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CARIC, OAC and OCE Industry – Academic Aerospace Information Sessions

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Presentation on theme: "CARIC, OAC and OCE Industry – Academic Aerospace Information Sessions"— Presentation transcript:

1 CARIC, OAC and OCE Industry – Academic Aerospace Information Sessions
January 8, 2015 – Ryerson University January 13, 2015 – Canadore College January 15, 2015 – Carleton University

2 OCE, oac AND CARIC OAC – July 2013
Aerospace R&TD Challenge Fund ($2.5m in projects) CARIC – October/2014 Letter of understanding (CARIC/OAC/OCE) Developing opportunities to collaborate on R&D and commercialization projects in aerospace OAC leads the CARIC office in Ontario Resource employed by OCE for development of collaboration opportunities – responsible to all three organizations OCE emerging in the ITB program as a R&D/Entrepeneurship investment facilitator in the province of Ontario. Attended AIAC (Nov Ottawa) Attended IAC conference (Oct Toronto) In conversation with a number of organizations

3 Corporate priorities Drive growth through public and industry partnerships Deploy strategic thrusts in priority sectors Create a marketplace for industry to access expertise Foster student entrepreneurship Build capacity 1 2 3 4 5 Picture Link: Drive programs growth through new regional, provincial, federal, and private sector partnerships to maximize commercialization outcomes and economic impact for Ontario Deploy strategic thrusts in priority sectors that can provide a competitive advantage for Ontario in the global economy Create an efficient marketplace for industry to access academic expertise and resources through OCE’s program portfolio, headed by the Collaboration Voucher Program Foster student entrepreneurship to build the foundation for the next generation of successful startups Build capacity to effectively deliver a rapidly expanding program portfolio (source: OCE Corporate Plan)

4 Focal Point for Collaboration
Academia Industry Government Support applied industry-academic R&D and commercialization projects Support youth entrepreneurship There are three different groups that we focus on when we develop partnerships: Academic institutions: to locate ground-breaking research and spirited entrepreneurs Governments (both federal and provincial): to direct their funding in order to promote the development of the province and country Industry; private sector: to find market demands and connect academia with the private sector in order to commercialize for future prosperity Advance innovation agenda Drive economic development outcomes Enable access to advanced research capabilities Enable access to highly skilled talent

5 Our Mission Accelerate innovation through game-changing research leading to successful commercialization and vibrant collaboration between industry, academia and government Picture Link: Overall vision and goal: prosperity from innovation

6 Our Core Competencies Innovation Enabler Capital Enabler Connector
Trusted Partner Picture Link (Innovation): Picture Link (Capital): Picture Link (Connector): Innovation Enabler: Bring funding and expertise together to develop new innovations with high commercial potential Capital Enabler: Support capital through programs to provide capital or de-risk Connector: Link researchers, academics, angels, VCs, government, and others to help create new opportunity Trusted Partner: An organization that helps others succeed.

7 ACCELERATE COMMERCIALIZATION
Our Expertise ACCELERATE COMMERCIALIZATION REDUCE RISK FOR PARTNERS DUE DILIGENCE CO-INVESTMENT OCE has strong expertise in de-risking innovation. This helps attract private investors and other funders to new ventures, ensuring a good return for tax-payers. Many small and medium sized companies typically overlooked by traditional investors have achieved success. We reduce risk by: Co-investing with the private sector - thus, sharing the risk between ourselves and partners. Commercialization of research - where we invest in spinoffs and startups, provide due diligence, support, etc. This process helps make the opportunity investor ready and customer ready. Furthermore, we assist in commercialization in several phases – starting with the proof concept through startup phase, then through first customer and alpha-beta, through to finally co-invest with angels and VCs. CUSTOMER READY INVESTOR

8 Capital Enabler We support commercialization at the earliest stages: co-investing with the private sector in applied research, technology and product development and commercial demonstration. We focus on three core areas: youth entrepreneurship, commercialization of academic IP, and bridging the gap between industry and academia. We not only act as a source of seed financing for new start-ups, but also a broker to attract other investors (i.e. angel investors and VCs) This can lead us to hold equity positions, as we ourselves invest in the start-ups, along with leveraging resources from our strategic partners.

9 We bring together the key players in the innovation ecosystem.
Connector We bring together the key players in the innovation ecosystem. PICTURE LINK: The Ontario Centres of Excellence (OCE) partners with key players in the innovation ecosystem to drive commercialization, technology transfer, and the development of highly qualified personnel. From referrals to collaboration agreements and co-investments, OCE works with its partners to make companies more innovative, facilitating increases in their growth and profitability through industry-academic collaborations. (source: OCE-ontario.org) Innovation Enabler Capital Enabler Connector Trusted Partner

10 Trusted Partner Whole-of-government approach
Provide our mutual clients with a single entry point to access provincial and federal funding. We work in partnership with the Government of Ontario, NSERC, IRAP and FedDev to co-fund R&D and commercialization projects, leveraging provincial and federal support to increase impact and minimize duplication. OCE is funded by the Government of Ontario and we work in partnership with the Government of Canada. OCE is a leader in implementing a whole-of-government approach to provide companies with a single entry point to access provincial and federal funding. We believe in working collaboratively with our provincial and federal partners to increase intergradation and alignment and minimize duplication for the benefit of our mutual clients. Our goal is to leverage resources to drive increased innovation in Ontario and Canada.

