SINTEF Innovation Concept 1 Sinvent AS 1. SINTEF Group 2. - - PowerPoint PPT Presentation

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SINTEF Innovation Concept

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1. SINTEF Group

2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples

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Technology for a better society

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The Norwegian University of Science and Technology, NTNU

NTNU is a centre for technological education and research in Norway, with a solid foundation in the natural sciences.

The University of Oslo, UiO

The University of Oslo is Norway’s largest and oldest institution of higher education.

Our partners

Joint use of laboratories and instruments SINTEF employees teach at NTNU NTNU personnel working on SINTEF projects Strategic Interaction

NTNU and the SINTEF Group Collaboration in R&D

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Size of projects and proportion of turnover (6060 projects in total).

Less than 50 001- 200 001- 500 001- Over 50 000 200 000 500 000 1000 000 1000 000 Proportion of projects Proportion of total turnover

Project size in NOK

Projects in the SINTEF Group

60% 50% 40% 30% 20% 10%

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Educational background of research personnel

• Cand. real. (M.Sc.)

3% Bachelor of science 3% Master of business 1%

• Cand. psychol. (M.Sc.)

1% Other 5%

The SINTEF Group has 1900 employees. 38% of the researchers have a doctorate.

66% Master of Science 12% Cand. scient 9% Cand. polit 13% Other

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Investments in knowledge and scientific equipment

Knowledge Scientific equipment Result (as % of net revenue)

SINTEF Technology and Society SINTEF Health Research SINTEF Materials and Chemistry SINTEF ICT MARINTEK SINTEF Fisheries and Aquaculture SINTEF Energy Research SINTEF Petroleum Research

• 5% 0 5% 10% 15% 20% 25% 30%

Investments in knowledge and scientific equipment, and results as percentage of net revenue

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The SINTEF Group revenues

Research Council Strategic Programmes 3.6% Research Council basic grants 3.3% Other income 6.9% Research Council project grants 12.6% Public Sector 16.4% Industry 45.5% International Contracts 11.7%

The SINTEF Group turnover in 2006: NOK 2 billion

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The SINTEF Group

Research Divisions SINTEF Health Research SINTEF Technology and Society SINTEF ICT SINTEF Materials and Chemistry SINTEF Building and Infrastructure SINTEF Petroleum and Energy

SINTEF Petroleum Research SINTEF Energy Research

SINTEF Holding President Executive Vice President SINTEF’s Council SINTEF’s Board Corporate Staff SINTEF Marine

Marintek SINTEF Fisheries and Aquaculture

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Social perspective SINTEF wishes to contribute to the creation of value and to a society in healthy sustainable development. Business concept SINTEF sells research-based knowledge and related services to Norwegian and international clients. Fundamental values Honesty, Generosity, Courage and Solidarity SINTEF has 1800 employees, of whom about 1400 are based in Trondheim and 300 in Oslo. SINTEF also has offices in Bergen, Stavanger, Kristiansund, Ålesund Raufoss, Mo i Rana, Hirtshals (Denmark) and Houston (USA).

The SINTEF Group

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1. SINTEF Group

2. SINTEF Innovation concept

3. SINTEF spin-offs. Examples

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Legal Structure

Sinvent AS

Sinvent Venture II AS

100%

SINTEF Holding AS

100% 100% 64%

SINTEF Venture III AS

100%

SINTEF Venture II AS

25%

SpinOut Venture II AS Other SINTEF entities

36%

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Sinvent AS - Managementet

Anders Lian - Managing Director

• BBA NHH
• Norsk Hydro (7 years Norway, England and France)
• Gjensidige NOR (10 years; Group financials, life insurance, investor relations and private equity)

Nils Spidsøe - Director

• Master of Science NTNU, 24 years at SINTEF in various positions,
• Research Director of SINTEF Civil and Environmental Engineering

Jostein Bjøndal - Investment manager

• BBA NHH, MIB NHH
• SINTEF (5 years; R&D and management)
• Leiv Eiriksson Nyfotek (3 years; innovation and investment processes)
• Fokus Bank (2 years; Sales corporate market), Danske Securities (1 year; Corporate Finance)

Kåre Herje – Financial manager

• BBA, BA University of Vermont
• Director – Export / Import companies for 5 years in US / Canada
• IBM – 2 years (Facilities Planning)
• SINTEF – 8 years in various positions at HQ

Marit Cecilie Solem – Administration

• SINTEF - 20 years in various departments and positions

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1. SINTEF Group 2. SINTEF Innovation concept

3.

