Introduction to CSIR-Tech By Amitabh Shrivastava,
Description: Introduction to CSIR-Tech By Amitabh Shrivastava, CEO amitabhcsirtech.com in.linkedin.cominamitabhshrivastava CSIR-Tech Pvt. Ltd. (CTPL) (www.csirtech.com) Catalyzing Lab to Market Journeys CSIR-Tech Pvt Ltd 1 Context A Need in India
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slide1. Introduction to CSIR-Tech
By
Amitabh Shrivastava, CEO
amitabh@csirtech.com
in.linkedin.com/in/amitabhshrivastava CSIR-Tech Pvt. Ltd. (CTPL) (www.csirtech.com) Catalyzing Lab to Market Journeys © CSIR-Tech Pvt Ltd 1<br>
slide2. Context – A Need in India Meeting India’s need for Knowledge-intensive entrepreneurial ventures, nucleated at research institutions
e.g., University of Oxford Cambridge, Imperial College, Stanford University, MIT, University of Chicago and Harvard University CSIR-Tech – the right commercialization partner to Labs to help increase reach to private enterprise by several folds/year
e.g., hold equity in private ventures on behalf of Labs, attracts commercially savvy talent to transition Lab’s IP and hold hands with technology spin-offs © CSIR-Tech Pvt Ltd 2<br>
slide3. CSIR-Tech - Details CSIR-Tech Private Limited (“CTPL”) – has been created by the Entrepreneurship Development Center [a Section 25 private limited company and technology business incubator created under the CSIR scheme titled "Scheme for setting up incubation centers in CSIR laboratories" (OM No. 4/CMG/2006-TNBD dated 16 June 2006; scheme approved by the 166th meeting of the GB of CSIR) and is an approved technology business incubator supported and recognized by the Department of Science and Technology – National Science and Technology Entrepreneurship Development Board, Government of India].
CTPL was created in response to a recommendation of a High Powered Committee constituted by the CSIR and is in the business of commercializing technologies and intellectual property primarily by identifying suitable spin-out/ new venture creation opportunities with or without equity participation, developing them further and then spinning them out as start-up enterprises.
CTPL aims to leverage private investments and entrepreneurial energy to aggressively pursue commercialization, innovation and entrepreneurship based on cutting edge-science IP, as developed at the CSIR labs. This will accelerate translation of technology into products and services, and thereby create a significant jump in value creation for the economy, the society and the Nation through these scientific endeavors. © CSIR-Tech Pvt Ltd 3<br>
slide4. CSIR-Tech Ownership / Control CSIR -Entrepreneurship Dev Center (EDC) CSIR-Tech Ownership & control CSIR control © CSIR-Tech Pvt Ltd 4<br>
slide5. Taking the sweat out of partnership between Industry and Academia Vision: to create wealth out of publicly funded science and technology for the good of the people of India Chairman: (Padma Vibhushan) Dr. Vijay Kelkar Activities for Value Creation
Identify technologies, de-risk and take to market
Bring-in entrepreneurial zeal and private investments to accomplish these tasks
Market, negotiate deals and assist in translating technology into products & services Outcomes:
15 startups to be created in the next 4 years
50 Tech commercial deals/yr (Avg) over next 4 years Future:
Open to Partnering with other publicly funded R&D organizations © CSIR-Tech Pvt Ltd 5 CSIR-Tech Pvt Ltd (www.csirtech.com) Facilitating Lab to Market Journeys<br>
slide6. Dr V. Premnath
Head, NCL Innovations
Director, Venture Center Dr Vijay Kelkar
Padma Vibhushan Awardee
Well known Economist Dr Saurabh Srivastava
Chairman, CA
Ex-NASSCOM Mohandas Pai
Chairman, MGE
Ex-Infosys board Luis Miranda
Ex-Chairman, IDFC PE
Ex-CEO, IDFC PE Dr S. Sivaram
Bhatnagar Fellow
Ex-Director, NCL Chairman Amitabh Shrivastava
CEO, CSIR-Tech
