This document discusses knowledge transfer within innovation ecosystems. It describes the University of Minho's research activities, partnerships, student mobility programs, and campus infrastructure. It also outlines the university's innovation and entrepreneurship pipeline from idea generation to mature companies. Examples are provided of two University of Minho spinoffs, Stemmatters and Biomode, including their business models, fundraising strategies, and exit plans. The role of venture capital and business angels in innovation ecosystems is also examined, focusing on what they look for in potential investments and where they focus their attention.

1. KNOWLEDGE TRANSFER WITHIN
THE INNOVATION ECOSYSTEMS
José F. G. Mendes
Vice-Rector for Knowledge Transfer & Special Projects
jmendes@reitoria.uminho.pt
2014

2. Exporting
companies
> 10 M€
> 1000 Ph.D
1/2 in S&T
Access to
VC/ BA
Knowledge
transfer
know-how
Technology
Centers for
industry-
support
S&T park
R&D Labs
Research
University
Incubation
system
INNOVATION & ENTREPRENEURSHIP ECOSYSTEMS

3. 2013
Research:
35 Research Centers
65% Excellent, Very Good
(80% of researchers)
17 projects funded EU-FP7
15 projects funded ADI
360 projects national
MIT-Portugal
CMU-Portugal
UT Austin-Portugal
Harvard-Portugal
11 schools/faculties :: 19.000+ students :: 1.200 faculty (95% Ph.D)
Mobility:
500 outgoing students
600 incoming foreign students
300 mobility protocols worldwide
2.000 foreign students
2 Campi
4 Multifunction poles
53 Graduation Programs
130 Master Programs
22 PhD Programs

4. UMinho Innovation & Entrepreneurship Pipeline
Aceleration
Incubation
Validation
Verification
Ignition
R&D
Business
Idea
Value
Proposition
Business
Plan
Spin-off
Start-up
Mature
Company

6. PATENTS: 1997-2012

7. UMinho Innovation & Entrepreneurship Ecosystem (2011)

8. COTEC PRIZES
2012: Better University Entrepreneurship Program (1st prize)
2013: Cooperation University-Industry (2nd prize)

9. some UMinho spinoffs
VISION
LEADERSHIP
BRAND

10. Stemmatters S.A.
Leading biotechnology company focused in regenerative
medicine.
Business model:
Seeks to spinoff R&D unit (strategic investor)
Provides contract manufacturing for:
Tissue processing; Cell based product manufacturing;
Cell banking
Fund-raising:
5.0 M€ first round til 2017
Exit strategy:
Trade sale R&D IP at clinical stage of development.
Investment multiple: >20x
Spinoff Life banking unit within 3 years.
Investment multiple: >10x
Biomode S.A.
State-of-the-art molecular diagnostic test for agro-food
industry based on PNA-FISH technology.
Business model:
Food safety testing kits basen on PNA-FISH outperform
currently available tests in relevant attributes.
Net income per sample 1,40 € (35% of price)
Distribution through licensing.
Fund-raising:
1.6 M€.
Exit strategy:
Trade sale

12. What
VC/BA look
for

13. Where
VC/BA
focus on
What
VC/BA look
for

14. What VC/BA
refuse to
support
Where
VC/BA
focus on
What
VC/BA look
for

15. What VC/BA
refuse to
support
Where
VC/BA
focus on
What
VC/BA look
for
Risk taking
(risk portefolio)
Smart funding
(management & market)

16. José F. G. Mendes
Vice-Rector for Knowledge Transfer & Special Projects
jmendes@reitoria.uminho.pt
2014
KNOWLEDGE TRANSFER WITHIN
THE INNOVATION ECOSYSTEMS