Financing Industrial Research & Development
The WCCE8 Symposium on the Financing Industrial Research & Development in Montreal 2009 offers a unique opportunity for corporations to network, to share best practices and insights between Industry, University and Governmental agencies to discuss the latest programs and focus for future endeavours on the horizon.
Research and Development is an investment and like all investments it must become profitable. Recognizing and ending poor investments is key to maintaining and optimizing R&D resources. Equally important is to select and to apply financial, technical and strategic criteria to evaluate the R&D portfolio on an on going basis.
How does a company decide on the direction of R&D and then what projects within that direction? What are the financial criteria for a project to be attractive? The financial criteria for analysing the portfolio must include metrics, risk and uncertainty evaluation, and next best alternatives. Every corporation has its own methodology to evaluate and weigh these metrics. Dynamic industries typically value technical innovation more highly and are willing to accept a higher degree of risk.
This symposium will bring together industry, government and academia to share their methodology and experience to identify best practices for the chemical industry.
Scope
This topical conference is dedicated to exposing financial business models for funding research and development programs in the chemical industry.
The proposed topics are :
Venture capital
Best Financial Metrics
Risk and Uncertainty Analysis
- Identification of uncertainties/quantification of risks
- Effect on metrics; eg rNPV (risk-adjusted NPV)
Models for Long term research
Models for mid and short term research
Publication
This symposium will be included in the WCCE8 proceedings.
Organizers
Petros Dafniotis, Ph.D
Technology Manager-Garment Engineering
INVISTA International S.a.r.l.
Route Francois-Peyrot 12
Geneva, CH-1218
Switzerland
Tel/Fax: +41-22-7704059 / +41-22-7176868
Petros.Dafniotis-1@invista.com
Gregory S. Patience
Department of Chemical Engineering
École Polytechnique de Montreal
Campus de l'Université de Montréal
2500, Chemin de Polytechnique
P.O. Box 6079, Succ. centre ville
Québec, Canada
H3C 3A7
Fax: +1 514-340-3297
Ph.: +1 514-340-4711 x. 4034
gregory-s.patience@polymtl.ca