Commercialisation in the Go8: 1% Inspiration, 99% Perspiration Charlie Day, Melbourne Ventures On behalf of the Go8 Directors Commercialisation May 2009

Introductions Charlie DayUniversity of Melbourne Mark BennettUniversity of NSW Robert ChalmersUniversity of Adelaide David HendersonUniversity of Queensland Rod HillMonash University Peter IsdaleIMB Com Victor PantanoAustralian National University Isaac SharivUniversity of Sydney Andy SierakowskiUniversity of WA

Intangible assets like IP are increasingly important

It ’ s important for very real reasons

Commercialisation activities at Go8 are becoming increasingly mature Professional Staffing Dedicated funds with institutional support Diversity in approach Track record of success

Increasing recognition that success is not just about luck, but about consistent and persistent execution

We face many challenges Severe funding squeeze Uncertainty about the role of Government Uncertainty on the IP landscape An evolving commercial landscape

Source: AVCAL Venture Capital in Australia

What do we mean by “Free”

Go8 Directors Commercialisation are working together on a number of fronts Benchmarking of performance Informing the public debate on the appropriate role for Universities in a knowledge economy We see a vital role for our group in helping to deliver the economic dividend from increased research funding