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Innovation Information Forum: Federal programs, services and financing for entrepreneurs - Full presentation


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Find out how the latest in federal government innovation and commercialization initiatives can help your business.

Hear from experts at the following departments and agencies to get up-to-date information on how their programs and services support innovation and entrepreneurship:

* Public Works and Government Services Canada Canadian Innovation Commercialization Program (CICP)

* National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP)

* Foreign Affairs and International Trade Canada Going Global Innovation (GGI)

* Federal Economic Development Agency for Southern Ontario Investing in Business Innovation Program (IBI)

Published in: Business, Economy & Finance
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Innovation Information Forum: Federal programs, services and financing for entrepreneurs - Full presentation

  1. 1. Canadian Innovation Programme canadien Commercialization pour la commercialisation Program des innovations To Kickstart Innovation Encourager linnovation Office  of  Small  and  Medium  Enterprises   Bureau  des  pe9tes  et  moyennes  entreprises   (OSME)   (BPME)  
  2. 2. Overview  •  Context  •  Objectives  •  Approach  •  Calls  for  Proposals  •  Process  •  Outreach  •  Benefits  of  the  CICP  •  CICP  Contact   Information   3  
  3. 3. Context   •  Current  government  programs  to  support  innovation  focus   Context   on:   Objectives   Early  research  and  development   Loans  /  financing   Approach   •  Budget  2010:  The  Canadian  Innovation  Commercialization   Calls  for     Proposals   Program  (CICP)  was  created  to  help  Canadian  enterprises,   particularly  small  and  medium  enterprises  (SMEs),  bridge   Process   the  “Pre-­‐commercialization  Gap”   Outreach   Enterprises  oBen   Government   experience  difficul9es   These  challenges  are   Benefits  of   recognizes  SMEs  are   moving  innova9ons   par9cularly  cri9cal  to    the  CICP   the  engine  of  the   from  laboratories  to   SMEs  CICP  Contact     Canadian  economy   the  marketplace  Information   4  
  4. 4. Objectives   Assis9ng  in  bridging  the   “Pre-­‐commercializa9on   Context   Gap”   Objectives   Approach   Calls  for     Improving  the   Proposals   efficiency  and   Suppor9ng   effec9veness  of   Canadian   Process   Businesses   government   opera9ons   Outreach   Benefits  of    the  CICP   Providing  real-­‐world  CICP  Contact     evalua9ons  of  pre-­‐Information   commercial  goods  and   services   5  
  5. 5. Approach   Context   Over  a  two-­‐year  period,  the  government  will  procure   pre-­‐commercial  innovations  to  be  tested  by  federal   Objectives   departments   Approach   Calls  for     Proposals   These  innovations  will  focus  on  four  priority  areas:   Process   Outreach   Benefits  of    the  CICP  CICP  Contact    Information   6  
  6. 6. Calls  for  Proposals   Context   • Calls  for  Proposals  (CFP)  will  be  posted  on  MERXTM   Objectives   •  Additional  information  available  on     Approach   • CFP  will  include  mandatory  and  point-­‐rated  criteria   Calls  for     Proposals   • Proposals  must:   Process   Be    valued  at   Not  have  been   Be  provided  by   Include  80%   Outreach   $500K  or  less   sold   Canadian   Canadian   (GST/HST  and   commercially   bidders   content   Benefits  of   shipping  extra)    the  CICP  CICP  Contact    Information   7  
  7. 7. Process   Start Call  for   Proposal   Context   Proposals are submitted through the Objectives   Once match online submission department is found service as outlined in Test Plan is carried Product/   NRC-­‐IRAP   the CFP Approach   out and feedback is Service  Tes6ng   Evaluates   provided Proposals   Calls  for     Proposals   Process   Innova6on   Top scoring PWGSC will work Matching  to   Selec6on   innovations are Outreach   with successful Government   Commi;ee   reviewed by the suppliers to identify Departments   (ISC)   ISC test department Benefits  of    the  CICP   Final  Ranking  CICP  Contact     of  Proposals   PWGSC will send notification letters toInformation   suppliers outlining results 8  
