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Trans-Atlantic Cooperation Technology Transfer Office Director Johan C. Haveland Washington DC 03.12.04 University of Bergen • 7 faculties • +17 000 students • 2 800 faculty and staff • urban • high quality research • international collaborations Profile • research • education • communication • marine environment • international co-operation Track Record and projects • • • • 2 spin-outs sold for $20M+ each 2 running spinouts with more than $7M annual revenue 18 running spinouts New patents – Methane Hydrate (US based oil company) – Platform technology for bionano (tunnelling nano tubes) – MR-imaging algorithm for rapid pictures from MRiscanners Hans-Herrmann Gerdes et. Al. – TNTs published in Science 13.02.04 Establishing US biotech comp. in Bergen • • • Currently developing collaboration model with a San Francisco biotech company – using IPR owned by biotech – using unique UiB expertise and positioning towards translational medicine – building Norwegian role in international market – capitalising on biotech’s existing sales network Goal: new joint-owned company in Norway Agreed Goal – – Q2 2005: proof of concept; – Q3 2005: start-up. UniTargetingResearch • Protein drugs: a $33 bn industry (growth 30%) – Large product pipeline – Considerably undersized production capacity • UTR® technology: up to 30-fold production yields. – Genetically engineered vectors for mammalian cell production – Boosts secretion of proteins • Also intracellular & membrane proteins: purify from medium, not cells! – Customers: biopharma, contract manufacturers, small biotech • Validated for antibody production and gene therapy. • Management and advisors from Serono, Eli Lilly, leading academia. • Raising €1-3 mln. Novel Diagnostics • Test kit for early detection of colorectal cancer – Emerging screening market Europe $6 billion – Norway: 3000 kits sold – Rollout plan for Europe • Acute phase detection of infectious disease – Significantly improves $1,9 bn ELISA platform – HIV: ongoing clinical trials South Africa – Tuberculosis: ongoing clinical trials by bioMerieux. EIA • • Management, executives from Abbott Labs, Johnson & Johnson, Murex Diagnostics, Wellcome Diagnostics (Now GlaxoSmithKline) Raising €3-10 mln, €3 placed Amount PlasmAcute® NAT 10 HIV infected 20 MediMush • Biopharmaceuticals and nutraceuticals from medicinal mushrooms, high end market: $2-3 bn • MediMush production (patented) – Ingredients of superior quality, purity, and at a fraction of current costs • Key issues to supplement, nutraceuticals suppliers • Enables oral medicine delivery, Sine Parmaceautical Company (China) • • • #1 Product (Lentinan), under validation by General Nutrition Company (USA) – Animal testing with US National Cancer Institute and University of Louisiana. Management from nutraceuticals business, academia. Raising €1-3 million Shitake Lentinan for injection Phases of commercialisation Ideas Project Develop. Seed Services Venture Sales/IPO Material Transfer Agreement Capital Capital Industrial cooperation IPR Management (external financing) Idea - advising Regional TTO Inc from 22.12.04 UiB, University Hospital, Institte of Marine Research,Bergen University College, CMR, NIFES Service providers/ researchers ForInnva InnoVest Incubator Start Up Investment Commercialisation in growth - Resources Project evaluation/Market identification Scientific and Market Verification Unique technology (patent search and filing) Licensing vs start-up models… Proof of Concept: Prototype Sarsia Innovation Seed Capital Preseed funding Meltzer Selection of ideas for commercialization Foundation Unifob Foundation Main Challenges for Regional TTO Ideas Early selection citerias Project Develop. Market Evaluation Pre-Seed funding Seed Capital Fewer companies Seed Capital Venture Capital Companies ready for VC Venturekapital Sales/IPO Develop internal skills Attract capital Trans-Atlantic Help • TTO - Network for early stage selection of ideas • Understanding of VC • US Network for licencing