Evolving the Innovation Ecosystem...– Annalise Boytinck. 5:10 – 5:25 pm . E&Y Innovation...
Transcript of Evolving the Innovation Ecosystem...– Annalise Boytinck. 5:10 – 5:25 pm . E&Y Innovation...
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Evolving the Innovation Ecosystem
Edmonton Innovation Ecosystem Community MeetingMarch 5, 2020
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Welcome
Cheryll WatsonVice President, Innovate Edmonton
Co-Chair AB Innovation Corridor
@CheryllYEG@InnovateYEG
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Edmonton Innovation Ecosystem Community (EIEC)
Collective Mandate
Collaborate to Evolve and Improve
the Edmonton Innovation Ecosystem
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300+ EIEC Members
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4:15 – 4:20 pm Welcome – Cheryll Watson
4:20 – 4:25 pm EACOS Update – Ashlyn Bernier, Sean Feehan
4:25 – 4:30 pm ERIN Update – Zack Storms
4:30 – 4:35 pm YEG Innovation Compass Update – Alex Hryciw
4:35 – 4:55 pm Applied Pharmaceutical Innovation– Andrew MacIssac
4:55 – 5:10 pm CBRE, Edmonton Tech & Real Estate – Annalise Boytinck
5:10 – 5:25 pm E&Y Innovation Governance Presentation – Rick Valderama
5:25 – 5:40 pm City Council Greetings – Councillor Tim Cartmell
5:40 – 6:00 pm Community Announcements & Ticket Draw – EVERYONE! What can you share?
6:00 – 6:30 pm Head to Startup TNT for Networking & Drinks
Agenda4:15 – 6:30 pm
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Edmonton Advisory Council on Startups
(EACOS) UpdateAshlyn Bernier and Sean Feehan
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EACOS Committees• Community
• Private Capital
• Ecosystem
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COMMUNITY • Engagement
• Inclusivity
• Celebration
• Connection
• Chair: Noah Hammer [email protected]
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PRIVATE CAPITAL• Access
• Incentive
• Creation of investment ready companies
• Chair: Luke Butterworth [email protected]
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ECOSYSTEM• Governance
• Structure
• Alignment
• Public Funding
• Policy
• Chair: Amir Reshef [email protected]
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Edmonton Regional Innovation Network
(ERIN) UpdateZack StormsERIN Co-chair
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eRIN Priorities Areas
1) Access to capital2) Service provider alignment3) Access to Intellectual Property from Universities4) Mentorship from seasoned entrepreneurs
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The Alberta Innovates GrantRIN Priorities Year 1
April 1, 2020 – March 31, 2021Year 2April 1, 2021–March 31, 2022
Core Funding $1.1295 Million $1.1295 MillionEarly Stage Funding Top-Up1) Common app and intake2) Startup Edmonton
$0.5 Million $0
Total $1.6295 Million $1.1295 Million
$2.76 Million maximum funding available over 2 years
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Status UpdateDate MilestoneJan 23 Application SubmittedFeb 14 1st Round of Feedback ReceivedMar 2 Revised application SubmittedMar 30 Contracts must be signed to receive fundingEarly April ERIN community meeting on Governance
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How should governance work?Two Levels of Governance1) Overarching strategy – 7-9 person board
Currently represented by interim steering committee2) Working/Advisory group(s)
Tactical meeting Multiple groups needed?
ERIN community meeting planned for April to discuss governance structure
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Help us Market our First RIN Program
Practical Tools: Digital Marketing + Data Science + CRM
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YEG Innovation Compass UpdateYEG Innovation Compass Update
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YEG COMPASS IN ACTION
Thank you to all those who have claimed tactics!
We have received submissions from 3 partner organizations so far.
Please remember to claim your tactics. We need everyone's participation to move this work forward.
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TACTICSAll 72 tactics are outlined on InnovationCompass.ca. Tactics are related to these five areas and serve the recommendations of the YEG Innovation Compass Final Report:
• Investment• Talent• Customers• Marketing• Governance
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How to claim a tactic
• Visit InnovationCompass.ca
• Register! Once you register the site will remember your information.
• Claim tactics as often as you like!
• When you claim a tactic, you’ll receive a follow-up email asking you to confirm your commitment.
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How to claim a tactic• Once a week, updates on the submissions will be
updated on InnovationCompass.ca.
• If you claim “I’m exploring something in this like this” you will receive a prompt in 30 days to solidify your commitment.
