Jens Kristian Damsgaard, CEOScience Ventures Denmark A/S Energy Invest Fionia A/S

Denmark is increasing public R&D spending in the eye of the

financial storm

Can Technology Transfer deliver ?

Deliver value

New jobs

Tax rev.

High tech

High value and

salaries

Export

Capture value (TTO)

Spin-outs

Licensing

Coll. R&D

Create valueUniversity/hospital

R&D Federal labs R&D

DENMARKBasic facts:

• 5,5 million people (like Toronto, CN)

• 8 universities – 135.000 students

• Public spending on R&D $ 3,5 billions (1,07% of GDP in 2013)

• Private spending on R&D $ 6,5 billions (- 2% of GDP in 2013)

TOP 5 GLOBAL

Legal framework

“Bayh Dole act”

IPR assignment

Obligation to commercia.

TT law

Spin-outs cash

investment

Collaborative R&D

Industry license Spin-out

P I C K O N E !

Country2010

US Denmark

Public R&D expenditure/per capita, US$ billions

1,05(402)

1(5)

Number of spin-outs/per US$ billions invested in R&D

1,7 2,2

Number of licensing deals/per US$ billions invested in R&D

12,2 20

Number of patent disclosures/per US$ billions invested in R&D

54 65,6

Revenue ($ millions) from licensing and exits/per US$ billions invested in R&D

3,73 0,2!

Some high-value start-ups are born in Denmarke.g.

• Skype acquired by eBay / Microsoft ($10 billion deals)• Damgaard Data acquired by Microsoft Business Solutions

($2 billion deal)• Giga acquired by Intel ($2 billion deal)• Vestas + several $-billion deals in the wind industry

HOWEVER; they are rarely (read: NEVER!) build on university IP!

YES we can!

NO we can´t

Employee culture

Tax system

No sense of urgency

Too few academics in private sector

Venture cap

High quality R&D

Transparency

Worried tax payer!