Docstoc

The Scottish Enterprise Proof of Concept Programme Eleanor Taylor

Document Sample
The Scottish Enterprise Proof of Concept Programme Eleanor Taylor Powered By Docstoc
					        The Scottish Enterprise
        Proof of Concept Programme




                                     Eleanor Taylor
                                     Head of Programme



      EUROPE & SCOTLAND                           Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Topics



              • Scottish Enterprise:
                           Scotland’s Enterprise, Innovation and Investment Agency

              • The Scottish Enterprise Proof of Concept Programme
              • Some of our success stories
              • Reasons for PoCP success
              • Project Processes
              • Partnership
              • How to Apply


      EUROPE & SCOTLAND                                               Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Topics



              • Scottish Enterprise:

                           Scotland’s Enterprise, Innovation and Investment Agency

              • The Scottish Enterprise Proof of Concept Programme

              • Project Processes

              • Partnership

              • How to Apply



      EUROPE & SCOTLAND                                               Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Scottish Enterprise:
         Scotland’s Enterprise, Innovation and Investment Agency




         • Enterprise:
              responsive and focused enterprise support, helping growth
              companies and industries to reach their full potential

         • Innovation:
              Helping to develop new business models, products and services
              and making a better connection between our academic research
              base and companies that benefit from innovative technology

         • Investment:
              helping to create the right conditions for growth companies and
              industries to have access to property, markets and finance to
              help them grow




      EUROPE & SCOTLAND                                            Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Scottish Enterprise:
         Scotland’s Enterprise, Innovation and Investment Agency




          The following objectives will focus our activities
          where they can add most value:

         • Supporting and encouraging innovation in the companies which
              we work with, focusing in particular on account managed
              companies and priority industries

         • Improving the market demand for and exploitation of new
              licences and collaborative ventures

         • Exploiting more economic value within the Scottish economy
              from academic spin outs

         • Supporting a culture of continuous innovation


      EUROPE & SCOTLAND                                            Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Key Pillars of the Innovation Policy


                        Business Innovation                            Commercialisation

                        • Broaden innovation beyond                    • Clear line of sight to the market
                          Science and technology                       • Maximising the sunk investments
                        • New Visible Innovation Service               • Consistent SE approach
                        • Increasing the pool of “Innovative active”

                        “The successful exploitation of ideas          “Clear line of sight of market”
                         for business growth”



                        Company Building                               Innovation System

                        • Increase the scale and magnitude             • To improve the business environment for
                        • Joining up our resources                       Innovation in our key industries
                        • Build on successful high growth model        • Clear articulation of the innovation system
                        • Developing new approaches for our              gaps in our key industries.
                          existing large investments                   • Innovation is industry specific

                        “Key mechanism to deliver line of sight,       “building a sustainable innovation
                        Scale and £££”                                  system in our key industries”




      EUROPE & SCOTLAND                                                                           Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Flagship Commercialisation Initiatives



            •    Proof of Concept Programme:
                  – Supports innovative technology rooted in substantial research
                  – Demonstrable market opportunity of strategic significance
                  – Typically 2 years away from market entry
                  – Requires intensive support programme
                  – Typical investment £100,000 - £350,000

            •    Enterprise Fellowship Programme:
                  – Support for individual academic with business idea
                  – Demonstrable entrepreneurial spirit & ambition
                  – Typically 1 year away from market entry
                  – Focus on training
                  – Typical investment £50,000

            •    Focus on Proof of Concept Programme today




      EUROPE & SCOTLAND                                                             Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Topics



              • Scottish Enterprise:

                           Scotland’s Enterprise, Innovation and Investment Agency

              • The Scottish Enterprise Proof of Concept Programme

              • Project Processes

              • Partnership

              • How to Apply



      EUROPE & SCOTLAND                                               Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Scale of SE Proof of Concept Programme




            • The Programme has £79 million to commercialise academic
                 research

            • This comprises:
                   £69 million from Scottish Enterprise
                   £10 million from European Regional Development Fund




