commercialisation in the go8: 1% inspiration, 99% perspiration charlie day, melbourne ventures on...
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Commercialisation in the Go8:1% Inspiration, 99% Perspiration
Charlie Day, Melbourne Ventures
On behalf of the Go8 Directors Commercialisation
May 2009
IntroductionsCharlie Day University of Melbourne
Mark Bennett University of NSW
Robert Chalmers University of Adelaide
David Henderson University of Queensland
Rod Hill Monash University
Peter Isdale IMB Com
Victor Pantano Australian National University
Isaac Shariv University of Sydney
Andy Sierakowski University of WA
Intangible assets like IP are increasingly important
It’s important for very real reasons
Zephyr StyleADVISOR Zephyr StyleADVISOR: Ocean Tomo
Manager PerformanceSingle Computation
July 1997 - June 2007
90
150
200
250
280
Ocean Tomo 300 PatentS&P 500
-10%
30%
70%
Jun 1997 Feb 1999 Oct 2000 Jun 2002 Feb 2004 Jun 2007
Cumulative Excess Returnvs. Market Benchmark
Commercialisation activities at Go8 are becoming increasingly
mature• Professional Staffing
• Dedicated funds with institutional support
• Diversity in approach
• Track record of success
Increasing recognition that success is not just about luck, but about consistent and persistent execution
Increasing recognition that success is not just about luck, but about consistent and persistent execution
We face many challenges
• Severe funding squeeze
• Uncertainty about the role of Government
• Uncertainty on the IP landscape
• An evolving commercial landscape
Source: AVCAL
Venture Capital in Australia
What do we mean by “Free”
Go8 Directors Commercialisation are working together on a
number of fronts• Benchmarking of performance
• Informing the public debate on the appropriate role for Universities in a knowledge economy
We see a vital role for our group in helping to deliver the economic dividend from increased research funding
We see a vital role for our group in helping to deliver the economic dividend from increased research funding