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On The Horizon• Metrics: We’re still collecting suggested metrics.
• Data Collection & Publishing: Once we have an inventory of claimed tactics and confirmed metrics, we will roll-out a data collection form and publish monthly updates on InnovationCompass.ca
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Summary• InnovationCommpass.ca is LIVE – register today & start claiming tactics
• When you claim tactics, you will be asked to confirm your commitments
• Updates are published weekly at InnovationCompass.ca
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Questions?
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Building capacity for life science innova tion success
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What is API?
When did we appear?
What do we do?
How do we help?
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Commercializing life sciences innovation is hard.
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We build capacity and teams to provide
Medicinal Chemistry SynthesisLead selection Analytical TestingPharmacodynamics PopPKPharmacokinetics ToxicokineticsADME studies DDI studiesFormulation Clinical trial designStability PharmacometricsNiche Regulatory Computational DD
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Imagine you’re an Architect…
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And you’ve got a great idea for an office tower…
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Architect
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ArchitectStructural engineersCivil engineersMechanical engineersInterior designersLandscape architectsProject managersReal estate agentsConsultants
Land DevelopersPermitting ExpertsGeneral ContractorsElectriciansCarpentersBusiness DevelopmentMarketingGeneral ManagementLegal
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ArchitectStructural engineersCivil engineersMechanical engineersInterior designersLandscape architectsProject managersReal estate agentsConsultants
Land DevelopersPermitting ExpertsGeneral ContractorsElectriciansCarpentersBusiness DevelopmentMarketingGeneral ManagementLegal
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Structural engineersCivil engineersMechanical engineersInterior designersLandscape architectsProject managersReal estate agentsConsultants
Land DevelopersPermitting ExpertsGeneral ContractorsElectriciansCarpenters
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=
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Translational Team
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Translational Team
Innovators Business,Legal, Marketing, etc
Typical Life Sciences Company
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Innovators
Business,Legal, Marketing, etc
Edmonton’s Life Science Ecosystem
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Shared Translational Team
Innovators
Business,Legal, Marketing, etc
What API does
Innovators
Innovators
Innovators
InnovatorsInnovators
Innovators
Innovators
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Shared Translational Team
Innovators
Business,Legal, Marketing, etc
What API does
Innovators
Innovators
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Translational Team
Innovators
Business,Legal, Marketing, etc
What API does
Innovators
Innovators
Translational Team
Translational Team
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What have we done so far?
Attracted over 29 large company projects
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What have we done so far?
Hired over 17 translational interns at the post-doctoral, graduate, undergraduate level.
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What have we done so far?
Supported 8 Edmonton SMEs with translational teams
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What have we done so far?
Built a network with over 90+ experts, labs and facilities that includes:
UAlberta Pharmacy and Pharmaceutical SciencesUAlberta Faculty of Science
GlycoNetNAIT
University of CalgaryUniversity of Lethbridge
AmiiThe Cross Cancer Institute/PP1P
Innovate CalgaryAlberta Health Services
Institute of Health Economics
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What’s next?
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Questions?
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Why Edmonton?Growth and Opportunities
March 5, 2020Annalise Boytinck
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EDMONTON’S ECONOMIC STRENGTH & GROWTH
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55 EEIC | WHY EDMONTON
EDMONTON POPULATION GROWTH
800
900
1000
1100
1200
1300
1400
1500
1600
170019
95
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
F
2021
F
2022
F
2023
F
2024
F
Source: Conference Board of Canada, Feb 2020.
Edmonton Population (Thousands)
15 year growth (95’-09’): 284K
15 year growth (10’-24’): 400K
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56 EEIC | WHY EDMONTON
1.8%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5% M
ontre
al
Van
couv
er
Otta
wa
-G
atin
eau
Sa
ska
toon
Win
nipe
g
Edm
onto
n
Tor
onto
Ca
lgar
y
2020 POPULATION GROWTH BY MAJOR METRO Population growth (%)
Source: Conference Board of Canada, Feb 2020.
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57 EEIC | WHY EDMONTON
9.4%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0% M
ontre
al
Otta
wa
-G
atin
eau
Van
couv
er
Sa
ska
toon
Win
nipe
g
Tor
onto
Edm
onto
n
Ca
lgar
y
POPULATION GROWTH BY MAJOR METRO 5 year Population growth (%) 2019-2024
Source: Conference Board of Canada, Feb 2020.
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58 EEIC | WHY EDMONTON
EDMONTON POPULATION GROWTH
Source: Conference Board of Canada, Feb 2020.
