Ontario PDF Networking Event Ontario PDF Networking Event “ “ OCE and other PDF Resources OCE and other PDF Resources ” ” Dan McGillivray, Ph.D. Managing Director, October 6 2008 Centre of Excellence for Energy Where Next Happens
Jan 13, 2015
Ontario PDF Networking EventOntario PDF Networking Event
““OCE and other PDF ResourcesOCE and other PDF Resources””
Dan McGillivray, Ph.D.Managing Director, October 6 2008Centre of Excellence for Energy
Where Next Happens
2
PDF Toolbox
• OCE and Other Resources for PDFs.
• The Context: 47 PDFs involved are focused in a range of disciplines: agriculture, materials and advanced manufacturing, life sciences, communications and IT, energy systems and technologies, environmental technologies and emerging technologies.
IntroductionIntroduction
• My Goal: Describing what should be in the PDF Toolbox.
… beginning with your agenda…
3
PDF ResourcesPDF Resources
1. Project Management Tools and Techniques – Don Duval
2. IP MANAGEMENT – Marcel Mongeon
3. INNOVATION THROUGH COLLABORATION
- Networking Work
- How to move along the Innovation Chain
4. COMMERCIALIZATION – Tom Corr {IAF Program & CCR}
5. CAREER MANAGEMENT – Alison Sekuler and Teresa Snelgrove
6. COMMUNICATION Mike Polonsky {VAP Program}
7. TALENT DEVEOPMENT
- Learning GOV’T and BUSINESS SPEAK
or Business as a second language…
8. SHOW ME THE MONEY $$$ {+ Fed $}
9. ENTREPRENEURSHIP – Tony Redpath
10. OCE Inc.PDF Tool Box
4
Industry
Government
Jobs & Wealth Creation / Savings
Policy &Regulations
Science & TechnologyInnovation,
Training
Academia
Ontario Centres of Excellence Inc.Ontario Centres of Excellence Inc.4
Network
Province-Wide Reach
Trusted Advisor
Proactive Search for Innovation
Outcome Driven
2007-2008:
$24 Million + $36 Million
598 OCE projects
3031 HQP involved
1337 “OCE graduates” - jobs
38 new start-ups
43 new licenses established
$450 Million follow-on investments
5
Ontario Centres of Excellence (OCE) Inc.Ontario Centres of Excellence (OCE) Inc.
Who We AreWho We Are• Leading driver of research commercialization with
strategic focus on improving Ontario’s competitiveness through innovation
• Key partner with industry, universities, colleges, students, research hospitals, investors and governments
• Founded in 1987 – merged in 2004• Independent, not-for-profit corporation• Province-wide footprint
6
Who We AreWho We Are
Province-wide footprint• Offices in Toronto, Mississauga, Waterloo, Ottawa, Kingston, Markham,
London, Sudbury• Currently building our northern and rural presence
Diverse, Experienced Team• 40 business development officers from diverse backgrounds – research,
academia, industry and finance drive opportunities with researchers and industry
• Tri-lingual, tri-cultural
Governance• As an independent not-for-profit corporation OCE is governed by a Board of
Directors• Each Centre of Excellence also has a dedicated Board of Management• Our Board members are strategic, passionate and serve in a voluntary capacity
7
Ontario Centres of Excellence (OCE) Inc.Ontario Centres of Excellence (OCE) Inc.
What We Do
• Drive economic prosperity and job growth through support for the development and successful transfer of new technologies and innovations from the laboratory to the marketplace
• Train, develop and foster employment of the next generation of innovators, entrepreneurs and business leaders to enable Ontario companies to succeed in the knowledge-based global economy
• Foster a culture of innovation across Ontario
8
Ontario Centres of Excellence (OCE) Inc. Ontario Centres of Excellence (OCE) Inc.
