OCE OVERVIEW CAURA ONTARIO 2013 November 25, 2013.
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OCE OVERVIEW CAURA ONTARIO 2013 November 25, 2013
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Transcript of OCE OVERVIEW CAURA ONTARIO 2013 November 25, 2013.
OCE OVERVIEWCAURA ONTARIO 2013
November 25, 2013
AGENDA
• Finance Update by Soji Bello, Program Accountant
• Agreements & Talent Update by Tania Massa, Program Director
• MSc PoP Update by Jennifer Moles, Program Manager
• VIP Update by Nicole Mihai, Program Manager
PAGE 2
FINANCIAL UPDATESoji Bello,MBA,CMA
FINANCE UPDATE
PAGE 4
FINANCE UPDATE
PAGE 5
FINANCE UPDATE
PAGE 6
FINANCE UPDATE
PAGE 7
• New Payment Terms:OCE portion of Project Value (OPV)
Greater than
Less than (or equal
to)Initial
Payment Interim Payment OCE Holdback
- $35,000OPV less holdback n/a $5,000
$35,000 $85,000OPV less holdback n/a $10,000
$85,000 $250,000 $75,000
based on receipt of progress
report
greater of $10,000 or 10% of
OPV
FINANCE UPDATE
Other Developments
PAGE 8
OCE FINANCE & ADMINISTRATION
PAGE 9
Key Contacts:
Soji Bello, Manager, Program Accounting [email protected]
Ron Milanes, Project Accountant (Region covered – South/West) [email protected]
Wasim Kadri, Project Accountant (Region covered - Central & East/North)[email protected]
Farzad Zohouri, Database Administrator (for online access to project files)[email protected]
OCE AGREEMENTS
Improve Contract Process and efficiency• OCE can generate agreements from our system thus allowing quicker
review/signature by applicants/partners
• Pre-submission verification to minimize contract changes
• Signed agreement attached to the application submission
• E-signature process will be embedded in the contract process for faster execution and project start dates
• Conditional approvals will dealt with an amendment letter
PAGE 10
ON-CAMPUS ENTREPRENEURSHIP ACTIVITIES (OCEA)
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YOUTH STRATEGY PROGRAM
• Campus-Linked Accelerators (CLA)• On-Campus Entrepreneurship Activities
(OCEA)• Seed Funding (Regional & Provincial)• Youth Business Acceleration Program (Youth
BAP)• Youth Investment Accelerator Fund (Youth IAF)
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ON-CAMPUS ENTREPRENEURSHIP ACTIVITIES (OCEA)
• The OCEA program facilitates the development of entrepreneurial activity in Ontario's universities and colleges.
• The program supports the initiation and expansion of On-Campus Entrepreneurship capacity, in institutions that have demonstrated and/or are willing to make strong commitments to entrepreneurship,
• by fostering the adoption of global best practices in student entrepreneurship;
• reducing barriers for student and recent graduate entrepreneurs to pursue their entrepreneurial aspirations;
• integrating with regional business support resources; and • providing experiential learning opportunities for the next
generation of innovators.
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ON-CAMPUS ENTREPRENEURSHIP ACTIVITIES (OCEA)
• It helps student entrepreneurs transfer knowledge and intellectual property from Ontario post-secondary research institutions into the economy.
• OCEA funding is intended to “ignite and kick-start” entrepreneurial activities within institutions.
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ON-CAMPUS ENTREPRENEURSHIP ACTIVITIES (OCEA)
• The OCEA does NOT include an EOI – it only requires institutions to submit an OCEA Proposal.)
• OCEA recipients will be able to access other Youth Entrepreneurship Programs such as Youth BAP and Youth IAF. This includes a market intelligence service, business mentors and access to seed funding.
ELIGIBILITY CRITERIA
• Ontario post-secondary institutions are eligible applicants.
• Application must be submitted with RIC as a co-applicant
• Must tie into a broader campus-wide entrepreneurship strategy (e.g. courses, business plan competitions, and other incubation initiatives).
• Must have a strong community component (leveraging alumni, open access facilities and resources to all youth – even those with no institutional affiliation, etc.).
• Must be regionally coordinated with the non-academic entrepreneurship community (e.g. Sector Innovation Centres, Angel Networks, other Regional Innovation Centres, Small Business Enterprise Centres, etc.) to ensure strategies and programs are aligned and integrated with Ontario’s existing investments in innovation, commercialization and entrepreneurship
PAGE 16
ELIGIBILITY CRITERIA
• Preference will be given to an application that is a coordinated, joint application with other post-secondary institutions (colleges and universities) in the regional innovation and entrepreneurship ecosystem.