      EUROPE & SCOTLAND                                             Scottish Enterprise
European Regional Development Fund
      Investing in your future
             Success stories
             •    MTEM – providing electro-magnetic imaging for the oil and seismic exploration industry
                  goes from spin-out to sale of £179m in three years – the largest UK spinout www.pgs.com
                  (University of Edinburgh)

             •    Brinker - Based on Platelets® - an innovative technology for leak location and sealing
                  based on the human body’s own healing mechanism, on course to become a multi-million
                  pound international business www.brinker-technology.com (University of Aberdeen)

             •    D3 Technologies - secured £5m deal with Renishaw plc to form a company that will
                  revolutionize the ability to detect diseases. (University of Strathclyde)


                                     Companies spun out of PoCP have leveraged
                                        over £235 million follow-on funding.




      EUROPE & SCOTLAND                                                                Scottish Enterprise
European Regional Development Fund
      Investing in your future
             Success stories
             •    Ateeda - leading provider of mixed-signal test tools and services, recently concluded a
                  new investment of ₤750,000 with Archangel Informal Investment and the Scottish Co-
                  Investment Fund www.ateeda.com (University of Strathclyde)

             •    Spiral Gateway - fabless semiconductor chip vendor with products that will deliver new
                  levels of flexibility and performance to a key segment of the Image Signal Processing
                  (ISP) market. Secured a third successful funding round in April in the syndicate led by
                  Braveheart and including Scottish Co-Investment Fund www.spiralgateway.com
                  (University of Edinburgh)

             •    XanIC - set to become Europe's leading commercial supplier of high-frequency
                  components for applications in the telecommunications, aerospace, defence and
                  homeland security markets secured investment from the IP Group and the Glasgow
                  /Strathclyde University Synergy Fund www.xanic.co.uk (University of Glasgow)

                                     Companies spun out of PoCP have leveraged
                                        over £235 million follow-on funding.


      EUROPE & SCOTLAND                                                                   Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Reasons for PoCP Success




           • Resources for substantial funding
           • Tough due diligence with commercial focus
           • Strict budgetary and management control
           • Commercialisation support from Institution and SE
                  Project Management Groups
                  Technology Entrepreneurs
                  Steering Group (if appropriate)
           • Integrated with other Scottish support mechanisms for innovation
                and investment
           • Involvement of Globalscots


      EUROPE & SCOTLAND                                              Scottish Enterprise
European Regional Development Fund
      Investing in your future
         2001 – 2008: Changes over years




           • Used to be 1 call per year: now accelerated to 2 rounds per year

           • Rounds 1 & 2: 21% applications funded: Round 9 – 31%

           • Focus now clear on:

                        • Creating a new high-growth spin-out company based in Scotland

                        • Creating new IP licensable to and exploitable by established
                          Scottish-based businesses




      EUROPE & SCOTLAND                                                    Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Outcomes at 2008




           • Nearly 900 projects submitted
           • 217 projects funded
           • Over £41m awarded
           • Over 500 knowledge-intensive jobs created
           • 42 new high-tech companies formed
           • 44 license deals signed
           • Over £235 million post-PoCP investment leveraged




      EUROPE & SCOTLAND                                         Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Topics



              • Scottish Enterprise:

                           Scotland’s Enterprise, Innovation and Investment Agency

              • The Scottish Enterprise Proof of Concept Programme

              • Project Processes

              • Partnership

              • How to Apply



      EUROPE & SCOTLAND                                               Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Application Process




          PRE-
          PRE-                                                              DECISION &
                        APPLICATION   STAGE 1      STAGE 2    FEASIBILITY                  CONTRACT
      APPLICATION                                                            APPROVAL




                                                4 months

         Consultation phase                     Secure phase – formal communication only




      EUROPE & SCOTLAND                                                         Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Project Management Group




          •    Group comprises:
                University Project Team
                Commercialisation Contact
                Technology Entrepreneur

          •    Meet at least every 3 months to monitor progress:
                Technical
                Financial
                Commercial

