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McMaster Innovation Park Executing on a Vision. Presentation to the Kirkendall Neighbourhood January 10 th , 2008 Zach Douglas. The Role of Research Parks. INNOVATION:

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Mcmaster innovation park executing on a vision

McMaster Innovation Park

Executing on a Vision

Presentation to the Kirkendall Neighbourhood

January 10th, 2008

Zach Douglas


The role of research parks

The Role of Research Parks


Mcmaster innovation park executing on a vision

INNOVATION:

The process through which economic and social value is extracted from knowledge (through the creation, diffusion and transformation of ideas) to produce new or significantly improved products, processes and technologies.


What is needed for successful innovation

What is Needed for Successful Innovation

  • Strong interface between university and industry/private sector

  • Infrastructure for applied research and education

  • Interconnecting the stakeholders … it is all about skilled people and their interconnectedness

  • Local entrepreneurial culture

  • A compelling vision driven by industry and embraced by the community

  • Leadership from the major local institutions

  • Commitment of the three levels of Government


Mcmaster innovation park executing on a vision

University

COMMERCIALIZE

Government Labs

Industry

Business

Venture

Capitalists

Services

CO-LOCATE

CONNECT


Mcmaster innovation park

McMaster Innovation Park


Mcmaster innovation park executing on a vision

Vision

McMaster Innovation Park will be an internationally recognized focal point for innovation, creativity, learning and research excellence aligned with the research strengths of McMaster University.


Mcmaster innovation park executing on a vision

Mission Statement

  • The Mission of McMaster Innovation Park is to develop and sustain an environment that:

  • facilitates and accelerates innovation, the transfer of knowledge and the commercialization of research resulting in economic and social development

  • encourages successful collaboration amongst private sector, government, hospital, university and college researchers and educators

  • is aligned with and leverages the research strengths of McMaster University

  • and has global reach resulting in regional prosperity

  • educates and excites the community about the vital role of the University in the innovation process

  • educates and excites the community about new developing technologies and the jobs and prosperity they bring


Mcmaster innovation park executing on a vision

  • What Will MIP Host?

  • Private, Government and University Research Facilities(Multi-use/multi-tenant or stand-alone research buildings)

  • Learning and training facilities

  • High-tech research-driven companies

  • Business incubator / accelerator facilities

  • Conference / short-term accommodation

  • Amenities – restaurants, retail, recreation and open spaces

  • Academic buildings


Character of the park

Character of the Park

  • Prestigious, professional, high value research park

  • Attractive buildings, landscape, public art, screened

    parking

  • One or more “centrepiece” open spaces

  • Pedestrian connectivity, bicycle-friendly, traffic- calmed

  • A place to work, play and potentially live

  • Connected to the community


Planning considerations

Planning Considerations

  • Create flexible buildings and spaces

  • Employ environmental best management practices in

    buildings, green roofs, landscaping and storm water

    management

  • Ensure security of intellectual property, specialized

    equipment is shared

  • Longwood Road and Frid Street Road extensions urban and community streets that connects the area to the city

  • Provide access to community


Mcmaster innovation park executing on a vision

McMaster Innovation Park – N.E. Quadrant


From this

From This


Mcmaster innovation park executing on a vision

To This


Mcmaster innovation park executing on a vision

And This


Mcmaster innovation park executing on a vision

Status of McMaster Innovation Park

  • Property purchased Jan 05 with possession taken April 05

  • Environmental risk assessment and analysis related to site and remediation planning is essentially complete

  • Demolition started June 05 and was completed Spring 06

  • Warehouse building is being leased for the short term

  • April 06 Federal Government re-announced relocation of MTL

  • Province and City have provided financial support

  • Master planning and site development is on-going

  • Detailed planning is underway for four projects

  • Construction is underway on the Red Brick Building


Mcmaster innovation park executing on a vision

  • Capital Budget Highlights

  • 4 Projects Under Development

  • 1. Red Brick Building Redevelopment

    • $15M over 2 years

    • Phased

    • 50,000 sq. ft. out of 115,000 net rentable occupied by end of ‘08

    • Construction underway


Mcmaster innovation park executing on a vision

2. CANMET (MTL) – (Federal Materials Technology Laboratory)

  • detailed design underway

  • LEED Platinum goal

  • Construction to start Fall 2008

  • Building expected to cost $35.0 - $40.0M

  • 140,000 sq. ft. of primarily specialized materials testing labs


Mcmaster innovation park executing on a vision

  • 3. Engineering Technology Centre

  • G.M. Centre for Automotive Materials and Corrosion

  • Mohawk/Mac partnership for Bachelor of Technology Program

  • $3.0M preliminary capital commitment by Province

  • Construction to start late in 2008 or early 2009


Mcmaster innovation park executing on a vision

  • 4. Hotel Project

  • Sale of land to developer/hotelier

  • Long term stay suites hotel such as a Residence by Marriott

  • Shared conference facilities and meeting rooms with 175 Longwood Road South

  • Market analysis pending - approximately 138 rooms


Mcmaster innovation park executing on a vision

Conclusion

All the ingredients are in place

  • A vision and a plan.

  • Commitment from stakeholders

  • Capital

  • General and Business Community support

  • A team to make it work

    Executing on the vision is underway.

    Stay tuned!


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