Goal of the ARCN Support the growth, productivity & diversification of existing Atlantic firms Help establish & grow knowledge-based industries in Atlantic.

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Presentation transcript:

Goal of the ARCN Support the growth, productivity & diversification of existing Atlantic firms Help establish & grow knowledge-based industries in Atlantic Canada

Function of the ARCN ID, secure & transfer IP to Atlantic firms If no receptor- transfer to entrepreneur Access to university resources to address Atlantic industry problems & opportunities Develop collaborative research & partnerships with Atlantic Companies Attract new research to Atlantic Universities

All TTO’s and ILO’s Deliver Educational Programs – Tech Transfer and Commercialization Run Networking Sessions Facilitate Industrial Sponsored Research Walk the Halls – Monitor Research Pre-Screen and Assess Technologies Develop POP projects Publicize technology commercialization activities and successes Creation of spin-offs

TTO Specialist Monitor their specialty in all Atlantic Universities Screen and Assess – Patentability, Technical & Commercial feasibility Protect and Manage Intellectual Property Assist in creation of spin-offs

Total Human Resources Technology Commercialization – Existing AIF Supported 9.5 ILO’s – Nova Scotia Supported Universities to provide support staff (as well as office space and services) through in-kind contributions.

Shared Network Service Days ProvidersDays Dalhousie120 GENESIS (MUN) 90 UNB Recipients UPEI, U de M (50 days each)100 UCCB 40 Acadia, NSAC, St. FX (30 days each) 90 SMU, Mt. A (20 days each) 40 MSVU

Shared Service Day Guidelines Services Free of Charge Credit System if over or under budget If over budget – can buy services at cost Record Keeping by Network Manager Service provider shall offer its highest level of service IP belongs to discovering university

Governance of ARCN AAU Council Appoints Board ARCN Advisory Board – Chair, 2 university and 4 private sector directors Board develops strategy and reviews performance

Project Cost & Financing Cash Contributions: AIF Contribution3,600,000 NSERC1,242,000 ACOA New Brunswick BDP 225,000 University Royalties and Recoveries 300,000 University Contribution1,893,000 Total Cash Contributions7,260,000

Annual Expenses Expenses Wages & Salaries1,500,000 Travel 300,000 Patent & Legal 250,000 Proof of Concept 200,000 Administrative Costs $2,450,000

Funding Partners to ARCN AIF/ACOA50% Tri-Council (NSERC, CIHR, SSHRC)20% Universities30% Interns in Innovation (NT Atlantic) – supported by Tri-Council

February Budget Funds to Tri-Council for Commercialization triple IPM, triple POP/I2I ($15 million per year for NSERC) Industry Canada $10 million per year for 5 years for commercialization of university research NRC $5 million per year for 5 years for commercialization of public research (Federal Labs and Universities)

Near Term Development Captive Venture Fund Support for promising research Support for Receptor & Spin-off Companies using ARCN technologies

Longer Term Institutionalized allocation of Granting Council funds for commercialization at universities Partnership and Venture Funds integrated into University TT Networks National Network built on Regional Networks