Innovation ExpertiseInnovation Expertise
Five Centres - each focused on an area vital to the growth and development of the Ontario economy:
• Centre for Communications and Information Technology• Centre for Earth and Environmental Technologies• Centre for Energy • Centre for Materials and Manufacturing
• Centre for Photonics +• Centre for the Commercialization of Research
9
Innovation:Innovation:
10
11
What is innovation…?What is innovation…?
…encompasses the entire process that starts with an idea and continues along through all the steps from initial development to a marketable product or service that changes the economy.
© 1999 Arthur D. Little
…implementation of a new idea that generates wealth [… prosperity]. © 2002 GoInnovate!, Inc.
…the conversion of new knowledge into economic and social benefits. © 2002 European Commission
12
Innovation is more than an idea or an invention – it is an idea that has been made to work; it can be a product, service or system.
… is putting knowledge into action in a manner that makes a significant difference in performance.
It can involve a better thing to do or a better way to
do an old thing in order to improve performance.
Innovation may be incremental or breakthrough – breakthrough innovations create such dramatic changes in products, processes or services that they transform existing markets or create new ones.
What is innovation…?What is innovation…?
13
Environmental Innovation
…and what is environmental innovation?
Innovations that ensure a sustainable environment, consisting of clean air, water and land, and enabled by smart infrastructure.
…including technologies that… reduce or eliminate waste or turn wastes to products… promotes energy efficiency … remediates soil and water… identifies or measures pathogens …
Innovations leading to sustainability…
14
Sf =
Human Population
Environmental Tolerance
Ecological Services
Standard of Livingx
x Environmental Innovation
S > 1 unsustainable S < 1 sustainable © 2004 D. McGillivray, OCE; adapted from H. Regier
…environmental innovation & Sustainability
15
Network and Program AreasNetwork and Program Areas
Network
Research Programs ( Innovate )
Commercialization Programs
( Accelerate )
Talent Programs( Cultivate )
Five Sector-Focused Centres• Communications and IT• Earth and Environmental Tech• Energy • Materials and Manufacturing• Photonics
• 20 Universities• 24 Colleges• Research hospitals • 26 Innovation Networks
• Large companies• SMEs• Industry associations• Angel investors• Venture capitalists
16
OCE’s Research Programs OCE’s Research Programs
The OCE Research Program is focused on meeting the competitive needs of Ontario industry by tapping into the remarkable potential for Ontario colleges, universities and research hospitals to act as generators of innovation through:
• Interact: Research collaborations that create new industry-academic relationships
• Proof of Concept: Feasibility studies that test an idea to mitigate the risk of further research investments
• Champions of Innovation: Research projects that develop disruptive technologies with the potential to create new markets and form the basis for new start-up companies
• Collaborative Research: Research collaborations between industry and academia that move technologies from the lab to the marketplace
17
Research InvestmentsResearch Investments
Expert peer and business-case review
YES… or NOT Yet…
18
Our Commercialization ProgramsOur Commercialization Programs
The OCE Commercialization Program helps researchers and innovative technologies develop into successful Ontario companies through:
• Market Readiness: Supports the development of real world applications for new technologies – OCE helps to successfully navigate the next stage of commercialization and transfer to a new or existing company
• Martin Walmsley Fellowship: Awarded to an academic innovator seeking to transfer technology developed with OCE support into a business venture
• Investment Accelerator Fund: Provides high potential Ontario technology companies with early-stage investment of up to $500K
19
OCE's Market Readiness program is designed to support the development of commercial applications for technology created within Ontario's universities, colleges and research hospitals. The goal of the initiative is to further develop technology for the next stage of commercialization - the transfer to an existing company or the creation of a new enterprise. Market Readiness support can be applied to a range of activities including:
•Technology and Market Assessment•I.P. Protection•Prototype Development•Material Characterization•Demonstration•Business Plan Development•New Company Start-up
Market Readiness
20
IAF ProgramIAF Program
The Investment Accelerator Fund (IAF) is an early stage seed fund that is designed to help Ontario technology companies bring their products and services to market.
