Summit 05 Presentations 06a Richardson


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  • Summit 05 Presentations 06a Richardson

    1. 1. Climate Change Technology Early Action Measures (TEAM) The New Elysian Fields – Clean Technology & Angel Investors National Angel Organization Summit Ottawa, ON. October 24, 2005 Presented by: Wayne Richardson, Director TEAM Operations Office WWW.TEAM.GC.CA
    2. 2. Overview <ul><li>Role of Government programming in supporting innovation & investment </li></ul><ul><li>What is TEAM & Activity summary </li></ul><ul><li>TEAM objectives in deal flow </li></ul><ul><li>Closing comments </li></ul>
    3. 3. The Innovation/Commercialization Process Government Idea Consumers Policy & Programme Interventions Business and finance community Investments Product/ Technology Push Market Pull Basic R&D Applied R&D Demonstration Pre Commercial Niche Market & Supported Commercial Fully Commercial Cost per unit Market expansion Technology “Valley of Death” Market engagement Strategic deployment Barrier programmes policies removal TEAM
    4. 4. TECHNOLOGY INNOVATION COMMERCIALIZATION PROCESS Canadian Federal Funding Context TEAM SDTC PERD IRAP TPC Incentive programs REDI, WPPI,RPPI FCM SR&ED Tax Credit BDC EDC Federal University Granting Councils DEAL FLOW COMMERCIALIZATION INNOVATION Fundamental Research Market Entry Market Ready Product & Market Development Demonstration (Full Scale) Prototype Development Applied Research & Development (Bench Scale)
    5. 5. TEAM Activity Summary <ul><li>101 projects completed or allocated to date from Phases I & II (1998-2004) </li></ul><ul><ul><li>total value of $971M </li></ul></ul><ul><ul><li>Based on $95M TEAM + $101M federal programmes + $775M mostly private plus other governments </li></ul></ul><ul><ul><li>Phase III funds $63M(2004-2008) </li></ul></ul><ul><ul><li>13 projects allocated $18M, total </li></ul></ul><ul><ul><li>project value ~$56M </li></ul></ul><ul><li>326 companies, 46 federal agencies, 49 other government agencies </li></ul><ul><li>Partners in 59 Canadian cities, 15 countries </li></ul>
    6. 6. TEAM’s Mission Technology late stage development and first demonstration in support of early action to reduce GHG emissions, nationally and internationally, while sustaining economic and social development.
    7. 7. What is TEAM? <ul><li>TEAM structures climate change technology deals from anywhere, anytime </li></ul><ul><li>TEAM works across all federal departments </li></ul><ul><ul><li>enables commercialization where & when appropriate </li></ul></ul><ul><li>TEAM adds value to SMEs </li></ul><ul><ul><li>advises & consults on business planning, project development, R&D planning </li></ul></ul><ul><ul><li>Identify resources for technical + financial support </li></ul></ul>
    8. 8. What is TEAM? <ul><li>TEAM adds value for financial investors & for large end-users </li></ul><ul><li>TEAM’s SMART tool provides evaluation & measurement of technology performance + GHG with third parties </li></ul><ul><li>Partners to mitigate both technical + financial risk </li></ul><ul><li>HOW does TEAM fund? TEAM utilizes existing federal programs & agencies close to or thorough understanding of company and/or technology. TEAM manages technical + GHG evaluation . </li></ul>
    9. 9. TEAM Objectives of Deal Flow <ul><li>Economic opportunities to generate Canadian wealth both domestically + internationally </li></ul><ul><li>Expedite technology to market – follow on investors & market forces </li></ul><ul><li>Demonstrations provide options & opportunities for future government policy & programs related to energy </li></ul><ul><li>Aid companies in understanding what they have through technical performance </li></ul><ul><li>“ Quantity of quality deals” to achieve multiple mandates and objectives </li></ul>
    10. 10. Considerations for developing technology demonstration projects <ul><li>Are the technology suppliers, benefactors and end-users sharing demonstration risk? </li></ul><ul><li>Does company have technical and/or business expertise? Able to self-identify weaknesses? </li></ul><ul><li>Does company have focus and vision to understand the road ahead </li></ul><ul><li>Is there after market support for operations & maintenance of technology? CRITICAL to sustainability & market uptake </li></ul><ul><li>What is left behind when the demonstration is completed? </li></ul>
    11. 11. Demonstration Performance and Results <ul><li>Most companies are not adequately prepared to assess the GHG impacts of their own technologies, processes, facilities, etc. </li></ul><ul><li>Created SMART to meet TEAM requirements, since no reasonable off the shelf protocols exist </li></ul><ul><li>Presently, SMART is a platform for national and international consistency, including basis for emerging ISO standard on climate change projects </li></ul><ul><li>SMART is a 3 rd party assessment based on technical performance and project merits </li></ul>
    12. 12. Session Closing Comments (1) <ul><li>Commercialization happens in private companies, not governments or universities </li></ul><ul><li>Commercialization requires risk sharing and private investment throughout the innovation chain </li></ul><ul><li>TEAM’s role is to expedite commercialization through partnering and “buying down” risk </li></ul><ul><li>Government-stamped “SMART” validation is not window dressing – we need it and financial market needs it </li></ul><ul><li>TEAM success is based on health of government R&D, private R&D and investment community </li></ul>
    13. 13. Session Closing Comments (2) <ul><li>TEAM will build on success and look beyond funding demonstration projects to overall commercialization process improvement </li></ul><ul><ul><li>Should government (TEAM) be doing more to develop well packaged business opportunities? </li></ul></ul><ul><ul><li>Can we maximize our mutual benefits through shared networks and cross-leveraging? </li></ul></ul><ul><li>The broader current climate change landscape is an opportunity to collectively improve overall deal flow </li></ul><ul><li>It’s not about just handing out money – it’s the capacity & competency to invest wisely with value-added advice & credibility </li></ul>