Embargoed till delivery Please check against delivery WELCOME ADDRESS BY DR LILY CHAN, CEO NUS ENTERPRISE AT THE TECHNOLOGY COMMERCIALISATION FORUM 2008 21 November 2008, 9.00am Suntec Singapore International Convention & Exhibition Centre Dr Tony Tan, Chairman National Research Foundation, Dr Jon Soderstrom, President AUTM, Ladies and gentlemen, Good morning. About TCF 2008 It gives me great pleasure to welcome everyone to the Technology Commercialisation Forum 2008, or TCF in short. This is the fourth year that our NUS Industry Liaison Office is organising this event. This year, I am pleased to note we have brought together the largest number of participants and partners. – a great testament that such a Forum brings great interests and value to our participants and partners, whether they are researchers, industry, investors, academia or entrepreneurs. Gathered amongst our audience today are international thought-leaders and stakeholders, some who travelled to Singapore, to discuss the latest trends and issues facing technology commercialisation in Asia. Our theme this year for TCF 2008 is “Innovations for a Better World”. A forum like TCF 2008, facilitates discussions amongst stakeholders on the commercialisation of technologies and research into new products and services, - creating a better world for everyone. Research to Market platform Collaborations are a vital component in technology transfer. To continue to sustain such discussions, and collaborations, we are launching the Research to Market platform today. Also known as R2M, this platform will bring together stakeholders, such as yourselves - the inventors, collaborators, venture capitalists, technology managers and other individuals that are involved in technology commercialisation. These are the relationships that will bring academic innovations to the marketplace. Through both the R2M webportal and R2M organised events, we hope to increase the rate at which new innovations and technologies are made known and available to the industry. To do this, NUS Enterprise proactively approaches and engages the industry, while at the same time, creates opportunities for industry players to learn more about technologies being developed by NUS innovators and inventors. The overall intent is to encourage the translation of research and technologies into commercialisable products and services. Initially, R2M will focus on three key areas: Biomedical Sciences, Environmental & Water, and Interactive & Digital Media. However, moving forward this will evolve, as more parties get interested in the platform. Polytechnic and Tritech signings What is a R2M activity? It includes any activity that reinforces the art of collaborations, and the relationships that can bring academic innovations to the marketplace. For example, I am proud to announce that NUS will sign 2 agreements later this morning and these are examples of R2M activities. The first master research collaborative agreement with the five polytechnics, Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore Polytechnic and Temasek Polytechnic. And the second is a separate MOU with industry player Tritech Group Limited. The master research agreement with the polytechnics brings the symbiotic partnership in technology commercialization between NUS and the polytechnics to the next level. The polytechnics have always had a close working relationship with the industry and play a crucial role in bringing innovative technologies downstream to meet the needs of the industry. NUS and the polytechnics have worked together in a number of successful partnerships in the past that have brought critical capabilities and technologies into the industry. For instance, the NUS Faculty of Engineering collaborated with the Singapore Polytechnic’s Centre for Biomedical and Life Sciences, to develop a biaxial bioreactor. This bioreactor is an improvement over existing technologies and enables the growth of tissue cells in a better controlled environment. This will help advance research in the field of tissue engineering. NUS has also seen through many successful partnerships with industry in the past. For example, an NUS-Kikkoman partnership created new flavours in soy sauce. Through a joint R&D laboratory between NUS and the Kikkoman Corporation, 2 interesting new flavours have emerged – Kikkoman with Ginseng and Kikkoman with Honeysuckle Flower. We hope to see more of such technology commercialisation success stories, as the R2M network establishes itself as a key component in Singapore and the region’s technology commercialisation efforts. Conclusion TCF has become a key event in developing academic entrepreneurship within Singapore and Asia. This year, TCF is also one of the anchoring activities within Global Entrepreneurship Week, which started on last Monday and will run till this coming Sunday. Our sponsors have made TCF 2008 possible. I would like to thank all our sponsors, who are now listed on the screen behind me. My thanks also go out to the supporting organisations, AUTM, the World Intellectual Property Office, IP Academy, Ministry of the Environment and Water Resources, Nanyang Polytechnic, Singapore Polytechnic and Temasek Polytechnic. I also take this opportunity to wish everyone an interesting and fruitful discussion ahead, during the next two days of the 2008 Technology Commercialisation Forum. Thank you.