  8. 8. Outreach   Context   The  Office  of  Small  and  Medium  Enterprises  (OSME)   will  host  and  participate  in  events  across  the  country   Objectives   Approach   These  events  will:   Calls  for     Proposals   Process   Outreach   Benefits  of    the  CICP  CICP  Contact    Information   9  
  9. 9. Benefits  of  CICP   Context   Find  innova9ons  not  yet  available  in  the   marketplace  to  address  specific  departmental   Objectives   challenges  and  needs  and  increase  efficiency.   Approach   Federal   Test,  use  and  assess  the  latest  Canadian   Calls  for     government   Proposals   innova9ons.   departments   Process   will  have  the   opportunity   Meet  face  to  face  with  innova9ve  suppliers  of   Outreach   to:   goods  and  services.   Benefits  of    the  CICP  CICP  Contact     Promote  innova9on  and  support  the  Information   development  of  Canadian  businesses.   10  
  10. 10. Benefits  of  CICP   Businesses  will  have  the  opportunity  to   Context   Objectives   Be  be^er   Sell     prepared  to   Approach   Connect  with   pre-­‐commercial   Receive  feedback   enter  the   poten9al  clients   innova9ons  to   Calls  for     on  tested   marketplace   in  federal   the  Government   Proposals   innova9ons  in     with  the   government   of  Canada   an  opera9onal   knowledge   Process   departments  and   through  a   se]ng   obtained   showcase   compe99ve   through   innova9ons   procurement   Outreach   par9cipa9on  in   process   this  program   Benefits  of    the  CICP   Businesses  will  also  gain  valuable  knowledge  on  how  to  sell  their  goods  and  CICP  Contact     services  to  the  Government  of  Canada  and  learn  about  bidding  opportuni9es.  Information   11  
  11. 11. CICP  Contact  Information   Context   Objectives   Public  General  E-­‐mail   Approach   Calls  for     Proposals   Program  Website   Process   innovation   Outreach   Benefits  of    the  CICP  CICP  Contact    Information   12  
  12. 12. 13 13  
  13. 13. Overview•  Introduction to FedDev Ontario•  Investing in Business Innovation•  Questions and Answers
  14. 14. Background•  Federal Economic Development Agency for Southern Ontario (FedDev Ontario) launched by the Prime Minister - August 13, 2009•  Created in response to southern Ontario’s economic challenges - tailored to the region’s unique needs and priorities•  Supporting southern Ontario’s economic recovery through job creation, growth, and innovation 15 15  
  15. 15. The Agency•  Head Office in Kitchener•  Regional offices in Stratford, Peterborough, Toronto and Ottawa to serve the diverse needs of southern Ontario•  Over 200 staff delivering on our mandate 16
  16. 16. Creating a Southern Ontario Advantage FedDev Ontario is working with southern Ontarians to: •  Promote economic growth and job creation •  Foster innovation •  Enhance productivity and competitiveness •  Support regional diversification •  Position southern Ontario as a strong force on the global stage
  17. 17. Achieving a Southern Ontario Advantage•  Encouraging youth to enter Science, Technology, Engineering, Mathematics (STEM) fields•  Encouraging the next generation of innovators and entrepreneurs•  Supporting increased access to capital for higher-risk endeavours•  Supporting communities to be prosperous and to diversify•  Cultivating and commercializing game- changing innovation 18
  18. 18. FedDev Ontario Initiatives People Advantage •  Youth STEM (up to $20M) •  Graduate Enterprise Internship (up to $80M) •  Scientists and Engineers in Business (up to $50M) Knowledge Advantage •  Applied Research and Commercialization Southern   Ontario   Initiative ($15M over 2 yrs) Advantage   •  Technology Development Program (up to $75M) Entrepreneurial Advantage •  Investing in Business Innovation (up to $190M) Prosperity Advantage •  Prosperity Initiative - Productivity, Diversification and Competitiveness (up to $210M) 19
  19. 19. Entrepreneurial Advantage•  Help innovative start-up companies leverage angel and venture capital investments to accelerate commercialization•  Support angel networks to attract new investment•  Programs: Investing in Business Innovation 20
