Don Duval: Leveraging the Community to Expedite Job and Wealth Creation

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This keynote presentation was given at the Association of University Research Parks (AURP) International Conference in New Orleans, USA on December 1st, 2011. The presentation focused on the importance and methodology to engage your community business leaders, corporations, service providers, government, academic institutions, and regional assets to support and expedite the growth of early stage entrepreneurial ventures being served by an innovation centre.

Transcript of Don Duval: Leveraging the Community to Expedite Job and Wealth Creation

Building Canada’s next generation of growth companies

MaRS – A Unique Innovation Centre Leveraging the Community to Expedite Job and Wealth Creation AURP International Conference, New Orleans December 1st, 2011

There are three objectives that I hope to achieve in today’s presentation:

1.  Provide an overview of MaRS, our mandate, and the programs and services we offer

2.  Discuss the role of place and how our community engagement strategy has enabled us to expedite our mandate

3.  Provide an opportunity to address any questions

you may have

2

MaRS is a non-profit innovation centre connecting science, technology and social entrepreneurs with business skills, networks and capital

MaRS helps to create successful global businesses from Canada’s science and technology

Mission

Who we Serve

Early stage science and technology ventures and innovative social purpose businesses

Measure of Success Job and wealth creation for the economy

3

Competing is one thing… Winning

is another!

At an average of only 3.3 people per sq km, Canada has one of the lowest population densities in the world.

How do we Compete?

Vancouver

Toronto

Montréal

Ottawa

London

Calgary

Saskatoon Québec City

Halifax

Edmonton

Hamilton

Waterloo

Winnipeg

Our hub cities are Isolated

6

33   300   1.1   1.3  Million  People   Million   Billion   Billion  

VS.  

but few people… Big Country

7

The importance of

Place History and

9

Discovery Details in Notes Part of Slide

pg  12  

“…incubator, conference centre, education institute, entrepreneurs !

clubhouse, research centre, entrepreneurial services and programs - all under one roof…” !

Individual Entrepreneurs

Inventors

Angels

VCs

Banks

Philanthropists

Proof of Principle Grants

Pre-Seed Funds

Small/Medium Sized Business

Large Corporations

Incubator Companies

Research Hospitals

Universities

Individual Scientists

Sector-based Organizations

Regional Innovation Organizations

Government

Service Providers

Industry Associations

Angels

VCs

Banks

Philanthropists

Proof of Principle Grants

Pre-Seed Funds

Small/Medium Sized Business

Large Corporations

Incubator Companies

Research Hospitals

Universities

Individual Scientists

Sector-based Organizations

Regional Innovation Organizations

Government

Service Providers

Industry Associations

Individual Entrepreneurs

Inventors Generating Purposeful Collisions “ “

13

Phase I"Phase II"

Building Next Generation Startups

Improving Commercialization

Output from Academe

15

Education and Insight

Access to Capital

Business Advice

and Mentorship

Networks, Talent, Customers and Partners"

Programs for High Growth Ventures, Policy Initiatives, and Special Projects "

16

MaRS Advisory Services

Full - Time Part - Time Volunteers Internship Corporate

A single, integrated pool of advisors offering free consultative services to an

array of emerging ventures

Our unique and evolving advisory model

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1. Give something back – educating, advising, mentoring, and parenting young companies is inspirational

2. Connect and network with other like-minded people…helps drives the culture of entrepreneurship

3. Be inspired by innovation and attempt to answer “what’s next?”

18

Community volunteers Service providers

Capital connections Corporate and business Academic and government

19

Peer to Peer interactions are designed to share insight and inspire

20

Culture of

Entrepreneurship

Impact!

Business Services!

Ecosystem Development!

IP Development |"

MaRS Advisory |"

Market Intelligence |"

Entrepreneurship Education"

Capital & Investment"

Strategic Partnerships | Stakeholder Support"

Community Programs |" Awards & Recognition"

Talent & Knowledge Management "

Real Estate Services !

MaRS Centre Development "

IT/AV Services"

Office & Laboratory Facilities | MaRS Incubator "

MaRS Collaboration Centre l "

Public Policy "

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Don Duval Vice President MaRS Discovery District dduval@marsdd.com Twitter: don_duval