TTO Circle. Early stage financing of RTO spin-off companies. 7th March Berlaymont, Brussels

Transcription

1 TTO Circle Early stage financing of RTO spin-off companies 7th March Berlaymont, Brussels

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3 le cing TTO CIRCLE WORKSHOP EARLY STAGE FINANCING OF RTO SPIN-OFF COMPANIES 7 March 2019 Brussels, Berlaymont - Hallstein room Co-Chairs: Giancarlo Caratti, Head of Unit, Intellectual Property and Technology Transfer, Joint Research Centre, European Commission Hans Boumans, Head of Technology Transfer, TNO Rapporteur: Michael Bikard, Assistant Professor of Strategy at the business school INSEAD 08:30-09:00 Registration & welcome coffee 09:00-09:15 Welcome Addresses 09:15-10:45 Best practices session on PoC and Start-up funding 10:45-11:15 Coffee break 11:15-12:45 Spin-off companies and fund managers 12:45-14:00 Lunch 14:00-14:30 What comes next: Updates from EU institutions 14:30-15:30 Round Table: PoC and seed funds 15:30-16:00 Concluding remarks

4 RAPPORTEUR Michaël Bikard is an Assistant Professor of Strategy at INSEAD, where he teaches a course on technology and innovation strategy. His research focuses on how individuals and firms use new scientific knowledge as a source of competitive advantage. He was previously on the faculty of the London Business School and completed his PhD at MIT. Giancarlo Caratti is Head for Intellectual Property and Technology Transfer at the European Commission, managing its intellectual property and promoting technology transfer. In 2015 he was Deputy Commissioner General for the EU participation in the World Expo Milano. He worked in the Universities of Florence and Pisa as teaching and research assistant in mechanical engineering. He spent one year as visiting scholar at the Georgia Institute of Technology and worked in a private engineering firm before entering the EC in Hans Boumans is head of Technology Transfer at TNO since Hans is responsible for TNO s strategy regarding technology transfer, more specifically regarding spin-off creation and licensing. Before that, he was director of the Patents & Licensing department at TNO for two years. In that position, he negotiated numerous license agreements with companies that wanted to turn TNO s innovations into products. In 2007, Hans was elected in the Scientific American Top 50. Since 2015, Hans is also a board member of the pension fund of TNO and board member of TTO Circle. Neta Pessah is the project manager of IDEA department at Yeda R&D. The main goal of the IDEA department (IDEA: Innovation, Development, Enhancement, Acceleration) is to accelerate projects towards commercialization. IDEA also supports promising projects at the POC stage in order to establish new IP, and supports enhancement of existing IPs. Neta holds a PhD in medicinal chemistry and Pharmacokinetics. Before joining Yeda, Neta worked as a chemical and preclinical manager at the pharma industry. Sylvain Colomb was supporting CEA s labs and start-ups as marketing engineer for CEA s technology transfer division for 8 years. Then, in 2010, he co-founds Ethera, a start-up specialized in indoor air pollution analysis and treatment, based on a disruptive nanomaterial technology from one of CEA s laboratory. He came back to CEA in 2016, and, as start-up manager for Grenoble center, is now in charge of developing the entrepreneurship process Johan Haspeslagh is senior venture development manager at imec. Within imec he is leading venture ideas towards their first investment including the contribution of the imec IP. He holds master s degrees in engineering and started in 1985 at KU-Leuven as researcher. In 1989 he joined Alcatel (now Nokia) as a project- and research leader. Since 1999 he is setting-up imec spin-offs. He was director of Lumoza until 2014 and still of Luceda Photonics. Rolph Segers has been active in entrepreneurial education during his studies Physics at Leiden University, where he was one of the creators of the Orientation on Entrepreneurship program, At the TU Delft he was responsible for the pre-seed loan program and the setup of a Proof of Concept fund that has set the standard for many other universities in the Netherlands. Currently at TNO he guides new TNO spinoffs through the startup phase and the first investment.

5 le cing le cing TTO CIRCLE WORKSHOP WELCOME ADDRESSES From 9:00 to 09:15 Giancarlo Caratti, Head of Unit "IP and Technology Transfer", Directorate-General Joint Research Centre, European Commission Hans Boumans, Head of Technology Transfer at TNO TTO CIRCLE WORKSHOP BEST PRACTICES SESSION ON POC AND START-UP FUNDING From 9:15 to 10:45 Neta Pessah, Project Manager at Yeda R&D and technology transfer of the Weizmann Institute of Science (WIS) Sylvain Colomb, Start-up manager at CEA Johan Haspeslagh, Senior Venture Development Manager at IMEC Rolph Segers, Technology Transfer Officer at TNO