• A post-secondary institution can only be identified in one OCEA application (i.e. you cannot be a lead in one application then identified in another application).
• Must include a regional youth entrepreneurship strategy, including a regional youth mentorship plan that links into Youth BAP (MaRS) and other regional services (as outlined in the template to be provided) that help businesses.
• Must sign a contract with OCE.
• Must provide quarterly and annual reporting to OCE both during the program funding period and subsequently as may be required.
PAGE 17
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OCEA: KEY DATES
*Option to submit a proposal for a Regional (CLA-Linked) Seed Fund
CLA Expression of Interest (EOI) Due October 28, 2013
Applicants Notified of EOI Results December 2013
OCEA 1st Funding Round OpensTBD (anticipated to be January 2013)
CLA Proposals Due* Mid-January 2014CLA Applicants Notified of CLA Funding Decisions February 2014
OCEA 2nd Funding Round Opens TBD
DAVID MCFADDEN ENERGY ENTREPRENEUR CHALLENGE
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DAVID MCFADDEN ENERGY ENTREPRENEUR CHALLENGE
• The David McFadden Energy Entrepreneur Challenge invites university and college students from across Ontario’s academic institutions to address challenges facing the energy sector
• The challenge is to create energy solutions that are practical, affordable and sustainable
• Winner receives $25,000 and a suite of business services to assist in advancing the winning business
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ELIGIBILITY
• The Challenge is open to students from all faculties of publicly funded Ontario colleges, universities, and hospitals.
• Contest entries can be done on an individual or team basis.• Teams may include up to four students. • Teams are required to name a team representative, who will
be responsible for submitting the entry form and serving as the team’s primary contact for matters related to the contest.
• You may not participate as both an individual entrant and a team entrant.
• TO APPLY- Please visit OCE website: http://www.oce-ontario.org/programs/talent-programs/entrepreneurship-fellowships/mcfadden-challenge/how-it-works .
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KEY DATES
• Challenge launched at Discovery 2013 - May 28, 2013
• Video business concepts and entry forms due - January 31, 2014
• Selection committee reviews submissions -February 2014
• Finalists announced - end of February 2014
• 10 finalists engage in face-to-face meetings with Experts - March 2014
• Full business plans due - April 4, 2014
• Finalists make their pitch at Discovery May 12 or 13, 2014
• Winner and next year’s challenge announced at Discovery luncheon, May 13, 2014
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PROGRAM CONTACT
Binny Arora Program Managert:416.861.1092 x 1037 [email protected] Ontario Centres of Excellence156 Front Street West, Suite 200, Toronto, ON M5J 2L6t:416.861.1092 • 1.866.759.6014 • f:416.971.7164 www.oce-ontario.org
Jennifer Moles, Program Manager
page 24
MEDICAL SCIENCES PROOF OF PRINCIPAL (MSC POP)
Agenda
1. How it Works
2. Project Activities
3. How Funding Works
4. How to Apply
5. Timelines
6. Application In-Take
7. Assessment Process
8. Results
9. Next Round
page 25
HOW IT WORKS
• The program helps commercialize promising life sciences and medical technology intellectual property (IP) developed at Ontario publicly funded academic research institutions (universities, colleges, research hospitals).
• The goal is to deliver substantial and sustainable economic benefits to Ontario (e.g. jobs, sales) through newly created Ontario-based companies founded on this IP, or by licensing the IP to an existing Ontario-based company for incremental growth opportunities.
• OCE-supported MSc PoP projects are valued up to $50,000 for up to one year.
page 26
PROJECT ACTIVITIES
Typical activities include, but are not limited to:
• technology/IP assessment
• market assessment and strategy
• prototype design and development
• materials testing/analysis
• proof of concept demonstration
• preclinical and clinical evaluation/feasibility
• early customer engagement
• business and other plan (e.g. regulatory, reimbursement) development
page 27
HOW FUNDING WORKS
• Total investment of up to $50,000 flows to:— eligible incorporated spin-offs or spin-ins (less than one year old)
for commercialization activities, or,
— principle investigator at an academic research institution (pre-incorporation)
• Applicants must have matching cash and/or in-kind equal to the amount of 25% of the total requested investment at the time of application.