Components of Population Growth
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020F 2021 2022 2023 2024 New Births Domestic Migration International Migration
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59 EEIC | WHY EDMONTON
2020 POPULATION GROWTH MAJOR METROS
Source: Conference Board of Canada, Feb 2020.
Components of Population Growth
(40,000)
(20,000)
-
20,000
40,000
60,000
80,000
100,000
120,000
140,000
New Births Domestic Migration International Migration
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60 EEIC | WHY EDMONTON
IMMIGRATION IMPORTANCE
Source: Oxford Economics, 2020.
Canadian Population 65+
0%
5%
10%
15%
20%
25%
30%19
80
1990
2000
2010
2020
2030
2040
2050
% o
f Tot
al P
opul
atio
n
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61 EEIC | WHY EDMONTON
2.4%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%19
96
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
GDP GROWTH BY MAJOR METROHistorical Edmonton GDP Growth (%)
Source: Conference Board of Canada, Feb 2020.
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62 EEIC | WHY EDMONTON
2.4%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5% W
inni
peg
Sa
ska
toon
Mon
treal
Otta
wa
-G
atin
eau
Tor
onto
Edm
onto
n
Ca
lgar
y
Van
couv
er
GDP GROWTH BY MAJOR METROGDP Growth 2020 (%)
Source: Conference Board of Canada, Feb 2020.
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63 EEIC | WHY EDMONTON
13.8%
0.0%2.0%4.0%6.0%8.0%
10.0%12.0%14.0%16.0%
Mon
treal
Win
nipe
g
Otta
wa
-Ga
tinea
u
Tor
onto
Sa
ska
toon
Van
couv
er
Edm
onto
n
Ca
lgar
y
GDP GROWTH BY MAJOR METRO5 year GDP Growth (%) 2019-2024
Source: Conference Board of Canada, Feb 2020.
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64 EEIC | WHY EDMONTON
EDMONTON RETAIL SALES PER CAPITA
$-
$5,000
$10,000
$15,000
$20,000
$25,00019
95
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
Source: Conference Board of Canada, Feb 2020.
Retail Sales per Capita ($)
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65 EEIC | WHY EDMONTON
EDMONTON RETAIL SALES PER CAPITA
Source: Conference Board of Canada, Feb 2020.
Retail Sales per Capita ($) 2020
$20,168
$- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000
Vancouver
Montreal
Toronto
Winnipeg
Ottawa-Gatineau
Edmonton
Calgary
Saskatoon
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EDMONTON’S DIFFERENTIATORS
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67 EEIC | WHY EDMONTON
EDMONTON’S SHINING STARS
Edmonton has top talent and more coming
Edmonton residents have a high quality of life
Edmonton has room to grow
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TALENT
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69 EEIC | WHY EDMONTON
TOP TALENT IN EDMONTON
Dr. Richard Sutton Dr. Patrick M. Pilarski
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70 EEIC | WHY EDMONTON
SIX POST SECONDARY INSTITUTIONS• Provide training and education to over 125,000 students in Edmonton
DEEP TALENT POOL
UNIVERSITY OF ALBERTA IS A LEADER• Ranked 109th University in the World (QS World Ranking 2019)• Consistently ranked in top 3 schools globally for Artificial Intelligence and
Machine Learning (CSRankings) • Proud Partner of AMII (Alberta Machine Intelligence Association)
INCREASING ENROLMENT NUMBERS• Over the past 3 years, the number of enrolments to Alberta’s Post-Secondary
System has increased every year • International Post-Secondary student enrolment has more then doubled over
the past 10 years.Source: Government of Canada
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71 EEIC | WHY EDMONTON
TALENT QUALITY VS. COST
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QUALITY OF LIFE
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73 EEIC | WHY EDMONTON
WORLDS LEAST AFFORDABLE CITIES
Source: Demographia, 2020.
Housing Affordability Score
8.6
11.9
0 5 10 15 20 25
London
San Francisco
San Jose
Auckland
Toronto
Los Angeles
Melbourne
Sydney
Vancouver
Hong Kong
Housing Affordability Score
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74 EEIC | WHY EDMONTON
82.0% 66.0% 44.3% 41.1% 39.7% 34.3%0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
Van
couv
er
Toro
nto
Mon
trea
l
Otta
wa
Cal
gary
Edm
onto
n
HOME OWNERSHIP OPPORTUNITIESShare of income a household needs to cover ownership costs (%)
Source: RBC Economic Research, Housing Trends and Affordability, 2019.
