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“The Power Of Convergence”. Murray Wigmore Executive Director. YORK biotech Mission. Mission.

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the power of convergence

“The Power Of Convergence”

Murray Wigmore

Executive Director

york biotech mission
YORK biotech Mission

Mission

The mission of York biotech is to act as a catalyst toharness thewealth of intellectual and technical resources to promote economic success and growth of the biotechnology industry as a key strategy foreconomic developmentin our region

york biotech
York Biotech
  • 37 affiliates that span four key sectors: companies (SMEs and MNEs); Academia and hospitals; Governments (local, provincial, federal); And associations
  • “YRBC will focus on creating a strategy that will drive initiatives which will provide value to all affiliates”
vision i
Barrie

YTA

York Region

Markham

MEDEC

AOMM

HTX

ISCM

Venn Growth

Networking

Infrastructure

Financial support

RBC

Business support

YRDSB

Sunnybrook

MDS

Education and Research

Global markets

Seneca

York U

IBM

Government funding

Sinofi-Pasteur

NRC

Other

SME

MNE

Vision I

York Biotech

MEDT

the importance of clusters
The Importance of Clusters
  • A cluster is a group of interrelated companies, organizations, associations, academic institutions, suppliers, service provides, etc. of a particular field located in the same geographical area
  • Clusters promote regional economic and knowledge growth
  • Benefits of clusters:
    • Accelerate the pace of innovation
    • Attract investment
    • Stimulate job creation
    • Generate wealth
everyone is claiming convergent technology
Everyone Is Claiming “Convergent Technology”
  • Bio-informatics, proteomics in bio/pharma drug discovery
  • Photonics and mass spec in Proteomics
  • Pharmaceutical coated stents
  • Robotic surgery and communications
  • Telemedicine, EPR and PACS
  • Supercomputing and 3D realtime visualization
  • Nanotechnology in biosensors and drug/gene therapy delivery
convergent medical technology
Convergent Medical Technology
  • Synergistic “intermingling” of 2 or more distinct technologies creating a new, hybrid device, process or product applied in health prevention, screening, diagnosis, therapy, monitoring or functional enhancement.
  • At its simplest, the synergy results in improvement in the existing mode of action of an incumbent technology or one essentially unaltered product used in conjunction with another.
  • At its most sophisticated, the synergy produces a new MOA distinct from each component technology with, in some cases, a “disruptive” level of performance, representing an entirely new class of applications.
this implies several classes of cmt
This implies several classes of CMT
  • CT Devices/Systems: a CMT which directly applies the combined technologies (e.g. Light-activated pharmaceuticals; in-vivo nanotech sensors or robotic surgery)
  • CT Manufacturing: a new material / device /biologic/pharmaceutical created by a convergent manufacturing process
  • CT Targeting: Use of one technology to target the use of another…but by themselves neither the targeting nor drug would be effective (e.g. patient-specific chemotherapy sensitivity or drug resistance assessment)
companies researchers smell a funding frenzy
Companies/researchers Smell a “Funding Frenzy”
  • Potential for “convergence” to attract a portion of the ballooning biotech, Nanotech or new funding.
  • Perceived as the next “big thing.”
    • Biotech Internet (dot coms).
    • Convergent technology.
technology life cycles
Technology Life Cycles

Convergent

Technology

Biotech, Protemics

Active Devices

Bioinformatics

Advanced Materials

Big Pharma,

Passive Devices

Faster Innovation

Faster Diffusion

1900

1970

2000

convergence combination examples
Convergence Combination Examples
  • Telerobotic surgery.
    • Robotic surgery + Telecomms.
  • Surgical simulation.
    • Natural extensions of existing imaging procedures.
  • Coated stents.
    • Stents and Paclitaxel both work independently and are just used together.
tomorrow s ct leaders are
Tomorrow’s CT Leaders Are...
  • Creating interdisciplinary teams
  • Identifying alliance suitable partners
  • Able to articulate the importance of convergence to their technology strategy
  • Clear on the proportion of risk capital to devote to convergent technology
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