  20. 20. Investing in Business Innovation•  Overview•  Eligible Applicants – Start-up Businesses•  Investor Requirement•  Funding•  Application Process 21
  21. 21. Investing in Business Innovation•  Up to $190 million through March 2014•  Help start-up businesses bring new products, processes and practices to market faster by leveraging private sector investment to carry out eligible commercialization activities•  Support angel investor networks and associations in their outreach and promotion activities to attract investment 22
  22. 22. Investing in Business InnovationEligible Applicants - Start-up SMEs:•  Registered businesses planning to undertake commercialization activities in southern Ontario•  Have less than 50 employees•  Must have a signed draft term sheet from a recognized angel or venture capital investor, conditional on Investing in Business Innovation funding, as proof of a funding commitment. 23
  23. 23. Investing in Business InnovationEligible Applicants - Start-up SMEs (cont.):•  Must be utilizing mentoring, counseling, and other business services from an angel investor or venture captial partner.•  Priority may be given to start-up SMEs that have already received one round of funding from an eligible angel or venture capital investor. 24
  24. 24. Example of an IBI applicant 25  
  25. 25. Investing in Business InnovationInvestor Requirement:•  Angel Investor - defined as an investor that meets the Ontario Securities Commission definition of an accredited investor. The angel investor must also be a member of an angel investor network in southern Ontario registered with the National Angel Organization.•  Venture Capital Investor - must be registered with the Canadian Venture Capital Association, and planning to undertake investment activities with a southern Ontario start-up SME. 26
  26. 26. Investing in Business InnovationInvestor Requirement (cont.):•  Angel or venture capital investor must be prepared to submit a report to FedDev Ontario outlining their due diligence procedures and findings 27
  27. 27. Investing in Business InnovationFunding for IBI Project•  At least 2/3 of Eligible and Supported Project Costs to be contribution in Cash by investors•  Up to 1/3 of Eligible and Supported Project Costs to be funded by FedDev Ontario – to a maximum of $1M•  FedDev Funding disbursed on a reimbursement basis•  FedDev Funding is Repayable 28
  28. 28. Investing in Business Innovation•  IBI Project: Commercialization Activities that will move innovative products, processes, or practices closer to market. Eligible Activities may include: •  Product and process •  Marketing studies applied research •  Certification •  Engineering design •  Proof of concept •  Technology development •  Piloting and demonstration •  Product testing •  Problem solving •  Commercialization of intellectual property (IP) 29
  29. 29. Why apply to IBI 30  
  30. 30. Investing in Business InnovationApplication Process•  Review IBI Program Guidelines and connect with the IBI Program Manager or an IBI Project Officer to discuss your project•  Application to be submitted with draft term sheet prior to the closing of the investors funding.•  Full application package with supporting documents must be submitted within 2 weeks. 31
  31. 31. Investing in Business InnovationApplication Process (cont.)•  Applications are assessed on a first-come first serve basis when they are complete.•  We are not able to provide estimates of the duration of the assessment process. 32
  32. 32. What Can IBI funding do for you? 33  
  33. 33. Presenter: Laura Chan 519-571-6848 laura.chan@feddevontario.gc.caFor more information about FedDevOntario or our initiatives please visit or call us at 1-866-593-5505. 34 34  
  34. 34. Janice VogtleDeputy Director and Trade Commissioner, Ontario RegionForeign Affairs and International Trade CanadaInnovation Information ForumJune 1, 2011
  35. 35. Contents•  Role of DFAIT•  Role of the Trade Commissioner Service•  Role of the Ontario Regional Office and staff•  Detailed review of the Going Global Innovation funding program
  36. 36. Foreign Affairs and International Trade Canada (DFAIT)•  Represents Canada around the world through – embassies, consulates and trade offices, – participation in multilateral institutions – international treaties and arrangements.