6 Jörg Wamser is Managing Director of the newly established Fraunhofer Tech-Transfer Fund (FTTF). Prior to that he worked for Fraunhofer Venture TTO, founded and managed two spinouts from the Max-Planck Gesellschaft, helped growing a high-tech materials company from the German Aerospace Center (DLR) and mentored miscellaneous other startup projects - often in close cooperation with the High-Tech Gruenderfonds (HGTF). He holds a diploma in Industrial Engineering and an MBA. Michael Brandkamp has been with High-Tech Gründerfonds right from the very beginning and drafted a significant part of the business plan that today still forms the basis of HTGF. He regards establishing HTGF as an entrepreneurial challenge and at the same time a great privilege. He has been involved in financing high-tech startups for more than 20 years, six of which he spent working in Berlin s startup scene. During this time, he invested in a great number of start-ups and managed numerous successful exits. Emanuele Occhipinti Lawyer, Roma Tre University graduate. In 2006 he attended the Harvard Summer School at the Harvard University. Used to work at the European Parliament in Brussels, and since 2009 acts as an expert in European Projects and internalization, acquiring a specific experience as Project Supervisor in development of a series of EU project proposals and projects implementation. In Greenrail since 2015, he is company s Vice President. Lluís Chico Roca Ramona Samson is currently Deputy Head of Unit for 'Investments and SMEs', at the Directorate-General for Research and Innovation, European Commission. She provides advice as regards the design of ways to increasing private finance and closing the market gaps in R&I investments. Until 2012, she held various positions at the Directorate-General for Trade. She holds a PhD from Copenhagen Business School. Jerome Samson joined the European Investment Fund (EIF) Investment / Technology & Innovation team in 2017, as an Investment Manager, with a strong focus on investments dedicated to foster Technology Transfer. Prior to joining EIF, and after a first experience with BCG, he has been an early stage venture capital investment professional for the last ten years, specialized in biotech, medtech and agritech startups, at Sofinnova Partners, then Seventure Partners and more recently at CapAgro where he was a Managing Director. Jerome holds an engineering degree from Ecole Polytechnique and a PhD in Pharmaceutical Sciences from University Paris-Descartes.

7 le cing le cing TTO CIRCLE WORKSHOP SPIN-OFF COMPANIES AND FUND MANAGERS From 11:15 to 12:45 Jörg Wamser, Managing Director at FTTF, Fraunhofer Technologie Transfer Funds GmbH Michael Brandkamp, CEO at High Tech Grunderfonds Emanuele Occhipinti, Vice President at Greenrail Lluís Chico Roca, CEO at Neosurgery (TBC) TTO CIRCLE WORKSHOP WHAT COMES NEXT: UPDATES FROM EU INSTITUTIONS From 14:00 to 14:30 Ramona Samson, Deputy Head of Unit, Investments and SMEs, Directorate-General for Research and Innovation, European Commission Jerome Samson, Investment Manager at European Investment Fund (EIF)

8 Elena Andonova is a multi-disciplinary expert, engaged in innovation management and technology commercialization. As a policy officer at the European Commission, DG JRC, she is focusing on cohesion, enlargement and international cooperation policies, and has expertise in supporting the development of innovation ecosystems. Previously, Elena has worked as a consultant at Oxford University Innovation and for the Lehman Brothers in London. Elena has an MBA from Said Business School in Oxford. Asier Rufino Bengoechea is co-founder and CEO of Tecnalia Ventures. He worked at: Accenture (Ireland), BNP Paribas (France), Parthenon (UK-USA-Dubai), Eli Lilly (UK), Gilead (Turkey) and start-ups and SMEs always focusing on innovation and entrepreneurship. Co-founder of Microwave Ventures; board member of several start-ups and TTO Circle; professor at Deusto Business School; EC Expert on Innovation in SMEs. MBA London Business School / Sloan MIT and BA from the Basque Country University-Reims. Bart Swaelens Maria Makridaki is a Technology Transfer Consultant at PRAXI Network/ FORTH. Her activities involve IPR management, access to public and private funding, exploitation of research results and provision of information and advisory services to all stages of technology transfer. She has coached several research teams on exploiting their research results. She is actively involved in the creation and promotion of regional development policies and the implementation of Smart Specialisation Strategies. Julia Schmalenberg Christopher Kerth Michal Belusky works at the TTO of Czech Academy of Sciences (CAS) as legal counsel, monitoring national and European legislation and drafting manuals, checklists and templates to be used by the individual institutes of CAS. Through consulting services offered by the CAS TTO Michal took part in negotiations with partners ranging from public institutions like NASA or CERN to international corporations like DHL or Philip Morris and many local and regional partners. His expertise encompasses research collaboration arrangements, license contracts and spin-off formation.

9 le cing TTO CIRCLE WORKSHOP ROUND TABLE: SEED FUNDS From 14:30 to 15:30 Moderator: Elena Andonova, Technology Transfer Officer at JRC Asier Rufino, CEO at TECNALIA Ventures Bart Swaelens, Head of Tech Transfer and Venture Development at VITO Maria Makridaki, Technology Transfer Consultant at PRAXI Network/FORTH Julia Schmalenberg, Fraunhofer Christopher Kerth, Transfer & Innovation Department, Helmholtz Association Michal Belusky, Legal Counsel at Knowledge Transfer Unit of Czech Academy of Sciences

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