SINTEF Innovation Concept 1 Sinvent AS
1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples 2 Sinvent AS
Technology for a better society 3 Sinvent AS
Our partners � The Norwegian University of Science and Technology, NTNU NTNU is a centre for technological education and research in Norway, with a solid foundation in the natural sciences. � The University of Oslo, UiO The University of Oslo is Norway’s largest and oldest institution of higher education. Strategic Interaction NTNU personnel SINTEF employees working on teach at NTNU SINTEF projects Joint use of laboratories and instruments NTNU and the SINTEF Group Collaboration in R&D 4 Sinvent AS
Projects in the SINTEF Group 60% 50% 40% 30% 20% 10% Proportion of projects Proportion of total turnover Less than 50 001- 200 001- 500 001- Over 50 000 200 000 500 000 1000 000 1000 000 Project size in NOK Size of projects and proportion of turnover (6060 projects in total). 5 Sinvent AS
Educational background of research personnel 66% Master of Science 9% Cand. polit 12% Cand. scient 13% Other Cand. real. (M.Sc.) 3% Bachelor of science 3% Master of business 1% Cand. psychol. (M.Sc.) 1% Other 5% The SINTEF Group has 1900 employees. 38% of the researchers have a doctorate. 6 Sinvent AS
Investments in knowledge and scientific equipment Knowledge SINTEF Technology and Society Scientific equipment SINTEF Health Research Result (as % of net revenue) SINTEF Materials and Chemistry SINTEF ICT MARINTEK SINTEF Fisheries and Aquaculture SINTEF Energy Research SINTEF Petroleum Research -5% 0 5% 10% 15% 20% 25% 30% Investments in knowledge and scientific equipment, and results as percentage of net revenue 7 Sinvent AS
The SINTEF Group revenues Research Council Strategic International Programmes Public Sector Contracts 3.6% 16.4% 11.7% Research Research Council Other income Industry Council project grants 6.9% 45.5% basic grants 12.6% 3.3% The SINTEF Group turnover in 2006: NOK 2 billion 8 Sinvent AS
The SINTEF Group SINTEF’s Council SINTEF’s Board President Executive Corporate Staff Vice President SINTEF SINTEF SINTEF SINTEF Materials and Technology and Research Divisions Health Research ICT Chemistry Society SINTEF Marine SINTEF SINTEF Building SINTEF Petroleum and Energy Marintek and Infrastructure Holding SINTEF Fisheries and SINTEF Petroleum Research Aquaculture SINTEF Energy Research 9 Sinvent AS
The SINTEF Group Social perspective SINTEF wishes to contribute to the creation of value and to a society in healthy sustainable development. Business concept SINTEF sells research-based knowledge and related services to Norwegian and international clients. Fundamental values Honesty, Generosity, Courage and Solidarity SINTEF has 1800 employees, of whom about 1400 are based in Trondheim and 300 in Oslo. SINTEF also has offices in Bergen, Stavanger, Kristiansund, Ålesund Raufoss, Mo i Rana, Hirtshals (Denmark) and Houston (USA) . 10 Sinvent AS
1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples 11 Sinvent AS
12 Sinvent AS
Legal Structure 100% 100% 100% Sinvent AS SINTEF Holding AS Sinvent Venture II AS 64% 25% SpinOut Venture II AS SINTEF Venture II Other SINTEF 36% entities AS 100% SINTEF Venture III AS 13 Sinvent AS
Sinvent AS - Managementet Anders Lian - Managing Director - BBA NHH - Norsk Hydro (7 years Norway, England and France) - Gjensidige NOR (10 years; Group financials, life insurance, investor relations and private equity) Nils Spidsøe - Director - Master of Science NTNU, 24 years at SINTEF in various positions, - Research Director of SINTEF Civil and Environmental Engineering Jostein Bjøndal - Investment manager - BBA NHH, MIB NHH - SINTEF (5 years; R&D and management) - Leiv Eiriksson Nyfotek (3 years; innovation and investment processes) - Fokus Bank (2 years; Sales corporate market), Danske Securities (1 year; Corporate Finance) Kåre Herje – Financial manager - BBA, BA University of Vermont - Director – Export / Import companies for 5 years in US / Canada - IBM – 2 years (Facilities Planning) - SINTEF – 8 years in various positions at HQ Marit Cecilie Solem – Administration - SINTEF - 20 years in various departments and positions 14 Sinvent AS
