1. Innovation Landscape – Ontario and Canada
Prepared for the Community Future Development Corporations
March 19th, 2013
2. About NORCAT | Our Mandate
Founded in 1995, NORCAT is a private, non-profit organization, that empowers our
clients, our staff, and our community partners to drive a culture of productivity,
innovation, and life-long learning in Canada and beyond.
Located in Sudbury, Ontario, the
NORCAT Centre stands at
approximately 65,000 square feet.
Our facility is home to our training
and development centre,
entrepreneurial programs and
incubator, and facilities and event
services.
3. NORCAT Regional Innovation Centre
As part of the Ontario Network of Excellence, NORCAT serves as Sudbury’s Regional
Innovation Centre partnering with community stakeholders to help start and
accelerate the growth of innovative companies
Only…
4-10% of new companies become high-
growth firms.
But the top…
in any given year generate roughly
1% 40% of new jobs.
in any given year generate roughly
5% 66% of new jobs.
High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011
3
4. Creation of Virtual Density in Canada – How we win!
As Sudbury’s Regional Innovation Centre, NORCAT needs to build strong connections to
other innovation centres and corporates across Canada that can be leveraged to
expedite the resolution of our client’s challenges
5. Northern Technology Alliance – Our Unique Assets
The Northern Technology
Alliance includes the Sault. Ste.
Marie Innovation Centre,
NORCAT, Innovation Initiatives
Ontario North (North Bay), and
the Northwestern Ontario
Innovation Centre (Thunder
Bay)
From the perspective of the
Ontario Government, the
Northern Technology Alliance
functions as one consolidated
RIC serving the North – all
having comparable services
7. Innovation = Messy, Chaotic, Nimble, Ever-Changing!
Innovation Centres
offer an array of core
service offerings to
meet the needs of
entrepreneurial and
innovative ventures.
Connections to
mentors, corporates,
capital, talent, and
partners collectively
serve to help our
clients overcome their
challenges
8. Capital – The Achilles Heel of Start-ups?!
Dilutive Capital Non - Dilutive Capital
• Angel investors (Northern Ontario
Angels, Georgian Bay Angels, GTAN,
MaRS Angels)
• Venture Capital (MaRS CT fund,
IAF, OMERS, OETF, Extreme, among
many others in Canada)
• Crowd sourcing platforms (Canada
is evolving the model depending
on legislation)
• Angel list, kickstarter, indiegogo,
among other on-line platforms
9.
10. Innovation Trends that Canada Should Care About!
• Big Data / Transformative Analytics
• Healthcare and our Aging Population
• Cross Industry Innovation
• Crowd Sourcing / Open Innovation
• Research Commercialization
• Natural Resource Competitiveness
11. Northern Centre for Advanced Technology
1545 Maley Drive | Sudbury, ON | P3A 4R7
@norcat
www.norcat.org
www.facebook.com/NORCAT