Serial Entrepreneur CEO S.A. Thimmaiah
CGM, Corp Strategy &
New Business, SBI Prakash Rao
GM, Private Equity,
State Bank of India Dr Sourav Pal
Director, CSIR-NCL
Professor, IISER © CSIR-Tech Pvt Ltd 6 CSIR-Tech Board of Directors<br>
slide7. DSIR notification Scientists/professors can promote companies Institutes/labs can give technology in lieu of equity Incubators and mobility of researchers Implemented by CSIR: Approved by 174th GB of the CSIR on 11 Aug 2009 CSIR & CSIR-Tech - Backgrounds © CSIR-Tech Pvt Ltd 7<br>
slide8. Key Functions of CSIR-Tech “Unleash a spurt of scientific entrepreneurship”<br>
slide9. CEO Chief Technology Officer Chief Ventures Officer Technology Transfer Group(TTG) Ventures – Spin-offs, JVs Business Support Services(BSS) CFO Lab facing people
“FARMERS” Market facing people
“HUNTERS” “Create visibility for CSIR Labs” © CSIR-Tech Pvt Ltd 9 CSIR-Tech Structure<br>
slide10. Enterprises CSIR and
Other Labs CSIR-Tech “Enables enterprises to use technology emanating from labs” Deploy Intellectual Property /
Know-how Market Feedback
Returns © CSIR-Tech Pvt Ltd 10 CSIR-Tech – Catalyzes Lab to Market<br>
slide11. Spin-off /
Start-ups CSIR-Tech Fund
& Other
PE investors CSIR-Tech Investment Opportunity
Returns “Entrepreneurs can engage with scientists” Deploy Funds,
EIR
Next Round © CSIR-Tech Pvt Ltd 11 CSIR-Tech can help scientists engage with CEO/CXX positions CSIR-Tech – Catalyzes Lab to Market<br>
slide12. Enterprises Spin-off /
Start-ups CSIR and
Other Labs CSIR-Tech Fund
& Other
PE investors CSIR-Tech Investment Opportunity
Returns “Right partner for Entrepreneurs to reach CSIR & other publicly funded Labs” Deploy Funds &
Intellectual Property /
Know-how Market Feedback
Returns © CSIR-Tech Pvt Ltd 12 CSIR-Tech – Catalyzes Lab to Market<br>
slide13. Market Data CSIR-Tech Lab Facing Market Facing © CSIR-Tech Pvt Ltd 13 CSIR-Tech Enterprises Other Labs CSIR Labs Know-How Data “A Systems Integrator approach: CSIR-Tech provides solutions, not just IP” CSIR-Tech – Integrate Solutions<br>
slide14. CSIR-Tech Org & functions © CSIR-Tech Pvt Ltd 14<br>
slide15. Marketing of Labs, and
Sales - Tech Transfers “Unleash a spurt of scientific entrepreneurship”<br>
slide16. Marketing across Labs KnowhowDB (L2M) MarketDB (M2L) Mining & Opportunity ID
Directors
Business Dev & IP
Scientists © CSIR-Tech Pvt Ltd 16<br>
slide17. CSIR-Tech KnowHow DB<br>
slide18. Spin-off Process “Unleash a spurt of scientific entrepreneurship”<br>
slide19. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 19 Scientist can use SES (Scientist Entrepreneurship Scheme) notification<br>
slide20. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 20 Shareholding Scientist can use SES (Scientist Entrepreneurship Scheme) notification<br>
slide21. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 21 Shareholding Scientist can use SES (Scientist Entrepreneurship Scheme) notification Lab can use KFE (Knowledge For Equity) notification<br>
slide22. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 22 Shareholding Scientist can use SES (Scientist Entrepreneurship Scheme) notification Lab can use KFE (Knowledge For Equity) notification<br>
slide23. Spinoff Stakeholders CSIR-Tech’s value add:
Identify spinoff opportunity
Define & Refine Business Model
Develop Business Plan
Find & Engage Entrepreneur(s)
Assist with Lawyers, CAs, CSs, statutory
Negotiate & Execute Technology Transfer & Shareholder Agreements with Lab
Get Investment for the spin-off
Assist business growth © CSIR-Tech Pvt Ltd 23<br>
slide24. SES & KFE History SES
KFE
Incubation Centers
Mobility Incubation Centers
Mobility SES
KFE © CSIR-Tech Pvt Ltd 24<br>
slide25. Innovation Complexes Current Players in Ecosystem CSIR Labs
(Science & Technology) Market
(Problems & Solutions) Incubators
(₹ Provide GoI funds to Startups ₹) TTOs / BizDev Dept.
