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BioDiscovery Toronto @ May 5 , 2005

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Page 1: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

Page 1

BioDiscovery Toronto

@

May 5 , 2005

Page 2: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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“Institutions for Collaboration” / “Fourth Pillar Organizations”

- central to the concept of clusters (Porter)- focus of Biotechnology Cluster Innovation Program

• The MaRS Discovery District represents an investment to create ‘physical capital’ in the form of a ‘hub’ organization for the commercialization of discoveries in the medical and related sciences.

• BioDiscovery Toronto represents an investment to create ‘social capital’ at MaRS through leveraging the business development capacity of 8 research hospitals and universities and providing a two-way interface with the bio-finance and bio-medical industries.

1. What kind of policy instruments can shape the evolution of clusters?

Page 3: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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To maximize commercialization of research in Toronto by linking

research, industry and capital

BioDiscovery Toronto Mandate

Focus

Provision of a fully functional central interface between the research community and industry as well as a facilitator of

cross-institutional activity

Page 4: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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– Networking that yields better leverage, focus, continuity, cohesion

– Better opportunities to bundle IP– Clearer ‘branding’– A dynamic public-private interface– ….. still missing is any real direct policy

support for ‘downstream’ private sector initiatives

2. What are policy outcomes & can they be linked to specific policy initiatives

Page 5: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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– IFCs are probably the best mechanism going– Too many levels of governance in Canada! – Should we really need such mechanisms?– Our approach is to try and collapse these!!

3. What mechanisms enable multi-level governance in the cluster?

Page 6: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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– Clusters are largely defined by the private sector

– Reverse the question … instead of asking‘what place is left in cluster governance mechanisms for the

private sector?’

– We should be asking ‘what mechanisms do the private sector believe to be

necessary for development of their cluster?’

4. What place do they leave for private sector participants?

Page 7: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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– Tendency to be focus on ‘ex post’ issues• presumably because science policy in Canada is very

much a process of ‘revealed preferences’.

– Should we not be concerned with the development of a more robust and transparent science and cluster policy process?• not only for Life Sciences but for all areas affecting

innovation systems?

5. Do we need a better science/cluster policy ‘process’ in Canada?

Page 8: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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Supplementary slides

Page 9: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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Ontario’s Life Sciences Gateway

SouthwestOntario Waterloo

London

GoldenHorseshoe

Toronto

York Region

WesternGTA

Peterborough Kingston

Ottawa &Eastern Ontario Northern

OntarioGuelph

Technology-basedSMEs

EntrepreneursResearchers

pursuing commercialopportunities

Regional Innovation Networks• Align Regional Resources (address gaps)

• Leverage Federal Funding• Linkages to business support infrastructure

• Linkages to Research Infrastructure

MaRS• Knowledge Management System (Gateway to the World)

• RIN Support e-tools (MaRS Web Portal)• Domestic / International VC Connections

• Commercialization Initiatives (Province Wide)

Page 10: Page 1 BioDiscovery Toronto @ May 5, 2005. Page 2 “Institutions for Collaboration” / “Fourth Pillar Organizations” - central to the concept of clusters

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CommercializationOpportunity bundling

Support for company creationNetwork of service providersManagement of BDO fund

InterfaceMarketingBranding

NetworkingCentral information resource

Member Institutions

Industry

Member Institutions

Capital

BioDiscovery Toronto Operational Model

Tech TransferMarket analysis

(internal/external)Best practices &

professional development

BioDiscovery TorontoInstitution for Collaboration

CustomersInputs