October 5, 2004FPTT 2004 TechExpo1 Ideas vs Intellectual Property: The Carleton University Technology Transfer Approach: “Building True Innovation Capacity Based on Talent, Knowledge and Ideas”

October 5, 2004FPTT 2004 TechExpo2 Building Innovation Capacity – What Foundation? IP-centricIdea-centric Narrow focus Closed/proprietary Red tape/Process driven Push-oriented Overvaluation Flexible Open for sharing Nimble/Opportunity driven Pull/Push Do a deal!

October 5, 2004FPTT 2004 TechExpo3 Presentation Overview: Current Commercialization Debate University Approaches to IP Carleton Approach A Look At Google

October 5, 2004FPTT 2004 TechExpo4 Commercialization Debate “There is no shortage of opinions and ideas on what should be done … “

October 5, 2004FPTT 2004 TechExpo5 Commercialization Debate (2): Gaps, gaps and more gaps … Billions invested in research, but … Role of private and public sectors Risk financing is necessary but is it sufficient? What are the best approaches?

October 5, 2004FPTT 2004 TechExpo6 Commercialization Debate (3): 2004 Federal Budget 2004 Ontario Budget NRC network of innovation/commercialization centres NSERC/CIHR Programs Regional initiatives (eg. TEC Edmonton, MaRS)

October 5, 2004FPTT 2004 TechExpo7 University Approaches: “In general, Canadian tech transfer functions and practices tend to be IP- centric and less oriented/integrated to broader regional economic development objectives.”

October 5, 2004FPTT 2004 TechExpo8 University Approaches (2) UTI (Calgary), TEC Edmonton, IDC (Victoria), Innovations Foundation (Toronto), Genesis Group (St. John’s); University Industry Liaison Offices (UBC, Waterloo, Univ of Ottawa, etc.); Less Successful Attempts: GUARD Inc. (Univ of Guelph, UST Inc, (Univ of Saskatchewan) and CUDC, (Carleton University).

October 5, 2004FPTT 2004 TechExpo9 University Approaches – Observations: Performance metrics (license income, patents, number of spin-offs) unintentionally motivate ILO’s to adopt a “picking winners” approach. Revenue generation will prevail; VC role in university research commercialization is overrated; and University role in regional innovation systems not well-understood (i.e., island in the community).

October 5, 2004FPTT 2004 TechExpo10 A Case Study - Google - Could Canada Produce a Google? “In essence, the research resulted in a family of algorithms that assigned numerical weightings to web pages indexed by a search engine” I wouldn’t have bet on it!

October 5, 2004FPTT 2004 TechExpo11 A Google History – Key Inflection Points NSF Project – DLI Backrub developed Stanford ILO Meeting Stanford files patent Licensing fails Google founded $1M seed round $25M A round – Tier 1 VCs

October 5, 2004FPTT 2004 TechExpo12 Google in Canada? Smarts to innovate (we can compete) How would ILO handle disclosure? (patent/license prospects dim … too competitive … no chance! Would graduate students be encouraged to start company? If so … what would be the odds of getting funds from the right people? … without killing the entrepreneurs Tier 1 VCs make a difference (it’s not just funding!)

October 5, 2004FPTT 2004 TechExpo13 “IP is a narrow sub-set of a university’s capacity for innovation”

October 5, 2004FPTT 2004 TechExpo14 University Intellectual Property – Different Flavours Most IP incremental (basis for partnering) Some IP is product (basis for licensing) Rare IP is platform (basis for spin-off)

October 5, 2004FPTT 2004 TechExpo15 Carleton University Approach Oriented to regional economic development Culture of innovation and entrepreneurship more important than IP management Tech transfer activities aligned with academic goals Ties to local business/technology networks are critical ILO is an access point to Carleton community (experts, facilities and programs)

October 5, 2004FPTT 2004 TechExpo16 Poster of Technology Companies

October 5, 2004FPTT 2004 TechExpo17 Carleton Foundry Program “Helping to stimulate an innovation and entrepreneurial culture on campus by encouraging faculty, students and staff to act on their ideas”

October 5, 2004FPTT 2004 TechExpo18 Innovation Development Fund Student Internships Community Linkages

October 5, 2004FPTT 2004 TechExpo19 References: “Technology Transfer and Commercialization: Their Role in Economic Development, US Department of Commerce, Aug 2003” “Innovation U: New University Roles in a Knowledge Economy, Southern Growth Policies Board, 2002”

October 5, 2004FPTT 2004 TechExpo20 Thank you ! P.S. we will be announcing the creation of a new position at Carleton for an Industry Partnership Officer P.S. (2) AUTM 2004 Conference in Quebec City, Nov th, 2004