Learn From Success Experiences of the U.K., the U.S.,Israel, GLORIA Drives New Momentum in Innovation
Benchmark Learn From Success Experiences of the U.K., the U.S.,Israel, GLORIA Drives New Momentum in Innovation
The success experiences of U.K., U.S., and Israel show the key factor is create value focused mechanism, integrating innovation from university to deepen Industry-Academic Collaboration, and facilitate tightly connected Eco-system. This is what GLORIA benchmarked.

“Volume doesn’t generate Value, We have to generate a culture within the technology transfer that’s value focused.”Dr. Yaron Daniely, CEO of Yissum, Israel.

Yissum is the technology transfer company of The Hebrew University of Jerusalem in Israel. It’s the third university's fund company to do technology transfer in the world, and the exclusive owner of all Hebrew University intellectual property. All the intellectual property generated by research students and faculty at Hebrew University is assigned to Yissum, which make sure the power of decision made by Yissum.

“We strongly believe that spin-off and startups that start with a faculty member being the entrepreneur, or maybe the scientific entrepreneur, and they collaborate with an external business entrepreneur, have a greater chance of success.” said by Dr. Yaron Daniely, CEO of Yissum. In 2017, Yissum has created the program called EDGEs (Enterprise Driven Generators). This program in which even if a corporate partner doesn't have specific asset that they can take immediately from the technology transfer office, we draft a request proposal. It's a 2 or 3 pages proposal, include what is that partner looking for? And what are they willing to pay for that? And faculty members respond to those. These are new ideas and pre-inventions. Let corporate partner select whatever they want to fund. So both they and faculty members win.

This program allows with no strings attached, and no commitment on behalf of industry to convey to the faculty members. Industry needs is having new ideas generated, having initial partnerships formed, and this kind of small partnerships will flourish into a deeper and longer term partnerships.

“What industry is looking for is not the best science. They're looking for the best solution to enable them to grow, or to improve that operating margins.”Mr. Brian Graves, Managing Director of Imperial Innovations, U.K.

Imperial Innovations is wholly owned by Imperial College at beginning. In 2005, they did a private placing of share. And then in 2006, they floated the business on the London stock market, and raised money from the public markets. Last year, they were acquired by another similar business based in the U.K., called IP group. The combined value of these combinations, as IP group has post on the main market in London, and has a market capitalization of about 1.3 billion pounds. This is a very unusual structure, and almost unique to the U.K. It has enabled Imperial Innovations to bring what we called “patient capital” into support the investment into early stage companies.

Universities are very special institutions, because they're the only institutions that provide innovation, technology, talent, and skills all together. But if you ask industry what new products do they want? They can not answer it. Said by Mr. Brian Graves. In order to digging true needs of industry. The Ecosystem build by government, industry, and universities in U.K., which is focused on creating incentive.
Through stakeholders contribute and collaborate together to the operate of Ecosystem, the network will expand continuously, and make social and economic impact eventually.

“Now the Industry-Academia Collaboration and technology transfer is different from the past. We should focus on innovation, not just filling patent.”Dr. James Severson, Past President of AUTM, U.S.

Innovation have a significant impact on our economies. According to The Association of University Technology Managers (AUTM) estimated that in the three years from 2013 to 2016 over 28, 000 new products were introduced to the market based on licenses from U.S. academic institutions. The economic impact over 300 billion dollars.

Commercialize the academic research is a challenging process. It doesn't happen easily and it’s a high risk business. The 25% rule, it’s hovered right around 25%. That means, 25% of the patents that are filed, actually get licensed. It means a great proportion of patent owned by universities did not get licensed. “One of the worst complaints that universities tech-transfer offices get is that you get called the black hole. Things go in and never come out.” said by Dr. James Severson. Too much university tech-transfer in the U.S. still is done by the push method, should transformed to pull method, which is driven by what does industry want.
From the experience of Israel, the U.K. and the U.S., it encourages teachers and students to cooperate with the industry, such as bottom-up (button-time) promotion, and top-down (top-down) clear policy stance, just like international production. The two-way approach that the Alliance (GLORIA) is actively promoting will enable effective industry-university partnerships and accelerate the realization of self-sufficient operational mechanisms.