Ontario Commercialization Networks

Ontario Commercialization Network A New Approach to Tech-Based Economic Development November 24, 2006 Ministry of Research and Innovation

Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Addressing the Pre-Commercialization Finance, Skills and Technology Gaps Ministry of Research and Innovation Ontario Research Fund (Research Institutions) $31.4 Ontario Research Comm. Program (Tech Transfer) Global Markets Later Stage Financing ($100 M +) Early Stage Financing ($5 -15M) Angel/Seed Stage VC Sales Early Production Engineering Manufacturing R&D Project Lab Prototype Intellectual Property Fundamental Research Market Needs Analysis Skills Gap Product Strategy/Early Management $29M Investment Accelerator Fund (pre-seed) $17M Business Mentorship and Entrepreneurship Program $90M Venture Capital (seed stage $1-5 M) Financing Gap Technology Gap Addressed via ORIC* Efforts *Ontario Research & Innovation Council RIN / OCN Program

Ministry of Research and Innovation Sarnia Building a Commercialization Ecosystem Golden Horseshoe Guelph/Waterloo Windsor London Peterborough Eastern Lake Ontario Ottawa Chatham Western GTA Toronto York Ontario Commercialization Network Northern Ontario

The Ontario Commercialization Network ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

OCN Model to support Tech-based Economic Development Ministry of Research and Innovation Municipal & Regional Economic Development Regional Innovation Networks Sector Innovation Networks Provincial Innovation Network Provincial & Federal Linkages International Linkages Knowledge and Tech Transfer Networks

Provincial Innovation Network: The “Hub” ,[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Provincial Innovation Network: The “Hub” ,[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Sector Innovation Networks (SINs): ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Knowledge and Technology Transfer Networks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Regional Innovation Networks (RINs) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Ministry of Research and Innovation Ontario Commercialization Network Implementation Framework OCN HUB ,[object Object],[object Object],Entrepreneurs SMEs Researchers Start-ups MNEs Customers / Clients (Entrepreneurs) Proactive Outreach Linkages to Resources Gateway Web Portal & Client Management System Value Proposition To Customers Accelerating Deal Flow Across the Network Business Mentorship and Entrepreneurship Program Investment Accelerator Fund Global Business / Global Science / Global Capital ,[object Object],[object Object],Research Institutions & Tech Transfer Office

Regional Innovation Network Model Ministry of Research and Innovation RINs (diagnostic service) ,[object Object],[object Object],[object Object],[object Object],[object Object],Economic Development Organizations Linkages to Commercialization Resources Strategic Alliances (Companies & Researchers) Angel Network Technology Adoption Provincial Commercialization Program & Services (expert advice) Market / Competitive Intelligence Investment Technical / Technology Export Development International Linkages “ Creating New Economic Opportunities through Collaborations” Commercialization Networking & Linkages to Regional Resources Core Economic Development Activities Investment Attraction Expansion & Retention Business Mentor

Regional Innovation Networks Ministry of Research and Innovation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Lessons Learned ,[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Lessons Learned (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

Ontario Commercialization Networks

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Ontario Commercialization Networks