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1. University of Toronto – Institute Optical Sciences July 27, 2006.

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Presentation on theme: "1. University of Toronto – Institute Optical Sciences July 27, 2006."— Presentation transcript:

1 1

2 University of Toronto – Institute Optical Sciences July 27, 2006

3 3 Ontario Centres of Excellence (OCE) Inc. Who We Are Non-for-profit organization dedicated to innovation in Ontario Partner with industry, universities, colleges, research hospitals and the Government of Ontario Have been bridging the gap between academic research and the marketplace since 1987 Where Next Happens

4 4 Ontario Centres of Excellence (OCE) Inc. What We Do Build Networks of innovators from industry, academia and government. Support Research in Ontario’s universities, colleges and research hospitals, in collaboration and consultation with industry. Move Research Results To The Marketplace through investment and advice that transfers technology from academic research to a company ready to bring it to market. Develop Innovators by supporting researchers through a number of initiatives that help them develop essential entrepreneurial skills.

5 5 Ontario Centres of Excellence (OCE) Inc. Innovation Expertise OCE programs are delivered through the technical and sectoral expertise of our five Centres. Each is focused on an area vital to the growth and development of the Ontario economy: Communications and information technology Earth and environmental technologies Energy Materials and manufacturing Photonics

6 6 Materials and Manufacturing Automotive Chemical Polymers Nanotechnology Metals Biomedical Manufacturing Processes Energy Energy Markets Market Dynamics Human Response Energy Systems Emerging Energy Technologies Photonics High Intensity Laser Nanotechnology Laser Processing Biophotonics Fibre Optic Applications Communications and Information Technology Communications Digital Media Information Technology Earth and Environmental Technologies Clean Water Technologies Sustainable Energy Solutions Sustainable Infrastructure Resource Management Sustainable Agriculture and Agri-Food Delivery Through 5 Centres

7 7 Network Research Program (Innovate) Talent Program (Cultivate) Commercialization Program (Accelerate) Interact Proof of Concept Champions of Innovation Collaborative Research Market Readiness Accelerator Investment Martin Walmsley Fellowship Connections International Scholarships Conference Travel Awards Value-Added Personnel First Job Ontario Centres of Excellence (OCE) Inc. Programs

8 8 Research Interact New Industry-Academia relationships OCE funds to a maximum of $13,500 incl. OH (~3-6 mths duration) Company funds according to size (Sm 1:5 Med 1:2 Lrg 1:1) Approval by (a) Centre MD, (b) RIC Proof of Concept (feasibility; proof of principle; mitigate risk on further R&D) OCE funds up to $25,000 incl. OH (~3-12 mths duration) Fundamental, enabling research Approval by (a) Primary Centre + one other Centre, (b) Peer review 2A + 2I, (c) RIC Champions of Innovation ( fund. R&D; disruptive tech.; may lead to new co.) OCE funds up to $100,000 (typically $50,000) x up to 3 terms of 12mths Requires private sector endorsement Require business case review by OCE Commercialization Team Collaborative OCE funds to a maximum of $200,000/yr incl. OH x up to 3 yrs Company funds according to size (Sm 1:5 Med 1:2 Lrg 1:1) Approval by (a) Primary Centre + one other Centre, (b) Peer review 2A + 2I, (c) RIC

9 9 Proposal Application Form Project Title: Principal Investigator: Department and Title of Position: Academic Institution: Mailing Address: E-mail: Phone/Fax: Project Partner(s) Name of Organization: Contact Name and Title: Mailing Address: E-Mail: Phone/Fax: Problem/Issue Research will address: [In 3 or 4 sentences, describe the problem you intend to solve] Proposed Technology/Solution: [In 3 or 4 sentences, describe the technology or solution that will address the problem/issue]. Benefit to Ontario: [Describe how the project will enhance the economic competitiveness of Ontario firms and organizations]

10 10 Proposal Application Form Cont’d Commercialization: [Who will commercialize the technology/solution? e.g. existing company, start-up] Expected Project Duration: Months____ Investment and Leverage: Differentiate between cash and in-kind support to the proposed project. Total Investment (Over Full Project Duration) Cash In-Kind OCE (Requested): Partner (1) Partner (2) Other(s) Total Abstract (maximum: One Page) Provide a 500 word abstract that will serve as a short synopsis of the proposal. The abstract should include, but not be limited to: the purpose of the project, the desired results, the technological outcome, and the potential benefit to Ontario.

11 11 Commercialization Market Readiness Program OCE funds10K-100K to assist university technology to bridge gaps to commercialization Accelerator Program Up to $250K convertible debenture for new start ups

12 12 Market Readiness Further development of IP Next stage of commercialization Specific outcomes Prototype assessment, protection, characterization, demonstration, start-up Criteria Strength of technology Potential economic impact Revenue to Ontario Team Commercialization Likelihood of a successful outcome

13 13 Market Readiness Outcomes Revenues Follow on Investment License New Company Start-up Adoption by Industry New Partnerships Financial community, industry receptors, NSERC I2I award Job Creation

14 14 Talent First Job (Masters or PhD) OCE funds 50% of salary up to $40k unless start-up then $50k Connections Final year undergraduate teams + Industry partner Project defined by industry but selected by team/academia OCE funds up to $3000 + Company funds same Science & Technology Awareness (K-12) Ontario Science Centre Science and technology Awareness Network (STAN) International Scholarships OCE funds up to $15,000 for 4 mths abroad Conference Travel Award (OCE students only) OCE funds up to $2000 (competition 4x per year) Value Added Personnel (VAP) program (OCE students only) Complimentary courses to technical skills for Masters and PhDs Entrepreneurship Development program CBET (Waterloo); MEEI (McMaster); ADMI Martin Walmsley Fellowship (researcher to start new Co.) OCE funds $50,000/yr up to 2 years

15 15 yes OCE Business Development Process

16 16 Materials and Manufacturing (Bob Civak) Ross Bradsen Harvey Pellegrini Mike Grace (Sudbury) Steve Colbert (London) Bob Marshall Earth and Environmental (Dan McGillivray) Michael Fagan Balinder Rai Richard Worsfold Don Lewis Energy (Nancy Cowan) Ben Greenhouse Nicole Geneau George Wright Carole Champion (Ottawa) Business Development at OCE Communications and IT (Ron Killeen) Martin Croteau Gary Brock Bryan Kanarens Hindal Mirza (Ottawa) Bill Petrie Bharat Rudra (Ottawa) Roxy Hamilton (Ottawa) Photonics (Gerry Lynch) Santo Aguanno Marc Nantel Don Wilford Boris Elenkrig

17 17 Ontario Centres of Excellence (OCE) Inc. Delivering Results In our last fiscal year, OCE invested nearly $21 million in research within Ontario's universities, colleges and research hospitals. This was matched by a nearly equal amount of cash and in-kind support from industry partners. This total $40 million investment in research supported over 2500 people working on research projects in Ontario's universities, colleges and research hospitals. Cumulatively, this approach has generated 49 technology licenses currently in force and resulted in 41 new companies.

18 18 Thank You


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