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Creating successful research projects and proposals

Creating successful research projects and proposals. Ontario Centres of Excellence. Materials and Manufacturing Ontario. OCE. Photonics Research Ontario. CRESTech. Communications and Information Technology Ontario. CITO’s Stakeholders. Project Leaders and Students.

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Creating successful research projects and proposals

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  1. Creating successful research projects and proposals

  2. Ontario Centres of Excellence Materials and Manufacturing Ontario OCE Photonics Research Ontario CRESTech Communications and Information Technology Ontario

  3. CITO’s Stakeholders Project Leaders and Students Universities and Colleges Ontario Business

  4. CITO’s Objectives • Stimulate growth and innovation by investing in leading-edge research in Ontario’s post-secondary institutions • Have a positive impact on Ontario’s economy through the commercialization of research results • Foster networking between business and academia, resulting in long-term interaction and productive partnerships • To create opportunities for job growth and investment by supporting projects, training and commercialization • To create a pool of highly trained professionals to enrich the ITC skills base of Ontario

  5. CITO’s Strategy • Invest in research and innovation • Create partnerships between academic researchers and industry • Facilitate technology and knowledge transfer • Facilitate and manage commercialization initiatives & new business growth

  6. CITO’s Value Proposition: Growth • For researchers • For business and industry • For the economy

  7. Creating successful research programs

  8. The role of research • What is the strategic role of research in your institution? • Why do research? • How do your research plans fit into and contribute to the overall direction of the institution?

  9. Institutional Culture • A commitment and shared understanding by all concerned parties as to the role and direction of research • Tech transfer capabilities that have the capacity to be effective internally and working with business

  10. Play to your strengths • What are you or your institution known for? • Are there key business sectors in your market that can guide this focus? • How do you differentiate yourself from other institutions? • How does the focus fit with the overall direction of the institution?

  11. Developing industry relationships • What are your areas of research interests and their industrial relevance? • What is your value proposition? • Identify appropriate companies; contact and build relationships with key people – understand their direction - know your partner

  12. Securing Industry Partnerships What extraneous programs are available that can help you to solidify the business relationship? Be aware of them

  13. Business centric Tax credits and other programs • SR&ED tax credit program • Ontario R&D tax credit program • IRAP • Others

  14. Planning for your proposal

  15. What are the goals of the research investment agency? • Understand their vision and goals - position your proposal accordingly • Carefully read the instructions and program criteria • Understand the review criteria - address all aspects and requirements

  16. Considerations for a good proposal • Why is your work innovative? • What work is being done is this area by others – is it a crowded space? • What is its relevance? What market exists and how will it be adopted / commercialized • If appropriate, what is the commitment and capability of your industrial partner to commercialize your work

  17. A good proposal includes: • A clear, concise and compelling abstract (Why it is good and innovative research) • Focused, clear objectives and methodologies • Clearly articulated technical and industrial merits congruent with objectives • Demonstrable commitment from the industrial partner

  18. Writing a good proposal • Be mindful of your audiences • Set the stage for your work and be compelling • Stay focused and be clear in all aspects • Have clear goals and milestones • If your proposal raises questions, does it provide plausible answers? • Have it reviewed by a peer and a layperson • Make sure it is well written, has all required signatures and meets deadlines

  19. Results • Being accountable • Demonstrating results • Building long-term relationships

  20. CITO Research Tools • The various research investment agencies and their programs are your tools

  21. CITO Investment Programs A Suite of Complementary Programs – your tools: • Student Internships • Research Partnerships • Champions of Innovation • Tech Readiness Fund • Accelerator Pre-seed Fund • Entrepreneur Training

  22. Student Internship Program • Supports grad students for one year • CITO Funds $20k with a matching in-kind and cash contribution from industry ($10k minimum) • A good tool to attract or retain students • A good tool to begin a relationship with a business • Good for the student and the company

  23. Research Partnership Program • Supports projects usually for 2 years with investment of up to $200k per year • Projects should have industrial relevance and are undertaken in collaboration with industry • Collaborator is the receptor of the technology • In best case scenarios will realize a ROI for all parties

  24. Champions of Innovation • Invests in innovative projects that have the potential to result in the next disruptive technology • Researchers have a proven track record in innovation and commercialization • No Industry partner is required • Expected to feed in to commercialization programs

  25. Tech Readiness Program • Invests in the commercial development of research results • Short term projects, usually no more than 6 months with budgets of $20 – 30k • No IP agreements or any other encumbrances • Very flexible in terms of how funds can be used

  26. Accelerator Program • Invests in start-up or early stage companies thatinvolve a CITO researcher and their work • Pre-seed funding of up to $250k invested as a convertible debenture • Designed to help get new companies off the ground and secure further financing • Converts at the same rate as series A or can be repaid at prime + 1

  27. Entrepreneur Training • Benefits researchers interested in developing their business and entrepreneurial skills. • Available to CITO-supported researchers and students - past and present • Can be used to support participation in appropriate courses and seminars

  28. Tech Transfer and commercialization • Assist with the licensing and transfer of technology • Lever our business and finance network • Assist institutions in establishing TT capabilities • Assist with the start-up of new companies

  29. Questions

  30. Investment Structure Research Project Results: • IP owned by its inventor, subject to the policies of the college • Colleges can use IP for research and educational purposes • The inventor(s) may publish and disclose the IP and research results with written consent of the college, CITO and third party sponsors • CITO acts as “commercialization manager” and has right to an exclusive license • business partner receives a non-commercial license to use any IP for internal R&D at the start of the project • partners develop commercialization plan together at the end of the project • business partner has a time-limited exclusive option to negotiate a commercial license • Commercial license should ideally result in a return of at least three (3) times CITO’s investment, or a commercially reasonable return

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