UMI
3
The University of Manchester Innovation Group
STOCK TAKE REPORT SUMMARY 2012 2004 – 2012 Celebrating 8 years of positive impact through technology transfer and Innovation Centre activity
UMI3 The University of Manchester Innovation Group
www.umi3.com
CHIEF EXECUTIVE OFFICER’S STOCK TAKE REPORT, 2004 – 2012
Inspire Invent Innovate Overall we continue to manage our finances to plan, such that we have been able to make another significant gift aid payment to the University in 2012, therefore amounting to a total gift aid sum of over £500K to the University for the last two years together, having broken-even on budget or made modest gift-aid payments in all other years since 2004. Our Key Performance Indicator measures are to-plan since our establishment, so we are performing at the right level in order to meet our July 2015 mission, goals and targets that were set for us in 2004 (and of course in a way that ensures that the business is well set-up for the 5 year plan period beyond 2015, ie to July 2020). We have been successful again in receiving and assessing a high number of invention disclosures (over 370 in 2012) and screening those and 38 new IP projects (representing £4.5M of seed funding) have been developed in the year.
We have also dealt effectively with the difficult economic climate for our type of investment by continued high levels of third party investments into the spin-outs (£16M in the most recent year) and with licensing propositions through increasing the number of deals negotiated and by lifting our annual revenue over £1M. Of course, every good company’s performance relies upon its people for success and I thank every Company and University colleague for the effort and commitment demonstrated to the intellectual property activities.
Mr Clive Rowland Chief Executive Officer
UMI3 INNOVATION GROUP DIVISIONS: UMIP AND UMIC
UMIP®
The University of Manchester’s agent for intellectual property commercialisation
UMIP Vision To be recognised internationally for the excellent quality, significant scale and the distinctiveness of our continuous programme of work in the successful commercialisation of appropriate research and teaching outputs to the benefit of The University of Manchester, its stakeholders and society.
UMIP Mission Identifies, protects and evaluates research innovations from all faculties and commercialises IP via the most appropriate route: sale, licence or spin-out.
UMIC®
The University of Manchester Innovation Centre Limited
UMIC Vision UMIC’s vision is to provide a vibrant supportive environment for tenant companies allowing them the freedom to concentrate on their core business development. UMIC MIssion Provision of high quality state-of-the-art premises for biotech and hi-tech companies and bespoke conferencing and events facilities.
CONTRIBUTION TO UNIVERSITY GOALS
UMIP®
£205M
TARGET
TARGET
Since 2004: The University’s IP enterprises have generated approximately £50M to the University through the sale of shares in spin-outs, licensing income and through IP grants and contracts activity.
invested by venture funders
Continuous increase in third-party investment in University spin-out companies. Since 2004: £205M has been invested by venture funders in University of Manchester spin-outs, a number of which have received national and regional enterprise awards.
UMIC® TARGET Economic impact. Since 2004: Contribution to the generation of over 1200 jobs across various industry sectors.
Over
1200 jobs
Continuous increase in the value of IP enterprises generated at the University.
£50M
as a result of IP enterprise
Over
£24M in funding TARGET Development and maintenance of a world-class infrastructure and flexible networking environment for spin-outs and spin-in ventures. Since 2004: Over £24M in funding raised for the Innovation Centre complex.
UMIP® Innovation pipeline and early-stage project funding Since 2004: > Over 2,200 invention disclosures received > Over 120 University Proof-of-Principle IP projects initiated and managed with a value of £10M
Venturing Venturing goals To establish the scale and quality of the University’s intellectual property (IP) venturing activities such that the University becomes a world-class benchmark for the management, practice and performance of commercialising academic IP outputs through spin-out companies. Since 2004: 28 spin-out companies created.
28
spin-out companies created
INNOVATION GROUP GOALS AND ACHIEVEMENTS
Licensing Licensing goals To have in place an excellent licensing and collaborations programme which engages small, medium and large companies internationally across the range of the University’s research, teaching and learning outputs.
Over
300
licences and assignments brokered
Since 2004: Over 300 licences and assignments brokered.
Recognition and Reputation Reputation goals To be very well-regarded and to develop and strengthen an exceptional brand image amongst the University’s academic community, the international technology transfer associations and the national press for the high quality policy, management, practice and commercialisation of IP and which recognition is commensurate with the University’s standing in research, teaching and learning.
Social Enterprise Inaugural Social Enterprise innovation competition in conjunction with The Faculty of Humanities launched early 2012 to identify innovations addressing social, civic and environmental issues. To be extended to all faculties late 2012.
Since 2004: Over 35 awards or shortlisted placings have been won by spin-out companies/UMIP technology projects.
35
Over awards or shortlisted placings
INNOVATION GROUP GOALS AND ACHIEVEMENTS
UMIC® Manchester Incubator Building
Tenancy
Core Technology Facility
North Campus Incubator
Since 2004: > Average 85% building occupancy across all sites > Provided space for over 87 tenant companies
Highlight for the Year: 2-DTech Supplier of graphene and advanced materials becomes the Innovation Centre’s first graphene company
Conferencing and Events Since 2004: > Creation of a vibrant innovation-related conferencing and events activity within AIM accredited venue > Entrepreneurship Forum events, business masterclasses for tenants, Open Innovation, investor events and international project management courses > Over 2,000 student entrepreneurs supported as part of annual BiotechYes regional competition
Responsible Business UMIC understands the challenges posed by the threat of climate change and is committed to making changes to the way we operate to ensure our carbon footprint is reduced. Since 2004: > Over £450K investment in new energy efficiencies to reduce electricity consumption and provide more efficient cooling > Adoption of University’s ‘Bin the Bin’ recycling scheme to contribute to the University’s carbon footprint taget
Over
£450K investment in new energy efficiencies
Spin-outs
Translational grants
Shares
and contracts
Prototyping Business planning Seedcorn investing
Licensing
Innovating
Up-front payments
Royalties
Trade Marks
IP protection
Sale of IP Assignments Patents Copyright
Business Support
Events
Conferencing Networking
Biotech
Entrepreneurship Forum Laboratory space Hi-tech Clean-tech
AIM Virtual Space
Office Space Collaboration
Core Technology Facility 46 Grafton Street Manchester M13 9NT T: 0161 603 7751 info@umi3.com www.umi3.com Printed on recycled paper
Issue 1/01 Nov 12