(₹ Generate Revenue for Labs for Tech Transfer & Licensing ₹) © CSIR-Tech Pvt Ltd 25<br>
slide26. Innovation Complexes CSIR-Tech
(₹ Support TTO/BDD in Revenue Generation ₹)
(₹ Create Capital Gains for Labs via Equity Stakes ₹) CTPL’s Positioning in Ecosystem CSIR Labs
(Science & Technology) Market
(Problems & Solutions) Incubators
(₹ Provide GoI funds to Startups ₹) TTOs / BizDev Dept.
(₹ Generate Revenue for Labs for Tech Transfer & Licensing ₹) © CSIR-Tech Pvt Ltd 26<br>
slide27. CSIR-Tech – Summary Identifies tech capabilities of commercial value
Enables Industry to know what’s available, how to use it
Provides platform to translate capabilities into products
Enables Labs to enter into equity arrangements with
Enterprises
Spin-offs and Startups
Joint Ventures.
Passes benefits to labs and scientists © CSIR-Tech Pvt Ltd 27<br>
slide28. Thank You
Amitabh Shrivastava
CEO, and Executive Director
CSIR-Tech Private Limited
100, NCL Innovation Park
Dr Homi Bhabha Road
Pune – 411008
Phone: +91 99 00 33 1885, +91 20 6401 1026
Email: amitabh@csirtech.com
Web: www.csirtech.com
in.linkedin.com/in/amitabhshrivastava © CSIR-Tech Pvt Ltd 28<br>
slide29. Miscellaneous Slides<br>
slide30. CTPL Org Structure Hired © CSIR-Tech Pvt Ltd 30 TBH** Contractors ** Some offers made<br>
slide31. Opportunity identification : Survey and mine scientific capabilities in laboratories and identify those that can be translated into products and services on license
Technology de-risking : Planning, resourcing and getting proof-of-concept studies done
Business planning and raising finances : Drafting a business plan along with the entrepreneurial team and raising/ securing investments CSIR-Tech – Activities, Business Synthesis, aggregation, agreements : Identify and bring together key resources – entrepreneur, technologist, knowhow, IPR, infrastructure, and strategic partners
Virtual business incubation support : Help spin-offs and support nascent business through the early stages of their creation and growth
Technology marketing : Identifying and evangelizing buyers, striking deals
Early stage investments : Early stage proof-of-concept and venture financing © CSIR-Tech Pvt Ltd 31<br>
By
Amitabh Shrivastava, CEO
amitabh@csirtech.com
in.linkedin.com/in/amitabhshrivastava CSIR-Tech Pvt. Ltd. (CTPL) (www.csirtech.com) Catalyzing Lab to Market Journeys © CSIR-Tech Pvt Ltd 1<br>
slide2. Context – A Need in India Meeting India’s need for Knowledge-intensive entrepreneurial ventures, nucleated at research institutions
e.g., University of Oxford Cambridge, Imperial College, Stanford University, MIT, University of Chicago and Harvard University CSIR-Tech – the right commercialization partner to Labs to help increase reach to private enterprise by several folds/year
e.g., hold equity in private ventures on behalf of Labs, attracts commercially savvy talent to transition Lab’s IP and hold hands with technology spin-offs © CSIR-Tech Pvt Ltd 2<br>
slide3. CSIR-Tech - Details CSIR-Tech Private Limited (“CTPL”) – has been created by the Entrepreneurship Development Center [a Section 25 private limited company and technology business incubator created under the CSIR scheme titled "Scheme for setting up incubation centers in CSIR laboratories" (OM No. 4/CMG/2006-TNBD dated 16 June 2006; scheme approved by the 166th meeting of the GB of CSIR) and is an approved technology business incubator supported and recognized by the Department of Science and Technology – National Science and Technology Entrepreneurship Development Board, Government of India].
CTPL was created in response to a recommendation of a High Powered Committee constituted by the CSIR and is in the business of commercializing technologies and intellectual property primarily by identifying suitable spin-out/ new venture creation opportunities with or without equity participation, developing them further and then spinning them out as start-up enterprises.