  37. 37. DFAIT s four key functions•  Coordinating international policy-making•  Promoting Canadian interests, values and expertise abroad•  Assisting Canadians by providing global commerce, consular and passport services•  Supplying a physical platform outside Canada
  38. 38. Did you know…•  DFAIT is staffed with more than 11,000 employees, more than 7000 abroad.•  DFAIT provides an international platform and policy integration for 22 federal government departments•  Many provinces have co-located staff at Canadian embassies and consulates•  An integrated network of 12 regional offices across Canada – posts abroad - Ottawa HQ
  39. 39. The Canadian Trade Commissioner Service (TCS)Canada’s most comprehensive network of international trade professionals. Located in –  more than 170 cities worldwide, 18 offices across Canada. –  serve between 10,000 and 15,000 Canadian companies per year
  40. 40. Delivering value to businessesWe can help companies succeed globally through fourkey services: 1.  Preparation for international markets 2.  Market-potential assessment 3.  Qualified contacts 4.  Problem solving
  41. 41. Preparing for international marketsOur trade commissioners in Canada help SMEs:•  determine whether they are internationally competitive;•  decide on a target market;•  collect market and industry information; and•  enhance their international business strategies to export, invest and innovate.
  42. 42. Building Canada s economy The TCS promotes Canada’s economic interests in the global marketplace. The TCS facilitates:•  Foreign-market access •  Technology transfer(FTAs, Economic Cooperation •  Licensing agreementsAgreements, FIPAs) •  Joint-venture development•  Trade leads •  Investment in Canada (FDI)•  Exports •  Canadian direct investment•  Business contacts abroad (CDIA)•  Events •  Research and development (R&D) partnerships
  43. 43. Leveraging PartnershipsThe TCS• has an unparalleled network of contacts around theworld. And that network starts at home.• connects you to its partners through its regionaloffices across Canada. Partners include:   •  Export Development Canada (EDC) •  Canadian Commercial Corporation (CCC) •  Business Development Bank of Canada (BDC) •  Provincial economic development organizations •  Business and industry associations
  44. 44. DFAIT Ontario Regional Office: Organizational Structure•  Director & STC (Toronto – 29 staff) •  Advanced Manufacturing Technologies •  ICT & Health Industries •  Investment, Innovation & Services •  Info-Centre and Client & Administrative Services –  Satellite Offices: Windsor, Waterloo, Ottawa
  45. 45. DFAIT s Global Commerce Support Programs•  Global Opportunities - Associations Support for national associations to undertake international business development activities•  Invest Canada Communities Initiative For communities to attract, retain and expand FDI•  Investment Cooperation Program (INC) Support for new and existing investments abroad•  Going Global Innovation Financial assistance for Canadian researchers to help develop international R&D partnerships
  46. 46. International Science and Technology Partnerships Program (ISTPP) •  The International Science and Technology Partnerships Program (ISTPP) is a $20 million program managed by DFAIT, but delivered by an arms-length organization (ISTPCanada). •  The program is aimed at building S&T relationships with key partners in four countries (India, China, Brazil and Israel). •  Funding supports bilateral research projects and stimulates bilateral networking to develop new partnerships geared at the commercialization of R&D.
  47. 47. What is Going Global Innovation?•  A grant that promotes and enhances Canada’s international innovation efforts.•  Assists Canadian researchers in pursuing international R&D collaborative opportunities through the development of partnerships with key players in other countries/ economies.•  Supports activities (projects) that aim to build on targeted relationships between Canadian companies and/or researchers and key players in other countries
  48. 48. Who is eligible to apply?•  Canadian researchers from: –  Canadian SMEs, –  Canadian universities; –  Canadian non-government research centres•  Preference given to groups of applicants representing various research organizations
  49. 49. What costs are eligible?•  Up to 75% of eligible project costs can be reimbursedEligible project costs:•  Travel and related costs –  airfare, local transportation, accommodation, meals and incidentals•  Other non-research costs such as: –  Meeting costs (workshops and seminar expenses, hospitality) –  Pursuit of large scale projects (such as EU Framework) –  Prorated costs for: the development of legal documentation to solidify a R & D partnership; translation services; photocopies, printed materialsActivities and costs that are not eligible are: –  research and development activities –  commercial and business activities –  activities not directed at establishing specific partnerships (licensing; technology transfer; developing a web presence; retrofitting an existing technology for a local market)
  50. 50. Other Terms? Deadlines?•  Applicants must request a minimum of $5,000 to be considered•  Maximum payable to any organization for an approved project is $75,000•  Stacking limit is 75%•  Applications must be submitted at least 8 weeks in advance of the project commencement date.