          •    Facilitation Sessions –
               Map the Commercialisation Landscape
                6 months
                18 months



      EUROPE & SCOTLAND                                            Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Project Review Panel




          •    Comprises:
                Head of Programme
                Portfolio Manager
                Trusted advisers

          •    Provides oversight and monitoring to all projects:
                Scheduled major go/no-go review points
                Ad hoc reviews because of changed circumstances
                Extensions to time or funding
                Close-out meetings




      EUROPE & SCOTLAND                                             Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Topics



              • Scottish Enterprise:

                           Scotland’s Enterprise, Innovation and Investment Agency

              • The Scottish Enterprise Proof of Concept Programme

              • Project Processes

              • Partnership

              • How to Apply



      EUROPE & SCOTLAND                                               Scottish Enterprise
European Regional Development Fund
      Investing in your future
         A full Partnership Programme


                                                                                             Assessors
                                                                                             Industry experience
                                                             Media
                                                                                             Market Knowledge
                                                             General Press
                                                                                             Development needs
                                                             Broadcasting
                                                             Success Stories
                                                             International                                               ITIs
                                                             Awards Ceremonies                                           Partnerships
                                                                                         High-Growth Start-Up Unit       Foresighting      Entrepreneurs in Residence
                                                                                         Industry experience             Collaboration     Edinburgh
                                                                                         Entrepreneurial Network                           Strathclyde
                                International Advisory Board    Investment Team
                                Top-level advisers to SE        Access to financial community                                     Legal Team                 Globalscots
                                Strong influencers              Investment Products                                               Contract Law               Senior Executives
                                Global ambassadors              Network                                                           EU legislation             Global Perspective
                                                                                          Eleanor Taylor
                                                                                                                                                             Key influencers
                                                                                          Chartered Accountant
                                                                                                                 Mike Tibbetts
                                                                                          Head of Programme
                                                                                                                 B.Sc.(Econ)
                                                                                          Policy                                            Scotland Europa      Scottish Government
                                                  Media Relations                                                Applications Manager
                                                                                          Professional Liaison                                                   PoCP a key priority
                                                  Media management
                                                                       Kate MacInnes                             Digital Media specialist EU contacts
                                                                       MBA                                       Trained facilitator         Funding support     Ongoing interaction
                                                  Creative
                                                                       Strategic Communications                  Trained presenter                               Fund enhancements
                       Outcome Managers           PR
                                                                       Investment Network
                       Industry experience                                                                             PoCP Admin
                       Market Knowledge                                                                                Correspondence          Account Management
                       Contacts                                     Wendy Hanson                                       Records Management Post PoCP support
                                                Web Design          PhD Materials Science
                       Mentoring                Website                                                                Payment processing Follow-up                   Connect
                       Coaching                                     Portfolio Manager                                                                                 VC Network
                                                Information         Project Review Panel                                                                              Elevator pitches
                                                Electronic process Procurement specialist                       Caroline Myles
                                                                                                                Public Finance Accountant
                                                                                    Mary Canning                Financial management
                                                                                    PhD Molecular Biology Project management
                          Entrepreneurial Exchange                                  Contracts                   Women’s Network
                          Academic introductions            IT Services             Life Sciences specialist RA Forums
                                                                                    IP management               ERDF
                                                            Secure server
                                                            Electronic process                                           SE Commercialisation Staff
                                                            New software suite                                                Network co-ordination Technology Entrepreneurs
                                      Steering Boards                                                                         Shared best practice Industry experience
                                      Senior Industry experience                            Priority Industries
                                                                                            Market knowledge                                          Market Knowledge
                                      Market Knowledge
                                                                                            Industry strategy                                         Potential CEOs
                                      Risk Management
                                                                                            Support Networks
                                                               Patents Advisers                                                  Specialist consultants
                                                               Patent Searches                                                   Training
                                                               IP Reports                                                        Facilitation
                                                               Insight & advice             Industry Advisory Boards
                                                               Risk management              Market experience
                                                                                            Industry strategy
      EUROPE & SCOTLAND                                                                     Joint ventures                                                        Scottish Enterprise
European Regional Development Fund
      Investing in your future
         A full Partnership Programme



