© 2014 ontario centres of excellence inc. · 2014-02-10 · campus-linked accelerator seed fund...

© 2014 Ontario Centres of Excellence Inc.

6 February 2014 RIC Centre, Mississauga

SUPPORT FOR COMPANY R&D


A competitive edge for Ontario companies by leveraging academic research, talent and networks

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ONTARIO CENTRES OF EXCELLENCE

Established in 1987 by the Province of Ontario

Four priority sectors: • Advanced Manufacturing

• Advanced Health Technologies

• Energy and Environment

• Information &Communications Technology & Digital Media

Dedicated business development team

Part of the Ontario Network of Entrepreneurs • Responsible for industry-academic collaboration programs

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OCE ENGAGEMENT MODELS

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Collaborative Projects

Academic Spin-outs

Experiential Entrepreneurial

Learning


ONTARIO NETWORK OF ENTREPRENEURS

Industry – Academic Collaboration

www.marsdd.com

• MaRS Advisory Services • MaRS Business Accelerator Program • Investment Accelerator Fund • SiG @ MaRS

Business Acceleration Small Business Support

Regional Innovation Centres

Collaborative network of organizations helping Ontario businesses grow


RETURN ON INNOVATION 2012-13

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PROJECT EXAMPLES


COLLABORATIVE RESEARCH

TRANSFORM AUTOMOTIVE

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The Challenge • Improve understanding of “flow forming” process to

reduce cycle time and improve product quality

OCE Role • Connected with Western University in London for

advanced process and materials modeling and simulation capabilities

• Collaborative Research project with OCE funding to match company contribution.

Outcomes • Increased product throughput and quality • Increased sales $30M over 4 years • Added 44 new jobs

Advanced metal formed components for automotive transmissions www.transformauto.com


BIONYM

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THE CHALLENGE • Too many Passwords and PINs makes them either difficult

to remember or easy to hack.

THE BREAKTHROUGH TECHNOLOGY • The Nymi bracelet – using your unique electrocardiogram

(ECG) signature to replace passwords and PINs

HOW OCE HELPED • Two rounds of Market Readiness funding

• SmartStart program funding.

WHERE ARE THEY NOW? • Closed 7-figure venture investment round in 2013

• Launched Nymi in September 2013

• Attracting developers to create apps that could unlock cars, verify financial transactions and replace house keys.

RETURN ON INNOVATION • Currently employs 10 people • Recruiting another five people by

end of 2013 • Projects hiring another 50 people

by 2015


February 6, 2014

FUNDING PROGRAMS


R&D PROGRAM LANDSCAPE

Program Collaboration Focus

SR&ED Not required Tax credit support for R&D

NRC IRAP IRAP ITA Optional external

Offset % of R&D cost Project-based

Ontario Talent Access Program MITACS Accelerate NSERC Post-Grad Scholarships Connect Canada OCE Voucher for E-Business Co-op Programs

Internship positions, small projects

Talent development and exchange

NRC IRAP Youth Emp. Strategy Hiring graduates Support hiring recent grads

NSERC Engage (universities) NSERC ARD (colleges) OCE Voucher for Innovation and Productivity OCE Voucher of Industry Associations

With academic institution Solve problems, feasibility assessments, build relationship, short-term engagement

OCE Collaborate to Commercialize With academic institution Research challenge, new IP, multi-year

NSERC CRD With academic institution Research challenge, new IP, multi-year

FedDev - Investing in Commercialization Partnerships

Academic institution, not-for-profit, industry associations

Research commercialization, ecosystem development

NSERC Partnerships and Networks Multiple institutions and companies Strategic research

Ontario Research Foundation Canada Foundation for Innovation

Company interest Research

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PUBLIC STARTUP SUPPORT

Program Offer Eligibility / Notes Courses – Business of Software, Udacity , Entrepreneurship 101, Lean Launchpad

Many free, some with small fees Varies.

Business Acceleration Program (BAP) Administered by MaRS Advisory Services

Advisory services delivered through Regional Innovation Centres (RICs)

Any high growth potential startup in Ontario

Accelerators: UTest, Jolt, DMZ, Velocity, Next 36, Impact Centre, Rotman Creative Destruction Lab,…

Varies. Some may offer some cash (for equity), space, advice, process…

Varies, some target students, recent graduates. Mileage may vary – “graduates”, qualifications?