  51. 51. 2010-11 GGI Projects - Sector Focus
  52. 52. 2008-2010 GGI by Country of Destination Almost 70% of projects are focused on top 7 priority markets: China, USA, Germany, Japan, UK, France, and India
  53. 53. Local Success StoryWIN (Waterloo Institute of Nanotechnology) •  GGI supported WIN s nanotechnology missions to Japan in 2009 and 2010, and to Israel in 2010. •  GGI supported a 2008 mission to India establish a research partnership with counterparts, and supported a follow-up mission there in 2010.–  Quote from WIN: »  The outcomes of the [GGI-funded] Israel trip (Nov 2010) were some of the most tangible to date: 3 research collaborations, 1 Material Transfer Agreement, 1 economic partnership, and a commitment to a reciprocal research and investment visit to Waterloo in the Spring by the leaders of the top nanotechnology institutes in Israel. »  Similar to the GGI funded trips to Japan and India, the Israel trip will form the foundation for many collaborations, investments and S&T Policy considerations to come.
  54. 54. ISTPP Contact information Valerie La Traverse Deputy Director, Innovation, Science & Technology Division DFAIT, Ottawa Tel: (613) 995-9468 Email: Valerie.Latravers@international.gc.caGoing Global Innovation Contact Information Pratima Rao Trade Commissioner, Innovation, Science and Technology DFAIT Ontario Regional Office, Toronto Phone: 416 973-5190 Email: pratima.rao@international.gc.caGGI Program Administrators in DFAIT/Ottawa Yvonne Lauzon/Erika Mallett Phone: 613 995-7920 Email: innovation@international.gc.caWebsite:
  55. 55. OverviewInnovation Information Forum June 1, 2011 Bill Dobson Director, IRAP Ontario 56
  56. 56. NRC’S NEW STRATEGY•  Our vision: To be the most effective Research and Technology Organization (RTO) in the world, stimulating sustainable domestic prosperity•  Our role as an RTO: Market-driven organization whose primary job is to develop and deploy technology•  Our mission: Working with clients and partners, we provide strategic research, scientific and technical services to develop and deploy solutions to meet Canadas current and future industrial and societal needs. 57
  57. 57. Our business lines: Strategic R & D•  NRC helps industry and government address strategic national priorities through mission‐oriented research and technology development (including frontier science)•  Is an ROI based agenda – invest to achieve a defined outcome within a specified time frame•  Flagship programs are one part – national in scale; show casing NRC s unique value proposition to deliver high impacts for Canada•  Other programs also support what matters to the country now and into the future (natural resources, environment, health costs, security, community infrastructure, and industry competitiveness. ) 58
  58. 58. Our business lines: Scientific Infrastructure•  NRC helps clients effectively utilize specialized scientific infrastructure  Includes managing the country’s large‐scale research infrastructure by leveraging our national perspective, international linkages and track record of providing facility access to user communities 59
  59. 59. Our business lines: Technical Services•  NRC helps clients solve immediate problems associated with the transfer, adoption and diffusion of technology by offering such services as testing, certification, calibration, prototyping, demonstration, scale‐ up and consulting•  Shorter term focus on client needs based largely on fee-for-service 60
  60. 60. Our business lines: IRAP•  NRC helps support the innovation activities – and helps build the innovation capacity – of Canadian small and medium‐enterprise (SME) clients by providing them with advisory services and financial support 61
