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Science World Retreat
       June 3rd, 2011
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                                    2
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Increase Conversion

Imagination      Tech Industry       Research
 (high school)   (Large companies)   (University)




                                                                      Market
                                            Idea       Market
                                                                   Penetration &   Anchor
                                         Validation   Validation
                 Entrepreneurs                                       Expansion
                                                                                     *fake numbers
Increase Conversion
                 43%

Imagination        Tech Industry           Research
 (high school)         (Large companies)   (University)




                                                                            Market
                                                  Idea       Market
                                                                         Penetration &   Anchor
                                               Validation   Validation
                   Entrepreneurs                                           Expansion
                                                                                           *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




                                                                                  Market
                                                        Idea       Market
                                                                               Penetration &   Anchor
                                                     Validation   Validation
                   Entrepreneurs                                                 Expansion
                                                                                                 *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%




                                                                                  Market
                                                        Idea       Market
                                                                               Penetration &   Anchor
                                                     Validation   Validation
                   Entrepreneurs                                                 Expansion
                                                                                                 *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%


                                            24%

                                                                                  Market
                                                        Idea       Market
                                                                               Penetration &   Anchor
                                                     Validation   Validation
                   Entrepreneurs                                                 Expansion
                                                                                                 *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%


                                            24%                   5%

                                                                                       Market
                                                        Idea            Market
                                                                                    Penetration &   Anchor
                                                     Validation        Validation
                   Entrepreneurs                                                      Expansion
                                                                                                      *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%


                                            24%                   5%                37%

                                                                                        Market
                                                        Idea            Market
                                                                                     Penetration &   Anchor
                                                     Validation        Validation
                   Entrepreneurs                                                       Expansion
                                                                                                       *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%


                                            24%                   5%                37%              1%

                                                                                        Market
                                                        Idea            Market
                                                                                     Penetration &        Anchor
                                                     Validation        Validation
                   Entrepreneurs                                                       Expansion
                                                                                                            *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%


                                            24%                   5%                37%              1%

                                                                                        Market
                                                        Idea            Market
                                                        Idea                         Penetration &        Anchor
                                                     Validation        Validation
                   Entrepreneurs                                                       Expansion
                                                                                                            *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%


                                            24%                   5%                37%              1%

                                                                                        Market
                                                        Idea            Market
                                                        Idea            Startup      Penetration &        Anchor
                                                     Validation        Validation
                   Entrepreneurs                                                       Expansion
                                                                                                            *fake numbers
Increase Conversion
                 43%                       64%

Imagination        Tech Industry                 Research
 (high school)         (Large companies)         (University)




             5%             80%             15%


                                            24%                   5%                37%              1%

                                                                                         Market
                                                        Idea            Market        Rampup &
                                                        Idea            Startup      Penetration &        Anchor
                                                     Validation        Validation       Speedup
                   Entrepreneurs                                                       Expansion
                                                                                                            *fake numbers
Imagination Strategies - Secondary Schools
Program                                                                                        Budget
BCIC Young Innovator Scholarship (YIS)                                                         $60,000 est in scholarships
– 36 schools registered, est 1175 students going through process                               $22,250 admin fees
– Pre-allocated funds held w/SFFBC , SIDIT and NIDT
– YIS running for 3 years (founded in 2008), ## students have been awarded
Science Achievement Awards (SAA)
– 302 schools registered, est 310 students to receive medals of recognition                    <$5,000
– SAA running for 28 years (founded 1983), over 8,000 awarded students
Innovation Exploration (IE)
– 75 CWSF student participants.                                                                Annually we budget $75,000
– IE running for 21 years (founded 1990), over 500 students have gone through program          but we aim to spend <$50,000
Science Fair Foundation of BC (SFF BC)
– Impacts over 60,000 students across B.C. and the Yukon each year                             $150,000 in annual funding
– PMC-Sierra Annual 5K Science Fair Fun Run
     • Averages 1,000 participants annually
– BCIC Regional Science Fair Awards
     • BCIC Award; Joint student/teacher cash prize; $100 (student) $100 (teacher);            $1,100 in cash prizes
         550 awarded students + 550 awarded teachers
     • BCIC Young Innovator Award; Subscription, Perpetual Trophy;                             $350 in subscription fees
     • Junior (Grades 6-8) and Intermediate (Grades 9-10); 13 awarded students.
     Year of Science (2010-11)
           – Major cross-government initiative led by the Ministry of Advanced Education and
             Labour Market Development.
           – BCIC participated in 10 regional events
BELIEVE