OCE Voucher for Commercialization OCE Market Readiness

Cumulative to $650k, through several stages

Spin-out of Ontario academic research institution Technology based on academic research. Matching requirements vary by stage

Entrepreneurship Fellowships - OCE, OBI, CYBF, SSHRC, Others

Varies $25,000 - $100,000 Varies with program. Programs may be sector focused or target specific group. Usually a grant, some loans

Campus-Linked Accelerator Seed Fund $30,000, 1:1 cash match Start-ups by young entrepreneurs from the CLAs Expected to launch ~March – June 2014

OCE SmartStart $30,000, 1:1 cash match New entrepreneur, STEM graduate Last Call! Closes 31 January 2014

Embedded Executive / Expertise Programs - MaRS, IRAP

Pays for executive to address gap, typically 3-6 month placement

Varies with administrator

Youth Investment Accelerator Fund (YIAF) Up to $250,000 in return for equity/debt Majority of founders under 30 Ontario technology-based start-up

Investment Accelerator Fund (IAF) Up to $500,000 in return for equity/debt Any Ontario technology-based start-up.

FedDev – www.feddevontario.gc.ca Varies Programs launching now for 1 April 2014

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OCE PROGRAMS AND SERVICES


TALK WITH US WHEN YOU HAVE THE OPPORTUNITY TO:

1. Extend your R&D capacity through a college, university or research hospital

• Leverage academic talent and facilities

2. Start up a company based on academic research

• Based around a significant business opportunity for your research

3. Find talent to support your R&D • Internships to test drive potential hires and research relationships


Updated: Jan 2014

OCE PROGRAMS & SERVICES

Collaborative Commercialization

• Collaborate-to-Commercialize (C2C) • Market Readiness • SmartStart • High Performance Computing Initiative

(IBM and SOSCIP) • Colleges Ontario Network for Industry

Innovation (CONII) • Medical Sciences Proof-of-Principle

(MSc PoP)

Collaborative Voucher Program

• Voucher for Innovation and Productivity (VIP)

• Voucher for Commercialization (VC) • Voucher for E-Business (VEB) • Voucher for Industry Association

R&D Challenge (VIA)

Entrepreneurial Talent

• Entrepreneurship Fellowships ‒ Martin Walmsley Fellowship for

Entrepreneurship ‒ OCE-OBI Entrepreneurship

Fellowships ‒ David McFadden Energy

Entrepreneur Challenge ‒ OCE-CYBF Entrepreneurship

Fellowships ‒ Social Entrepreneurship

Fellowships • On–Campus Entrepreneurship Activities


OCE ENGAGEMENT

Partners Industry Colleges

Universities Research Hospitals

OCE Programs

Provincial Federal

IACP, ELP, SI, SEF, HPC OCE/NSERC

OCE Innovation Services

Business Development Proposal Management

Marketing & Communications

Other Programs

ONE NSERC MITACS FedDev

Network Engagement MEDI, ONE & MaRS

RICs & SICs SBEC, SWODF, EODF Industry & Academia

Technology Transfer Networks

Sector Engagement

Advanced Manufacturing Advanced Health

Energy & Environment ICT & Digital Media

OCE

Business Development Representative

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EXAMPLE SPECIAL INITIATIVES

Active • High Performance Computing

• Ontario - Alberta initiative • Made-in-Ontario – VIA Call for

Proposals • Special Energy Fund – Phase 2 • OCE-Ontario Brain Institute (OBI)

Internships • Single Application: OCE TPS +

Connect Canada Internship + NSERC Engage + IRAP

In Development • MTO Connected Vehicles /

Autonomous Vehicles Program • Campus-Linked Accelerators and

Seed Fund Recently Completed • Social Innovation (Pilot) • Embedded Executive (IRAP) • Experiential Learning (Pilot) • OCE-NSERC IRDF • Special Energy Fund – Phase 1

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OCE KEY PROGRAMS

Voucher for Innovation and Productivity • Company + academic team • Solve problem / create new technology / test and validate • VIP: <$20k, $5k cash match • VIP2: $50k-$150k / Max. 2 years / 50% cash match • OCE funds project at the institution • Any size company

Internships • Several programs • Co-funds intern placement with company • Focused on graduate (Masters, Ph.D., Postdoc) students.

Market Readiness • Start-up (~90%) or licencing • Academic research spin-out • Milestone based support • Flexible use of funds for start-up activities • Entry <$25k, max $250k, cumulative $650k • Requires cash matching • Funding to start-up company

Fellowship Programs • Amount varies with program • Typically run as fixed call, irregular schedule

> Martin Walmsley Fellowship for Entrepreneurship > OCE-Ontario Brain Institute Entrepreneurship Fellowships > David McFadden Energy Entrepreneur Challenge > OCE - Canadian Youth Business Foundation Partnership > Social Entrepreneurship Fellowships

• Some have very limited number of awards.

