Canadian Innovation Centre Establishing the National Advisory Council and Sponsorship Program Presented to FPTT May 31, 2005 By Bill Reimer, President.

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Presentation transcript:

Canadian Innovation Centre Establishing the National Advisory Council and Sponsorship Program Presented to FPTT May 31, 2005 By Bill Reimer, President Canadian Innovation Centre

© Canadian Innovation Centre2 Canadian Innovation Centre a National Centre of Experience In Technology Commercialization Our Mission: The Mission of the Canadian Innovation Centre is to provide decision support to individuals, corporations and the communities that support them such that the rate of innovative product commercialization is significantly improved.

© Canadian Innovation Centre3 CATA/ITAC CME/Conf.B FPTT CommBoards OCRI/CTI/MaRS Innovacorp Commonwealth Advantage CFDC/CBDC BEC’s National Advisory Council Members refer technology start-ups to CIC for services related to entry level Commercialization strategies. CIC generates “faster to market” strategies based on experience and active case load. Clients pay for services on an as needed basis with Government and Sponsorship support when appropriate. CIC National Centre of Commercialization Experience

© Canadian Innovation Centre4 CATA/ITAC CME/Conf.B FPTT CommBoards OCRI/CTI/MaRS Innovacorp Commonwealth Advantage CFDC/CBDC BEC’s Gateway Technologies Pre-Revenue SME’s Research Spin-outs Sources of Technology for Commercialization Gateway Technologies are off –shore companies who will benefit from using Canada/NAFTA in their entry strategy to North America Pre-Revenue SME’s are very early stage needing support in market, business and technology development Research Spin-outs are technologies inside Universities and Institutes that have potential for commercial deployment CIC National Centre of Commercialization Experience

© Canadian Innovation Centre5 Commonwealth Foundation. Bell Research HP Royal Bank Gowlings Deloitte Microsoft National Prospective Sponsors Home HardwareRocheMcNeal Products Canadian Tire Help reduce the cost to Pre-revenue Technologies of commercialization strategies Have first access to pre-screened early stage technologies Use CIC to screen early stage technologies and prospective clients National Sponsors ensure consistency of program delivery by CIC Reduce their own cost to acquire new clients or products CIC National Centre of Commercialization Experience

© Canadian Innovation Centre6 Commonwealth Foundation. Bell Research CATA/ITAC CME/Conf.B FPTT CommBoards OCRI/CTI/MaRS Innovacorp Commonwealth Advantage CFDC/CBDC BEC’s HP Royal Bank Gowlings Deloitte Microsoft Federal Programs Gateway Technologies Pre-Revenue SME’s Research Spin-outs National Advisory Council Provincial Programs Home HardwareRocheMcNeal Products Canadian Tire Prospective Innovation Sponsors CIC National Centre of Commercialization Experience

© Canadian Innovation Centre7 Membership: Banks and VC Firms Technology Centres Universities Private Corporations Market Research Firms Others? Board of Directors: The Centre of Excellence for Pre-commercial Decision Support Best Practices Institute Staffing Plan: Internship for private sector product development personnel (1 or 2 yr post) Internship for MBA students Advancement for Innovation Partner Staff Core staff experienced in the 5 Technology sectors which are the basis of Canada’s Innovation Strategy Canadian Innovation Advisory Council Connected to the Programs and DollarsIndustry Representation Gurus of Innovation and New Product Development Technology Development Inc. Seed Funding for SME’s Commercialization Curriculum

© Canadian Innovation Centre8 Creating a Profound Impact On The Rate of Commercialization™ 1.profound impact on the “Rate of Commercialization™.” 2.“Market Validation” into the nations commercialization Roadmap 3.assessment and evaluation tools have an immediate impact 4.gathering of data can identify the impact of the process 5.It can use the data gathered, to build the case for appropriate resources to fill the gaps. 6.It can highlight resource gaps in the overall commercialization landscape which slow down the rate of commercialization, to validate future government investment decisions.

© Canadian Innovation Centre9 CIC is at the forefront of best practices for pre-revenue commercialization research and strategies in Canada Guiding Innovation to be Market-Ready Since 1975