Denmark invests heavily in public and private R&D spending as a percentage of GDP, however the country has struggled to capture value from this investment through technology transfer mechanisms like spin-outs and licensing compared to countries like the US. While some very large Danish start-ups have been acquired, they are rarely built on intellectual property from the country's universities. The document argues that Denmark needs to improve how it transfers technology from public research to generate greater economic and tax revenue returns on its R&D investment.
2. Denmark is increasing public
R&D spending in the eye of the
financial storm
Can Technology Transfer
deliver ?
3. Deliver value
New jobs
Tax rev. Capture value (TTO)
High tech
High value
and
salaries
Spin-outs
Create value
University/hospital
Licensing Federal labs R&D
Export R&D
Coll. R&D
4. DENMARK
Basic facts:
• 5,5 million people (like Toronto, CN)
• 8 universities – 135.000 students
• Public spending on R&D $ 3,5 billions
(1,07% of GDP in 2013)
• Private spending on R&D $ 6,5 billions
(- 2% of GDP in 2013)
TOP 5 GLOBAL
10. Collaborative Industry
Spin-out
R&D license
PICK ONE!
11. Country US Denmark
2010
Public R&D expenditure 1,05 1
/per capita, US$ billions (402) (5)
Number of spin-outs 1,7 2,2
/per US$ billions invested in R&D
Number of licensing deals 12,2 20
/per US$ billions invested in R&D
Number of patent disclosures 54 65,6
/per US$ billions invested in R&D
Revenue ($ millions) from licensing and exits 3,73
/per US$ billions invested in R&D 0,2!
13. Some high-value start-ups are born in Denmark
e.g.
• Skype acquired by eBay / Microsoft ($10 billion deals)
• Damgaard Data acquired by Microsoft Business Solutions
($2 billion deal)
• Giga acquired by Intel ($2 billion deal)
• Vestas + several $-billion deals in the wind industry
HOWEVER; they are rarely (read: NEVER!)
build on university IP!