The University Innovation and Enterprise Centre Dr Ceri Williams Director of Innovation and Enterprise Partnerships 19 th 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 market listed companies Spin-outs employ over 600 staff Company value over £450m 60+ technology licences Keracol

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 Water Climate & Geo Hazards Financial & professional services Digital Economy Smart Specialisation Innovation 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

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