Ontario Commercialization Networks


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Ontario Commercialization Networks

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Ontario Commercialization Networks

  1. 1. Ontario Commercialization Network A New Approach to Tech-Based Economic Development November 24, 2006 Ministry of Research and Innovation
  2. 2. Overview <ul><li>MRI Commercialization Programs (Finance, Skills and Technology Gaps) </li></ul><ul><li>Goal of Ontario Commercialization Network (OCN) </li></ul><ul><li>OCN Model </li></ul><ul><li>OCN Hub (MaRS and OCE) </li></ul><ul><li>Sector Innovation Networks </li></ul><ul><li>Knowledge and Technology Transfer Networks </li></ul><ul><li>Regional Innovation Networks </li></ul><ul><li>Lessons Learned </li></ul>Ministry of Research and Innovation
  3. 3. Addressing the Pre-Commercialization Finance, Skills and Technology Gaps Ministry of Research and Innovation Ontario Research Fund (Research Institutions) $31.4 Ontario Research Comm. Program (Tech Transfer) Global Markets Later Stage Financing ($100 M +) Early Stage Financing ($5 -15M) Angel/Seed Stage VC Sales Early Production Engineering Manufacturing R&D Project Lab Prototype Intellectual Property Fundamental Research Market Needs Analysis Skills Gap Product Strategy/Early Management $29M Investment Accelerator Fund (pre-seed) $17M Business Mentorship and Entrepreneurship Program $90M Venture Capital (seed stage $1-5 M) Financing Gap Technology Gap Addressed via ORIC* Efforts *Ontario Research & Innovation Council RIN / OCN Program
  4. 4. Ministry of Research and Innovation Sarnia Building a Commercialization Ecosystem Golden Horseshoe Guelph/Waterloo Windsor London Peterborough Eastern Lake Ontario Ottawa Chatham Western GTA Toronto York Ontario Commercialization Network Northern Ontario
  5. 5. The Ontario Commercialization Network <ul><li>The goal of the OCN is to build an efficient and effective commercialization network / “ecosystem” that will: </li></ul><ul><ul><li>Have both a regional and sectoral focus </li></ul></ul><ul><ul><li>Actively engage the private sector to support the flow of capital (financial and intellectual) </li></ul></ul><ul><ul><li>Use a market driven and client focused approach </li></ul></ul><ul><ul><li>Develop a highly networked and collaborative community of commercialization stakeholders (“the ecosystem”) </li></ul></ul><ul><ul><li>Improve transfer of knowledge and technology to the private sector to capture the benefits of investments in R&D </li></ul></ul><ul><ul><li>Provide more efficient and effective service delivery system to support technology-based entrepreneurs, start-ups and SMEs </li></ul></ul><ul><ul><li>Build an entrepreneurial culture </li></ul></ul>Ministry of Research and Innovation
  6. 6. OCN Model to support Tech-based Economic Development Ministry of Research and Innovation Municipal & Regional Economic Development Regional Innovation Networks Sector Innovation Networks Provincial Innovation Network Provincial & Federal Linkages International Linkages Knowledge and Tech Transfer Networks
  7. 7. Provincial Innovation Network: The “Hub” <ul><li>MaRS: </li></ul><ul><li>MaRS connects the communities of science, business and capital to create a more efficient commercialization marketplace. </li></ul><ul><li>The MaRS community is built through co-location, catalytic programs and services, and structured networks. </li></ul><ul><li>The MaRS community is physically anchored in the MaRS Centre and extends virtually through the MaRS Portal and MaRS Networks. </li></ul><ul><li>MaRS delivers commercialization programs and services focused on building a pipeline of globally significant companies. </li></ul>Ministry of Research and Innovation
  8. 8. Provincial Innovation Network: The “Hub” <ul><li>OCE Inc. </li></ul><ul><li>Support research: OCE invests in industrially relevant research in Ontario’s universities, colleges and research hospitals. </li></ul><ul><li>Support commercialization: OCE initiatives are designed to move technologies to the marketplace through technology and market assessment, intellectual property protection, prototype development, and pre-seed funding to establish start-up companies. </li></ul><ul><li>Support development of talented people: OCE activities focus on training and developing the next generation of Ontario innovators and entrepreneurs. </li></ul>Ministry of Research and Innovation
  9. 9. Sector Innovation Networks (SINs): <ul><li>SINs are not-for-profit organizations that have a strong sector focus with provincial scope and capacity to deliver commercialization and other expertise </li></ul><ul><li>Build the knowledge base on the sector -- researchers, R&D infrastructure, companies, etc. </li></ul><ul><li>Identify global strengths and where these strengths lie within the provincial landscape </li></ul><ul><li>Develop sector-based innovation and commercialization strategies </li></ul><ul><li>Implement commercialization programs and services aligned with the “the hub” of the OCN </li></ul><ul><li>Facilitate linkages and build networks -- science, industry and capital with a sector focus </li></ul>Ministry of Research and Innovation
  10. 10. Knowledge and Technology Transfer Networks <ul><li>Knowledge and Technology Transfer Networks as primarily regionally based and link multiple institutions (universities, research hospitals and colleges) under a single network </li></ul><ul><li>The primary purpose of the networks are to share resources and align policies and procedures </li></ul><ul><li>The networks will incorporate private sector input into the tech transfer process </li></ul><ul><li>The networks will make it easier for the private sector to access resources and technologies (IP) </li></ul><ul><li>Knowledge transfer activities primarily involve linking students and faculty to industry driven commercialization projects (technical and/or business related) </li></ul><ul><li>A provincial network is being developed where “industry experts” will provide support to all of the tech transfer networks across the province </li></ul>Ministry of Research and Innovation