SINTEF spin-offs. Examples

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Spin-offs – some examples

Name Phase Industry

Powel ASA

Stable growth Software products and services for energy applications http://www.powel.com

Nacre AS

Growth Intelligent hearing protector and communication terminal http://www.nacre.no

Revolt Technology AS

Seed High quality batteries based on metal-air fuel cells http://www.revolttechnology.com

Biosergen AS

Seed Development and license of Nystatin derivates for use in production of antibiotics against fungus infections http://www.biosergen.com

ResMan AS

Venture Permanent, wireless and reliable downhole measurement systems for inflow monitoring and control http://www.resman.no

Crusin AS

Seed Resusable crucibles for solar cell production http://www.crusin.no

Optosense AS

Seed Sensors for demanding gas measurement applications http://www.optosense.com

Comex

Growth Technologies for production and classification of fine powders and

• ptical separation of large particles.

http://www.comex-group.com

Ecowat AS

Seed Equipment for water and gas purification and pollution handling http://www.ecowat.com

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Spun out in 1996 from SINTEF Energy Research Listed on OSE 2005 Markets software products and services for energy applications Located in Trondheim. CEO Bård Benum www.powel.com

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Sold to French Bacou-Dalloz June 2007 in a 120mUSD + earn out deal Investors by the time of exit: SpinOut Venture I (co-owned by Sinvent and Verdane Capital), Ferd Venture, Viking Venture and management Nacre sells QuietPro, which is an adaptive intelligent hearing protector and communication terminal Located in Trondheim. CEO Eivind Bergsmyr www.nacre.no

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Company established in 2004 based on technology from SINTEF Materials and Chemistry Shareholders: SpinOut Venture II (co-

• wned by SINTEF Venture and Verdane

Capital), Viking Venture, Northzone, TVM, Sofinnova and management Develops and will market high quality batteries based on metal-air fuel cells Located in Zürich, Switzerland. CEO Dieter Woschitz www.revolttechnology.com

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Company established 2004 based on genetic engineering from SINTEF and NTNU Shareholders: SpinOut Venture II (co-

• wned by SINTEF Venture and

Verdane Capital), Karolinska Development II and management Business concept: Development and license of Nystatin derivates for use in production of antibiotics against fungus infections Located in Trondheim. CEO Nils Spidsøe www.biosergen.com

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Company established 2005 based on technology from SINTEF and IFE Shareholders: SpinOut Venture II (co-

• wned by SINTEF Venture and

Verdane Capital), IFE, Statoil Innovation and management RESMAN offers permanent, wireless and reliable downhole measurement systems for inflow monitoring and control Located in Trondheim. CEO Oddvar Solemsli www.resman.no

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Company established 2003 based on technology from SINTEF Shareholders: SpinOut Venture II (co-

• wned by SINTEF Venture and

Verdane Capital), Såkorninvest Midt- Norge, E-Co Norne and management Develops and will market resusable crucibles for solar cell production Located in Trondheim. CEO Arve Solheim www.crusin.no

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Company established May 2007, based on chemical and oil/gas competence in SINTEF Shareholders: SINTEF Venture III, Viking Venture II and Tore Skjetne The Company develops and will market equipment for water and gas purification and pollution handling Located in Trondheim. CEO Tore Skjetne www.ecowat.com

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Founded in 1998 – SINTEF license converted to shares in the company June 2007, as new investors joined the company Shareholders: SINTEF Venture III, ProVenture, Alliance Polaris, management Development and OEM sales of sensors for demanding gas measurement applications Located in Oslo. CEO: Terje Hanserud www.optosense.com