11 Trusted Partner Whole-of-government approach
Provide our mutual clients with a single entry point to access provincial and federal funding. We work in partnership with the Government of Ontario, NSERC, IRAP and FedDev to co-fund R&D and commercialization projects, leveraging provincial and federal support to increase impact and minimize duplication. Through this program we now add CARIC and OAC OCE is funded by the Government of Ontario and we work in partnership with the Government of Canada. OCE is a leader in implementing a whole-of-government approach to provide companies with a single entry point to access provincial and federal funding. We believe in working collaboratively with our provincial and federal partners to increase intergradation and alignment and minimize duplication for the benefit of our mutual clients. Our goal is to leverage resources to drive increased innovation in Ontario and Canada.

12 Advanced Manufacturing Energy and Environment
Our Focus Industries Advanced Manufacturing Energy and Environment ICT and Digital Media Advanced Health We invest across all industries as they relate to our mandate, but have 4 priority sectors: Advanced Manufacturing (picture: OCE is supporting industry-academic projects that drive increased innovation and productivity in the mining sector. Our partners include the Centre for Excellence in Mining Innovation (CEMI) and the Natural Sciences and Engineering Research Council of Canada (NSERC). Ontario Research, Technology and Development Challenge in Aerospace in partnership with the Ontario Aerospace Council and NSERC “Made in Ontario” R&D Challenge in partnership with the Canadian Manufacturers and Exporters (CME) and NSERC Energy and Environment Helping Ontario build a global reputation in smart grid development, OCE is working with industry and academic partners to advance technology in data communication, energy storage and smart distribution systems. ICT and Digital Media (http://www.istockphoto.com/stock-illustration growing-social-network-in-hungary.php?st=4aa7cbc) OCE is a key contributor to the Southern Ontario Smart Computer Innovation Platform (SOSCIP) which provides access to supercomputer technology for small to medium-sized enterprises (SMEs). In partnership with IBM and SOSCIP’s seven university members, the program is helping to boost Ontario’s economy by creating new jobs, products, services, technologies and businesses. Advanced Health OCE and other key players from Ontario have partnered with CQDM on the Ontario-Quebec Life Sciences Corridor, which supports research and commercialization projects that develop innovative tools and technologies to accelerate the drug discovery process. Our partners include Life Sciences Ontario, Biopolis Quebec, and MaRS Innovation and the Ontario Brain Institute. (source: Annual Report 12/13)

13 INNOVATION ENABLER We enable innovation through a variety of programs
Those applicable to today’s session will be outlined.

14 ONTARIO CENTRES OF EXCELLENCE
Ontario Centres of Excellence (OCE) was established by the Ontario government in 1987 Created to bridge the gap between industry and academia and to build partnerships between industry and universities, colleges and research hospitals Part of the Ontario Network of Entrepreneurs (ONE), a client-focused, province-wide innovation network Drives the development of Ontario’s economy by helping create new jobs, products, services, technologies and Businesses Leverages the full capacity of Ontario’s research institutions to help technology- based companies commercialize research discoveries Provides unique perspective on industry challenges/needs and relevant areas of research Leverages investments from industry and other partners Offers tailored programs that are responsive, flexible and adaptive Provides real-world job experiences Mentors and supports student entrepreneurs with a promising business idea

15 INDUSTRY – ACADEMIC R & D COLLABORATION
Collaboration Voucher Program *Voucher for Industry Association R&D Challenge (VIA) *Voucher for Innovation and Productivity (VIP I & VIP II) *Voucher for E-Business (VEB) Alberta-Ontario Innovation Program Connected Vehicle/Autonomous Vehicle Research Program (CVAV) TalentEdge *Internships *Fellowships Explore COMMERCIALIZATION Market Readiness Program *Customer Creation *Company Building AdvancingHealth Program ENTREPRENEURSHIP On-Campus Entrepreneurship Activities Campus Linked Accelerators SmartStart Seed Fund Entrepreneurship Fellowships *Martin Walmsley Fellowships *David McFadden Energy Entrepreneur Challenge High School Competition *Young Entrepreneurs, Make Your Pitch

16 INDUSTRY – ACADEMIC R & D COLLABORATION
VOUCHER FOR INNOVATION AND PRODUCTIVITY VIP I – $20,000 to address technical challenges that will have a commercial impact, with a focus on export development VIP II – Between $50,000 and $75,000 annually for a business to commercialize IP developed in Ontario academic research institutions via start-ups or licensing VOUCHER FOR E-BUSINESS (VEB) Up to $2,500 for “main street” SMEs to connect with Ontario colleges to take advantage of online tools to drive e-business, market expansion and exports VOUCHER FOR INDUSTRY ASSOCIATION R&D CHALLENGE (VIA) Enables cross-sector partnerships between industry associations or consortia of companies and academia to a address R&D challenges