1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples 15 Sinvent AS
Spin-offs – some examples Name Phase Industry Stable growth Software products and services for energy applications Powel ASA http://www.powel.com Growth Intelligent hearing protector and communication terminal Nacre AS http://www.nacre.no Seed High quality batteries based on metal-air fuel cells Revolt Technology AS http://www.revolttechnology.com Seed Development and license of Nystatin derivates for use in production of Biosergen AS antibiotics against fungus infections http://www.biosergen.com Venture Permanent, wireless and reliable downhole measurement systems for ResMan AS inflow monitoring and control http://www.resman.no Seed Resusable crucibles for solar cell production Crusin AS http://www.crusin.no Growth Technologies for production and classification of fine powders and Comex optical separation of large particles. http://www.comex-group.com Seed Equipment for water and gas purification and pollution handling Ecowat AS http://www.ecowat.com Seed Sensors for demanding gas measurement applications Optosense AS http://www.optosense.com 16 Sinvent AS
� Spun out in 1996 from SINTEF Energy Research � Listed on OSE 2005 � Markets software products and services for energy applications � Located in Trondheim. CEO Bård Benum � www.powel.com 17 Sinvent AS
� Sold to French Bacou-Dalloz June 2007 in a 120mUSD + earn out deal � Investors by the time of exit: SpinOut Venture I (co-owned by Sinvent and Verdane Capital), Ferd Venture, Viking Venture and management � Nacre sells QuietPro, which is an adaptive intelligent hearing protector and communication terminal � Located in Trondheim. CEO Eivind Bergsmyr � www.nacre.no 18 Sinvent AS
� Company established in 2004 based on technology from SINTEF Materials and Chemistry � Shareholders: SpinOut Venture II (co- owned by SINTEF Venture and Verdane Capital), Viking Venture, Northzone, TVM, Sofinnova and management � Develops and will market high quality batteries based on metal-air fuel cells � Located in Zürich, Switzerland. CEO Dieter Woschitz � www.revolttechnology.com 19 Sinvent AS
� Company established 2004 based on genetic engineering from SINTEF and NTNU � Shareholders: SpinOut Venture II (co- owned by SINTEF Venture and Verdane Capital), Karolinska Development II and management � Business concept: Development and license of Nystatin derivates for use in production of antibiotics against fungus infections � Located in Trondheim. CEO Nils Spidsøe � www.biosergen.com 20 Sinvent AS
� Company established 2005 based on technology from SINTEF and IFE � Shareholders: SpinOut Venture II (co- owned by SINTEF Venture and Verdane Capital), IFE, Statoil Innovation and management � RESMAN offers permanent, wireless and reliable downhole measurement systems for inflow monitoring and control � Located in Trondheim. CEO Oddvar Solemsli � www.resman.no 21 Sinvent AS
� Company established 2003 based on technology from SINTEF � Shareholders: SpinOut Venture II (co- owned by SINTEF Venture and Verdane Capital), Såkorninvest Midt- Norge, E-Co Norne and management � Develops and will market resusable crucibles for solar cell production � Located in Trondheim. CEO Arve Solheim � www.crusin.no 22 Sinvent AS
� Company established May 2007, based on chemical and oil/gas competence in SINTEF � Shareholders: SINTEF Venture III, Viking Venture II and Tore Skjetne � The Company develops and will market equipment for water and gas purification and pollution handling � Located in Trondheim. CEO Tore Skjetne � www.ecowat.com 23 Sinvent AS
� Founded in 1998 – SINTEF license converted to shares in the company June 2007, as new investors joined the company � Shareholders: SINTEF Venture III, ProVenture, Alliance Polaris, management � Development and OEM sales of sensors for demanding gas measurement applications � Located in Oslo. CEO: Terje Hanserud � www.optosense.com 24 Sinvent AS
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