ONTARIO CENTRES OF EXCELLENCE OVERVIEW. Greater Peterborough Innovation Cluster Quarterly Membership Breakfast September 21, 2012

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1 ONTARIO CENTRES OF EXCELLENCE OVERVIEW Greater Peterborough Innovation Cluster Quarterly Membership Breakfast September 21, 2012

2 ONTARIO CENTRES OF EXCELLENCE Established in 1987 by the Province of Ontario Four priority sectors: Advanced Manufacturing Advanced Health Technologies Energy and Environment Information &Communications Technology & Digital Media Dedicated business development team Part of the Ontario Network of Excellence Responsible for industry-academic collaboration programs Centre for Commercialization of Research in 2008 Funded by Federal Government NCE Program

3 WHAT WE DO Invest in Ontario s tomorrow OCE 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 in order to help technology-based companies create jobs and prosperity by commercializing Ontario-based research discoveries. Provides real-world experiences for Ontario s next-generation of innovators and entrepreneurs. Supports the development of a world-class technology transfer system. Commercializes publicly-funded academic research and expands Ontario s network of Canadian and international partners. PAGE 3

4 HIGHLIGHTS $21.1M invested in 477 projects $40.7M from industry 47 academic institutions 599 Researchers engaged 111 patent applications 19 patents granted 16 new technologies licensed Since 2004, helped launch 140 companies Attracting $849M in follow-on investment page 4

5 OCE MODEL Company Academic Research Team New Products Improved Process Improved Quality Proven Results Revenues New Markets Jobs OCE Catalyst Networks Capital We measure our success by the business success of the industry partners PAGE 5

6 COMMERCIALIZATION Sources of Finance Government Research Funding Ontario Centres of Excellence Programs IACP CCR Angel Investors IDEA Venture Capital IPO / Other INCOME Revenue Jobs Start-ups Banks Industry Fundamental / Pure Research Applied Research Stages of Commercialization of Innovation Technology & Product Development Commercial Demonstration and Initial Operations Market Entry & Volume Production PAGE 6

7 OCE PROGRAMS Industry Academic Collaborative Programs (IACP) Centre for Commercialization of Research (CCR) Collaborative Commercialization Technical Problem Solving Collaborative Research Market Readiness Connections First Job Talent Value Added Personnel Experiential Learning (ELP)(NEW) Technology Transfer Partnerships Technology Transfer Networks Proof Of Principle CONII Knowledge Exchange Social Innovation (SI) (NEW) Student Competition Projects Health Improvement Sustainability & the Environment Poverty Alleviation Commercialization of Research (CCR) Advisory Services Embedded Executive New Entrepreneur Micro Finance Facilitated Access to Capital OCE programs funded by the Province of Ontario to Colleges, Universities and Research Hospitals OCE programs funded by the Province of Ontario to NPOs and SEs OCE programs funded by the Government of Canada to companies * Special Energy Fund (SEF) PAGE 7

8 ACTIVE ENGAGEMENT MODEL Promote Identify Connect Develop Evaluate Support Celebrate 25 business development personnel All universities, most colleges and most research hospitals Close relationships with TTOs, Research Services Offices Lead member of Ontario Network of Excellence (ONE) Active use and support of other programs to deliver our mandate

9 RESOURCES Industry Collaboration Technical Problem Solving Collaborative Research Connections First Job CONII NSERC, FedDev ARC, istem, MITACS Startups Market Readiness IPOP CCR Advisory, Embedded Exec Experiential Learning MaRS BAP, IAF, RICs FedDev, Angels, Venture Funds Licensing Market Readiness IPOP page 9

10 OCE SUCCESS STORIES My Voice Thousands of Ontarians need to use technology to communicate due to disorders caused by stroke, autism and neurodegenerative diseases. Toronto-based MyVoice Inc. has developed a modern, portable, easy-to-use smart phone application designed to provide users with the words they need quickly and easily. Developed by University of Toronto student Alex Levy and his team of 14 students, MyVoice is location-aware, has downloadable phrase books, features lifelike voices and a simple interface, and can be customized wirelessly from any web browser. MyVoice recently received $55,000 in funding from OCE s Market Readiness Program. Return on Innovation Created 14 jobs to date new jobs in next three to five years PAGE 10

11 OCE SUCCESS STORIES Algonquin College and HousAll Designs and Manufactures a technologically advanced, patent Protected Shelter System for Relief, Recreation, Commercial, Exploration and Military Shelter OCE Invested $29,500 Products demanded globally, including Haiti 10 Jobs created in Ottawa, forecast another 10 PAGE 11

12 OCE SUCCESS STORIES TransForm Automotive Increased sales $30M over last 4 years Added 44 new jobs Collaborative research with University of Western Ontario Improve understanding of flow forming Reduced cycle time and improved quality TransForm Automotive is an advanced metal-forming supplier, specializing in transmission components. PAGE 12

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14 September 24, 2012 THANK YOU Balinder Rai Business Development Manager, Ontario Centres of Excellence