Through early stage investment of up to $500K in the form of a convertible debenture (loan) in return for a nominal equity position, the IAF helps launch high potential ventures that are attractive to follow-on investors.
Includes the Business Mentorship and Entrepreneurship Program.
21
OCE, MaRS, National Angel OrganizationOCE, MaRS, National Angel OrganizationPartnering to Support InnovationPartnering to Support Innovation
• Investment Accelerator Fund - $27 million• Business Mentorship and Entrepreneurship Program -
$14.5 million• Build angel investment network - $2.5 million
Ontario Market Readiness ProgramOntario Market Readiness Program
22
Our Talent ProgramsOur Talent Programs
From Grade School to Grad School
The OCE Talent Program is focused on training and developing the next generation of innovators, scientists, entrepreneurs and business leaders through:
• Connections: Supports research collaboration between final-year undergraduate students and companies – creating an early opportunity to conduct industry-relevant research
• International Scholarships: Gives student researchers opportunities to work with international leaders in their field
• Professional Outreach Awards: Supports opportunities for student researchers to present their research at international conferences and to network with peers
• Value Added Personnel (VAP): Helps student researchers develop essential skills to complement their technical expertise
• First Job: Makes it possible for companies to hire young researchers with significant academic experience and potential
• Strengthening Entrepreneurship: Through partnerships with the Centre for Business, Entrepreneurship and Technology (University of Waterloo) and Xerox Centre for Engineering and Entrepreneurship (McMaster University)
• Youth engagement: Instilling a passion for science, engineering and technology in youth
23
VAP ProgramVAP Program
Focused on:
- Moving your ideas from the lab. into the business world;- Assessing market potential- Managing & protecting IP- Writing a business plan- Delivering presentations (e.g the elevator speech)- BD and Entrepreneurship - Team work = collaboration- Networking and communications
24
Metrics for SuccessMetrics for Success
• Leveraged investment
• Engaged companies
• Enabled researchers
• Academia to industry leap
• License transfers
• Spin-off companies
• Jobs and growth
25
The Innovation GameThe Innovation Game
FORMULA FOR SUCCESS
• Contact Sport
• Team Sport
• Great Owners
• Great Coaches
• Great Players
• Great Fans
• Investment
26
CULTURE OF INNOVATIONCULTURE OF INNOVATION
27
CPPI
Enabling Innovation through Collaboration
28
CULTURE OF INNOVATIONCULTURE OF INNOVATION
MAKE INNOVATION VIRAL!
29
OCE InternationalOCE International
China
Germany
India
Israel
Spain
United Kingdom
United States
”Show Me The Money”
Accessing Funding For Environmental Technology Innovation
Innovative Solutions DivisionEnvironment Canada
Raymond Klicius January 2005
Funding SpectrumFed
era
l Fu
nd
ing
P
rog
ram
s
Sustainable Development Technology Canada (SDTC)
• Established in 2001 as a response to Kyotoo Total of $550 Mo $350 M + $200 M (Budget 2004)o $72 M Allocated as of Sept 04o $89 M Allocated across 5 funding rounds, as of Oct 04, to 46 projects with leverage
funding of additional $254 Mo Since April 2002, SDTC has conducted 6 calls for statements of interest (SOI) and
received 900 submissions from across Canada
• Climate Change & Clean Air, Water & Soil Techs
o Development & demonstrationo Emphasis on strong partnerships
• Funding Specifics:o 33% on average, up to 50% for any one projecto No specific min/max amountso Max 5 years of Funding per projecto Funds allocated from 2002 to 2009/11
Industrial Research Assistance Program (IRAP)
• Established in 1947 to stimulate wealth-creation through technological innovation.
• Supports more than 12,000 SMEs/year • $100M budget for client contributions in 2004-05• Delivered through national network of Industrial
Technology Advisors• Cost-shared contributions possible for projects in:
o R&D, 30-50% of costs, up to $500K non-repayableo Precommercial activities like manufacturing
engineering, pilot plant trials, 1/3 of eligible costs up to $1M repayable
o Youth Employment, up to $12K to support salary of hiring a recent graduate
Federation of Canadian Municipalities
Green Municipal Funds• Purpose:
To help municipal governments and their partners improve air, water or soil quality, protect the climate and promote the use of renewable resources.
