Transcript HEIF3 Competitive Funding

Innovation China UK (ICUK)
Helping Develop Economic Relations between China
and the UK through Early Stage Technology
Commercialization
Caroline Quest
ICUK Chairman
Introduction

What is ICUK?

How Does it Work?

Why the ICUK Project Will Help Develop Economic
Relations between China and the UK?
What is ICUK?
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.
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
ICUK UK Partners





Queen Mary, University of London (lead),
King’s College London,
Royal Veterinary College,
University of Nottingham,
University of Southampton
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, Xi’an
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
ICUK Potential Project
Examples of 50 potential projects identified in ICUK partnership:






High-performance aerospace
composites;
anti-virus/bacterial nanomaterials;
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.
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 R&D 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
ICUK Joint Deliverables (2)
Activities
Deliverables
ICUK Collaboration Development Fund
Year 1
Year 2
(1)
(2)
(3)
Staff exchange/feasibility study (≤ £ 15k)
Applications
32
35
(75% success rate )
Awards
24
26
Proof-of-Concept (on average ≤ £60k)
Applications
24
36
(30% success rate)
Awards
8
12
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 R&D expenditure
generated/leveraged
200k
300k
Table: Collaboration Development Fund Outputs
How Does ICUK Work?
ICUK Project Governance & Management
HEFCE/DTI
MoST
ICUK
Board
Investors’ Forum
Collaboration
Development Fund Panel
ICUK
Executive
Director
Executive Team
UK
Executive Team
China
ICUK Proof-of-Concept Fund Operation
Industry Supporting & Events
UK Academic
UK Fund
UK Panel
Rank
UK Side
Joint
Application
Form
Ranking
Rank
China Side
China
Panel
China
Academic
Yes
Funding
Criteria
?
Project
Launching
Project
Proceeding
No
Application
Declined
China Fund
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 UK’s HEIF award; the top rated proposals involving a China
ICUK partner are funded on the Chinese side by MoST.
ICUK Documentation




ICUK Proof of Concept Funding Joint Application Form
《ICUK 概念验证基金项目联合申请表》
ICUK Collaboration Development Fund Guidelines for Preparing an Application for Proof
of Concept Project Level I & II
《ICUK合作发展基金: 申请概念验证基金级别一和级别二的说明 》

ICUK Collaboration Development Fund Proof of Concept Funding Criteria
《ICUK 合作发展基金概念验证基金资助条件》

Terms of Reference of ICUK Collaboration Development Fund in the UK

Innovation China UK (ICUK) Proof of Concept Funding Agreement
《ICUK概念验证基金协议》






ICUK Partner Exploitation Agreement
《ICUK 合作开发协议》
Innovation China UK (ICUK) Proof of Concept Fund Confidential
Disclosure Agreement
《ICUK概念验证基金保密协议》
IP Ownership & Exploitation within ICUK
Agreement for the offer of
Proof of Concept Funding
UK Partner
Confidential
Disclosure
Agreement
China Partner
Approved by
ICUK UK Panel
UK Partner
Confidential Disclosure
Agreement
ICUK UK Panel
ICUK Partner
Exploitation
Agreement
China Partner
Proposal
ICUK China Panel
Panel terms of reference
(both UK and China)
Approved by
ICUK China
Panel
Agreement for
MoST funds
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;
ICUK’s 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.
Why the ICUK Project Will Help
Develop Economics Relations
between China and the UK?

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.
Value-added and Innovative (1)

Proof of Concept Fund Idea

Purpose of PoC:



Address the TWO big uncertainties of early stage development:



Support technologies/business ideas
To reduce the risks by investors involved in early development to the
stage.
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
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
“Culturally Competent”

Equal Participation

Translation

Flexibility


Funding processes
Funding Priorities
Manageable Sized Project-Pilot

5 UK Partners

20 Chinese Partners
Innovation China UK (ICUK)
The End
Thanks for Listening.
谢谢您的参与！
Caroline Quest
ICUK Chairman
June, 2007