FY90-91 FY97-98 FY04-05 Fiscal Year Royalty ($ millions) • In FY08-09, $65.1 million in royalties • From 1970 through 2009, ~$1.27 billion cumulative royalties • Typically, 10 to 15 years may elapse between initial invention disclosure and any significant royalties
Educa3on Interna3onaliza3on Grants, BAs, VCs Mentors, experience, role models Passion, ambi3on, risk taking Exposing Drink local, dream global BUT DO WE HAVE THE CRITICAL MASS & THE RESOURCES?
history with cumula3ve advantages; SV remains the absolute reference No cri3cal mass in Europe but we all have the same issues (Valley of Death, Culture, …) So can we cooperate and join forces… In exposure? In growth?