A Perspective on Innovation Andy Hopper The Computer Laboratory University of Cambridge.
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Transcript of A Perspective on Innovation Andy Hopper The Computer Laboratory University of Cambridge.
A Perspective on InnovationA Perspective on Innovation
Andy Hopper
The Computer LaboratoryUniversity of Cambridge
What is innovationWhat is innovation
• New technologies
• New business models
• Explosive growth, winner takes all sectors
UniversitiesUniversities
• Academic professor, entrepreneur professor
• Serving / disrupting / creating new industry
• Becoming institutional and less flexible
• Rather monolithic in UK
• Innovation in Industry
• Intellectual property
• Capital
• UK fiscal policies
Broad ContextBroad Context
1 – ARM1 – ARM
• Micro-processor architecture - 30 years from first concept
• Technology rooted in symbiotic industry/university/finance situation
• Corporate spin-out
• Innovative business model and relentless execution
• Dominates low-power CPU architecture with 50Bn+ instances made
2 - VNC2 - VNC
• Remote graphical access
• Technology based on long-term industry/university expertise
• Open Source release
• RealVNC start-up organically grown
Server Viewer
RealVNC – new productsRealVNC – new products“Help!”
Fix
Access from Tablet and SmartphoneAccess to Tablet and Smartphone
Access built into processor
Access through the cloud
Automotive
RealVNCRealVNC
• Any device, across any network, in any combination
• Exists on over 1Bn devices
• The worlds most ported piece of software?
• Profitable from day one, 90% of revenues from export
• Business model to match unique circumstances
3 – Xen3 – Xen
• Virtualisation software
• Technology based on long-term university practical expertise
• Xen.org open-source “hypervisor” developers platform
• Xen Source Inc start-up with $6M of US VC money
• Sold after 3 years in 2007 for $500Mio on small revenues
• Now a widely used technology in the cloud
4 - Ubisense4 - Ubisense
SENSOR
SENSOR
TAG
Sensor Tag
• Real-time 3D location system based on ultra-wideband radio
• Up to 15cm accuracy at fully managed reliability levels
• Scalable in coverage and scope of application
Tag integrated with toolTag integrated with tool
BMW Car Plant, Germany BMW Car Plant, Germany (Final Assembly Tool Assistance)
• Tracking tools on complex production line
• Automatically programs tools for each car
• Eliminates barcode scanning
O2 Arena, UKO2 Arena, UK(Entertainment)(Entertainment)
• Projection of sound image is based on every
performers location
2002
2003
2004
2005
2006
2007
July : Founded
2008
2009
2010
2011
June : IPO on AIM
2012
F&A £1.6mEquity
A+ £1.6mEquity
A++ £2.0m
CL
A £1.0m
CL
HSBC£1.0mLoan
Pre-IPO£5.0m
IPO£5.0m
A++£1.6mEquity
F – FriendsA - AngelsCL – convertible loan
Ubisense FundingUbisense Funding
Ubisense plcUbisense plc
• Rooted in 25 years of Industry / University research
• Setting standards for Real Time Location Systems
• Sells to the largest manufacturing companies (BMW, Airbus)
• Intersection of computing / manufacturing
• 5% of passenger car production
17
5 – Raspberry Pi5 – Raspberry Pi
• Rooted in traditional capabilities of Computer Lab
• Not inspired by immediate profit motive
• Supported by Cambridge “plc” (CL, Angels, Broadcom)
• Humongous success and ecosystem
The Bear TrapsThe Bear Traps
• IP ownership
• Equity dilution
• Funding
• Science/technology is not good enough
• Market not ready for technology
• Management team
The University-Industry InterfaceThe University-Industry Interface
• Barriers to collaboration
• Where should the marketplace exist?
• Universities to adopt a volume strategy (not picking winners)
• Small shareholding in many ventures
• An independent “Entrepreneurs Charter” to guide best practice
• More nooks and crannies all round