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March 19 2013 - NORCAT Innovation CFDC Presentation
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March 19 2013 - NORCAT Innovation CFDC Presentation

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  • 1. Innovation Landscape – Ontario and CanadaPrepared for the Community Future Development CorporationsMarch 19th, 2013
  • 2. About NORCAT | Our MandateFounded in 1995, NORCAT is a private, non-profit organization, that empowers ourclients, our staff, and our community partners to drive a culture of productivity,innovation, and life-long learning in Canada and beyond.Located in Sudbury, Ontario, theNORCAT Centre stands atapproximately 65,000 square feet.Our facility is home to our trainingand development centre,entrepreneurial programs andincubator, and facilities and eventservices.
  • 3. NORCAT Regional Innovation Centre As part of the Ontario Network of Excellence, NORCAT serves as Sudbury’s Regional Innovation Centre partnering with community stakeholders to help start and accelerate the growth of innovative companies Only… 4-10% of new companies become high- growth firms. But the top… in any given year generate roughly 1% 40% of new jobs. in any given year generate roughly 5% 66% of new jobs.High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011 3
  • 4. Creation of Virtual Density in Canada – How we win!As Sudbury’s Regional Innovation Centre, NORCAT needs to build strong connections toother innovation centres and corporates across Canada that can be leveraged toexpedite the resolution of our client’s challenges
  • 5. Northern Technology Alliance – Our Unique Assets The Northern Technology Alliance includes the Sault. Ste. Marie Innovation Centre, NORCAT, Innovation Initiatives Ontario North (North Bay), and the Northwestern Ontario Innovation Centre (Thunder Bay) From the perspective of the Ontario Government, the Northern Technology Alliance functions as one consolidated RIC serving the North – all having comparable services
  • 6. Canada’s Innovation Landscape – Client Needs
  • 7. Innovation = Messy, Chaotic, Nimble, Ever-Changing! Innovation Centres offer an array of core service offerings to meet the needs of entrepreneurial and innovative ventures. Connections to mentors, corporates, capital, talent, and partners collectively serve to help our clients overcome their challenges
  • 8. Capital – The Achilles Heel of Start-ups?! Dilutive Capital Non - Dilutive Capital• Angel investors (Northern Ontario Angels, Georgian Bay Angels, GTAN, MaRS Angels)• Venture Capital (MaRS CT fund, IAF, OMERS, OETF, Extreme, among many others in Canada)• Crowd sourcing platforms (Canada is evolving the model depending on legislation)• Angel list, kickstarter, indiegogo, among other on-line platforms
  • 9. Innovation Trends that Canada Should Care About! • Big Data / Transformative Analytics • Healthcare and our Aging Population • Cross Industry Innovation • Crowd Sourcing / Open Innovation • Research Commercialization • Natural Resource Competitiveness
  • 10. Northern Centre for Advanced Technology1545 Maley Drive | Sudbury, ON | P3A 4R7 @norcat www.norcat.org www.facebook.com/NORCAT