocks AS

New investment ($10M) – combined pre money $24m

2014 Lithicon acquired by FEI Company sold to FEI for $76M

Deliver digital rock services to Oil and Gas Industry

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Total Returns

Financial - Sale $11M to ANU, $4M to researchers and founders

On-going License License to MicroCT technology out of field of oil & gas

Funded collaborative research Ongoing 3 way client research projects and new

technology projects

HQ and technical base HQ, Research and technology base moved to Canberra

Internships Engineering & science interns

Increasing employment

Strategic partnership Pathway for other technologies/IP

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Great Outcome !

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Why Innovation - University

Show

Relevance

Show Benefit

Grow Scale

Engagement

Opportunities

Influence National Research Agendas

Raise Profile

Innovation ANU

Income

Generation