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Published byRoss Robertson Modified over 8 years ago
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Goal of the ARCN Support the growth, productivity & diversification of existing Atlantic firms Help establish & grow knowledge-based industries in Atlantic Canada
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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
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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
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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
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Total Human Resources Technology Commercialization – Existing 9.2 - AIF Supported 9.5 ILO’s – Nova Scotia Supported 5.5 24.2 Universities to provide support staff (as well as office space and services) through in-kind contributions.
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Shared Network Service Days ProvidersDays Dalhousie120 GENESIS (MUN) 90 UNB 70 280 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 10 280
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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
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Governance of ARCN AAU Council Appoints Board ARCN Advisory Board – Chair, 2 university and 4 private sector directors Board develops strategy and reviews performance
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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
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Annual Expenses Expenses Wages & Salaries1,500,000 Travel 300,000 Patent & Legal 250,000 Proof of Concept 200,000 Administrative Costs $2,450,000
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Funding Partners to ARCN AIF/ACOA50% Tri-Council (NSERC, CIHR, SSHRC)20% Universities30% Interns in Innovation (NT Atlantic) – supported by Tri-Council
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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)
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Near Term Development Captive Venture Fund Support for promising research Support for Receptor & Spin-off Companies using ARCN technologies
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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
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