Complete Summary of Innovation Management, Academic Year 2022
48 views 0 purchase
Course
Innovatiemanagement
Institution
Universiteit Gent (UGent)
These documents include a complete summary of the course of Innovation Management given to the master in Biomedical Sciences (UGent) by professors Jan Demolder and Carla Snoeck
Start-up Innovation management
Starting a New Venture – why not?
• Why? Because start-ups lack:
o Reputation, systems, processes, management, team
o Huge cost and risky (<-> established companies have resources)
o Why not simply form an alliance (license, joint venture)
Ways to exploit an academic invention
• Via granting a license to a pre-existing company
• Via establishing a start-up company
• Choice depends on:
o The regional environment (e.g. Belgium, Flanders)
o The institutional environment (University, fundamental research)
o The specifics of the invention
• What are your objectives?
o Generate (more) money for your institute
o Translate research into products for benefit of society (e.g. VIB money from
Flemish government)
o Create (regional) industrial activity
o Create (regional) jobs: local stimulation of the economy
o Contribute to (regional) innovation
Licensing
Start-up
Regional Abroad [regional]
1. Generate € ++ ++ +
2. Product to society + + +
3. Regional Industrial activity + - +
4. New Jobs in the region + - ++
5. Regional IPR position + - ++
• Licensing (existing company): quick return vs start-up: long-term, only when sold =
cashing
, License Service SU VC VC Asset
Platform Centric SU
SU
1. Scope of ≥1 ≥1 >1 ≥1
applications ≥1 ≥1 >>>1 ≥1
• fields
• products
2. Patent protection no no yes yes
• needed narrow- narrow- broad broad
• scope broad broad
3. Freedom-to- not preferable necessity necessity
operate necessary
4. Market minor medium major major
• need any any new, new,
• stage small-large small-large emerging emerging
• size low-high low-medium or fast or fast
• competition growing growing
large large
low low
• Scope: narrow vs broad à one drug for specific disease, practical to have company
with knowledge
• Patent protection: very important, not because have patent protection, doing
whatever you want
o Umbrella patent: blocking IP to sell your product
• Technology = platform, multiple products, all still develop
• Market small niche: not interesting to invest in it
• Stage: de-risk product development
• Competition: similar, better license
License Service SU VC SU VC Asset
Centric SU
5. Stage of development any advanced POC POC
• stage small-high small high medium
• investment
need
6. Product type low-high medium-high high high
• originality small-high small-high high high
• added value
7. Scientists good-excellent good-excellent leader leader
• profile neutral- positive very positive very positive
• TT attitude positive
• Scientists: entrepreneurial or not
A safe test for mother and child – example software algorithm
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller loniebaeyens. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.16. You're not tied to anything after your purchase.