  61. 61. What do we provide SMEs*?•  Customized technical and business advisory services•  Networking and linkages to other SME focused organizations, potential partners and investors•  Financial support* small and medium-sized enterprises (SMEs) – Firms with up to 500 employees 62 Medicago, Québec, QC
  62. 62. What sort of financial support do we give?•  Financial contributions to firms to develop technologies, both domestically and globally•  Financial contributions to innovation collaborators for SME-targeted programs•  Financial assistance to hire new graduates – Youth Employment Program (YEP) 63 Sorcimed Biopharma Inc., Sackville, NB
  63. 63. The Support Process 64 64
  64. 64. Field Staff of the Program The ITA* Advantage Experience •  256 field staff Outreach •  75% have Masters or PhD •  Field staff are located in 147 offices / Services •  80% have specialized 100 communities •  R&D project advice industrial experience •  Each work with •  Competitive •  45% have run their 42 clients per year Technical Intelligence own R&D facility •  11 of their clients will •  Networking and linkages •  65% have some receive funding from •  Funding opportunities & experience in working NRC-IRAP programs at other federal government labs or •  Typically make 105 departments client site visits a year •  34% have been entrepreneurs*Industrial Technology Advisor - ITA 65 65
  65. 65. Where do we support clients? LEGEND NRC-IRAP Industrial Technology Advisor (ITA) NRC-IRAP Regional Office NRC Institute NRC Cluster 66
  66. 66. Budget Breakdown (FY 2010/11)FY 10/11 Budget $ 283.7 M Direct  support  to  clients  -­‐  $  264.2  M  Direct Support to ClientsContributions $ 235.5 M(Firms, Youth, Organizations)ITA Direct Service $ 28.7 MProgram AdministrationProgram Salaries $ 12.5 MAdmin / Operating $ 7.0 M# ITAs – 256 67
  67. 67. Who are our clients?NRC-IRAP worked with 8,578 SMEs*in 2009-2010, of which 2,871received some form of funding. 303784% < less than 193650 employees 1201 95465% < fewer than20 employees 188 352 377 222 352 74 BC AB SK MB ON QC NB NS PE NL* small and medium-sized enterprises (SMEs) – Firms with up to 500 employees 68 68
  68. 68. Direct  support  for  business(2009-­‐10)   NRC-­‐Industrial  Research  Assistance  Program  (NRC-­‐IRAP)   NRC-­‐IRAP  EXPENDITURES  BY  INDUSTRY   SECTOR  (2009/10)   NRC-­‐IRAP  OBJECTIVES     •  S9mulate  wealth  crea9on  for  Canada  through   technological  innova9on  in  Canadian  SMEs  in   part  by  providing  direct  financing  support  for   business  R&D    Over  80%  of  clients  have  <  50  employees    65%  have  <  20  employees    Cuts  across  industry  sectors    Across  all  regions   69
  69. 69. Direct  support  for  business  (2009-­‐10)   NRC-­‐Industrial  Research  Assistance  Program  (NRC-­‐IRAP)   NRC-­‐IRAP  EXPENDITURES  BY  INDUSTRY   SECTOR  (2009/10)   NRC-­‐IRAP  OBJECTIVES     •  S9mulate  wealth  crea9on  for  Canada  through   technological  innova9on  in  Canadian  SMEs  in   part  by  providing  direct  financing  support  for   business  R&D    Over  80%  of  clients  have  <  50  employees    65%  have  <  20  employees    Cuts  across  industry  sectors    Across  all  regions   70
  70. 70. IRAP Expenditures by Industry Sector ( 2010-11 )Aerospace 3,110,000 (1.2%)Agriculture and Food 14,182,000 (5.9%)Construction and Related Products 15,772,000 (6.5%)Energy and Environment 21,451,000 (8.9%)Health and Life Sciences 26,424,000 (11.0%)ICT 88,230,000 (36.7%)Manufacturing and Materials 34,623,000 (14.4%)Other 37,105,000 (15.4%)TOTAL 240,900,000 (100.0%) 71
  71. 71. Contact usFor information on NRC-IRAP or to reach an ITA Call our toll-free number: 72
  72. 72. 73