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FPTT

FPTT. David Cox, CEO June 2 nd , 2008. TEC Edmonton: The Genesis. 2004. 2006. Industry Liaison Office. Deal Generator, Venture Prize. TEC Edmonton: The Genesis. 2008. TEC Edmonton Programs. TEC Edmonton Programs. ‘Organizations 101’. First make sure you are doing the right things ….

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FPTT

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  1. FPTT David Cox, CEO June 2nd, 2008

  2. TEC Edmonton: The Genesis 2004 2006 Industry Liaison Office Deal Generator, Venture Prize

  3. TEC Edmonton: The Genesis 2008

  4. TEC Edmonton Programs

  5. TEC Edmonton Programs

  6. ‘Organizations 101’ First make sure you are doing the right things…. (Effectiveness) And then try to do them right… (Efficiency)

  7. Doing the right things: Understand your reason for existence • The core purpose of the JV is to capture more of the value of R&D occurring in the region, forthe region

  8. Doing the right things: Get our priorities straight • Transfer inventions from local researchers to local companies • Create new companies in the region • License inventions to companies outside the region This is a significant departure from normal practice

  9. Doing the right things We have begun to ‘cast the net wider’ to increase the supply of the key ingredients: • Intellectual Capital • Deal flow • Human Capital • Financial Capital • Facilities • Social Capital (connections)

  10. Doing the right things We have begun to ‘cast the net wider’ to increase the supply of the key ingredients: • Intellectual Capital • Deal flow • Human Capital • Financial Capital • Facilities • Social Capital (connections)

  11. Intellectual Capital Deal Flow research invention disclosure technology evaluation & market research protection commercialization license strategy technology Local company Start up ‘Foreign’ Company

  12. Sponsored Research Funding @ UofA ($Millions)

  13. Cast the Net Wider: Intellectual Capital • Now working with inventors from outside the University of Alberta • 1st time ever • New business relationships to increase deal flow • BioAlberta (Industry association) • TR Labs (Telecomms research consortium) • Capital Health • National Institute for Nanotechnology • Alberta Research Council • The Business Link

  14. Tech Transfer: The Results • ~100 new inventions per year • ~ 45% are patented • ~ 28 new licenses • About half to local co’s or start-ups • ~ $1M/year in license revenue

  15. 71 active spinoffs Over 1,000 highly skilled employees 8 publicly traded firms $1B market cap 86% of spinoffs are based in Alberta 83% headquartered in Edmonton Spin-off Companies

  16. New Start-up Companies

  17. New Start-up Companies * Not UofA spinoffs

  18. New Start-up Companies * Incorporated TEC Edmonton takes an equity Position in all portfolio companies

  19. Human Capital: 1. Beefing up the Company Development team • New CEO is former public company CEO • New Vice-President Finance & Admin is ex-EPCOR • Vice-President Company Development successful woman entrepreneur • 4 Market/financial analysts • In-house legal counsel (QC) • Deal Generator run by experienced serial entrepreneur • ‘TECSource’ run by former banker • 35 staff in total

  20. Human Capital: 2. Executives for our start-ups • Executives-in-Residence are key to our success • Randy Yatscoff • Robert Murakami • Shaheel Hooda • Cameron Shuler • Network of mentors/consultants • Search firm retained to source CEOs for our portfolio companies

  21. Cast the Net Wider: Facilities • Give our start-ups a home • TEC Centre • Nourish them • Company Development services • Extend our reach: new alliances with: • Edmonton Research Park & ATC • National Institute for Nanotechnology • Northern Alberta Business Incubator • NAIT Duncan McNeill Centre for Innovation

  22. Cast the Net Wider: Facilities • We moved off campus in December 2007 • Occupy entire 4th floor of prestigious Enterprise Square • $90M redevelopment of former HBC department store: • U of A ($49M) • Province of Alberta ($15M) • Government of Canada ($15M) • City of Edmonton ($7.5M) • TEC Edmonton and 21 commercial tenants

  23. Enterprise Square

  24. Financial Capital: Prepare them, polish them, present them • Groundbreaking new AHFMR grant • Unique Funding Agency Consortium • Deal Generator • VenturePrize • $200,000 in prizes each year • First Alberta seed fund announced Q1, 2008 • UofA is a Limited Partner

  25. Doing Things Right • Business – savvy and experienced management team • Sound strategic plan and business processes • Solid financial management and controls • 2007/08 revenues ($5.2M) matched by expenditures • Received clean first-ever audit • Contemporary governance • Private sector – led Board • Governance based on TSX model

  26. www.TECedmonton

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