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Established Companies: Start-ups:


PROGRAM INFORMATION

Most up-to-date program information is always on our website: www.oce-ontario.org

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TALK WITH US WHEN YOU HAVE THE OPPORTUNITY TO:

1. Extend your R&D capacity through a college, university or research hospital

• Leverage academic talent and facilities

2. Start up a company based on academic research

• Based around a significant business opportunity for your research

3. Find talent to support your R&D • Internships to test drive potential hires and research relationships


HOW TO GET STARTED

OCE Voucher of Innovation and Productivity

OCE Talent Edge Internships (soon)

Connect Canada Internships

NSERC Engage

www.onebusiness.ca

www.oce-ontario.org

Key Entry Programs

www.riccentre.com


DISCOVERY

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STAR AWARD Best Tradeshow in

Canada 2010 & 2011

STAR AWARDBest Tradeshow in

John MacRitchie [email protected] +1 416 861 1092 x1038 @jmacritchie


EXTRA SLIDES DETAIL ON VOUCHER PROGRAMS

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OCE COLLABORATION VOUCHER PROGRAM • Launched in June 2013 • Vouchers are credits SME’s use to access to expertise and resources

from colleges, universities and research hospitals • OCE has partnered with the Government of Canada through NSERC,

the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP) and Connect Canada

• Simplifies the process of applying for funding of industry-led academic research and innovation collaborative projects

• Responsive to the marketplace • Supports high priority sectors including life sciences, transit and

aerospace • Enhances Ontario SME opportunities for growth and innovation • Key recommendation of the Jobs & Prosperity Council Report

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COLLABORATION VOUCHER PROGRAM – 4 STREAMS

• Voucher for Innovation and Productivity (VIP) • $20,000 to address technical challenges that will have a commercial impact,

with a focus on export development

• Voucher for Commercialization (VC) • Up to $50,000 for business to commercialize IP developed in Ontario

academic research institutions via start-ups or licensing

• Voucher for E-Business (VEB) • Up to $2,500 for “main street” SMEs to connect with Ontario colleges to take

advantage of online tools to drive e-business, market expansion and exports

• Voucher for Industry Association R&D Challenge (VIA) • Enables cross-sector partnerships between industry associations or consortia

of companies and academia to address R&D challenges

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COLLABORATION VOUCHER PROGRAM

What is a voucher? A collaboration voucher is a credit that small and medium-sized enterprises (SMEs) in Ontario can redeem for expertise and resources from Ontario universities, colleges and research hospitals to help make their businesses more innovative and productive.

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OBJECTIVES OF COLLABORATION VOUCHER PROGRAM

The Collaboration Voucher program is designed to • Better align research institutions with the needs of

SMEs and strategic sectors • Create an efficient marketplace for SMEs to access

innovation, productivity and commercialization services from research institutions (e.g., undergraduate and graduate programs, research capacity, infrastructure, etc.)

• Drive increased industry-academic collaborations and provide experiential learning opportunities for students

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TYPES OF VOUCHERS: VIP

Voucher for Innovation and Productivity (VIP) • $20,000 to address technical challenges that will have a commercial

impact

• To improve productivity; develop business strategy and export development plan

• Minimum matching cash contribution of $5,000 from the SME

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TYPES OF VOUCHERS: VIP

Voucher for Innovation and Productivity (VIP) • Whole-of-government approach; one-stop-shop for provincial and federal support

• Applicants “check” the appropriate box for additional federal support: Connect Canada university graduate student internship(s)

• $5,000 minimum per intern; multiple interns permitted NSERC Engage/ARD - one add-on of $25K for first time collaborations between PI and SME / College and SME IRAP – referral of approximately $20K for non-academic expertise/service providers to company page 29


TYPES OF VOUCHERS: VC

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Voucher for Commercialization (VC) • Up to $50,000 for prototyping and related commercialization

activities; • For establishing proof of commercial concept; product design;

scope market size and profitability; plan business case and path to commercialization;

• 25% match


TYPES OF VOUCHERS: VEB

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Voucher for E-Business (VEB) • Up to $2,500 for “main street” SMEs with a focus on e-business,

digital and social media adoption • To drive market expansion including exports (e.g. assistance to set

up a web-site/on-line platform for international sales). • Colleges are primary knowledge providers


TYPES OF VOUCHERS: VIA

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Voucher for Industry Association R&D Challenge (VIA) • Indirectly support start-ups, SMEs and larger firms through their

industry associations • Industry association identifies problem or challenge • Call goes out and academic institutions in partnership with SME

end-users respond with proposals for projects that address the problem and provide a benefit to all (most) SMEs in that sector


VOUCHERS ONLINE

Details about the program can be found on the Ontario Centres of Excellence website at

oce-ontario.org/vouchers

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© 2014 ontario centres of excellence inc. · 2014-02-10 · campus-linked accelerator seed fund...

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