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75 EEIC | WHY EDMONTON
$1,748 $1,562 $1,410 $1,305 $1,257 $855 $-
$200 $400 $600 $800
$1,000 $1,200 $1,400 $1,600 $1,800 $2,000
Van
couv
er
Toro
nto
Otta
wa
Cal
gary
Edm
onto
n
Mon
trea
l
AFFORDABLE LIVINGAverage 2 Bedroom Rental Rate ($)
Source: CMHC, October 2019.
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76 EEIC | WHY EDMONTON
FESTIVAL CITY• Over 55 annual Festivals and Events
QUALITY OF LIFE
GREAT OUTDOORS• 88km of River Valley Park, largest urban park in North America• Elk Island Provincial Park: over 250 species of birds, moose, deer, bison, elk• Edmonton offers skating, snowshoeing, fishing, kayaking, etc.
Source: Explore Edmonton
ARTS AND CULTURE• Edmonton is home to Live theatre, Art Galleries, Museums and Much More
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ROOM TO GROW
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78 EEIC | WHY EDMONTON
2.4% 2.5% 4.6% 6.7% 19.8% 20.7%0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Toro
nto
Van
couv
er
Otta
wa
Mon
trea
l
Cal
gary
Edm
onto
n
OFFICE VACANCY RATES MAJOR METROSDowntown A Class Vacancy Rate (%)
Source: CBRE Research, Q2 2019.
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79 EEIC | WHY EDMONTON
OFFICE RENTAL RATE OVERVIEW
KEEP YOUR TABLE WITHIN THE GUIDESAsking Gross Rents ($/SF) Concessions (TI $/SF)
Edmonton $40 $50-$65
Calgary $36 $60-$70
Montreal $47 $40-$70
Ottawa $47 $10-$40
Toronto $64 $20-$40
Vancouver $65 $25
Source: CBRE Research, Q2 2019.
Downtown Class A Office
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CHANGING LANDSCAPE
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81 EEIC | WHY EDMONTON
TOP COMPANIESMarket Cap 2009 ($)
Source: Thomas Reuters, 2020.
$0 $1,000
ApplePetrobras
HSBCBHP Billiton
China Construction BankWalmart
ICBCMicrosoft
Exxon MobilPetroChina
Billions
Energy Tech Other
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82 EEIC | WHY EDMONTON
TOP COMPANIESMarket Cap 2019 ($)
Source: Thomas Reuters, 2020.
$0 $500 $1,000 $1,500
VisaJPMorgan Chase
TencentBerkshire Hathaway
AlibabaFacebook
AmazonAlphabetMicrosoft
AppleBillions
Energy Tech Other
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THANK YOUMARCH 5, 2020
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E&Y Innovation Governance PresentationRick Valderama
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City Council GreetingsCouncillor Tim CartmellWard 9
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Community Announcements
Any updates?
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• SxSW: Canada House - March 15 & 16
• Spontivly• EZ enRoute• Medo.ai• Punchcard Systems• Direct-C
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• An Evening with Gary Vaynerchuk – March 26
• Competition closed
• Selection in process will reach out to winners Monday, March 9th
• Tickets still available at grit.trixstar.com
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• Collision: June 22–25• Company applications – closed
• Applications under review
• Community applications for general attendee tickets still available at www.edmonton.com/collision2020
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Program Sunset Notification
Guided by:- YEG Compass feedback - Consolidating and maximizing impact- E&Y recommendations re: ERP management
Innovate programs concluding March 31st, 2020- ATC Connect & Founders Forum- Google and AWS credit program- Free space and facilitated connections with service
providers and business advisor services
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Propel: Pre-Accelerator Program Introducing the First Ever Cohort • Prototype Hubs – Mitchell Eaton• Resume Free – Allie Knull• Quote to Me Inc. – John Chabluk• Stoak – Noah Hammer • Xkey AI Estimation – Rob Swynar• EZOPS – Brandon Ambrose • Rxdelivery – Hasnain Raza • Commerce Owl – Gezim Hoxha • What’s the Deal? – Kate Popiel• UeventPro – Angela Contardi
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Rogers Ticket Draw
Tickets to join us for the Edmonton Oilers vs. New York Islanders!
Friday, March 13 at 7 PM
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Next Meeting – Change Up!Bi-Monthly
Are you interested in presenting?
Send a note to Alex [email protected]