BCIC Town hall may5th

Town Hall

May 5th, 2011

Thursday, May 5, 2011

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+Innovation Resource Center

Interior Science Innovation Council Kootenay Association for Science and Technology

Kootenay Rockies Innovation Council Mid-Island Science, Technology and Innovation Council

Northwest Science & Innovation Society Accelerate Okanagan

Sci-Tech North Victoria Advanced Technology Council


Industry+

BCIC, WD, IRAP, BDC, NSERC, Govt of BC.

FundingSources

(BCIC Peers)

(Soon to be) Entrepreneurs &

Execs

The reasonfor living

(Customers)

Programs(BCIC Partners)

Universities, Industry

Associations, Incubators & Accelerators,

Training Programs

Alignment

9


Guiding Principles

1. No holes allowed in the entrepreneurial ecosystem

2. We don’t compete with partners

3. Re-invest in success

4. Focus on winning globally

5. Tell the BC technology story loudly and proudly

6. Build to scale, remove bottlenecks, work together

7. Be customer-obsessed

8. Respect the wishes of our shareholders:(The citizens of BC represented by the Government of BC)

9. Involve all regions in all that we do.

10. Build trust through full transparency.

10


Increase awareness of BC Knowledge Economy

Entrepreneurial Talent Development & Retention

Recognize our Customer

Goals...

Goal 2Goal 1 Goal 3Commercialization of

Technology

Measure our Performance

Tell our Story

11


Recognize our Customer

• Life Sciences

• 37 years old

• 80% from industry

William L. Hunter, founder of AngiotechStewart Butterfield, Founder of Flickr

• Internet/Mobile Apps

• 28 years old

• 70% from industry


Startup Eco-System

Talent

High Schools and Universities and Corps

Research & IP

AnchorIdea

ValidationMarket

Validation

Market Penetration &

Expansion

Licensing to companies

Immigration (future)

Corps

Schools

Fail pool Exit pool

2nd timers

Retire boo :(

Entrepreneurs


Imagination(high school)

Anchor

Research(University)

Idea Validation

Market Validation


Expansion

43%

24% 5% 37% 1%

*fake numbersEntrepreneurs

Tech Industry(Large companies)

64%

80%5% 15%

Increase Conversion


Imagination(high school)

Research(University)

Idea Validation

Market Validation


Expansion

BCIC Organization

Dean PrelazziDawn WoodSarah Albrecht TBH

Danny Robinson TBH CFO/COO TBH Regional VPLin Kishore

Executive Supporting

Role


BCIC’s role in Filling Holes

• When clear demand exists and no program fills the need:

• 1st Choice - Look for partners to fill the hole

• 2nd Choice - Incubate programs within BCIC. Develop process to spin successful programs out to parters within 12 months

16


Funding Decisions

• Market based approach - reward success - defined as customer success

• Transparency

• Objective, data-driven decisions

• Online applications only (soon)

• Filling which identified hole?

• Post program conversion plan?

• Can it be done more quickly?

• Is it world-class quality?

Amount Share Measurement

Tier 3

Tier 2

Tier 1

$500-$2500

100% Customer Interviews

$2500-$50,000

50%Customer Feedback

Surveys + Preliminary Conversion Rates

>$50k 30% Conversion Rates

17

*thresholds subject to change as we learn more


BCIC Vote

Beta Version of our Community Engagement Tool

Live March 10th

everything we do or fund will be posted here first

18

BETA


Measurement

19

Ideas Measure

under development


Measurement

20

IdeasMeasure

Amount Share Measurement

Tier 3

Tier 2

Tier 1

$500-$2500 100% Customer Feedback Surveys

$2500-$50,000 50%

Customer Feedback Surveys + Preliminary Conversion Rates

>$50k 30% Conversion Rates

Upgrade


21

BELIEVE


BCIC Town hall may5th

Technology

Transcript of BCIC Town hall may5th