The document summarizes a report on opportunities to promote water innovation in Canada, specifically Ontario. It recommends establishing a bold vision for Ontario to be a global water leader by 2015. It also recommends creating a Water Opportunity Act to promote sustainable water management, test technologies, and attract innovative companies. Finally, it suggests increasing collaboration between government, industry, and non-profits to brand Ontario as a water innovation hub and commercialization center in North America and globally.
Regression analysis: Simple Linear Regression Multiple Linear Regression
Water Innovation Across Canada: Ontario's Vision
1. Water Innovation Across Canada The Canadian Water Summit John Neate, Senior Associate, OCETA June 17, 2010
2. 2 Process and Methodology Partnership with three Ontario government ministries Environment, Research and Innovation, Economic Development and Trade More than 100 individuals consulted Surveys, focus groups and personal interviews Range of water ecosystem stakeholders: Researchers, water technology and product developers, facility owners and operators, investors and financial institutions, consulting firms, non-government organizations Review of market strategies of leading water jurisdictions
3. 3 Global Water Opportunity Water industry expected to reach nearly $1 trillion by 2020: XPV's current areas of focus fall in the developing segments Developing segments: 16.2% CAGR Mature segments: 3.8% CAGR Source: LUX Research, XPV Capital
4. 4 Review of Leading Water Jurisdictions Focus on Germany, Israel and Singapore Identified common set of best practices: Establish a bold vision Solve domestic needs with export potential Set measurable goals and targets Build on existing strengths Make strategic investments Create an international brand
12. 7 Recommendation 2 Create an Ontario Water Opportunity Act Main Objectives: Promote sustainable water resources management Positive and practical water behaviour change Introduce transparent costing and accounting of water use Quantify the value of water Test and demonstrate water technologies and solutions Address risk, market barriers and opportunity cost Attract early stage, innovative water technology companies to Ontario Enhance Ontario’s water innovation cluster
13. 8 Recommendation 3 Increase Alignment and Collaboration Ontario government Align programs, policies and objectives Innovation, job creation and economic development Industry and research organizations Increase market-driven water research Non-governmental organizations Coordinate policy research and project initiatives
14. 9 Recommendation 4 Brand Ontario as a Global Water Leader Develop and market Ontario as a leader in sustainable water Within Ontario Change water attitudes and behaviour Create public support and political will Outside Ontario Recognized as “commercialization hub” for water technologies Proactively promote Ontario water technology solutions in US and select global markets
15. 10 Outcomes and Benefits Creation of world-class Ontario water technology and service companies Increased job creation and economic development Attraction of significant private sector investment Effective mobilization of Ontario’s assets as a testing and demonstration platform Significant reductions in water use and energy consumption Wealth creation AND environmental sustainability