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Summit 05 Presentations 06a Richardson

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  • Transcript

    • 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. Overview
      • Role of Government programming in supporting innovation & investment
      • What is TEAM & Activity summary
      • TEAM objectives in deal flow
      • Closing comments
    • 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. 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. TEAM Activity Summary
      • 101 projects completed or allocated to date from Phases I & II (1998-2004)
        • total value of $971M
        • Based on $95M TEAM + $101M federal programmes + $775M mostly private plus other governments
        • Phase III funds $63M(2004-2008)
        • 13 projects allocated $18M, total
        • project value ~$56M
      • 326 companies, 46 federal agencies, 49 other government agencies
      • Partners in 59 Canadian cities, 15 countries
    • 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. What is TEAM?
      • TEAM structures climate change technology deals from anywhere, anytime
      • TEAM works across all federal departments
        • enables commercialization where & when appropriate
      • TEAM adds value to SMEs
        • advises & consults on business planning, project development, R&D planning
        • Identify resources for technical + financial support
    • 8. What is TEAM?
      • TEAM adds value for financial investors & for large end-users
      • TEAM’s SMART tool provides evaluation & measurement of technology performance + GHG with third parties
      • Partners to mitigate both technical + financial risk
      • 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 .
    • 9. TEAM Objectives of Deal Flow
      • Economic opportunities to generate Canadian wealth both domestically + internationally
      • Expedite technology to market – follow on investors & market forces
      • Demonstrations provide options & opportunities for future government policy & programs related to energy
      • Aid companies in understanding what they have through technical performance
      • “ Quantity of quality deals” to achieve multiple mandates and objectives
    • 10. Considerations for developing technology demonstration projects
      • Are the technology suppliers, benefactors and end-users sharing demonstration risk?
      • Does company have technical and/or business expertise? Able to self-identify weaknesses?
      • Does company have focus and vision to understand the road ahead
      • Is there after market support for operations & maintenance of technology? CRITICAL to sustainability & market uptake
      • What is left behind when the demonstration is completed?
    • 11. Demonstration Performance and Results
      • Most companies are not adequately prepared to assess the GHG impacts of their own technologies, processes, facilities, etc.
      • Created SMART to meet TEAM requirements, since no reasonable off the shelf protocols exist
      • Presently, SMART is a platform for national and international consistency, including basis for emerging ISO standard on climate change projects
      • SMART is a 3 rd party assessment based on technical performance and project merits
    • 12. Session Closing Comments (1)
      • Commercialization happens in private companies, not governments or universities
      • Commercialization requires risk sharing and private investment throughout the innovation chain
      • TEAM’s role is to expedite commercialization through partnering and “buying down” risk
      • Government-stamped “SMART” validation is not window dressing – we need it and financial market needs it
      • TEAM success is based on health of government R&D, private R&D and investment community
    • 13. Session Closing Comments (2)
      • TEAM will build on success and look beyond funding demonstration projects to overall commercialization process improvement
        • Should government (TEAM) be doing more to develop well packaged business opportunities?
        • Can we maximize our mutual benefits through shared networks and cross-leveraging?
      • The broader current climate change landscape is an opportunity to collectively improve overall deal flow
      • It’s not about just handing out money – it’s the capacity & competency to invest wisely with value-added advice & credibility