1- High Council Meetings (HCM)
2- Technology-Business Meeting
3- Technology Investment Meeting (TIM)
1- High Council Meetings (HCM)
D-8 TTEN extends its activities and keeps relations with the states through Focal Points in member countries. D-8 Technology Transfer and Exchange Network (D-8 TTEN) annual meeting is an opportunity for the member countries’ Focal Points to synergize their latest activities for developing technology in member countries. Members review and update the programs and activities accomplished in their countries in the field of S&T management, brainstorm ideas and comments, strengthen the relations of their countries and active organizations, draw the Way Forward for the network and ratify new decisions offered by all the member countries.
To develop the technology market among member countries, the meeting of the Technology-Business sector activists is designed by D-8 TTEN. Companies, institutes, associations and demanding partners in a specific field of S&T are invited to introduce their needs and capabilities to each other and negotiate the way to deal.
The meeting of the Technology- Business sector activists as an opportunity for conforming technology transactions among member countries’ companies (Technology-Business Meetings) forms the second part of HCM.
The 4th High Council Meeting was attended by representatives of D-8 TTEN Secretariat, D-8 Secretariat and member countries including Bangladesh, Iran, Malaysia, Nigeria and Pakistan hosted by Bangladesh Council of Scientific and Industrial Research in Dhaka, Bangladesh. The Meeting was held 17-19 May, 2017, in Westin Hotel in Dhaka and consisted of two parts: High Council Meeting for Focal Points and Technology-Business Meeting for companies in the field of Biopharmaceutical medicines.
2- Technology Business Meeting
D-8 TTEN Secretariat proposed the meeting of the business sector as a platform for conforming technology transactions among member countries’ private companies (a side-line business forum) to fulfill its significant goal of technology transfer. In this regard, the new approach of the organizers is to execute the annual meeting consisting of High Council Meeting and private companies’ sessions. The High Council Meeting has been held for four years successfully and the business meeting was planned in 2017 for the first time.
The following process (containing one or more steps for each) is outlined to be performed to reach productive business-technology meetings:
A comprehensive research and study;
Deciding on a novel approach for the event;
Informing and identifying the technology owners and applicants in member countries;
Scheduling the meetings in the host country;
Coordinating the executive affairs for the meetings.
Studies to detect offers and requests
The initial activity of a business-technology meeting targeting a transaction in between is to identify the needs in the target market and the necessary areas of the appearance of the technologists. There is a binary viewpoint for the activities of organizers to fulfill the general proceedings. One is to aim a specific target market (industry, tech market, etc.) in which requirements reveal for the organizers to subsequently invite the companies from all the fields of S&T capable of providing technologies, products, services and etc. for that specific industry (e. g. Oil and Gas industry vs. several technology fields). The other way is to target one field of technology for which all the related industries in the host country can be an audience (i.e. ICT vs. several industries such as telecom, banking, etc.). Figure 1 depicts this classification.
Once the research is accomplished, one of the aforesaid viewpoints are decided and subsequently, the organizers will invite the technology owners to participate in the D-8 TTEN event and set up Business Meetings.
Technology owners in member countries
The accomplished study and decision making on the approach precede the beginning of informing and identifying private technology companies in member countries. On the other hand, depending on the approach clarified by the organizers, needs and requests are identified in the host country. The needs and requests derive from industries, companies and other related entities.
Duties and Tasks
D-8 TTEN Secretariat will plan the following items to be performed regarding the Technology-Business Meetings:
Doing a comprehensive study to decide on the approach of performing the Business Meetings;
Identifying and informing Companies to be invited;
Providing accommodation for companies from each country;
Scheduling the meetings of countries’ companies with their counterparts in the host country;
Providing all the transportation for the companies.
Authorities of the host country will take the responsibility of the followings for the event:
Providing accommodation and transportation of the attendees from the governmental sectors of the member countries;
Providing venue for the meetings of event;
Coordinating visits to technology entities in the host country for the guests as the technology tour section of the event (for states’ focal points).
The 1st Technology-Business Meeting in Dhaka
Considering the steps generated for the Meeting, officials in D-8 TTEN Secretariat and Bangladesh Council of Scientific and Industrial Research (BCSIR) recognized for the 1st round of Meeting to be in the field of biopharmaceutical focusing on Biosimilar attended by companies owning technologies and the ones in need of technologies and products.
After the Opening Ceremony, invited biopharma companies from I. R. Iran and Bangladesh gathered around a table to present their belongings to each other. B2B sessions were allocated to each company according to the B2B Meeting Request already applied to the leaders of session. Finally, twenty B2B sessions were conformed and fields of cooperation were discussed.
3- Technology Investment Meeting (TIM)
One of the areas owning potentiality to extend technology cooperation among technologists, is the technology investment issue. Technology investment possesses varieties and ventures that absolutely differs from investment in other areas in industries. Technology investment appears profitable and secure in many products that are required in societies and differs in innovative products with their hazards called Venture Capital.
D-8 TTEN is organizing Technology Investment Meeting (TIM) to synergize investors in member countries to invest technologies and innovations in Member States so that opportunities and sources could be approached together.
One of the critical investment issues in technology world, is the Venture Capital in start-up firms. Venture capital is a special type of equity finance for typically young, high-risk and often high-technology firms. Venture capital-backed firms played a key role in driving innovative economic activity during the 1990s. The size and depth of venture capital markets across countries, however, remain uneven. The United States is the oldest and one of the largest venture capital markets which has had marked success in attracting venture capital, mostly from US sources .
The significance of venture capital (VC) as a financing instrument for high-growth firms has been well documented. VC investors rely on specialized knowledge to identify early-stage firms with the potential for high growth, and proceed to buy large equity stakes in these firms with the objective of helping them to mature into profitable enterprises. As part of its growth strategy, VC provides not only financing but also close monitoring, expertise, and industry contacts to the investee firm. These additional supports could greatly improve a firm’s chances for success given that VC-backed firms tend to be young and possess technologies, ideas, or assets with strong potential, but often lack the experience or the proven sales base to secure a sufficient level of financing to expand. Venture capitalists also provide pre-investment screening, post-investment monitoring, and value-added, activities that, if performed well, should lead to improved performance by portfolio companies.
The history of VC activities in D-8 member countries is different in countries. In Iran, Indonesia, Malaysia and Turkey VCs have been operated since three decades ago meanwhile other countries have the recent experience of attention toward VC funds like Bangladesh and Egypt.
Concerning the above mentioned notes, D-8 TTEN Secretariat planned the 1st TIM as a meeting of VC Funds from Member States and other invited countries to exchange experiences and financing models, define future cooperation and create road map for future meetings. Therefore, the Meeting is named as,
TIM 2017: D-8 VC Funds, Experiences and Financing Models
Further information is available at: www.tim.d8tten.org