Innovation China UK (ICUK)

1
Innovation China UK (ICUK)

• Helping Develop Economic Relations between China
  and the UK through Early Stage Technology
  Commercialization
• Caroline Quest
• ICUK Chairman

2
Introduction

• What is ICUK?
• How Does it Work?
• Why the ICUK Project Will Help Develop Economic
  Relations between China and the UK?

3

• What is ICUK?

4
What is ICUK?

• Project Title
• Innovation China UK (ICUK)
• Innovation China UK (ICUK) will be the first
  collaborative research, networking and knowledge
  transfer partnership dedicated to the
  commercialisation of early stage technologies.
• ICUK will support five UK Higher Education
  Institutes (HEIs) and more than twenty Chinese
  research institutes in universities and research
  academies in promoting innovation through
  collaboration and commercialisation of joint
  research worldwide.

5
ICUK Activities

• ICUK Proof of Concept Fund to support staff
  exchange, feasibility studies, Proof-of-Concept
  research projects.
• Proof of Concept
• Grants available to UK academics from HEIFE/DTI,
  UK
• Grants available to Chinese academics from MoST,
  China
• Joint Intellectual Property (IP) development and
  exploitation agreements
• ICUK Knowledge Network
• Events, seminars, showcase technologies,
  Knowledge exchange
• Web-based communications

6
ICUK UK Partners

• Queen Mary, University of London (lead),
• Kings College London,
• Royal Veterinary College,
• University of Nottingham,
• University of Southampton

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ICUK Chinese Partners
All Chinese research institutes in universities
and research academies are welcome to become ICUK
Chinese partners. Currently, partners are

• CAS, Tsinghua, Beijing Uni., Fudan Uni., Shanghai
  Jiaotong Uni., BUAA, China Ocean University,
  Nanjing Uni., NWPU, Xian Jiaotong, Tongji Uni.,
  Beijing TCM Uni.,
• Shanghai Medical Uni., CASM, Hong Kong Uni,
  Dalian Uni. of Tech., Chengdu Uni., Suzhou Uni.,
  China Uni. of Science and Technology and Nankai
  University

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ICUK Potential Project

• Examples of 50 potential projects identified in
  ICUK partnership

• High-performance aerospace composites
• anti-virus/bacterial nano-materials
• wind turbines
• fly wheel energy storage
• space bio-engineering,
• nano-propultion and telecommunication

• therapies and devices for vascular disease
• vaccines for infectious diseases
  (HIV/Hepatitis/influenza)
• hydrogen storage drug discovery (Traditional
  Chinese Medicine)
• stem-cell therapies
• marine biology
• age-related diseases
• etc.

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ICUK Joint Deliverables (1)

• Sustainable academic / industry involvement in
  both UK and China
• Joint projects funded, joint papers published and
  joint patents filed / enhanced
• Leveraged RD funding from commercial sources (eg
  VC, business angels) and public sources (eg EU,
  RC)
• Licensing, assignment and option agreements with
  industry
• Technology start-ups
• Published guidance on collaboration, Intellectual
  Property and technology transfer practice

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ICUK Joint Deliverables (2)
Activities Activities Activities Deliverables Deliverables
ICUK Collaboration Development Fund ICUK Collaboration Development Fund ICUK Collaboration Development Fund Year 1 Year 2
(1) Staff exchange/feasibility study ( 15k) Applications 32 35
(75 success rate ) Awards 24 26
(2) Proof-of-Concept (on average 60k) Applications 24 36
(30 success rate) Awards 8 12
(3) Proof-of-Concept Level II ( 100K) Applications 8 12
(50 success rate) awards 4 6
No. of Academic engaged/exchanged through the development fund 60 80
No. of joint research papers submitted for publication 10 15
No. of UK business engaged in the projects 15 20
UK industry RD expenditure generated/leveraged 200k 300k
Table Collaboration Development Fund Outputs
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• How Does ICUK Work?