• This matching can come from internal and external sources such as institutions, prospective customers/end-users/suppliers, friends/family, federal grants, or industry partners. (i.e. if OCE contributes $50,000, we require a minimum value of $12,500 in cash and/or in-kind).
page 28
HOW TO APPLY
page 29
NEXT ROUND
page 30
November 28 Application intake opens
January 31 Final application deadline
February 17-21 Review panel
March 7 Notification of awards
March 31 Funding contracts and announcements
VOUCHER FOR INNOVATION AND PRODUCTIVITY
Nicole Mihai
COLLABORATION VOUCHER PROGRAM
• A truly “whole-of-government” approach< Streamlined approach for provincial and federal support< Applicants “check” the appropriate box for additional federal
support
< Partnerships with Connect Canada, NSERC, NRC-IRAP
• Collaboration Voucher Program portfolio< $20K Voucher for Productivity & Innovation (VIP)*< $50K Voucher for Commercialization (VC)< $2,500 Voucher for E-Business (VEB Colleges Only)< Voucher for Industry Association R&D Challenge (VIA)
• http://www.oce-ontario.org/vouchers
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VOUCHER FOR INNOVATION AND PRODUCTIVITY (VIP)
• Open to SMEs in partnership with colleges and universities
• $20K to address technical challenges that will have a commercial impact; improve productivity; develop business strategy or export development plan
• Minimum matching cash contribution of $5,000 from the SME
• Program Partner leverage (additional funding available):Connect Canada univ. graduate student internship(s) ($5000
minimum per intern, multiple interns permitted)NSERC Engage/ARD-1 add-on of $25K for first time
collaborations between PI and SME / College and SMENRC-IRAP referral of approx. $20K for non-academic
expertise/service providers to company (~10 NRC-IRAP referrals in FY)
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VIP
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VOUCHER FOR INNOVATION AND PRODUCTIVITY (VIP)-PROCESS
• Applications accepted anytime, through OCE’s online application system initiated by an OCE BD who contact the Program Partners
• OCE BD maintains oversight of the industry-academic project, in partnership with Connect Canada and NSERC
• If NRC-IRAP is referred, the ITA will engage with the applicant to review eligibility and assess needs
• NRC-IRAP ITA maintains oversight of the non-academic component of the project
• Applications reviewed monthly and jointly with all Program Partners
• Each Program Partner follows its own funding mandate or funding rules
• Final approval of each partner element of the project rests with each Program Partner
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APPLICATION FORM: PROGRAM PARTNER CHECKBOX CONFIRMATION (APPLICANT VIEW)
By selecting the OCE Voucher Program Partner below and by submitting this application, you agree to share project information amongst all partners listed in this application form. Project information includes application forms and supporting documents, application form reviews and assessments, public releases, outcome reports and impact measures. For more information, refer to OCE’s privacy policy http://www.oce-ontario.org/privacy-policy. Program partner require additional documentation and eligibility criteria.
□ Connect Canada: an intern ($5000 minimum per intern, multiple interns permitted)
□ NSERC ARD -1: first-time collaboration between a college and company (Up to $25,000)
□ NSERC Engage: first-time collaboration between a university researcher and company (Up to $25,000)
□ NRC-IRAP: referral for non-academic project (approx. $20,000)page 36
VIP CONTACTS
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Organization Name EmailOCE Nicole Mihai [email protected] Charmaine Llewellyn Charmaine.Llewellyn@oce-
ontario.orgConnect Canada Raed Kadri [email protected] Engage Sandy Reid
John JacksonMaja BracovicTibor Turi
[email protected]@[email protected] [email protected]
NSERC ARD Level1
Marie ThibaultJack Deyirmendjian
[email protected]@nserc-crsng.gc.ca
NRC-IRAP Bill Dobson [email protected]
VOUCHER FOR INNOVATION AND PRODUCTIVITY (VIP)-ORS
• ORS may contact Program Managers or Program Coordinator for general inquiries about VIP
• OCE BD maintains oversight of the VIP application online process and facilitates Program Partners engagement
• ORS to advise PI to review OCE web guidelines http://www.oce-ontario.org/programs/collaboration-voucher-program/VIP
• NSERC Engage and ARD-1 are extended to 1year projects in VIP (6 more months)
• One application form allows for NSERC, Connect Canada and IRAP support (not multiple application submissions)
page 38
THANK YOUwww.oce-ontario.org/
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