UNICAMP Shirley Jamieson, Head of Marketing, Cambridge Enterprise Limited University of Cambridge 22 May 2014
The average lifespan of a company listed in the S&P 500 index of leading US companies has decreased by more than 50 years in the last century, from 67 years in the 1920s to just 15 years today. Professor Richard Foster Yale University 2012
Cambridge Population • Region: 5.7million • City + 25 mile radius: 1millon • City :125,000 + 30,000 students
University of Cambridge University established in 1209 Students: 18,243 (11,948 u/g, 6,295 p/g) (2011/12) 20% from overseas representing 100 countries Over 100 departments, faculties and schools World Class Ranking QS World University Rankings 2013 (2012) 1. MIT (1) 6. Oxford (5) 2. Harvard (3) 7. Stanford (15) 3. Cambridge (2) 8. Yale (7) 4. UCL (4) 9. Chicago (8) 5. Imperial (6) 10. Caltech (10)
Innovation and the University’s mission The mission of the University of Cambridge is to contribute to society through the pursuit of education, learning, and research at the highest international levels of excellence
WHAT IS CAMBRIDGE’S IMPACT IN 2014?
Cambridge & innovation in numbers £13+ 1,500 57,000
Cambridge & innovation in numbers 200 + £250+
Cambridge innovation in numbers
Cambridge & innovation in numbers
Cambridge & innovation in numbers
What about industry? WHAT ABOUT INDUSTRY?
HEADLINE STUDIES • Headline facts and figures: – The Cambridge Phenomenon , SQW (1985): • 350 high-tech firms, emerging cluster – The Cambridge Phenomenon Revisited (2002): • 2001: 3,500 high-tech firms employing 50,000 – GCP area – Cambridge Technopole Report : • 2006: Number of high-tech firms: 1,500, employing 45,000 • 2008: Number of high-tech firms: 1,400, employment: 43,000
• Cambridge Phenomenon recognised role of Mott Report • Published by CU Senate 1969, long consultation • Response to refusal to house IBM Europe lab in Cambridge • Reversal of 20+ years of planning (Lewis Silkin; Holford principles 1950) • Led to creation of Science Park (1970), SJIC (1987) • New, not smoke- stack industries; University’s permissive approach • Not imposing central planning but: • BOTH removing central planning restrictions • AND providing a sense of vision and direction • Cambridge then small enough for ‘1000 flowers to bloom’
• 1878: Cavendish Laboratory workshop to manufacture apparatus – Robert Fulcher, mechanic employed by Cavendish workshop, left to set up firm supplying scientific equipment to University – Horace Darwin (son of Charles) assists Fulcher with design • 1881: Darwin buys Cambs Scientific Instrument Company from Fulcher • 1896: PYE Ltd spin-out from Cavendish workshop • William George Pye apprentice at Cambs Scientific Instrument Co • 1966: 60% of PYE sold to Philips Electronic Industries • CSIC also sold to Philips, intellectual property passes to Leica • Beginnings of repeat patterns: • Inter-related spin-outs, indirect role of University • Capital realisation often through overseas trade sale
Sector Evolution Radio Scientific Instruments Aerospace CAD Industrial Inkjet Radio Tech Consulting Scientific Instruments Software Aerospace Computing Radio CAD Telecoms Scientific Instruments Industrial Inkjet Semiconductors Radio Aerospace Tech Consulting Plastic Electronics Scientific CAD Software Wireless Communications Radio Instruments Industrial Inkjet Computing Radio Web Services Scientific Aerospace Tech Consulting Telecoms Scientific Instruments Nanotechnology Instruments CAD Software Semiconductors Aerospace Sensors Aerospace Industrial Inkjet Computing Plastic Electronics Green/CleanTech CAD Tech Consulting Energy Monitoring & Control Software Biotechnology Biotechnology Pharmaceutical R&D Pharmaceutical R&D Biotechnology Monoclonal Antibodies Pharmaceutical R&D Healthcare Technology Monoclonal Antibodies Medical Devices Healthcare Technology Drug Delivery Medical Devices Drug Delivery Bioinformatics Stem Cells Pre- 1960 1970 1980 1990 2000 2010 1960 16 26 March 2013
Cambridge Science Parks
CAMBRIDGE’S NECKLACE OF SCIENCE PARKS • • Cambridge Science Park Babraham Research Campus • St John’s Innovation Park • Cambridge BioMedical Campus • • Cambridge Business Park Granta Park • • Vision Park Chesterford Research Park • • Cambridge Research Park Wellcome Trust Genome Campus • • Peterhouse Technology Park Melbourn Science Park
The Cambridge Science Park - the first • Founded 1970, response to Mott Report • Owned and funded by Trinity College • NO public funding • Vision of Sir John Bradfield 61.5 Hectares; 145,540 m 2 R&D space • • 4km from City Centre, opposite SJIC • Mainly one-way traffic of growth firms • 100 companies, 5000 people • Early-stage start units also • Limited social facilities (restaurant, gym, ATM)
St John’s Innovation Centre • Established by St John’s College in 1987 to provide flexible accommodation and business support services to early-stage, knowledge-based companies.
