Functional Foods Centre- Information Meeting 28 th August 2006 Agenda  2pm – 2.15pm Registration, tea & coffee  2.15pm – 2.35pm Introduction & welcome  Overview of expressions of interest received in response to the call  Input from the company viewpoint  Review of process to date  2.35pm – 3.30pm Synopsis of funding initiative  Initiative Objective  Centre Objectives  Governance  Centre Director  Board of Management  Intellectual Property Committee  Financial Agent and Reporting  Institutional Commitment  Scientific Advisory Board  Reporting & Reviews Agenda, contd.  Funding  Documentation  Funding Contract  Consortium Agreement  Joint Ownership Agreement  3.30 – 4pm Coffee Break  4pm – 4.30pm Outline of process going forward  Invitation to submit names of evaluators or individuals that may be inappropriate  Call for Full Proposals  Evaluation Process  Selection of Successful Proposals  4.30 pm Networking & Wine Reception Initiative Objective To build genuine, long-term, academic-industry collaborations and networking and to develop appropriate industry-focused, world-class capabilities or competencies Centre Objectives- Research  Support the development of the functional food industry in Ireland.  Create a new, internationally-competitive, interdisciplinary, industry-focused research centre developing skills and technologies that will lead to new products, processes and services.  Develop research programmes that are jointly formulated and implemented by the participating academic and industrial partners with a view to providing the best solutions to the medium and long term issues facing industry in Ireland.  Develop research programmes of excellence, with oversight from a single director with a record of internationally- recognized research achievement.  Ensure the results of that research programme are made available to the industrial sector for commercialization.  Maintain the integrity of the results Centre Objectives  Train and equip new postgraduate and other students and industrial employees with skills and attributes which are relevant to the industrial sector.  Promote organizational connections and linkages within and among campuses, industry, other research bodies and international collaborators.  Ensure that the participants with their differing disciplines and background will, through their participation in the centre, add value to each other so that the performance of the centre will be greater than that of each participant acting independently.  To facilitate the accession of additional university and industrial participants, including small and medium sized enterprises, on reasonable commercial terms, where such accession would enhance the centre’s objectives. Governance- Centre Director. The centre director is key to the operation!! This person should have the expertise to oversee all the operations of the centre and the vision to lead the development of an internationally-recognized commercially-focused centre of excellence. The director’s role is to deliver on the centre objectives as listed in slides 5 and 6. This person must have credible relevant industrial experience Governance- Board of Management The centre will be managed by a Board of Management (BOM) which will represent a balance of the interests of the participating academic and industrial participants The BOM will retain overall responsibility for the operation of the centre. Intellectual Property Committee The board of management will be required to appoint an Intellectual Property Committee which will define policies and procedures relating to intellectual property arising out of the centre results  How to ring-fence the results  Communication of inventions  How to protect inventions  Publishing policies  Notification of IP to Industrial Partners  Option period  How to commercialise in the event no partner company takes the IP  Dispute Resolution Financial Agent and Reporting The consortium will be required to nominate a financial agent to manage all financial aspects of the funding of the centre. The financial agent will be responsible for reporting on the financial position of the centre . Functional Foods Centre- Information Meeting 28 th August 2006 Agenda  2pm – 2.15pm Registration, tea & coffee  2.15pm. world-class capabilities or competencies Centre Objectives- Research  Support the development of the functional food industry in Ireland.  Create a new, internationally-competitive, interdisciplinary,