The University Innovation and Enterprise Centre

Dr Ceri Williams

Director of Innovation and Enterprise Partnerships

19th September 2014

My Background

• Effective Broker with a Track Record in Value Creation

• Economic development

• Innovation leadership

• Strategic leadership

Director of Innovation and Enterprise Partnerships

Vision for UIEC

To establish the University of Leeds as a global leader in innovation and enterprise that delivers societal and economic benefit for the UK.

The University Innovation and Enterprise Centre is an ambitious initiative that seeks to grow global leadership in key technology areas, resulting in

• £75m of new research and innovation funding • create 50 new high-tech businesses• generating £1bn new income to the Leeds City

Region.

Ambition to Deliver Value

The University Innovation and Enterprise Centre is an ambitious initiative that seeks to grow global leadership in key technology areas, resulting in

• £75m of new research and innovation funding • create 50 new high-tech businesses• generating £1bn new income to the Leeds City

Region.

Not a simple task…..

Ambition to Deliver Value

What is Innovation and Enterprise?

• Development of research capability to address future opportunities

• Development of applied and translational research

• Commercial research and fee for service contracts

• Consultancy

• Development, management and successful commercialisation of Intellectual Property through spin-out companies and through license deals

• Development of corporate/strategic partnerships

• Continuing Professional Development and Executive Education

• Development of student start-up companies

• Development of social enterprises

• Development of enterprise and innovation capability in staff and in students

The Aims of UIEC

• Create a high profile gateway and effective structure to deliver a step change in innovation and enterprise activities in Leeds

• Become UK leading in establishing successful new start-up companies

• Establish a UK leading environment for innovation and collaboration

• Maximise the societal impact and profile of Leeds’ innovation and enterprise activities

• Track record of successful commercialisation

• Significant under supply of innovation capacity in the City

• Renewed confidence in Venture Capital and other business investors

• New Strategic Plan and commitment from the University

Why Leeds?Why Now?

Lack of innovation hampering SMEs' potential

5th September 2014

"Innovation is a critical part of many firms growth strategies and yet our survey has highlighted that the ability to be innovative is a stumbling block for many businesses in the region. Less than a quarter of the local companies we talked to felt that they are sufficiently innovative. As the economy continues to gather pace, we need to prioritise the creation of a business environment that encourages the commercialisation of new ideas.”

Successful Commercialisation Track Record

Over 100 companies since 1995

7 market listed companies Spin-outs employ over 600

staffCompany value over £450m

60+ technology licencesKeracol

Technologies that ‘change the World’

a pain-free treatment that allows decayed teeth to repair themselves naturally. The breakthrough would mean the end of the filling and, more importantly, drilling

The deadly defence system of a tiny African beetle has inspired award-winning research into a new generation of technology.

....materials are now produced commercially, under the trade name of Curv, by Propex Fabrics under a licensing agreement from the Leeds.....

‘Pig patch’ ends risk of patient’s body rejecting transplant

Relationship with IP Group

Assessment

Evaluation

Incubation Seedcorn

Investment

Organic Growth /

IPO / acquisition

• Commercial

• Technical• IP• Industry• Value

Proposition

• Commercial

• Technical• IP• Industry• Value

Proposition

• Company creation / infrastructure

• Grub funding• Strategy dev.• Business dev.

• Company creation / infrastructure

• Grub funding• Strategy dev.• Business dev.

• Routes to market

• Management• Seedcorn

funding• Dedicated

Leeds Fund

• Routes to market

• Management• Seedcorn

funding• Dedicated

Leeds Fund

• Access to capital markets

• IPO• Industry

partnerships

• Access to capital markets

• IPO• Industry

partnerships

High Value

Chemicals

Transport

Healthcare

technologies

Stratified

Medicine

Medical

technologies

Pharma &

biopharma

Healthcare

Services

Cultural &

Creative

economy

Food

Social

Care

Energy

WaterClimate &

Geo Hazards

Financial &

professional

services

Digital

Economy

Smart SpecialisationInnovation Hubs

Enterprise Strategy Map

• ‘The Enterprising University’ in Russell Group• By engaging supporters, building capabilities & delivering

exceptional enterprise opportunities to our students & graduates

Small Business Charter Award

• Lord Young’s ‘Growing Your Business’ report

• Witty Review report on universities & growth – Smart Specialisation

• Role of Business Schools (universities as anchor institutions) actively supporting student enterprise and small businesses in the region

• Gold Award

• Launching 2014 with Royal Charter status

How Will UIEC be Delivered?

University Innovation

and Enterprise

Centre

Café exhibition and networking space to foster collaborations

Shared Innovation Management Systems

Defined system to capture economic and societal impact

Dedicated labs and office accommodation

Events programme

Investment partner pool

Incubation programmes

Professional service partners

Clear exit strategy and grow-on

Support for new high tech start-ups

Dedicated innovation capability

Support for graduate entrepreneurs

Develop innovation and enterprise capability

Promotion of key research strengths

Support and £ to drive collaboration

Mechanisms to attract new companies

Strategic partner development

Routes to access UK and EU funding

Intelligence on future research priorities

Enhanced connections to Alumni

Access to mentors

Enhanced access to LCR opportunities

Showcase innovation and impact

Clear brand and profile

Delivering the Gateway

The New Centre

Next Steps

• Developing the building specification for UIEC

• Refining the revenue support programme and how this integrates within the university

• Working with key teams within the University

• Establishing governance processes

• Defining the business model that will generate income that can re-invested in future growth

• Exploring opportunities for partnering and co-investment

• SOC University Council Nov 2014

• UIEC Open for business 2017

Thank you for listening

I do want to hear so please do get in touch

c.j.r.wiliams@leeds.ac.uk

Tel: 0113 3430922