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

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Oct 08, 2023 555 likes •859 views

SINTEF Innovation Concept Sinvent AS 1 1. SINTEF Group 2. SINTEFs tech transfer operation 3. SINTEF spin-offs. Examples Sinvent AS 2 Technology for a better society Sinvent AS 3 Our partners The Norwegian University of Science and

SLIDE 1

Sinvent AS 1

SINTEF Innovation Concept

SLIDE 2

Sinvent AS 2

1. SINTEF Group

2. SINTEFs tech transfer operation 3. SINTEF spin-offs. Examples

SLIDE 3

Sinvent AS 3

Technology for a better society

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Sinvent AS 4

 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 SINTEF Collaboration in R&D

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Sinvent AS 5

Size of projects and proportion of turnover (7216 projects for 2200 customers in total in 2009)

Proportion of projects Proportion of total turnover Project size in NOK, 2009

Projects in SINTEF

60% 50% 40% 30% 20% 10% 0% 46% 3% 27% 13% 17% 25 % 11% 59% Under 100.000 100.000 - 500.000 Over 2.000.000 500.000 - 2.000.000

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Sinvent AS 6

Occupational groups in SINTEF

SINTEF has 2123 employees from 68 countries

6 % (110) T echnical personnel 73 % (1376) Researchers

Of whom 634 hold doctorates

9 % (166) Engineers 13 % (243)

Adm. staff/leaders

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Sinvent AS 7

Investments (% of net operating revenues)

Buildings Scientific equipment

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Sinvent AS 8

Gross operating revenue

The SINTEF Group turnover in 2009: NOK 2.8 billion

RCN strategic programme 3 % RCN basic grant 4 % Other sources

f income

11 % RCN project support 18 % Public sector 11 % Industry and commerce 39 % International contracts 14 %

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Sinvent AS 9

SINTEF Holding

SINTEF – organisation

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Sinvent AS 10

1. SINTEF Group

2. SINTEFs tech transfer

peration

3. SINTEF spin-offs. Examples

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Sinvent AS 11

 Sinvent AS is a wholly owned subsidiary of SINTEF, with corporate responsibility of

 SINTEF’s tech transfer operation  SINTEF’s license portfolio  SINTEF’s venture portfolio  SINTEF’s IPR portfolio

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Sinvent AS 12

Organisasjonsstruktur

Sinvent AS

100%

SINTEF Holding AS

100% 63% Forvaltning Forvaltning

SINTEF Venture III AS

100% 75%

SINTEF Venture II AS

25%

SpinOut Venture II AS

SINTEF Energi AS

Marintek AS SINTEF Petroleums- forskning AS

100% 56% 61% 7,4% 14,3% 14,3% 1,2% 97%

SINTEF Fiskeri og Havbruk AS

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Sinvent AS 13

Sinvent AS - Management

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
SINTEF - 21 years 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 - 16 years in various departments and positions

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Sinvent AS 14

1. SINTEF Group 2. SINTEFs tech transfer operation

3. SINTEF spin-offs. Examples

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Sinvent AS 15

Venture portfolio

Name Phase Industry

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

Growth 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

Comex

Growth Technologies for production and classification of fine powders and optical 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

Optosense AS

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

eDrilling Solutions AS

Venture Systems for simulating, monitoring and visualising drilling operations in three dimensions and in real-time http://www.edrillingsolutions.com

poLight AS

Seed Cost-efficient autofocus lens for micro cameras http://www.polight.com

SpermVital AS

Venture Technology for embedding sperm cells in a gel for artificial insemination

GasSecure AS

Seed Systems for wireless gas detection

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Sinvent AS 16

 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, RWE Innogy and management  Develops and will market high quality batteries based on metal-air fuel cells  Located in Zürich, Switzerland. CEO James P. McDougall  www.revolttechnology.com

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Sinvent AS 17

 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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Sinvent AS 18

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

wned by SINTEF Venture and

Verdane Capital), IFE, Energy Capital Management and management  RESMAN offers permanent, wireless and reliable downhole measurement systems for inflow monitoring and control  Located in Trondheim. CEO Pål Vorkinn  www.resman.no

SLIDE 19

Sinvent AS 19

 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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Sinvent AS 20

 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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Sinvent AS 21

 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

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Sinvent AS 22

 Founded in 2005 as spinoff from Ignis ASA and based on SINTEF

technology. SINTEF invested in 2008.

 Shareholders: SINTEF Venture III, Viking Venture, Alliance Venture and private and institutional investors  Develops cost-efficient autofocus lens for micro cameras  Located in Horten. CEO: Geir Gjørva  www.polight.com

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Sinvent AS 23

 Founded in 2008, based on well drilling research and results from SINTEF Petroleumsforskning  Shareholders: SINTEF Venture III, Hitec Products Drilling AS and management  Develops and offers systems for simulating, monitoring and visualising drilling operations in three dimensions and in real-time  Located in Stavanger og Bergen. CEO: Rolv Rommetveit

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Sinvent AS 24

 Founded in 2008, based on alginate research and results from SINTEF Energy Research  Shareholders: SINTEF Venture III, Biokapital and Norsvin  Develops and will deliver system and technology for embedding sperm cells in a gel for artificial insemination  Advantage: increase in fertilisation period, and number of babies, for cattle and pigs and other animals  Located in Hamar. CEO: Jørn Ulheim

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Sinvent AS 25

 Founded in 2009, based on research and results from SINTEF ICT  Shareholders: SINTEF Venture III, Proventure Seed and Viking Venture  Develops and will deliver systems for wireless gas detection  Located in Oslo. CEO: Knut Sandven

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Sinvent AS 26

Exits – some examples

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Sinvent AS 27

 Spun out in 1998 from SINTEF Energy Research  Listed on OSE 2005  Sold to Arendals Fossekompani AS i 2009  Markets software products and services for energy applications  Located in Trondheim  www.powel.com

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Sinvent AS 28

 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  Investors awarded “Venture exit of the year” by Nordic Unquote  Nacre sells QuietPro, which is an adaptive intelligent hearing protector and communication terminal  Located in Trondheim.  www.nacre.no