Imperial Innovations Group plc 4th and 5th July 2010 Technology Transfer Officer Training

1. Imperial Innovations Group plc 4 th and 5 th July 2010 Technology Transfer Officer Training Identifying Commercially Viable IP in a Research Institute Creating, building and investing in ground-breaking technology opportunities addressing large international markets Imperial Innovations Group plc

6. 1.2 Introduction to Imperial Innovations Innovations Group plc Wednesday, July 14, 2010 2008 Innovations realises £4.0 million from partial Ceres Power sale Created FSA regulated subsidiary , Imperial Innovations Investment Management Ltd Circassia raises Series B £11.0 million Thiakis sold to Wyeth for £100.0 million RespiVert raises Series A £13.0 million The business The portfolio 2010 Veryan Medical raises £3.6m Polytherics raises £3m MET sold to Evonik AG for €4.5m RespiVert sold to Centocor (J&J) for $100m 2004 Ceres Power floats on Alternative Investment Market 2006 £26m Imperial Innovations Group plc floats on AIM raising £26 million Inforsense raises Series A £5.3 million 2005 Private Placement of shares in Imperial Innovations raises £10 million for the Company £10m Thiakis raises Series A £10.0 million 2007 £30m Raised £30 million through private placement of shares Circassia raises Series A £6.25 million Nexeon raises Series A £4.25 million Veryan raises Series A £5.3 million 2009 Nexeon raises Series B £10.0m Inforsense sold to IBDS Circassia raises Series C £15.25 million

11. Investment and support Staged funding – major rounds completed Wednesday, July 14, 2010 2006 2007 2005 2008 2009 Total £0.5m IVO £0.25m Total £10m IVO £1.5m Total £11m IVO £1.75m Total £13m IVO £2m Total £3.1m IVO £2.2m Total £10m IVO £4m Sold £100m IVO £16.1m Total £3m IVO £1m Total £2.6m IVO £2.5m Total £15.3m IVO £3.75m 2010 Total £3.6m IVO £1.2m Sold IVO £9.5m Total £4.3m IVO £1.95m Total £6.3m IVO £2.0m Total £0.9m IVO £0.3m Total £2.6m IVO £0.5m

36. 4.1 Core Skills for a TTO Working with Academics Wednesday 14 July 2010 4 Product Scale 5 Project Attractiveness Component/Sub Assembly Single application product Platform or multiple application product Target Markets 1 2 3 Target Markets 1 2 3 Target Markets 1 2 3 <£1m £1-5m £5-10m £10-50m £50-100m £100-500m >£500m

37. 4.1 Core Skills for a TTO Working with Academics Wednesday 14 July 2010 6 What is the Technology Readiness Level (TRL)? Stage Duration Cost Potential Source of Funding Identified? PoC Demonstrator to sell the technology to a commercial partner <1yr <£25k 1-3yrs £50-100k >3yrs >£100k To produce field trial demonstrators and conduct field trials <1yr <£100k 1-3yrs £100-250k >3yrs >£250 To produce launch a product (i.e. first sales) <1yr <£250k 1-3yrs £250-£500k >3yrs >£500k 1 2 3 4 5 6 7 8 9

38. 4.1 Core Skills for a TTO Working with Academics Wednesday 14 July 2010 Technology Readiness Level 1. Basic principles observed and reported 2. Technology concept and/or application formulated 3. Analytical and experimental critical function and/or characteristic proof of concept 4. Component and/or breadboard validation in laboratory environment 5. Component and/or breadboard validation in relevant environment 6. System/subsystem model or prototype demonstration in a relevant environment 7. System prototype demonstration in an operational environment 8. Actual system completed and 'flight qualified' through test and demonstration 9. Actual system 'flight proven' through successful mission operations

39. 4.1 Core Skills for a TTO Working with Academics Wednesday 14 July 2010 7 Competitive Intensity 8 IP Strength Low High Weak Strong Unmet technical need no other supplier has anything comparable A new emerging technology area with few established suppliers An established but dynamic market with several high market share suppliers Mature market where the new technology is an alternative readily available to existing products/technologies Many similar suppliers/products with similar features/benefits and strong incumbent positions in mature markets IP is largely published but some know how/copy right IP remains Nothing patentable, but high level of unpublished know how/copyright Patentable but with narrow claims, not much know can be developed Patentable, with fairly wide claims, know how needs to be developed and there is a high level of related prior art Broad patent with high degree of freedom to operate and know-how required

40. 4.1 Core Skills for a TTO Working with Academics Wednesday 14 July 2010