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Ontario Commercialization Networks

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Ontario Commercialization Networks

Ontario Commercialization Networks

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    Ontario Commercialization Networks Ontario Commercialization Networks Presentation Transcript

    • Ontario Commercialization Network A New Approach to Tech-Based Economic Development November 24, 2006 Ministry of Research and Innovation
    • Overview
      • MRI Commercialization Programs (Finance, Skills and Technology Gaps)
      • Goal of Ontario Commercialization Network (OCN)
      • OCN Model
      • OCN Hub (MaRS and OCE)
      • Sector Innovation Networks
      • Knowledge and Technology Transfer Networks
      • Regional Innovation Networks
      • Lessons Learned
      Ministry of Research and Innovation
    • 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
    • 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
    • The Ontario Commercialization Network
      • The goal of the OCN is to build an efficient and effective commercialization network / “ecosystem” that will:
        • Have both a regional and sectoral focus
        • Actively engage the private sector to support the flow of capital (financial and intellectual)
        • Use a market driven and client focused approach
        • Develop a highly networked and collaborative community of commercialization stakeholders (“the ecosystem”)
        • Improve transfer of knowledge and technology to the private sector to capture the benefits of investments in R&D
        • Provide more efficient and effective service delivery system to support technology-based entrepreneurs, start-ups and SMEs
        • Build an entrepreneurial culture
      Ministry of Research and Innovation
    • 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
    • Provincial Innovation Network: The “Hub”
      • MaRS:
      • MaRS connects the communities of science, business and capital to create a more efficient commercialization marketplace.
      • The MaRS community is built through co-location, catalytic programs and services, and structured networks.
      • The MaRS community is physically anchored in the MaRS Centre and extends virtually through the MaRS Portal and MaRS Networks.
      • MaRS delivers commercialization programs and services focused on building a pipeline of globally significant companies.
      Ministry of Research and Innovation
    • Provincial Innovation Network: The “Hub”
      • OCE Inc.
      • Support research: OCE invests in industrially relevant research in Ontario’s universities, colleges and research hospitals.
      • 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.
      • Support development of talented people: OCE activities focus on training and developing the next generation of Ontario innovators and entrepreneurs.
      Ministry of Research and Innovation
    • Sector Innovation Networks (SINs):
      • SINs are not-for-profit organizations that have a strong sector focus with provincial scope and capacity to deliver commercialization and other expertise
      • Build the knowledge base on the sector -- researchers, R&D infrastructure, companies, etc.
      • Identify global strengths and where these strengths lie within the provincial landscape
      • Develop sector-based innovation and commercialization strategies
      • Implement commercialization programs and services aligned with the “the hub” of the OCN
      • Facilitate linkages and build networks -- science, industry and capital with a sector focus
      Ministry of Research and Innovation
    • Knowledge and Technology Transfer Networks
      • Knowledge and Technology Transfer Networks as primarily regionally based and link multiple institutions (universities, research hospitals and colleges) under a single network
      • The primary purpose of the networks are to share resources and align policies and procedures
      • The networks will incorporate private sector input into the tech transfer process
      • The networks will make it easier for the private sector to access resources and technologies (IP)
      • Knowledge transfer activities primarily involve linking students and faculty to industry driven commercialization projects (technical and/or business related)
      • A provincial network is being developed where “industry experts” will provide support to all of the tech transfer networks across the province
      Ministry of Research and Innovation
    • Regional Innovation Networks (RINs)
      • RINs are a regionally based, multi-stakeholder, not-for-profit organizations driven by the private sector
      • RINs serve as the foundation of the commercialization ecosystem (“the OCN”) to:
        • Identify a region’s comparative advantages
        • Establish a vision and mission for the future
        • Identify and align commercialization and other economic development resources available at the regional level (commercialization roadmap)
        • Develop and implement programs and services to address gaps as part of an annual implementation planning process
        • Create a focal and entry point for clients to access commercialization and other resources at the regional, provincial and federal levels
      Ministry of Research and Innovation
    • Ministry of Research and Innovation Ontario Commercialization Network Implementation Framework OCN HUB
      • RIN
      • Linkages to regional resources & programs
      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
      • OCN
      • Client Diagnostic & Coaching
      Research Institutions & Tech Transfer Office
    • Regional Innovation Network Model Ministry of Research and Innovation RINs (diagnostic service)
      • MNEs
      • SMEs
      • Start ups
      • Entrepreneurs
      • Researchers
      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
    • Regional Innovation Networks Ministry of Research and Innovation
      • Ottawa Centre for Research and Innovation (OCRI)
      • Eastern Lake Ontario Regional Innovation Network
      • Greater Peterborough Region DNA Cluster
      • BioDiscovery Toronto
      • Western Toronto Greater Area Convergence Centre
      • York Biotech
      • Golden Horseshoe Biosciences Network
      • Guelph Partnership for Innovation
      • Waterloo Research and Technology Park Accelerator and Communitech
      • London Regional Innovation Network
      • Southwestern Ontario Bioproducts Innovation Network
      • Northern Ontario Commercialization Initiative
    • Lessons Learned
      • Tech-based economic development requires a detailed study / plan and community development process involving local stakeholders to identify strengths and weakness within the region.
      • Research institutions can help breakdown municipal boundaries and create regional innovation systems (networks). Typically these systems are not aligned with municipal boundaries.
      • 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.
      • Cluster theory useful as an analysis tool, but has limited applicability to the Ontario landscape as an implementation tool or model.
      Ministry of Research and Innovation
    • Lessons Learned (cont’d)
      • Regional innovation system (network) model seems to have a number of advantages over the cluster model. These advantages include:
          • Better alignment with current technology trends re: technology convergence
          • Regional innovation systems (networks) can work in smaller regions and can result in beneficial collaborations between urban and rural communities
          • 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.
          • Business issues, for the most part, do not vary by industry sector, thus business support infrastructure at the regional level can be “generic”
      Ministry of Research and Innovation
    • Lessons Learned (cont’d)
      • 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.
      • 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.
      • 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.
      • 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.
      • It critical to learn and adapt as required to keep the “ecosystem” in balance.
      Ministry of Research and Innovation