CTPL aims to leverage private investments and entrepreneurial energy to aggressively pursue commercialization, innovation and entrepreneurship based on cutting edge-science IP, as developed at the CSIR labs. This will accelerate translation of technology into products and services, and thereby create a significant jump in value creation for the economy, the society and the Nation through these scientific endeavors. © CSIR-Tech Pvt Ltd 3<br>
slide4. CSIR-Tech Ownership / Control CSIR -Entrepreneurship Dev Center (EDC) CSIR-Tech Ownership & control CSIR control © CSIR-Tech Pvt Ltd 4<br>
slide5. Taking the sweat out of partnership between Industry and Academia Vision: to create wealth out of publicly funded science and technology for the good of the people of India Chairman: (Padma Vibhushan) Dr. Vijay Kelkar Activities for Value Creation
Identify technologies, de-risk and take to market
Bring-in entrepreneurial zeal and private investments to accomplish these tasks
Market, negotiate deals and assist in translating technology into products & services Outcomes:
15 startups to be created in the next 4 years
50 Tech commercial deals/yr (Avg) over next 4 years Future:
Open to Partnering with other publicly funded R&D organizations © CSIR-Tech Pvt Ltd 5 CSIR-Tech Pvt Ltd (www.csirtech.com) Facilitating Lab to Market Journeys<br>
slide6. Dr V. Premnath
Head, NCL Innovations
Director, Venture Center Dr Vijay Kelkar
Padma Vibhushan Awardee
Well known Economist Dr Saurabh Srivastava
Chairman, CA
Ex-NASSCOM Mohandas Pai
Chairman, MGE
Ex-Infosys board Luis Miranda
Ex-Chairman, IDFC PE
Ex-CEO, IDFC PE Dr S. Sivaram
Bhatnagar Fellow
Ex-Director, NCL Chairman Amitabh Shrivastava
CEO, CSIR-Tech
Serial Entrepreneur CEO S.A. Thimmaiah
CGM, Corp Strategy &
New Business, SBI Prakash Rao
GM, Private Equity,
State Bank of India Dr Sourav Pal
Director, CSIR-NCL
Professor, IISER © CSIR-Tech Pvt Ltd 6 CSIR-Tech Board of Directors<br>
slide7. DSIR notification Scientists/professors can promote companies Institutes/labs can give technology in lieu of equity Incubators and mobility of researchers Implemented by CSIR: Approved by 174th GB of the CSIR on 11 Aug 2009 CSIR & CSIR-Tech - Backgrounds © CSIR-Tech Pvt Ltd 7<br>
slide8. Key Functions of CSIR-Tech “Unleash a spurt of scientific entrepreneurship”<br>
slide9. CEO Chief Technology Officer Chief Ventures Officer Technology Transfer Group(TTG) Ventures – Spin-offs, JVs Business Support Services(BSS) CFO Lab facing people
“FARMERS” Market facing people
“HUNTERS” “Create visibility for CSIR Labs” © CSIR-Tech Pvt Ltd 9 CSIR-Tech Structure<br>
slide10. Enterprises CSIR and
Other Labs CSIR-Tech “Enables enterprises to use technology emanating from labs” Deploy Intellectual Property /
Know-how Market Feedback
Returns © CSIR-Tech Pvt Ltd 10 CSIR-Tech – Catalyzes Lab to Market<br>
slide11. Spin-off /
Start-ups CSIR-Tech Fund
& Other
PE investors CSIR-Tech Investment Opportunity
Returns “Entrepreneurs can engage with scientists” Deploy Funds,
EIR
Next Round © CSIR-Tech Pvt Ltd 11 CSIR-Tech can help scientists engage with CEO/CXX positions CSIR-Tech – Catalyzes Lab to Market<br>
slide12. Enterprises Spin-off /
Start-ups CSIR and
Other Labs CSIR-Tech Fund
& Other
PE investors CSIR-Tech Investment Opportunity
Returns “Right partner for Entrepreneurs to reach CSIR & other publicly funded Labs” Deploy Funds &
Intellectual Property /
Know-how Market Feedback
Returns © CSIR-Tech Pvt Ltd 12 CSIR-Tech – Catalyzes Lab to Market<br>
slide13. Market Data CSIR-Tech Lab Facing Market Facing © CSIR-Tech Pvt Ltd 13 CSIR-Tech Enterprises Other Labs CSIR Labs Know-How Data “A Systems Integrator approach: CSIR-Tech provides solutions, not just IP” CSIR-Tech – Integrate Solutions<br>
slide14. CSIR-Tech Org & functions © CSIR-Tech Pvt Ltd 14<br>
slide15. Marketing of Labs, and