  11. 11. Regional Innovation Networks (RINs) <ul><li>RINs are a regionally based, multi-stakeholder, not-for-profit organizations driven by the private sector </li></ul><ul><li>RINs serve as the foundation of the commercialization ecosystem (“the OCN”) to: </li></ul><ul><ul><li>Identify a region’s comparative advantages </li></ul></ul><ul><ul><li>Establish a vision and mission for the future </li></ul></ul><ul><ul><li>Identify and align commercialization and other economic development resources available at the regional level (commercialization roadmap) </li></ul></ul><ul><ul><li>Develop and implement programs and services to address gaps as part of an annual implementation planning process </li></ul></ul><ul><ul><li>Create a focal and entry point for clients to access commercialization and other resources at the regional, provincial and federal levels </li></ul></ul>Ministry of Research and Innovation
  12. 12. Ministry of Research and Innovation Ontario Commercialization Network Implementation Framework OCN HUB <ul><li>RIN </li></ul><ul><li>Linkages to regional resources & programs </li></ul>Entrepreneurs SMEs Researchers Start-ups MNEs Customers / Clients (Entrepreneurs) Proactive Outreach Linkages to Resources Gateway Web Portal & Client Management System Value Proposition To Customers Accelerating Deal Flow Across the Network Business Mentorship and Entrepreneurship Program Investment Accelerator Fund Global Business / Global Science / Global Capital <ul><li>OCN </li></ul><ul><li>Client Diagnostic & Coaching </li></ul>Research Institutions & Tech Transfer Office
  13. 13. Regional Innovation Network Model Ministry of Research and Innovation RINs (diagnostic service) <ul><li>MNEs </li></ul><ul><li>SMEs </li></ul><ul><li>Start ups </li></ul><ul><li>Entrepreneurs </li></ul><ul><li>Researchers </li></ul>Economic Development Organizations Linkages to Commercialization Resources Strategic Alliances (Companies & Researchers) Angel Network Technology Adoption Provincial Commercialization Program & Services (expert advice) Market / Competitive Intelligence Investment Technical / Technology Export Development International Linkages “ Creating New Economic Opportunities through Collaborations” Commercialization Networking & Linkages to Regional Resources Core Economic Development Activities Investment Attraction Expansion & Retention Business Mentor
  14. 14. Regional Innovation Networks Ministry of Research and Innovation <ul><li>Ottawa Centre for Research and Innovation (OCRI) </li></ul><ul><li>Eastern Lake Ontario Regional Innovation Network </li></ul><ul><li>Greater Peterborough Region DNA Cluster </li></ul><ul><li>BioDiscovery Toronto </li></ul><ul><li>Western Toronto Greater Area Convergence Centre </li></ul><ul><li>York Biotech </li></ul><ul><li>Golden Horseshoe Biosciences Network </li></ul><ul><li>Guelph Partnership for Innovation </li></ul><ul><li>Waterloo Research and Technology Park Accelerator and Communitech </li></ul><ul><li>London Regional Innovation Network </li></ul><ul><li>Southwestern Ontario Bioproducts Innovation Network </li></ul><ul><li>Northern Ontario Commercialization Initiative </li></ul>
  15. 15. Lessons Learned <ul><li>Tech-based economic development requires a detailed study / plan and community development process involving local stakeholders to identify strengths and weakness within the region. </li></ul><ul><li>Research institutions can help breakdown municipal boundaries and create regional innovation systems (networks). Typically these systems are not aligned with municipal boundaries. </li></ul><ul><li>Research institutions can help drive the planning process, but it is critical to transition the process to be more industry driven when the process moves from planning to implementation. </li></ul><ul><li>Cluster theory useful as an analysis tool, but has limited applicability to the Ontario landscape as an implementation tool or model. </li></ul>Ministry of Research and Innovation
  16. 16. Lessons Learned (cont’d) <ul><li>Regional innovation system (network) model seems to have a number of advantages over the cluster model. These advantages include: </li></ul><ul><ul><ul><li>Better alignment with current technology trends re: technology convergence </li></ul></ul></ul><ul><ul><ul><li>Regional innovation systems (networks) can work in smaller regions and can result in beneficial collaborations between urban and rural communities </li></ul></ul></ul><ul><ul><ul><li>Private sector investment aligned with technologies not industry sectors. “Hot” technologies such as sensors cross many sectors such as environmental technologies, energy technologies, advanced materials, etc. </li></ul></ul></ul><ul><ul><ul><li>Business issues, for the most part, do not vary by industry sector, thus business support infrastructure at the regional level can be “generic” </li></ul></ul></ul>Ministry of Research and Innovation
  17. 17. Lessons Learned (cont’d) <ul><li>RINs need a clear vision and mission, but need to take incremental steps to achieve the desired outcome. Trying to “leap frog” to a new paradigm has a higher chance of failure. </li></ul><ul><li>It is important to “anchor” regional innovation systems (networks). For Ontario, MaRS and the Ontario Centres of Excellence (OCE) are anchoring the RINs and SINs and providing a focal point to support collaborations across the OCN and implement provincial programs. </li></ul><ul><li>Inter-RIN collaborations are important but need to be led by an independent organization such as a sector innovation network (SIN). For example, the Health Technology Exchange (HTX) works closely with a number of RINs focusing on medical devices as an area of strength. </li></ul><ul><li>The OCN can be viewed as an “ecosystem”. An ecosystem can be defined from a business perspective as a complex set of relationships and whose members benefit from each other's participation via symbiotic relationships. Its critical to have an “honest broker” to manage the relationships in the early stages. </li></ul><ul><li>It critical to learn and adapt as required to keep the “ecosystem” in balance. </li></ul>Ministry of Research and Innovation
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