SINTEF Innovation Concept. Sinvent AS

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1 SINTEF Innovation Concept 1

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

3 Technology for a better society 3

4 Our partners 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. Strategic Interaction NTNU personnel working on SINTEF projects SINTEF employees teach at NTNU Joint use of laboratories and instruments NTNU and the SINTEF Group Collaboration in R&D 4

5 Projects in the SINTEF Group 60% 50% 40% 30% 20% 10% Proportion of projects Proportion of total turnover Less than Over Project size in NOK Size of projects and proportion of turnover (6060 projects in total). 5

6 Educational background of research personnel 66% Master of Science 9% Cand. polit 12% Cand. scient 13% Other 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. 6

7 Investments in knowledge and scientific equipment SINTEF Technology and Society SINTEF Health Research SINTEF Materials and Chemistry Knowledge Scientific equipment Result (as % of net revenue) 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 7

8 The SINTEF Group revenues Research Council Strategic Programmes 3.6% Public Sector 16.4% International Contracts 11.7% Research Council basic grants 3.3% Research Council project grants 12.6% Industry 45.5% Other income 6.9% The SINTEF Group turnover in 2006: NOK 2 billion 8

9 The SINTEF Group SINTEF s Council SINTEF s Board President Executive Vice President Corporate Staff Research Divisions SINTEF Health Research SINTEF Building and Infrastructure SINTEF Technology and Society SINTEF Marine Marintek SINTEF Fisheries and Aquaculture SINTEF ICT SINTEF Petroleum and Energy SINTEF Petroleum Research SINTEF Energy Research SINTEF Materials and Chemistry SINTEF Holding 9

10 The SINTEF Group 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). 10

11 1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples 11

12 12

13 Legal Structure 100% SINTEF Holding AS 100% 100% Sinvent Venture II AS 64% 25% SpinOut Venture II AS Other SINTEF 36% SINTEF Venture II entities AS 100% SINTEF Venture III AS 13

14 - 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 14

15 1. SINTEF Group 2. SINTEF Innovation concept 3. SINTEF spin-offs. Examples 15

16 Spin-offs some examples Name Phase Industry Powel ASA Stable growth Software products and services for energy applications Nacre AS Growth Intelligent hearing protector and communication terminal Revolt Technology AS Seed High quality batteries based on metal-air fuel cells Biosergen AS Seed Development and license of Nystatin derivates for use in production of antibiotics against fungus infections ResMan AS Venture Permanent, wireless and reliable downhole measurement systems for inflow monitoring and control Crusin AS Seed Resusable crucibles for solar cell production Comex Growth Technologies for production and classification of fine powders and optical separation of large particles. Ecowat AS Seed Equipment for water and gas purification and pollution handling Optosense AS Seed Sensors for demanding gas measurement applications 16

17 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 17

18 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 18

19 Company established in 2004 based on technology from SINTEF Materials and Chemistry Shareholders: SpinOut Venture II (coowned 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 19

20 Company established 2004 based on genetic engineering from SINTEF and NTNU Shareholders: SpinOut Venture II (coowned 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 20

21 Company established 2005 based on technology from SINTEF and IFE Shareholders: SpinOut Venture II (coowned 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 21

22 Company established 2003 based on technology from SINTEF Shareholders: SpinOut Venture II (coowned 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 22

23 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 23

24 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 24

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