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ONTARIO CENTRES OF EXCELLENCE

ONTARIO CENTRES OF EXCELLENCE. Briefing for the York Boot Camp July 19, 2012. Ontario Centres of Excellence. OCE History.

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ONTARIO CENTRES OF EXCELLENCE

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  1. ONTARIO CENTRES OF EXCELLENCE Briefing for the York Boot Camp July 19, 2012

  2. Ontario Centres of Excellence OCE History • Individual Centres established starting in 1987 by the Ontario government focused on: telecomunications; information technology; materials; manufacuturing; space and terrestrial applications; photonics; and groundwater. • In 2005 the Centres were merged into a single entity, Ontario Centres of Excellence Inc. and the Centre for Energy was added with new segregated provincial funding. • In 2008 OCE added a Centre for Commercialization of Research with federal funds. • In FY 2010 (ending March 31, 2010) OCE: • invested $25.8 million in 503 projects that attracted $40.1 million invested by industry partners. • Worked with 40 academic institutions and connected researchers with 757 companies • Helped create 20 new start up companies that attracted a further $113 million in follow on investment

  3. Ontario Centres of Excellence Mandate Industry Driven To work with industry and academia to develop IP to be exploited by industry to create jobs and economic activity in Ontario.

  4. Commercialization Sources of Finance Government Research Funding Ontario Centres of Excellence Programs IACP CCR Angel Investors Venture Capital IPO / Other Banks Industry Stages of Commercialization of Innovation Fundamental / Pure Research Applied Research Technology & Product Development Commercial Demonstration and Initial Operations Market Entry & Volume Production

  5. OCE Programs Centre for Commercialization of Research (CCR) Industry Academic Collaborative Programs (IACP) • Collaborative Commercialization • Technical Problem Solving • Collaborative Research • Market Readiness • Talent • Connections • First Job • Technical Transfer Partnerships • Technical Transfer Networks • Proof Of Principle • CONII • Knowledge Exchange • Commercialization of Research • 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 Government of Canada to companies

  6. Proposal Evaluation Proposal Assessment OCE’s 9 Evaluation Criteria • Relevance – to Ontario or OCE objectives • Novelty – is the science/techology unique and potentially disruptive • Risk Management – dealing with science, business, environmental risk • The Plan – is the plan “SMART” • Resources and Budget – physical and human resources (track record) • Industry Capacity and Commitment – team expertise & collaboration • Education & Training – development of the next generation of innovators • Commercialization – strategy for IP management & market impact • Economic and other Benefits – to the partner/sector/province 6

  7. OCE’s Innovation Services • Business Development Services • EOI and Proposal Review Services • Project Development Services • Contracting Services • Project Management Services • Outcome Management Services • Commercialization Services • Talent Development Services • Communication Services • Marketing and Event Services 7

  8. ONTARIO CENTRES OF EXCELLENCE Thank you… www.oce-ontario.org

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