Are you interested to learn about the impact of academic technology transfer? Check out the research paper "More than money: the exponential impact of academic technology transfer" by McDevitt et al.
Please read the abstract of the research paper:
Academic technology transfer in its current form began with the passage of the Bayh‐Dole Act in 1980, which allowed universities to retain ownership of federally funded intellectual property. Since that time, a profession has evolved that has transformed how inventions arising in universities are treated, resulting in significant impact to US society. While there have been a number of articles highlighting benefits of technology transfer, now, more than at any other time since the Bayh‐Dole Act was passed, the profession and the impacts of this groundbreaking legislation have come under intense scrutiny. This article serves as an examination of the many positive benefits and evolution, both financial and intrinsic, provided by academic invention and technology transfer.
To access the paper, please go here.
If you want to learn more on how to empower Technology Transfer Organisations as key agents of innovation, please check our webinar materials here.
Check out an interesting book of Tom Hockaday "University Technology Transfer: What It Is and How to Do It". What is it about?
How do we transfer the brilliance of university research results into new products, services, and medicines to benefit society?
University research is creating the technologies of tomorrow in the fields of medicine, engineering, information technology, robotics, and artificial intelligence. These early-stage technologies need investment from existing and new businesses to benefit society.
But how do we connect university research outputs with business and investors?
This process, Tom Hockaday explains, is what university technology transfer is all about: identifying, protecting, and marketing university research outputs in order to shift opportunities from the university into business.
In this detailed introductory book—a comprehensive overview of and guide to the subject—Hockaday, an internationally recognized technology transfer expert, offers up his insider observations, opinions, and suggestions about university technology transfer. He also explains how to develop, strategically operate, and fund university technology transfer offices while behaving in accordance with the central mission of the university.
The Impact of the Legal Environment on Venture Capital and Private Equity in Africa - Empirical Evidence
Using a novel dataset, Jonathan Adongo empirically assessed the impact of the legal environment on venture capital and private equity activity across 50 African countries between 2004 and 2010. Preliminary results indicate that a better legal environment increases market entry by investors and entrepreneurs. While seed, start-up or early stage venture capital increases with better rule of law, expansion stage venture capital decreases and private equity is practically zero. In addition, both venture capital and private equity increase where strength of property rights is weaker. These findings suggest that venture capital substitutes for debt financing from other sources e.g. banks, in weaker legal environments.
To access the article, please click Download below.
Last year, the AEIP organised a series of webinars "Accelerating innovation in a time of crisis: a tech-hub effort". If you are interested, please check this webpage: https://africaeurope-innovationpartnership.net/resources/combined-presentations-experts-workshop-series-accelerating-innovation-times-crisis-tech
The entrepreneurial solutions developed today are leveraging innovations to help stabilize the effects of the pandemic. EU|BICs have a long history in supporting founders and innovation-based startups. From their origins till today, EU|BICs have delivered on their original mandate: to drive regional economic development. EU|BICs remain catalysts for entrepreneurship and innovation, providing tailored support services to entrepreneurs according to their needs, challenges and stages of development.
In 2019, EU|BICs actively supported close to 21,000 companies and helped enterprises create close to 20,000 jobs. However, like any other business, the global pandemic is forcing business support organisations and the support services they provide to be open to change. While the role of support organisations remains relevant during the present coronavirus pandemic, one key question is: how will the Covid-19 crisis shape the future of incubation and business counselling?
While it is hard to predict the future, we can try to understand what lies ahead by analysing current trends. EBN, in collaboration with the CAST network, has recently promoted a survey among business support organisations collecting data on the challenges faced as a consequence of the Covid-19 outbreak. By analysing the data, we were able to identify key solutions to guarantee business continuity.
On the 26th of January 2021, the AEIP, in partnership with F360, organised a webinar for tech hub representatives and policy makers. The webinar focused on how to promote female entrepreneurship through tech hub support, building capacities of tech hubs and startups to ensure gender equity.
Participants explored different themes of gender equalisation in the African tech space (including the drivers and challenges). The key questions which have been discussed are the following:
In partnership with Startup Circles, Enygma Ventures have launched a program to help support new and existing businesses that are focused on solving issues and systemic problems to help build a new world going forward. They provide either seed funding or mentoring scholarships to those selected.
What Are We Looking For?
Businesses that are focused on solving problems for Southern Africa (SADC). The business must either be based or serve/operate in the region.
The idea/business must be scalable and able to operate on a large scale or have a large addressable market.
For profit ideas/businesses. We are not able to support charitable concepts at this time.
Both male and female applicants. Please note, we will always have a gender inclusion bias and so will be more interested in ideas that have equality at their heart.
If Selected What will you Get?
If you are at the ideation stage you will likely first be put through the Startup Circles programme. This will provide you with world class mentorship, training and the help to validate your business quickly and efficiently.
If you are an existing business and have validated your concept - equity seed funding will be available.
There is the possibility of receiving both mentoring, education and seed funding.
AEIP training: Empowering Technology Transfer Organisations as key agents of innovation, Session 4: Managing agreement and conflict of interest in Technology Transfer
On July 9th 2020, the fourth and last session of the AEIP training “Empowering Technology Transfer Organisations as key agents of innovation” took place. Central goal was to increase the ability to manage conflict of interest by learning the tools to organise and manage agreement.
The following aspects were discussed:
-Overview of key agreements
-Key clauses to look out for in agreements
AEIP training: Empowering Technology Transfer Organisations as key agents of innovation, Session 3: Overview on establishing and growing a TTO
On July 7th 2020, the third session of the AEIP training “Empowering Technology Transfer Organisations as key agents of innovation” took place. Central goal was to increase the ability to assess the need for a TTO function and initiate planning for the establishment of a TTO.
