Harsh Vaidya EAST BIO annual symposium, 2015 Supporting biotech innovation through grassroots...
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Harsh VaidyaEAST BIO annual symposium, 2015
Supporting biotech innovation through grassroots approach
EAST BIO annual symposium | Harsh Vaidya
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EAST BIO annual symposium | Harsh Vaidya
Academia-Industry relationship
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EAST BIO annual symposium | Harsh Vaidya
Simply put, innovation is the process of doing something new, different, smarter or better that will make a positive difference.
- encompass Scotland
What is Innovation?
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EAST BIO annual symposium | Harsh Vaidya
Help patients
cytokine removal
creating organs for transplant
identification of viral species in blood
imaging system for diagnosis
blood glucose monitoring lens
CRISPR-Cas9 for gene editing and therapeutics
reduce cost of drug discovery
Importance of innovation in Biotech (positive difference)
Find cures for diseases Improve diagnostics Better availability to treatment Improve quality of life
Develop new technologies to help improve our understanding of biology
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EAST BIO annual symposium | Harsh Vaidya
Pharmaceuticals R&D spending continues to increase while the number of New Molecular Entities (NMEs) approved per billion dollar spent in R&D is decreasing
Pammolli et al. 2011
Who are the major innovators in biotech?
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EAST BIO annual symposium | Harsh Vaidya
Ulrich Betz and Christian Tidona
Models for sourcing innovation in pharmaceutical industry
Most of these models rely on universities and/or start-ups
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What’s in it for universities?
Research funding is on decline globally Many funding initiatives, such as EU consortium, require industry
partners There is an increasing focus on translational research to deliver
What’s in it for YOU?
Young Researchers(PhD students/Post-docs)
PI positions
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EAST BIO annual symposium | Harsh Vaidya
Most of university research is never commercialized: 70% of University research does not reach or pass Tech Transfer desk (too early, under-capacity, no incentive)
Start-ups face many challenges – funding, growth, talent recruitment
Academics are not trained to think about commercial potential of their research
Limited resources on the part of industry and universities (at least in terms of finding collaborative opportunities)
Hurdles to innovation
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VISION
TO UNLEASH THE TRANSFORMATIVE POTENTIAL OF SCIENTIFIC ENTREPRENEURSHIP
EAST BIO annual symposium | Harsh Vaidya
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MISSION
ACCUMULATOR, ACCELERATOR AND BROKER OF IDEAS AND EXPERTISE: CONNECT ENTREPRENEURIAL SCIENTISTS WITH INDUSTRY EXECUTIVES, INVESTORS AND POLICY MAKERS
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What do we do?
Skills Development∆ Innovation Leader Conference (ILC15) ∆ Workshops (e.g. IP)∆ Seminars
Facilitating Investments∆ IF Business Idea Competition∆ IF Investor DayMoving Ideas Forward
∆ Innovation Leader Conference (ILC15) ∆ IF Business Idea Competition∆ Networking
EAST BIO annual symposium | Harsh Vaidya
An accelerator for high-tech start-up
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What do we do?
Skills Development∆ Innovation Leader Conference (ILC15) ∆ Workshops (e.g. IP)∆ Seminars
Facilitating Investments∆ IF Business Idea Competition∆ IF Investor DayMoving Ideas Forward
∆ Innovation Leader Conference (ILC15) ∆ IF Business Idea Competition∆ Networking
EAST BIO annual symposium | Harsh Vaidya
An accelerator for high-tech start-up
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EAST BIO annual symposium | Harsh Vaidya
Networking: key to innovative collaborations Training for young researchers: learn from industry leaders Opportunity to talk about your research to industry Job opportunities
For start-ups Opportunity to engage with pharma, investors, and other start-ups
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What do we do?
Skills Development∆ Innovation Leader Conference (ILC15) ∆ Workshops (e.g. IP)∆ Seminars
Facilitating Investments∆ IF Business Idea Competition∆ IF Investor DayMoving Ideas Forward
∆ Innovation Leader Conference (ILC15) ∆ IF Business Idea Competition∆ Networking
EAST BIO annual symposium | Harsh Vaidya
An accelerator for high-tech start-up
Help start-ups secure investment!Help business ideas get off the ground!
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UK BRANCHES
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GLOBAL BRANCHES
EAST BIO annual symposium | Harsh Vaidya
Hong Kong
Copenhagen
Barcelona Tokyo
Hong Kong
Copenhagen
Barcelona Tokyo
MunichNew York
UK
Lausanne
14 branches globally Reaching 100,000 innovators and growing (our sponsors can tap in to
this global network)
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Innovation Forum spin-outs> £5M in investment and revenues
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Our Sponsors and PartnersEAST BIO annual symposium | Harsh
Vaidya
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EAST BIO annual symposium | Harsh Vaidya
More academia-industry partnership
Future of Innovation…where are we heading?
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Current international young researchers and young professionals are very similar minded and easily collaborate to accelerate international innovation development.
EAST BIO annual symposium | Harsh Vaidya
Future of Innovation…where are we heading?
More collaborations across generations
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politicianscorporates
biologistsengineers
entrepreneurs
civil servants
angel investors
start-ups
physicists
venture capital
chemists
professionalservices
university administrators
mathematicians
social scientists
incubators
business schools
science parks
hospitals
clinicians
computer scientists
EAST BIO annual symposium | Harsh Vaidya
Grassroots researchers need to be involved in parallel to strong
leadership from the senior levels
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www.inno-forum.org
STAY IN TOUCH!
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Open accessOpen access scientific and drug databases allow for drugs to be enhanced or repositioned
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2 engineering and 2 biomedical PhD students develop:• Breath-analyser for early stage lung cancer
All decisive events in the history of scientific thought can be described in
terms of mental cross-fertilization between different disciplines. “
”- Arthur Koestler
ACROSS DISCIPLINESINTERACTION
DRIVES INNOVATION
EAST BIO annual symposium | Harsh Vaidya