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Partners in Innovation and Commercialization. December 12, 2006. What we do:. Create opportunities for economic growth by investing in the creation of new technologies and knowledge that fuel the growth of innovative companies and invest in new technology based companies Our strategy:
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Partners in Innovation and Commercialization December 12, 2006
What we do: • Create opportunities for economic growth by investing in the creation of new technologies and knowledge that fuel the growth of innovative companies and invest in new technology based companies • Our strategy: We achieve our goals by building partnerships with business, and researchers, like minded organizations, entrepreneurs and the investment community to take advantage of market driven opportunities
The Ontario Centres of Excellence Inc. • Communications and Information technologies • Energy • Environmental Technologies • Materials and Manufacturing • Photonics
OCE Investment Products • Disruptive research • Collaborative research and development • Business internships and training • Pre-commercialization activities • Commercialization (pre-seed funding)
Early stage development • Seed • funding Investing in Innovation • Partnerships: • Business and research communities, Tech transfer offices, other funding agencies and fourth pillar groups • Support: • Technology development Business Planning Networking support • Alliances: • Entrepreneurs Venture Capital Angel Investors The OCE Investment Continuum Research Student education Commercialization Pre- commercialization
Innovation MeasuresIn 2005, OCE programs : • Engaged 850 companies in collaborations • Generated $41 million investment in collaborative R&D • Supported the innovative work of over 2,600 researchers • Enabled the transfer of 900 highly-qualified personnel to knowledge-based businesses in Ontario
Commercialization MeasuresIn the past 4 years: • Approximately 80 active technology licenses • 22 new companies started • $3.9 million seed investment, leveraged to $168m through VC and angel investment • More than 300 “knowledge based” jobs created