• Green Municipal Enabling Fund (GMEF) (Grant) $50M for feasibility studies & field tests Max $350,000/project: Up to half of eligible costs
• Green Municipal Investment Fund (GMIF) (Loan) $200M for innovative environmental projects
Note: as of Jan 05, ~$25M remains in GMEF & ~$60M in GMIF)
NSERC(Natural Science and Engineering Research Council of
Canada)• Invests in university and company R&D
o $850M in investments in 2004-2005o Includes additional $39M/yr in 2004 Budget
• Students (over 16000/yr.)• Researchers (over 8700/yr.)• Companies (over 500/yr)
o Jointly fund collaborative R&D between companies and universities
o Many Programs (check website for info): Industrial Research Fellowships (IRF) Program. Industrial Postgraduate Scholarships (IPS) Program Collaborative Research and Development (CRD)
grants Industrial Research Chairs (IRC) Program Idea to Innovation (I2I) Program
Canada Foundation for Innovation (CFI)
• Established in 1997o Funds research infrastructure at universities, colleges,
research hospitals and non-profit research institutions o Over $3.65 billion committed to date, over 230 projects
at 86 institutions.
• Funding Programs:o Many different funding programs (See notes)o Innovation Fund: funds up to 40% of infrastructure costso Promotes collaboration with the federal granting
agencies, provincial and municipal governments, and the private and volunteer sectors
Advancing Canadian Agriculture and Agri-Food (ACAAF) Program
Aim to advance Canada’s agriculture & agri-food sector to seize new opportunities:
o 5 year, $ 255M program established by Agri. & Agri-Food Canada
o $51M/year, from 2004-2009 ($200M still avail)
o A portion of available funding is targeted at agro-env. technology projects & programs
•Non-repayable Grant
Federal Economic Development Initiative for Northern Ontario
(FedNor)• $40 M/year• Mission: increasing the overall competitive position of the North
and to accelerate its movement to a knowledge-based economy• Works with stakeholders & community partners * to improve access
to capital, information & markets
• Innovation Fund supports R, D & D projectso Eligible Recipients :
• Northern SMEs (repayment required)• Northern Municipalities & First Nations• Community Economic Development Corps.
Contributions up to 50% of elig. costs to max. $500K• All assistance normally repayable - contributions to non-profit
organizations will be deemed non-repayable unless revenue streams may be generated
39Atlantic Innovation Fund (AIF)
• $ 300 M - 5-year R & D fund (ACOA)•Designed to strengthen Atlantic Canada’s economy, by targeting
knowledge-based industry
•Currently Fully Committed
• Eligibility:•R&D in natural & applied sciences, as well as social sciences
linked to technology development•Universities & colleges, business associations, research
institutions and private sector firms•Project must be over $500K•AIC will cover 30-75% of eligible costs•Must have a commercialization component
40Scientific Research & Experimental Development (SR&ED) Program
• Federal tax incentive program for R&D • Two levels:
• 35% on the first $2M in qualifying expenditures for SMEs with less than $300K in income (for post 2003 taxation years)• Refundable (i.e., Cash-back) for Canadian-controlled, private
corporations that are SMEs
• 20% for publicly traded companies• Non-refundable *
• 40% cash back on qualified capital expenditures **
• Eligible Project Areas• Experimental Development; Basic Research; Applied
Research• Complementary programs in 7 of 10 provinces ***
• From 10% (e.g., ON) to 40% (e.g., QC)
41
OCE OCE FundingFunding Model Model
• Ontario Government:
• $34.3 million OCE core funding
• $1.2 million Ontario Internship Program
• $27 million Investment Accelerator Fund
• $15 million in 2007 to deliver “Transformative Energy” projects
• $4 million from Ministry of Energy in 2007 to deliver the Atikokan Bio-energy Centre
• Ontario Power Authority
• $1 million partnership - Technology Development Fund
• Industry Partnerships
• $33.6 million in 2006/7
• Federal Government
• $15 million Centre for Commercialization of Research
42
OCE
OCE and the Innovation Chain
43
Where Next HappensWhere Next Happens
Su
cces
s S
tori
es
44
OCE Success Story:OCE Success Story:Slipstream Data Inc.Slipstream Data Inc.
