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Ontario Commercialization Network A New Approach to  Tech-Based Economic Development  November 24, 2006 Ministry of Research and Innovation
Overview ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Addressing the Pre-Commercialization Finance, Skills and Technology Gaps Ministry of Research and Innovation Ontario Research  Fund (Research  Institutions) $31.4 Ontario Research Comm. Program (Tech  Transfer) Global  Markets Later Stage Financing ($100 M +) Early  Stage Financing ($5 -15M) Angel/Seed Stage VC Sales Early Production Engineering Manufacturing R&D Project Lab Prototype Intellectual Property Fundamental Research Market Needs Analysis Skills Gap Product Strategy/Early Management $29M  Investment Accelerator Fund (pre-seed) $17M Business Mentorship and Entrepreneurship Program $90M Venture Capital (seed stage $1-5 M) Financing Gap Technology Gap Addressed via ORIC* Efforts *Ontario Research & Innovation Council RIN / OCN Program
Ministry of Research and Innovation Sarnia Building a Commercialization Ecosystem Golden Horseshoe Guelph/Waterloo Windsor London Peterborough Eastern Lake Ontario Ottawa Chatham Western GTA Toronto York Ontario Commercialization Network Northern Ontario
The Ontario Commercialization Network ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
OCN Model to support Tech-based Economic Development Ministry of Research and Innovation Municipal & Regional Economic Development Regional Innovation Networks Sector Innovation Networks Provincial Innovation Network Provincial & Federal Linkages International Linkages Knowledge and Tech Transfer Networks
Provincial Innovation Network: The “Hub” ,[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Provincial Innovation Network: The “Hub” ,[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Sector Innovation Networks (SINs): ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Knowledge and Technology Transfer Networks ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Regional Innovation Networks (RINs) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Ministry of Research and Innovation Ontario Commercialization Network  Implementation Framework OCN HUB ,[object Object],[object Object],Entrepreneurs SMEs Researchers Start-ups MNEs Customers / Clients (Entrepreneurs) Proactive Outreach Linkages to Resources Gateway Web  Portal & Client Management System Value Proposition To  Customers Accelerating Deal Flow Across the Network Business Mentorship and Entrepreneurship Program Investment Accelerator Fund Global Business / Global Science / Global Capital ,[object Object],[object Object],Research Institutions & Tech Transfer Office
Regional Innovation Network Model Ministry of Research and Innovation RINs (diagnostic service) ,[object Object],[object Object],[object Object],[object Object],[object Object],Economic Development Organizations Linkages to Commercialization  Resources Strategic Alliances (Companies & Researchers) Angel Network Technology Adoption Provincial Commercialization  Program & Services (expert advice) Market / Competitive Intelligence Investment Technical / Technology Export Development International Linkages “ Creating New Economic Opportunities through Collaborations” Commercialization Networking & Linkages to Regional Resources Core Economic Development Activities Investment Attraction Expansion & Retention Business Mentor
Regional Innovation Networks  Ministry of Research and Innovation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Lessons Learned ,[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Lessons Learned (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation
Lessons Learned (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],Ministry of Research and Innovation

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Ontario Commercialization Networks

  • 1. Ontario Commercialization Network A New Approach to Tech-Based Economic Development November 24, 2006 Ministry of Research and Innovation
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  • 3. Addressing the Pre-Commercialization Finance, Skills and Technology Gaps Ministry of Research and Innovation Ontario Research Fund (Research Institutions) $31.4 Ontario Research Comm. Program (Tech Transfer) Global Markets Later Stage Financing ($100 M +) Early Stage Financing ($5 -15M) Angel/Seed Stage VC Sales Early Production Engineering Manufacturing R&D Project Lab Prototype Intellectual Property Fundamental Research Market Needs Analysis Skills Gap Product Strategy/Early Management $29M Investment Accelerator Fund (pre-seed) $17M Business Mentorship and Entrepreneurship Program $90M Venture Capital (seed stage $1-5 M) Financing Gap Technology Gap Addressed via ORIC* Efforts *Ontario Research & Innovation Council RIN / OCN Program
  • 4. Ministry of Research and Innovation Sarnia Building a Commercialization Ecosystem Golden Horseshoe Guelph/Waterloo Windsor London Peterborough Eastern Lake Ontario Ottawa Chatham Western GTA Toronto York Ontario Commercialization Network Northern Ontario
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  • 6. OCN Model to support Tech-based Economic Development Ministry of Research and Innovation Municipal & Regional Economic Development Regional Innovation Networks Sector Innovation Networks Provincial Innovation Network Provincial & Federal Linkages International Linkages Knowledge and Tech Transfer Networks
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