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Goal of the ARCN

Goal of the ARCN. Support the growth, productivity & diversification of existing Atlantic firms Help establish & grow knowledge-based industries in Atlantic Canada. Function of the ARCN. ID, secure & transfer IP to Atlantic firms If no receptor- transfer to entrepreneur

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Goal of the ARCN

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  1. Goal of the ARCN • Support the growth, productivity & diversification of existing Atlantic firms • Help establish & grow knowledge-based industries in Atlantic Canada

  2. Function of the ARCN • ID, secure & transfer IP to Atlantic firms • If no receptor- transfer to entrepreneur • Access to university resources to address Atlantic industry problems & opportunities • Develop collaborative research & partnerships with Atlantic Companies • Attract new research to Atlantic Universities

  3. All TTO’s and ILO’s • Deliver Educational Programs – Tech Transfer and Commercialization • Run Networking Sessions • Facilitate Industrial Sponsored Research • Walk the Halls – Monitor Research • Pre-Screen and Assess Technologies • Develop POP projects • Publicize technology commercialization activities and successes • Creation of spin-offs

  4. TTO Specialist • Monitor their specialty in all Atlantic Universities • Screen and Assess – Patentability, Technical & Commercial feasibility • Protect and Manage Intellectual Property • Assist in creation of spin-offs

  5. Total Human Resources • Technology Commercialization – Existing 9.2 - AIF Supported 9.5 • ILO’s – Nova Scotia Supported 5.5 24.2 Universities to provide support staff (as well as office space and services) through in-kind contributions.

  6. Shared Network Service Days ProvidersDays Dalhousie 120 GENESIS (MUN) 90 UNB 70 280 Recipients UPEI, U de M (50 days each) 100 UCCB 40 Acadia, NSAC, St. FX (30 days each) 90 SMU, Mt. A (20 days each) 40 MSVU 10 280

  7. Shared Service Day Guidelines • Services Free of Charge • Credit System if over or under budget • If over budget – can buy services at cost • Record Keeping by Network Manager • Service provider shall offer its highest level of service • IP belongs to discovering university

  8. Governance of ARCN • AAU Council Appoints Board • ARCN Advisory Board – Chair, 2 university and 4 private sector directors • Board develops strategy and reviews performance

  9. Project Cost & Financing Cash Contributions: AIF Contribution 3,600,000 NSERC 1,242,000 ACOA New Brunswick BDP 225,000 University Royalties and Recoveries 300,000 University Contribution 1,893,000 Total Cash Contributions 7,260,000

  10. Annual Expenses Expenses Wages & Salaries 1,500,000 Travel 300,000 Patent & Legal 250,000 Proof of Concept 200,000 Administrative Costs $2,450,000

  11. Funding Partners to ARCN • AIF/ACOA 50% • Tri-Council (NSERC, CIHR, SSHRC) 20% • Universities 30% • Interns in Innovation (NT Atlantic) – supported by Tri-Council

  12. February Budget • Funds to Tri-Council for Commercialization • triple IPM, triple POP/I2I ($15 million per year for NSERC) • Industry Canada $10 million per year for 5 years for commercialization of university research • NRC $5 million per year for 5 years for commercialization of public research (Federal Labs and Universities)

  13. Near Term Development • Captive Venture Fund • Support for promising research • Support for Receptor & Spin-off Companies using ARCN technologies

  14. Longer Term • Institutionalized allocation of Granting Council funds for commercialization at universities • Partnership and Venture Funds integrated into University TT Networks • National Network built on Regional Networks

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