               • Mentoring and guidance pre-application:
                    From PoCP team and priority industry champions

               • Thorough assessment with feedback at every stage
               • Valuable publicity for successful teams:
                     Web presence, Awards ceremony, press releases
               • Close support throughout project:
                     PoCP team; Institution’s commercialisation office
                     Technology Entrepreneurs; Steering Group for “star” projects

               • Peer group networks and training:
                     Associates Fora, Association of Women Entrepreneurs

               • Follow-up after PoCP completed for 10 years



      EUROPE & SCOTLAND                                                         Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Topics



              • Scottish Enterprise:

                           Scotland’s Enterprise, Innovation and Investment Agency

              • The Scottish Enterprise Proof of Concept Programme

              • Project Processes

              • Partnership

              • How to Apply



      EUROPE & SCOTLAND                                               Scottish Enterprise
European Regional Development Fund
      Investing in your future
         How to apply




          • Look at http://www.scottish-enterprise.com/poc-applications

          • Read all guidance; download application template (MS-WORD)

          • Work on application offline

          • Consult locally with TTO, and with SE Priority Industry Team

          • Application signed off by TTO and University Authorities

          • Upload to secure server by midday on Wednesday October 15th



      EUROPE & SCOTLAND                                         Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Round 11 Timetable




          •    Opened Aug 4th 2008
          •    Secure server opened September 1st, 2008
          •    Deadline for Applications: midday on October 15th, 2008
          •    Preliminary assessment panels: early November 2008
               Notification of results expected week commencing November 24th
          • Interview panels: early December 2008
               Notification of results expected week commencing December 22nd
          • Feasibility Studies: Jan/Feb 2009
          • Final notifications expected mid-March 2009


      EUROPE & SCOTLAND                                         Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Future Rounds: Key dates



          •    Round 12:
                Expected to open late Jan 2009    Closing date March 25th, 2009

          •    Round 13:
                Expected to open early Aug 2009   Closing date Oct 14th, 2009

          •    Round 14:
                Expected to open late Jan 2010    Closing date March 24th, 2010

          •    Round 15:
                Expected to open early Aug 2010   Closing date Oct 13th, 2010

          •    Round 16:
                Expected to open late Jan 2011    Closing date March 23rd, 2011

          •    Round 17:
                Expected to open early Aug 2011   Closing date Oct 12th, 2011




      EUROPE & SCOTLAND                                             Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Pre-application consultation:
           people to contact



       • Applications Manager:                 Mike Tibbetts
            IP/Life Sciences expert:           Mary Canning
            Portfolio Manager:                 Wendy Hanson
       • Consultation with Priority Industry contact a condition of eligibility
       • Priority Industry contacts:
                     •   Enabling Technologies:          Andy McLaughlin
                     •   Digital Markets:                June Edgar
                     •   Energy:                         Bill Shepherd
                     •   Aerospace, Defence & Marine     Ian McMahon
                     •   Other Emerging Technologies     Wendy Hanson
                          – Other industries on PoCP website
                          – All contact details on web pages


      EUROPE & SCOTLAND                                              Scottish Enterprise
European Regional Development Fund
      Investing in your future
         Things to take away:




       • PoCP Bulletin

       • Application Guidelines (also downloadable from PoCP website)

       • Application Form Template (also downloadable from PoCP website)

       • Technology Entrepreneurs Profiles

       • Strathclyde EEE Report

       • Information on Enterprise Fellowships



      EUROPE & SCOTLAND                                      Scottish Enterprise
European Regional Development Fund
      Investing in your future
     www.scottish-enterprise.com/proofofconcept




                                     THANK YOU




      EUROPE & SCOTLAND                          Scottish Enterprise
European Regional Development Fund
      Investing in your future