Add some consultancy firms to the mix • Cambridge Consultants 1960: spin-outs • Domino, Xaar, Prelude Trust, CSR, Vivid (IPOs) • Alphamosaic, Inca (trade sales) • Scientific Generics, formed 1986 by Gordon Edge • Spun-out Chord Capital, venture investment arm • TTP Group set-up 1988 • Includes TTP Ventures: Element 14 ($250m trade-sale) , Alphamosaic ($123m trade-sale), Oxford Diffraction ($37m trade-sale) and Argenta Discovery 2009 ( € 16.5m trade-sale) • ALSO: PA Consulting (1943)
The Cambridge model • Recruit the best academics in the world • Give them the freedom to do what they choose. • IP belongs to the University unless requested by the academics
Ideas that have changed the world
Cambridge ideas change the world ARM Raspberry Pi EDSAC Solexa (acquired by BlueGnome (aquired by Crick & Watson Illumina in 2006) Illumina in 2012) DNA sequencing Screening for aneuploidy
Raspberry Pi Inspired by Acorn’s 1981 BBC Micro the Raspberry Pi was conceived to encourage programming skills in school students with a low cost ($30) computer. The Raspberry Pi Foundation is a charity supported by the University of Cambridge Computer Laboratory and Broadcom.
Cambridge Enterprise “Cambridge Enterprise exists to help University of Cambridge inventors, innovators and entrepreneurs make their ideas and concepts more commercially successful for the benefit of society, the UK economy, the inventors and the University”
Cambridge Enterprise Group
Group performance 2012/13
Group income 2010/11 – 2012/13 18.000 16.000 14.000 12.000 Equity realisations (Seed Funds) 10.000 Equity realisations (licence) Exceptional licence 8.000 income Ordinary licence income 6.000 4.000 2.000 0 2010/11 2011/12 2012/13 All amounts are gross
University revenue sharing from licensing technology Net Income (opt in) Inventor(s) Department(s) University First £100,000 90% 5% 5% Next £100,000 60% 20% 20% Above £200,000 34% 33% 33% Net Income (opt Inventor(s) Department(s) University out) First £50,000 100% 0% 0% Above £50,000 85% 7.5% 7.5%
Recent news – 20 January 2014
Recent news – 21 October 2013
Recent news – 16 September 2013
Cambridge Enterprise Venture Partners 2010/11 • Group meets 3 times per year • Presentations from investment-ready University of Cambridge originated companies • Aim to provide co-investment and next round investment opportunities to the group where CESF already invested • Currently 18 members, comprising of venture capital firms, including:
Recent news – 10 October 2013
Official opening of Cambridge labs at SBC The University laboratories at the Stevenage Bioscience Catalyst, where Cambridge researchers are developing potential new treatments for MS, animal allergies and hypersensitivity to heat in collaboration with industry, are now officially open.
Edison didn't invent the light bulb by researching candles
Thanks Cambridge Enterprise Limited University of Cambridge Hauser Forum 3 Charles Babbage Road Cambridge CB3 0GT UK Tel: +44 (0)1223 760339 Fax: +44 (0)1223 763753 Email: enquiries@enterprise.cam.ac.uk www.enterprise.cam.ac.uk
Recommend
More recommend
