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Why and How to Grow Your Engage Project into a Longer-Term Collaboration Beyond ENGAGE A special workshop for Engage researchers & industry partners. Presented.

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Presentation on theme: "Why and How to Grow Your Engage Project into a Longer-Term Collaboration Beyond ENGAGE A special workshop for Engage researchers & industry partners. Presented."— Presentation transcript:

1 Why and How to Grow Your Engage Project into a Longer-Term Collaboration
Beyond ENGAGE A special workshop for Engage researchers & industry partners. Presented by: NSERC Research Partnerships Division and NSERC Regional Development Division

2 Engage 101 6 - month R&D project aimed at solving a company-specific problem New relationship between a company and a university researcher or college $25,000 grant paid to the post-secondary institution (no cash required from the company) IP belongs to the company Applications accepted anytime 6 weeks turnaround time with a 90% success rate

3 Seven Years of ENGAGEment
NSERC’s Engage investment has created 6,800 new collaborations involving… 4,200 companies 72% new to NSERC 3,200 professors 53% new to NSERC-funded industry collaboration 15,000 HQP

4 Participants like Engage (we know because we asked)
94% of companies describe their project as a success 86% of companies state their problem was fully or partially solved through the Engage project 2/3 of professors report using the results of the six- month Engage project in a publication and student thesis One in six projects results in an Engage student being hired by the company

5 Company’s problem solved. Is that the whole story?
Not quite. Engage companies also report: Enhanced R&D activity (66%) New business directions (62%) Improved competitive position (49%) New investment attracted (26%) Enhanced knowledge base and skills (83%)

6 Engage ROI (stats from the 5,900 Engage projects completed to Sept
1,370 NSERC-funded follow-on collaborations* 1-in-4 conversion rate to a longer-term project $55M invested by NSERC. $97M invested by Engage companies (* and many more by other agencies like OCE, FedDevOnt, etc.) 500 researchers & companies introduced to Partnerships through Engage were motivated to start new projects with a different collaborator. 300 ‘Engage Plus’ follow-on projects to date

7 Why re-engage after Engage?
You’ve invested six months of effort to establish trust and visibility with a new industry partner. Your visibility with the company diminishes over time. Seize the opportunity! Capitalize on the momentum! Planning + Effort (+ NSERC) = Results

8 The Path from Engage to CRD Options
Engage Plus > CRD Direct-to-CRD Cash Contribution Mandatory $4K - $12.5K Mandatory No min / max Cash Leverage of In-Kind No Yes - 1:1 IP Agreement Not required (like Engage) Required Project Length 6 months max. 1 – 5 years Award Limit 1:1 up to $12.5K 2:1 with no limit Project Budget Up to $25K From $15K to ‘very large’ Co-PI’s? Yes Collaborators? Academic – yes Industrial – yes Application Deadline 6 mo. after Engage end No deadline Evaluation NSERC Committee External Peers Application Turnaround 4 – 6 weeks 12 weeks

9 Advancing to a CRD


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