17 INDUSTRY – ACADEMIC R & D COLLABORATION
Alberta-Ontario Innovation Program • Supports cross-provincial collaborations between industry and academia to solve key industry challenges in both provinces • Managed by Alberta Innovates-Technology Futures (AITF) and OCE. Industry-academic projects can also leverage existing NSERC programs • Focuses on industry needs that can be tackled through R&D and have economic benefits for both provinces • Connects industry to researchers who can provide innovative solutions to real-world challenges Connected Vehicle/Autonomous Vehicle Research Program (CVAV) • Partners Ministry of Transportation, Ministry of Research and Innovation and OCE • Invests in innovative new transportation technologies to make Ontario’s roads smarter, safer and more sustainable while improving traffic flow • Brings businesses and academic institutions together to drive innovations in this rapidly moving area with a focus on projects with high commercialization potential • Includes research projects on products, services and standards to reduce driver distraction; communications management; data management; connected vehicle technology and improving traffic operations and management TALENTEDGE GAINING REAL-WORLD EXPERIENCE AND APPLYING EXPERTISE TO INDUSTRY PROBLEMS TalentEdge Internship Program • College and university students and recent graduates work on collaborative industry-driven projects TalentEdge Fellowship Program • Ontario-based Postdoctoral Fellows (PDFs) /PhD graduates work on industry-driven research and development projects EXPLORE PROGRAM • Extends CQDM’s Explore program beyond Quebec to the scientific community in Ontario • Builds on OCE’s existing partnership with CQDM and the Quebec/Ontario Life Sciences Corridor • Supports early-stage, unconventional and highly innovative research with the potential to strongly impact the drug discovery process. • Gives priority to projects with strong potential for a disruptive impact on biopharmaceutical research

18 AdvancingHealth Program
COMMERCIALIZATION AdvancingHealth Program • Bolsters innovation in Ontario’s public healthcare sector by matching healthcare needs with innovative products and services through partnerships between public healthcare organizations, companies and academic institutions. • Advances healthcare innovation directed to improved health outcomes, enhanced patient experience and efficient use of resources through investments in collaborative demonstration projects that show clear potential for scaling-up to the system-level and establish a strong case for adoption. The overall objectives of the program are to: • Enable the public healthcare sector to accelerate the adoption of emerging technologies and process improvements • Engage the public healthcare community to demonstrate innovative products and services that produce better patient care, patient outcomes, patient safety and reduce costs • Identifies and bridges barriers to realize sustainable and long-term adoption of innovations/ technologies in the public healthcare sector MARKET READINESS • Direct funds early-stage commercialization by start-up companies. • Supports the growth of start-ups into scalable businesses. • Supports companies in both the Customer Creation and Company Building stages of the Customer Development Model, as defined by the Lean Start-up principles. Market Readiness – Customer Creation • Minimum $100,000 - Maximum $125,000 • 50% cash, 50% in-kind, OCE invests $125,000, partner must match with a minimum of $62,500 in cash and $62,500 in-kind Market Readiness – Company Building • $250,000, 100% cash • OCE invests $250,000, partner must match with a minimum of $250,000 in cash

19 We have only one agenda: Yours.
Trusted Partner We have only one agenda: Yours. Picture Link: OCE is a not-for-profit organization, thus financial gain is not on our agenda, or a motive Thus, OCE can focus on delivering, and aligning your needs with the best of what Ontario’s institutions have to offer Furthermore, any profits or profitable equity positions will be reinvested into the OCE program Innovation Enabler Capital Enabler Connector Trusted Partner

20 Contacts oce-ontario.org Head Office*
156 Front Street West, Suite 200 Toronto, Ontario M5J 2L6 Phone: (416) Toll Free: 1 (866) Fax: (416) Mississauga Office 2655 North Sheridan Way, Suite 250 Mississauga, Ontario L5K 2P8 Phone: (905) Phone: (416) Fax: (905) Waterloo Office 295 Hagey Boulevard, Suite 12 Waterloo, Ontario N2L 6R5 Phone: (416) Fax: (519)   Markham Office 7271 Warden Avenue Markham, Ontario L3R 5X5 Phone: (905) Fax: (905) Ottawa Office 80 Aberdeen St., Suite 100 Ottawa, Ontario, K1S 5R5 Phone: (613) Toll Free: 1 (866) London Office UWO Research Park - Convergence Centre 999 Collip Circle, Box #9, Suite 101, Room 115 London, Ontario, N6G 0J3 Phone: (519) Fax: (519) Hamilton Office McMaster Innovation Park 175 Longwood Road South, Suite 110A Hamilton, Ontario, L8P 0A1 Phone: (416) Windsor Office AUTO21 Network of Centres of Excellence 401 Sunset Avenue Windsor, Ontario, N9B 3P4 Phone: (519) x 4183

21 THANK YOU richard.worsfold@oce-ontario.org


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