01 November 2006: World renowned entrepreneur and business leader Stephen Allott is to give a seminar at NUI Galway entitled, "From Science to Growth: Why Technology Transfer is Not Enough?" Stephen Allott is Chairman of Trinamo Limited, a management consultancy and security software reseller, which he co-founded in 2004, and former President of IT company Micromuse. The seminar, which is being run by the University's Centre for Innovation and Structural Change, will take place on Tuesday 7 November at 6.00pm in room BS118 at the J.E. Cairnes Graduate School of Business & Public Policy, NUI Galway.

At the event, Stephen will also launch Strategic Management of Technology Transfer: The New Challenge on Campus written by Dr. James Cunningham and Mr. Brian Harney published by Oak Tree Press.

The seminar will address the correlation between investment in scientific research and economic growth. Traditionally, more science does lead to more growth but Allott will question the exact mechanisms by which one leads to the other. He will investigate the relative impact of 'People Centric' mechanisms (entrepreneurs, recruitment by businesses of bachelor graduates and applied development work undertaken by PhDs employed in industry) compared to "Idea Centric" mechanisms (technology transfer via licensing and spin-outs).

Allott, who also serves as City Fellow at Cambridge University, suggests that the economic impact of academic research could be substantially increased by using a focused range of People Centric initiatives to complement technology transfer programmes. For business people, the talk will outline how to obtain value from university interactions.

Those wishing to attend the event should email Dr. Willie Golden, (willie.golden@nuigalway.ie) Director, Centre for Innovation and Structural Change or telephone 091 492817.

Notes to Editors:

Stephen Allott is both a business and a non-profit entrepreneur. After graduating from Trinity College, Cambridge with a degree in law, he practised at the Bar in private practice and then as in-house counsel with Babcock, Rank Xerox and Sun Microsystems. He then worked for McKinsey as a strategy consultant in telecoms and technology before joining Micromuse in 1995. At Micromuse he was President, CFO and a main board director, leading the NASDAQ flotation. From 2001 to 2004 he was a full time Visitor at the Cambridge University Computer Laboratory where he founded the Computer Laboratory Graduate Association (www.camring.ucam.org). In 2004 he co-founded Trinamo Ltd., which has two divisions, a management consultancy for software companies and a security software reseller (www.trinamo.com)