Bjoern Kingsley and Jason Lavigne are proposing developing a 6,500 square foot ICT Business Incubator offering the Region of Peel services including: business incubation and acceleration; public-private funding and collaboration in the areas of business and technology development, research and education; mentorship and coaching for entrepreneurs; focus programs for female tech entrepreneurs and foreign investors, businesses and talent.
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Proposal for a Tech Incubator in Peel Region
1. We are proposing developing a 6,500 square foot ICT Business Incubator offering the
region services including: business incubation and acceleration; public-private funding and
collaboration in the areas of business and technology development, research and
education; mentorship and coaching for entrepreneurs; focus programs for female tech
entrepreneurs and foreign businesses and talent.
We have developed a detailed 365 day timeline for roll-out and secured a location. Aside
from private investors, we are seeking initial support from key partners, including: Cities
of Mississauga, Brampton, Oakville, Federal and Provincial Govt., Universities, Microsoft,
RICC, MaRS, OCE, ONE, Communitech, NRC, TiE, and others.
Over the past few years we have established networks for ICT professionals that are being
recognized throughout the GTA and represent a large portion of the local tech (business)
community. What we have learned is that there is a need and great demand for a
Mississauga-based Technology Incubator.
Executive Summary
2. An Innovative Opportunity Presented by Jason Lavigne & Bjoern Kingsley
Serving Mississauga, Brampton, Oakville & The World
3. a computer programming comment tag; to indicate planned
enhancements;
http://en.wikipedia.org/wiki/Todo
“TODO”
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4. “TODO” is intended to be a centrally located, state of the art, ICT
Business Incubator (BI) facility directly serving the Peel and Halton
regions with leading edge business and technology support services.
Whether you are a startup or an existing company interested in
expansion, “TODO” is your one stop shop for business growth.
Entrepreneurship
Innovation
Growth of wealth and primary jobs
Education
Community building
Regional focus
What is “TODO”
6. Incubator Services
Soft Landings
Accelerator
Rapid Application Development | Prototyping
“TODO” Business Units
7. Lease space at low cost rates
Includes furniture, utilities, meeting rooms, Internet, copy/fax
Participate in focus groups | Launch & Learns
One stop business service center
RICC | MBOT | SBEC | EDC | NRC
Links to qualified investors, mentors and advisors
Design and analysis technology services
Prototyping services
Commercialization Assistance
Incubator Services
8. In 2017, “TODO” will initiate an NBIA “International Soft
Landings” program.
Target foreign-owned companies with interest in growing a
Canadian market presence.
Mississauga, Brampton & Oakville have sister city status in
these countries:
Japan (2) | China (2) | Philippines (1) | USA (1)
Soft Landings
9. Programming combines virtual and onsite services
specifically targeted at ICT commercialization.
○ Boot camp Retreats
○ Investor Presentation Prep and Introductions
○ Mentor Identification and Assistance
○ Advisory Board Development
○ Peerspectives Roundtables
Accelerators
10. RAD approaches to software development put less emphasis
on planning tasks and more emphasis on development. In
contrast to the waterfall model, which emphasizes rigorous
specification and planning, RAD approaches emphasize the
necessity of adjusting requirements in reaction to knowledge
gained as the project progresses.
Rapid Application Development (RAD)
11. Our 6,500 square foot facility in Mississauga (Hurontario
& Matheson) provides private office space, classrooms,
collaboration areas and conference meeting rooms.
The Location
13. Innovation & Entrepreneurship
Eco-System
Human
ingenuityMarkets
Social and Economic
Wealth Creation
Skills Innovation
Policy
Regulation
Finance
Business
Infrastructure
Entrepreneurs
Technology
Parks
Incubators
Academia
Human
ingenuity
Skills Innovation
Social and Economic
Wealth Creation
Markets
Source : infodev.org
idisc.net
14. Innovation & Entrepreneurship
Eco-System
Human
ingenuityMarkets
Social and Economic
Wealth Creation
Skills Innovation
Policy
Regulation
Finance
Business
Infrastructure
Entrepreneurs
Technology
Parks
Incubators
Academia
Human
ingenuity
Skills Innovation
Social and Economic
Wealth Creation
Markets
Incubators
Source : infodev.org
idisc.net
16. Business incubators are a leading instrument used by many
governments to facilitate technology transfer from public
research organizations
Commercial risks pose a greater problem than technical
risks when taking R&D results to market, not least because
spin-offs are often founded by scientists with technical
capacities but without business skills
Business Incubation: a Public Solution to
Accelerate Technology Transfer
17. Tailored Financial Services Critical to
Manage Start-Up and Scale-Up Costs
And also:
•Syndicated capital from third party investors
•Agreements with local banks to test new forms of financing
18. Co-location of start-ups with mature companies
Natural clustering & collaboration
Entrepreneurs mutually learn & educate
Diversified model of incubation + office rentals
Strategic mix of public funding & private investments
Strict entry criteria
Critical Success Factors for Incubators
19. Investors & seasoned entrepreneurs leveraged as mentors
Strong management monitoring mentors, companies, processes
Lean & cost effective incubation program, optimal use of resources
For-fee service screens out insufficiently commercialized candidates
Climate of collaboration & networking from the start
Critical Success Factors for Incubators (cont’d)
20. Number of tenant clients within the incubator
Evaluation of services by incubator clients
Growth in the number of applicants
Number of companies that successfully graduate
Percentage of incubator graduates that stay in the community
Number of jobs created
Performance Indicators & Success Criteria
21. Revenue of companies being served
Incremental tax revenues generated by clients and graduates
Level of community support for and from tech businesses
Capital raised by companies being served
Grants received by companies being served
Performance Indicators & Success Criteria (cont’d)
22. Cloud
Big Data & Open Data
Internet of Things
Bio-Medical Devices (fitbit, Apple Watch etc…)
Automation (home & car)
Target Hot & Trending Industry Focuses
23. Business – Enterprises | Service Providers | Professionals
Investors – Gov’t Funding | Angel | Venture Capital
Key Partners
24. Government – Municipal | Provincial | Federal
Education – University | Colleges | Secondary Schools
Incubators – Local | Silicon Valley | International
Key Partners (cont’d)
25. Thank You! Feedback?
Björn Kingsley
Rubicomm
bjoern@rubicomm.com
Jason Lavigne
Black & White Logic Inc.
jason@blackandwhitelogic.com