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ICUK Project Governance Management
HEFCE/DTI
MoST
ICUK Board
Collaboration Development Fund Panel
Investors Forum
ICUK Executive Director
Executive Team China
Executive Team UK
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ICUK Proof-of-Concept Fund Operation
Industry Supporting Events
UK Fund
UK Academic
Joint Application Form
Yes
Project Proceeding
Ranking
Funding Criteria ?
Project Launching
No
China Fund
China Academic
Industry Supporting Events
Figure Proof-of-Concept Fund Call Flow Chart

• A Joint Application Form is submitted to the
  bilateral funding panels for assessment.
• The published funding Criteria will be the
  benchmark of bilateral assessment.
• The top rated proposals involving a UK ICUK
  partner are funded on the UK
• side by the UKs HEIF award the top rated
  proposals involving a China
• ICUK partner are funded on the Chinese side
  by MoST.

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ICUK Documentation

• ICUK Proof of Concept Funding Joint Application
  Form
• ICUK ?????????????
• ICUK Collaboration Development Fund Guidelines
  for Preparing an Application for Proof of
  Concept Project Level I II
• ICUK?????? ??????????????????
• ICUK Collaboration Development Fund Proof of
  Concept Funding Criteria
• ICUK ????????????????
• Terms of Reference of ICUK Collaboration
  Development Fund in the UK
• Innovation China UK (ICUK) Proof of Concept
  Funding Agreement
• ICUK????????
• ICUK Partner Exploitation Agreement
• ICUK ??????
• Innovation China UK (ICUK) Proof of Concept Fund
  Confidential
• Disclosure Agreement

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IP Ownership Exploitation within ICUK
Agreement for the offer of Proof of Concept
Funding
Confidential Disclosure Agreement
UK Partner
UK Partner
Proposal
ICUK Partner Exploitation Agreement
China Partner
China Partner
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ICUK Communication

• Online community portal and journaling tools
• Regular events including two annual conferences
  and at least eight workshops on priority
  technology areas to enhance knowledge exchange,
  technology transfer, commercialisation and new
  collaboration opportunities
• ICUK will publish ICUK News to keep partner
  organisations and stakeholders informed of
  progress with ICUK
• ICUKs PR and marketing activities will be
  carried out by experienced communications
  professionals with extensive experience
• A range of services relevant to collaborators and
  stakeholders will be promoted through the
  Knowledge Network.

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• Why the ICUK Project Will Help Develop Economics
  Relations between China and the UK?

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• Why the ICUK Project Will Help Economic Relations
  between China and the UK?
• Value-added and Innovative
• Culturally Competent
• Manageable Sized Project-Pilot
• Therefore, mutually beneficial.

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Value-added and Innovative (1)

• Proof of Concept Fund Idea
• Purpose of PoC
• Support technologies/business ideas
• To reduce the risks by investors involved in
  early development to the stage.
• Address the TWO big uncertainties of early stage
  development
• Manufacturability
• Marketability.
• Evaluation Methods of PoC--must assess both
• The probability that the project proposal will be
  successfully carried out.
• The potential to create a business opportunity
  from the technology/idea

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Value-added and Innovative (2)

• Proof of Concept idea in UK
• The centre of global innovation networks among
  the world
• Use research and innovation to meet international
  development goals
• Drive UK research and industry application in
  high-tech area, such as Bioscience,
  Nano-materials and Space technology.
• Proof of Concept idea in China
• A brand-new idea introduced to Chinese research
  area
• Encourage Chinese research to become
  commercially-oriented and competitive
• Enhance capability of Chinese to collaborate with
  a world class research community

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Culturally Competent

• Equal Participation
• Translation
• Flexibility
• Funding processes
• Funding Priorities

Proof-of-Concept Fund

??????
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Manageable Sized Project-Pilot

• 5 UK Partners
• 20 Chinese Partners

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Innovation China UK (ICUK)

• The End
• Thanks for Listening.
• ??????!
• Caroline Quest
• ICUK Chairman
• June, 2007