Gold standard in lossless data compression
• Professors En-hui Yang and Ajit Singh of the
University of Waterloo
• OCE managed IP, launched start-up company,
recruited graduate students and CEO, and secured VC funding
• Became most widely deployed Internet optimization technology in the world
• Used by more than 2 million people in 45 countries over more than 200 ISPs
• Employs more than 70 people in Waterloo
• Acquired by RIM for long-term sustainability as more data pushed to handheld devices
45
Sensor for managing efficiency of industrial furnaces
OCE Success Story:OCE Success Story:Tenova Goodfellow Inc.Tenova Goodfellow Inc.
• Tenova Goodfellow and others partner through OCE with University of Toronto • Energy efficiency and reduced greenhouse gas emissions • Developed exceptional graduate students• OCE invested in the research, was instrumental in the patenting and coordination of the licensing agreement.
46
OCE Success Story:OCE Success Story:Rimon TherapeuticsRimon Therapeutics
• OCE supported early stage development of research into medical-polymer technology – “plastics that heal”, classified as a device but with drug-like properties.• Lead graduate student researcher was awarded OCE’s
Martin Walmsley Fellowship for Technological Entrepreneurship in 1997 to develop start up company.
• Now exploring new applications for dressing chronic wounds.
• Winner of CANMEDBIO “Promising early State Company” award earlier this year.
Plastics that healPlastics that heal
47
Cleaner Energy with Ontario-Grown Turbine
OCE Success Story Cleanfield Energy Corporation
• Vertical-Axis Wind Turbine generating clean, reliable electricity• Tower and rooftop installation• Field trials at the McMaster Innovation Park in Hamilton• Studying urban applications• Residential and commercial markets
48
OCE Success Story REGEN Energy Inc
• Pilot Project with OPA and Herb Sinnock at Centennial College • Wireless Load Management Controllers• Applied Testing for College Students
Reducing Peak Consumption for Commercial Users
49
OCE Success Story:OCE Success Story:Medtrode IncMedtrode Inc
Deep Brain Stimulation
• Dr. Mandor Jog at the London Ontario Health Sciences Centre and Dr. Raafat Mansour of the University of Waterloo partner with Medtrode Inc.• OCE Research Collaboration to further develop Deep Brain Stimulation technologies • Effective in treating the symptoms of Parkinson’s Disease • Potential applications with Tourette’s Syndrome, epilepsy, depression and more • 2006 Gold Electrode Award for the most promising neurotechnology start-up
50
OCE Success Story:OCE Success Story:Photonics Education & TrainingPhotonics Education & Training
• Strategic skills initiative
• Algonquin and Niagara Colleges and corporate partners
• PET (Photonics Education & Training) established 2-year Technician and 3-year Technologist in Photonics
• PAL (Photonics Advanced Learning) established 4-year Bachelor of Applied Technology in Photonics
In 2000, no credentialed undergraduate programs offered in photonics in Ontario.
51
• OCE Vision: What’s next?
TechnologyTechnology convergenceconvergence hi-tech to clean-tech… hi-tech to clean-tech…
new-tech… food wrap that changes colour if it detects pathogens… wastewater treatment plants that produce fuel level hydrogen making them power plants… nanotechnology solutions to human disease…
52
Dan McGillivray, Ph.D.Managing DirectorOntario Centres of Excellence Inc.Centre of Excellence for Energy
416-861-1092 x [email protected]
www.oce-ontario.org
Thank you…