The following aspects were discussed:
-Drivers for establishing a TT function
AEIP training: Empowering Technology Transfer Organisations as key agents of innovation, Session 2: Intellectual Property basics
On July 2nd 2020, the second session of the AEIP training “Empowering Technology Transfer Organisations as key agents of innovation” took place. Central goal was to increase the understanding of the value of IP and the ability to identify different types of IP, their mechanism of protection and when to apply them. The following aspects were discussed:
-Types of IP and associated mechanisms of protection
-Which type of IP to use when
AEIP training: Empowering Technology Transfer Organisations as key agents of innovation, Session 1: Managing Impact of Research!
On 30th June 2020, the first session of the AEIP training "Empowering Technology Transfer Organisations as key agents of innovation" was organised. The session was devoted to the discussion on managing impact of research. The following topics have been discussed:
-Role of Research Institutions
-Value of Research
-Knowledge dissemination for Societal Impact
The WAZIHUB project, funded by the European Commission under H2020 program, was designed to exploit IoT potential and Big-Data technologies best-practices through the involvement of innovators. The project aims to enable the creation of a network of Open Hubs throughout Africa where:
1. Entrepreneurs and developers can be trained,
2. Innovative IoT technology solutions can be adapted,
3. New business can rise to match local service needs.
The SFIC Africa Task Force strategic report is an analysis and orientation document expressing the views of the delegations of 11 European countries (AT, BE, DE, FI, FR, EE, ES, HU, MT, NO, and PT) and the European Commission on policy for collaboration with Africa in relation to various aspects of research, innovation and higher education.
The Strategic Forum for International Cooperation (SFIC) is a preparatory body of the Council of the EU that works on the development of the European Research Area. Its Africa Task Force, coordinated by Spain, was established with the goal of taking advantage of the political momentum in order to understand, enhance and develop policy related to collaboration with Africa.
The report was compiled in consultation with over 40 European, African and international stakeholders, beyond the European national delegations and the European Commission, in March 2020 at the first SFIC Africa Strategic Workshop in Brussels. The different stakeholders’ views have been incorporated into the document.
The SFIC Africa Task Force strategic report is structured as follows:
- Section 1. Motivation outlines the main drives for working on this paper at this point in time.
- Section 2. Analysis summarises the current activities and priorities, highlights remarkable initiatives, and enumerates some constraints that need to be mitigated in future collaborations.
The booklet of Africa-Europe Innovation Partnership presents activities and importance of the initiative for both continents. It outlines the AEIP approach and innovation system strategy to build on the strongest potential of new partnerships and collaboration. Have a look at testimonies of participants and stakeholders involved! In order to access the booklet please download the file below.
Vital Capital Fund is a $350 million private equity fund that invests in opportunities which simultaneously enhance the quality of life of communities in rapidly developing nations, primarily in Sub-Saharan Africa, while also delivering attractive financial returns for investors.
Sectors: Urban community housing solution, Agriculture, Healthcare, Renewable Energy, Water and Education
Type of Fund & Amount
Investment ticket size of US$10-50 million
Ventures or businesses which present a strong potential for both significant positive financial returns, as well as social and/or environmental (S&E) impact
SFF is a philanthropic organization that gives opportunities and resources to people in rural Africa, allowing them to change their communities for the better.
Type of Fund & Amount
First-time grants to Grassroots Innovators and Systems Innovators range from $10,000-$30,000.
Grants are capped at $100,000 a year per partner
Only covers 20-30% of an NGO’s organization’s budget
Organizations that are more likely to be considered for a grant:
• Are small and early stage
• Have an annual budget ranging between $50,000 and $500,000
• Demonstrate at least two years of operations and successful fundraising to support such operations
• Have paid staff and a board of directors or advisory committee.
• Are legally registered as a nonprofit organization in the country of operation
The Ford Foundation is always open to new ideas, and it invites the submission of ideas through its short online form. The Foundation will review each one and be in touch within 45 days if it is interested in learning more. Before ideas are submitted, it is suggested to familiarize oneself with Ford Foundations seven program areas focused on challenging inequality: (1) Civic engagement and government; (2) Creativity and free expression; (3) Future of Work(ers); (4) Gender, racial and ethnic justice; (5) Just cities and regions; (6) Natural resources and climate change; (7) Technology and Society
Innovators, organizations, another with an innovative idea
SAB Foundation invest in entrepreneurs and social innovation, with a priority in benefiting women and youth, people in rural areas and people with disability. They focus on providing funding for small, medium and micro-sized enterprises.
The Social Innovation Awards are aimed at innovators/ /institutions/social enterprises with prototypes or early stage businesses that can solve a social problem in South Africa.
Type of Fund & Amount
Social Innovation Awards range from: R200,000 – R 1,300,000
Organizations and entrepreneurs
The Youth Entrepreneurship and Innovation Multi-Donor Trust Fund (YEI Trust Fund) is a trust fund launched in November 2017 under the auspices of Jobs for Youth in Africa, a Bank initiative in line with the Bank's High 5 priorities.
The YEI Trust Fund is intended to help implement the goals of the Jobs for Youth in Africa initiative, which are to create 25 million jobs and equip 50 million young men and women of working age with the skills they need to help them join the formal sector, by 2025.
The Fund, which is managed by the Agriculture, Human and Social Development division in the Human Capital, Youth and Skills Development Department, received an initial contribution from Denmark and Norway in 2017. Today, the Fund has reached nearly USD 40 million and welcomed the Governments of Sweden, The Netherlands and Italy as additional donors to its pool of donors.