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OCE Vouchers & New Program Portfolio April 29, 2013

OCE Vouchers & New Program Portfolio April 29, 2013. NEW Program Portfolio OVERVIEW. Vouchers Market Readiness Collaborative Research Entrepreneurship Technology Transfer Federal programs SmartStart (FedDev). VOUCHERS. A truly “whole-of-government” approach

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OCE Vouchers & New Program Portfolio April 29, 2013

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  1. OCE Vouchers & New Program PortfolioApril 29, 2013

  2. NEW Program Portfolio OVERVIEW • Vouchers • Market Readiness • Collaborative Research • Entrepreneurship • Technology Transfer • Federal programs • SmartStart (FedDev)

  3. VOUCHERS • A truly “whole-of-government” approach • One-stop-shop for provincial and federal support • Applicants “check” the appropriate box for additional federal support • Voucher portfolio • $20K Productivity & Innovation • $50K Commercialization • E-Business • Industry Association R&D Challenge • OCE BDs are point of entry for industry; increase coverage to 1:1 with academic institutions

  4. 128 - $20K Innovation and productivity Voucher • Replaces existing Technical Problem Solving (TPS) program • Open to entrepreneurs and SMEs ; colleges and universities are primary knowledge providers • $20K to address technical challenges that will have a commercial impact; improve productivity; develop business strategy or export development plan • Minimum matching cash contribution of $5,000 from the SME • Partner leverage: • Connect Canada graduate student internship add-on of $5,000 • NSERC Engage add-on of $20K for first time collaborations between PI and SME • IRAP add-on of up to $20K for access non-academic expertise/service providers • 100% of projects will have at least one internship • 50% of projects will be first time collaborations • 25% of projects will need access to non-academic expertise (e.g. IRAP support)

  5. 60 - $50K commercialization Voucher • Open to university spin-offs and start-ups; tech transfer offices • Prototyping and related commercialization activities; establish proof of commercial concept; product design; scope market size and profitability; plan business case and path to commercialization • 25% match • Two streams: • Up to $50K from OCE to incorporated spin-offs or spin-ins • Up to $35K from OCE for commercialization activities and $15K from NSERC for market assessment to principle investigator (not incorporated) • 25% of projects will be eligible for NSERC support

  6. E-Business voucher Initiative with Colleges • Target “main street” SMEs with a focus on e-business, digital and social media adoption to drive market expansion including exports (e.g. assistance to set up a web-site/on-line platform for international sales) • Colleges would be primary knowledge provider • Delivery through CONII to develop standard packages to lower administration costs and drive high volume • Total Budget $250K

  7. $1.5M (3 @ $500K) Industry association r&D voucher challenge • Indirectly support start-ups, SMEs and larger firms through their industry associations • Industry association identifies problem or challenge • Call goes out and academic institutions in partnership with SME end-users respond with proposals for projects that address the problem and provide a benefit to all (most) SMEs in that sector • Typical funding $500K per voucher; requires matching industry funds • Partner leverage: • It is anticipated NSERC and IRAP will participate in each industry association voucher round

  8. Total partner leverage for vouchers • Single application to OCE and one review process will be used for Vouchers to access funding from all partners: • OCE • Connect Canada internship program (Auto21) • NSERC Engage, ARD, and I2I • IRAP funding to SMEs to access non-academic expertise

  9. Market readiness - $3M • Helps move promising technologies developed in Ontario colleges, universities, and research hospitals out of the lab and into the marketplace • Supports the launch and growth of sustainable spin-offs • Follow-on support for $50K commercialization vouchers • Two phases • Development, testing and validation (up to $150K) • Product launch and customer engagement (up to $250K financial instrument; requires private sector co-investment of a minimum of 1:1)

  10. Collaborative research - $6M + • Supports industry-academic R&D projects that address problems and challenges identified by industry; high commercialization potential and market pull • Includes sector thrusts (e.g. mining, energy) • Industry matching • Federal leverage through NSERC CRD program for sector strategy initiatives

  11. Entrepreneurship - $6M • Experiential Learning Program (ELP) • Funding to academic institutions for entrepreneurship programming that supports the entrepreneurial aspirations of Ontario’s students and helps them get the real-world experience they need to launch new ventures • Entrepreneurship Fellowships • Help students and recent graduates commercialize their inventions and launch start-up companies • Strategic sectors: • Neuroscience (co-funded in partnership with OBI) • Social Innovation (co-funded in partnership with SSHRC) • Other sectors under development

  12. Technology Transfer • Technology Transfer Networks wind-down • No infrastructure (people and operating costs) funding post June 30, 2013 • Central POP funding available via Voucher and Market Readiness Programs • FY12-13 central and institutional budget was $2.8M • FY13-14 central budget $4.5M ($50K commercialization vouchers - $3M and Life Sciences $1.5M)

  13. Federal Programs • FedDev SmartStart • Approved student- or recent graduate-led start-ups receive up to $30K in seed funding to be matched by at least one other private investor • Up to $5K for business skills training • Private sector leverage through partnership with Extreme Startups • FY13-14 $500K

  14. Draft program summary (annual)(Confidential – under discussion)

  15. program Changes

  16. Projected Overhead to Institutions (FY13-14) • Additional overhead to universities from non-IACP programs such as • ELP and others.

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