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Financing SOFT MONEY AND INNOVATION SYSTEM

Financing »  Founder’s investment (Egen insats)

»  Subsidies (Bidrag)

»  Public capital “Soft money” (Mjuka pengar)

»  Bank loan (Banklån)

»  Private Equity (Ägarkapital) –  Business angels (Affärsänglar)

–  Risk Capitalists (Riskkapitalister)

»  Customers (Kunder)

»  Crowd funding

»  Profit (Vinst)

© LU Innovation System 2010, 2012

Soft money

» Why ?

– Society needs innovation

» New jobs, Increased productivity, Competition

–  Innovations are risky

– Different competences, experience, cross disciplinary

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The Chasm

Research Idea

Profitable Company

”Investable”

Valley of Death Innovation System

TRADITION SINCE 1666

Innovation at Lund University

2016-04-05: ÅForsk & Swedish Incubators & Science Park

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Gambro

“Every day Gambro products save, sustain and improve the lives of patients in all parts of the world.” •  Developed 1946 •  Founded 1964 •  7 500 employees •  Turnover ca. € 300 million

QlikView

“We pioneered new approaches to accessing, managing, and interacting with data.” •  Founded in 1993 •  1 000 employees •  25 000 customers •  100 countries •  Turnover ca. € 200 million

Bluetooth

“Bluetooth wireless technology is simple, secure and everywhere. It enables wireless connections between a huge variety of devices.” •  Invented in 1994 •  Used by over 15 000

companies world wide

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Nicorette

Nicorette

•  Nicotine Replacement therapy,chewing gum, spray and patches

•  Invented 1967 •  Introduced on the market in

1978

We are LU Innovation

LU Innovation in figures

During 2015 LU Innovation handled:

» 104 ideas

» 76 projects

» 27* patents

» 7* company startups

» 6 LUIS AB investments

*Preliminary

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What we offer

Earlier phase

Later phase

•  Business advice and development

•  Patent and IP advice

•  Useful networks (public and private)

•  Legal advice

•  Company formation and licensing

Two full time patent advisors 1. Screening 2. Novelty search 3. Patent application

… strategy

Customer identification Business model Market analysis Regulatory issues … General advice:

75 years of experience Cross discipline / Multiple branches International

•  Finance •  Public financiers, Business angels, Investors

•  Incubators •  Competitions •  Entrepreneurs

•  Non-Disclosure Agreement •  Material Transfer Agreement •  Partner Agreement •  …

What we offer

Earlier phase

Later phase

•  Credibility

•  Investments

•  Administrative and legal support

•  Commitment

© LU Innovation 2015, SOL

LU Innovation process 1.  Idea phase

IDF register, we can spend time (even outside course) Business development manager assigned

2.  Project Evaluation, prototyping, market analysis

3.  Commercial phase License Company

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Should I send an IDF? » Discuss with your supervisor

» General answer is yes

» We send a form

– Name contact info

– Summary

– NABC

– Some specific question around disclosure

» Protected we a password

Business development managers

Diabetes

Annie Chandy

Cancer

Johanna Asklin

Business development managers

Physics, Design, Social Humanities

Maryam Olsson

Electronics, Software, Telecom, Mathematics, Med tech

Sven Olsson

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Business development managers

Technology, Materials, Nano, Production

Thomas Rundqvist

Chemistry, Food, Life Science Bio Science

Helena Ljusberg Wahrer

Soft money at LU Innovation

Support name

IKS1

VfT1

VfS1

Accelerator

Investment LU IS AB

Max. amount

3*5000 kronor

300 000 kronor

150 000 kronor

300 000 kronor

2-500 000 kronor

Soft money others

Support name

ALMI förstudiemedel

Vinnova VfT2

ALMI Invest

Industrifonden

Vinnova Innovativa företag

(H2020, EU, Tillväxtverket)

Max. amount

50 000 kronor

2 million kronor

5 million kronor

20(?) million kronor

4*0,5 million kronor

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Business Angels

» Connect - ConnectSkåne

– Mentor

– Spring board

–  Lunch meeting

» ALMI Delfinerna

» Networks (PULS, Spiltan, Augmenta, …)

Competetions

Innovationspriset

Venture Cup

Sten K Jonssons Stiftelse

(Skapapriset, morotspriset, …)

150 000 kronor + 2*50 000 kronor

Reg. 100 000 kr, Nat. 500 000? kr

Max 300 000 kronor

Incubators

»  Ideon Innovation, Ideon Open, Creative Plot

» MINC

» Life Science Incubator

» VentureLab, Växthuset

» LNC Lunds nyföretagarcentrum, LIFT

» Think

» Krinova

Mats Dunmar

Per Garvell