Sales - Tech Transfers “Unleash a spurt of scientific entrepreneurship”<br>
slide16. Marketing across Labs KnowhowDB (L2M) MarketDB (M2L) Mining & Opportunity ID
Directors
Business Dev & IP
Scientists © CSIR-Tech Pvt Ltd 16<br>
slide17. CSIR-Tech KnowHow DB<br>
slide18. Spin-off Process “Unleash a spurt of scientific entrepreneurship”<br>
slide19. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 19 Scientist can use SES (Scientist Entrepreneurship Scheme) notification<br>
slide20. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 20 Shareholding Scientist can use SES (Scientist Entrepreneurship Scheme) notification<br>
slide21. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 21 Shareholding Scientist can use SES (Scientist Entrepreneurship Scheme) notification Lab can use KFE (Knowledge For Equity) notification<br>
slide22. CTPL: The Spinoff Process © CSIR-Tech Pvt Ltd 22 Shareholding Scientist can use SES (Scientist Entrepreneurship Scheme) notification Lab can use KFE (Knowledge For Equity) notification<br>
slide23. Spinoff Stakeholders CSIR-Tech’s value add:
Identify spinoff opportunity
Define & Refine Business Model
Develop Business Plan
Find & Engage Entrepreneur(s)
Assist with Lawyers, CAs, CSs, statutory
Negotiate & Execute Technology Transfer & Shareholder Agreements with Lab
Get Investment for the spin-off
Assist business growth © CSIR-Tech Pvt Ltd 23<br>
slide24. SES & KFE History SES
KFE
Incubation Centers
Mobility Incubation Centers
Mobility SES
KFE © CSIR-Tech Pvt Ltd 24<br>
slide25. Innovation Complexes Current Players in Ecosystem CSIR Labs
(Science & Technology) Market
(Problems & Solutions) Incubators
(₹ Provide GoI funds to Startups ₹) TTOs / BizDev Dept.
(₹ Generate Revenue for Labs for Tech Transfer & Licensing ₹) © CSIR-Tech Pvt Ltd 25<br>
slide26. Innovation Complexes CSIR-Tech
(₹ Support TTO/BDD in Revenue Generation ₹)
(₹ Create Capital Gains for Labs via Equity Stakes ₹) CTPL’s Positioning in Ecosystem CSIR Labs
(Science & Technology) Market
(Problems & Solutions) Incubators
(₹ Provide GoI funds to Startups ₹) TTOs / BizDev Dept.
(₹ Generate Revenue for Labs for Tech Transfer & Licensing ₹) © CSIR-Tech Pvt Ltd 26<br>
slide27. CSIR-Tech – Summary Identifies tech capabilities of commercial value
Enables Industry to know what’s available, how to use it
Provides platform to translate capabilities into products
Enables Labs to enter into equity arrangements with
Enterprises
Spin-offs and Startups
Joint Ventures.
Passes benefits to labs and scientists © CSIR-Tech Pvt Ltd 27<br>
slide28. Thank You
Amitabh Shrivastava
CEO, and Executive Director
CSIR-Tech Private Limited
100, NCL Innovation Park
Dr Homi Bhabha Road
Pune – 411008
Phone: +91 99 00 33 1885, +91 20 6401 1026
Email: amitabh@csirtech.com
Web: www.csirtech.com
in.linkedin.com/in/amitabhshrivastava © CSIR-Tech Pvt Ltd 28<br>
slide29. Miscellaneous Slides<br>
slide30. CTPL Org Structure Hired © CSIR-Tech Pvt Ltd 30 TBH** Contractors ** Some offers made<br>
slide31. Opportunity identification : Survey and mine scientific capabilities in laboratories and identify those that can be translated into products and services on license
Technology de-risking : Planning, resourcing and getting proof-of-concept studies done
Business planning and raising finances : Drafting a business plan along with the entrepreneurial team and raising/ securing investments CSIR-Tech – Activities, Business Synthesis, aggregation, agreements : Identify and bring together key resources – entrepreneur, technologist, knowhow, IPR, infrastructure, and strategic partners
Virtual business incubation support : Help spin-offs and support nascent business through the early stages of their creation and growth
Technology marketing : Identifying and evangelizing buyers, striking deals
Early stage investments : Early stage proof-of-concept and venture financing © CSIR-Tech Pvt Ltd 31<br>