5

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  • 3. Increase Conversion Imagination Tech Industry Research (high school) (Large companies) (University) Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 4. Increase Conversion 43% Imagination Tech Industry Research (high school) (Large companies) (University) Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 5. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 6. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 7. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% 24% Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 8. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% 24% 5% Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 9. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% 24% 5% 37% Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 10. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% 24% 5% 37% 1% Market Idea Market Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 11. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% 24% 5% 37% 1% Market Idea Market Idea Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 12. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% 24% 5% 37% 1% Market Idea Market Idea Startup Penetration & Anchor Validation Validation Entrepreneurs Expansion *fake numbers
  • 13. Increase Conversion 43% 64% Imagination Tech Industry Research (high school) (Large companies) (University) 5% 80% 15% 24% 5% 37% 1% Market Idea Market Rampup & Idea Startup Penetration & Anchor Validation Validation Speedup Entrepreneurs Expansion *fake numbers
  • 14. Imagination Strategies - Secondary Schools Program Budget BCIC Young Innovator Scholarship (YIS) $60,000 est in scholarships – 36 schools registered, est 1175 students going through process $22,250 admin fees – Pre-allocated funds held w/SFFBC , SIDIT and NIDT – YIS running for 3 years (founded in 2008), ## students have been awarded Science Achievement Awards (SAA) – 302 schools registered, est 310 students to receive medals of recognition <$5,000 – SAA running for 28 years (founded 1983), over 8,000 awarded students Innovation Exploration (IE) – 75 CWSF student participants. Annually we budget $75,000 – IE running for 21 years (founded 1990), over 500 students have gone through program but we aim to spend <$50,000 Science Fair Foundation of BC (SFF BC) – Impacts over 60,000 students across B.C. and the Yukon each year $150,000 in annual funding – PMC-Sierra Annual 5K Science Fair Fun Run • Averages 1,000 participants annually – BCIC Regional Science Fair Awards • BCIC Award; Joint student/teacher cash prize; $100 (student) $100 (teacher); $1,100 in cash prizes 550 awarded students + 550 awarded teachers • BCIC Young Innovator Award; Subscription, Perpetual Trophy; $350 in subscription fees • Junior (Grades 6-8) and Intermediate (Grades 9-10); 13 awarded students. Year of Science (2010-11) – Major cross-government initiative led by the Ministry of Advanced Education and Labour Market Development. – BCIC participated in 10 regional events

Editor's Notes

  1. \n
  2. \n
  3. Develop a master plan with IRAP, WD, NSERC, DFAIT, etc\n
  4. \n
  5. \n
  6. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  7. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  8. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  9. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  10. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  11. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  12. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  13. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  14. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  15. I&amp;#x2019;m going to run down some guiding principles that my team and I worked out through three day long strategy sessions. You should notice that everything I present can/should able to pass or map against these principles.\n
  16. huntsville - Bechtel - Engineering\ndurham - Duke - R&amp;D Testing\nDC - Sprint Nextel - computer systems design.\nLV - Balley Technologies - engineering services\n
  17. Dean&amp;#x2019;s history - transition to quantitative - create continuity when I leave.\n
  18. Dean&amp;#x2019;s history - transition to quantitative - create continuity when I leave.\n
  19. Dean&amp;#x2019;s history - transition to quantitative - create continuity when I leave.\n
  20. Dean&amp;#x2019;s history - transition to quantitative - create continuity when I leave.\n
  21. Dean&amp;#x2019;s history - transition to quantitative - create continuity when I leave.\n
  22. Dean&amp;#x2019;s history - transition to quantitative - create continuity when I leave.\n
  23. \n
  24. Did a quick survey 178 entrepreneurs responded.\n\nWho here has started a company? - CUSTOMER OBSESSED - The difference between being customer obsessed and competitor obsessed is that if we&amp;#x2019;re competitor obsessed we can only be as good as our competition. \n\nVERY Preliminary: Much more work to be done here. Slice the data to successful companies. Also slice it by what psychological make up embodies a founder who wants to &amp;#x2018;anchor&amp;#x2019;. We should look for trends over time. Are they getting younger? are more coming from school this year than 10 years ago? Let&amp;#x2019;s figure this out. According to MaRS fund - 7% of their deals are from university. Ycombinator average age is 26.\n
  25. Did a quick survey 178 entrepreneurs responded.\n\nWho here has started a company? - CUSTOMER OBSESSED - The difference between being customer obsessed and competitor obsessed is that if we&amp;#x2019;re competitor obsessed we can only be as good as our competition. \n\nVERY Preliminary: Much more work to be done here. Slice the data to successful companies. Also slice it by what psychological make up embodies a founder who wants to &amp;#x2018;anchor&amp;#x2019;. We should look for trends over time. Are they getting younger? are more coming from school this year than 10 years ago? Let&amp;#x2019;s figure this out. According to MaRS fund - 7% of their deals are from university. Ycombinator average age is 26.\n
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