Transcript Emerging Technologies

EuroSciCon – March 14th 2008
How can I spin out my research and
become a company ?
An Exploration
BioPark, Welwyn Garden City, Hertfordshire
Professor Alan Barrell
Slide 1
How can I spin out my research and become
a company?
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Some Questions and Issues
Have I decided – or am I exploring ?
WHY would I ? What is stimulating me ?
Do I have a VISION – I want to fulfil ?
Can I express it clearly ?
Do I have PASSION and INSPIRATION ?
Do I have a supportive team and family ?
What’s my RISK profile ?
Do I have GLOBAL aspirations ?
Slide 2
More Questions for Entrepreneurs
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Is my intellectual property valuable and protected ?
Have I set up a company properly – within the law ?
Do I have the finance to make my plans successful?
If I don’t have the finance – where will it come from ?
In this regard – do I have a strong and clear Business
Plan ?
• Can I confidently present my Business Model to
aggressive investors?
• Do I have a strong and reliable team to carry through the
plan ?
• Is my role clear – in the new company context?
Slide 3
And there are still more……
• Am I confident I can carry out the role I am assigning
myself ? Do I have a mentor ? Or need one ?
• How clear and confident am I that there is a REAL
market for what I plan to do ? Who will BUY what we
have ?
• Have I looked closely and carefully at Competition ?
• Am I ready to take RISKS ?
• Do I know what my NEXT STEPS should be ?
Slide 4
Starting with HEROES and HEROICS
The Spirit of Exploration and
Adventure
Inspiration is often a starting
point….
Slide 5
Do HEROES change World ? – what are they
good at? ……could it be….
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Exploring……
Discovering….
Risking………
Believing…….
Creating……..
Changing…….
Enabling……..
Visualising…..
Slide 6
Pericles – “First Citizen of Athens” – Soldier,
Thinker, Leader, “Culture, Beauty, Glory”
Slide 10
Aristotle – Plato – “Before their time –
Thinkers, Philosophers, Leaders”
Slide 11
About the same time in China………“The Greatest
Master” ? – Can we learn anything…..
Slide 12
A REAL Hero….he changed the
WORLD ! From a prison cell
Slide 13
A Hero’s Home for 18 Years….Could
WE have survived it ?
Slide 14
China Wakes ! A Recent Chinese Hero
“To get rich is
GLORIOUS”
Deng Xiaoping 1982
Slide 15
A “Brainpower Hero”
Slide 16
Einstein on IMAGINATION….
“Imagination is more important than
knowledge. Knowledge is limited.
Imagination encircles the world”
Albert Einstein 1879 - 1955
Slide 17
Which great scientist / entrepreneur was born 200
years ago in 2009 ? He had world changing
Imagination….
Slide 18
So lets think about - IMAGINATION,
CREATIVITY MINDSET ENTERPRISE and
ENTREPRENEURSHIP
Slide 19
Why MINDSET matters – what’s an
Entrepreneur ?
“You look at things
and ask - why?
but I dream of
things that never
were and ask why not?”
George Bernard Shaw
Slide 20
Schumpeter (1911) on Entrepreneurs
“Entrepreneurs blow gales
of creative destruction.”
Role of the entrepreneur in transforming economies by
developing:
 New products
 New methods of production
 New ways of organizing
 Untapped raw materials
 Enhanced competitive performance
Josef Schumpeter Vienna 1911
Slide 21
Slide 22
Exploring Creativity and Innovation
• CREATIVITY – The ability to develop new ideas
and discover new ways of looking at problems
and opportunities
• INNOVATION – The ability to apply creative
solutions to problems and opportunities to
enhance or enrich peoples lives
• Creativity is THINKING – Innovation is DOING –
discuss please !
• Consider the relationship between Creativity,
Innovation and Vision………
Slide 23
Three Converging Revolutions
Three Pervasive Technology Platforms
BIO TECH
Pharmaceuticals
Diagnostics
Research/Info
Tools
Industrial
INFO TECH
Hardware
Software
Communications
Genomics
Bioinformatics
Proteomics
Biosensors
Biochips
Bioelectronics
Microfluidics
Nanobiotechnology
Drug Delivery
Nanodevices
Nanosensors
Nanoelectronics
NANO TECH
Electrical
Structural
Biomedical
Energy & Environment
Slide 24
Innovation and the Impact of
Technology -Traffic in one day in 2003:
1971
All international phone calls
1975
All airline passengers
1984
All mobile phones
1992
All emails
1998
Source: Analysys, World Bank and ITU
Slide 26
All SMS
Thinking of Creativity and Innovation Would you invest in this team ?
Slide 27
What did you decide? Creativity and Innovation are
“inside” not “outside” qualities. Presentational
styles have changed !
Microsoft Corporation, 1978
Slide 28
Leadership, Vision and Achievement –
Balancing Vision with Plans and Action
• Vision without Action is a Daydream….
• Action without vision is a Nightmare….
Japanese Proverb – Anon
Slide 29
Building an Enterprise Society. Networking and Communities –
Manageable Units – working where real PEOPLE can influence
things – and “our business” can contribute
National economy
Regional economic development
Sub-regional development
Building communities of
enterprise,social inclusion and
common purpose
Slide 30
The Competitive Threat
“Today’s Peacock is tomorrow’s feather duster” –
Think about it……..
Slide 32
In Pursuit of Excellence !
“Excellence can be achieved, if we:
Care more than others think is wise,
Risk more than others think is safe,
Dream more than others think is practical,
Expect more than others think is possible.”
Deborah Johnson-Ross
Slide 33
An invitation to explore further….
www.alanbarrell.com
[email protected]
Slide 34