Download partnerships - Global University Venturing

Global University Venturing Summit
Open innovation, Corporations and
Universities – are we speaking the
same language ?
Everybody speaks about innovation…
…the process of translating an idea or invention
into a good or service that creates value for which
customers will pay.
Innovations are divided into two broad categories:
•Evolutionary innovations that are brought about by many
incremental advances in technology or processes
•Revolutionary innovations also called discontinuous
innovations which are often disruptive and new
Source: www.businessdictionary.com
European utility business model
under continuous threat
-65%
ESTX – European utility index
Source: www.comdirect.de/inf/indizes
European energy transformation
offers many opportunities
Traditional R&D for evolutionary innovations
Upstream
Power generation
Transport/storage
Application
Gas/oil
Coal-based
Electricity grids
Residential households
> Reservoir characterisation
> Sedimentation and
maturity history
> Gas hydrates
>
>
>
>
> Smart grids
> High Voltage DC
> Superconductivity
> Smart metering
> Smart home
Mining
Renewable
Electricity storage
Transport
> Automation of large-scale
equipment
> Diagnosis conveyor-belt
systems
> Groundwater modelling
> Wind offshore
> Biogas production
> Marine energy
> Compressed-air storage
> Distributed storage via
batteries of electric cars
> E-mobility
> Comparison H2 vs.electric
drive
Nuclear
Gas grids/reservoirs
Industry/commerce
> Safety
> Securing of know-how
> Dismantling
> Pipeline integrity monitoring
> Distributed electricity
and heat supplies
> Gas sensors
CCS/CCU*
Lignite drying
High temperature materials
Coal quality
Overarching technology and systems analysis
* CCS/CCU: Carbon Capture and Storage/Usage;
RWE R&D is building first of all on specific
projects as a content driven structure
Strategic Partners:
Cooperation with a University on multiple topics with multiple faculties
Kooperationsvertrag
Special Partners:
Cooperation with one specific faculty of a university with multiple
projects
R&D Projects
One off specific topic with a specific faculty of a university
Over 200 projects
RWE is working with over 100 different
universities and research institutes
Identifying the disruptor is the ultimate target
for RWE’s corporate venturing approach
Sustaining existing business
Yes
No
Incumbent
Yes
Succeed
Autonomous
Yes
No
No
New Productivity Frontier
Fail
Yes
No
Strategic Differentiator
Enabling Technology
Yes
Disruptor
Fail
No
Strategic Innovator
Source:
“The Innovator’s Manifesto”,
M.E.Raynor
Customer
RWE‘s open
innovation
universe
opportunities
options
Portfolio
• High growth
• Technology leader
• Disruptive
Return opportunity
Make or buy
Test lab for innovation Failure acceptance
Capital efficiency
& leverage
Entrepreneurial
Engine
• Strong deal flow
• Fast & Rigorous
• Accountable
IVC Team
Business models
Market drive
Community
• Entrepreneurs
• Co-Investors
• Top ranked
Partner
European, renewable, diversified portfolio
Portfolio diversified
across technology sectors
Strict European focus
Enabling
Renewable Efficiency
Energy
Renewable
Generation
E-Mobility
Smart Grids
Voith Hydro Ocean Current
Technologies GmbH & Co KG
Voith Hydro Ocean Current
Technologies GmbH & Co KG