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Proposal for a Tech Incubator in Peel Region

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Bjoern Kingsley and Jason Lavigne are proposing developing a 6,500 square foot ICT Business Incubator offering the Region of Peel services including: business incubation and acceleration; public-private funding and collaboration in the areas of business and technology development, research and education; mentorship and coaching for entrepreneurs; focus programs for female tech entrepreneurs and foreign investors, businesses and talent.

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Proposal for a Tech Incubator in Peel Region

  1. 1. We are proposing developing a 6,500 square foot ICT Business Incubator offering the region services including: business incubation and acceleration; public-private funding and collaboration in the areas of business and technology development, research and education; mentorship and coaching for entrepreneurs; focus programs for female tech entrepreneurs and foreign businesses and talent. We have developed a detailed 365 day timeline for roll-out and secured a location. Aside from private investors, we are seeking initial support from key partners, including: Cities of Mississauga, Brampton, Oakville, Federal and Provincial Govt., Universities, Microsoft, RICC, MaRS, OCE, ONE, Communitech, NRC, TiE, and others. Over the past few years we have established networks for ICT professionals that are being recognized throughout the GTA and represent a large portion of the local tech (business) community. What we have learned is that there is a need and great demand for a Mississauga-based Technology Incubator. Executive Summary
  2. 2. An Innovative Opportunity Presented by Jason Lavigne & Bjoern Kingsley Serving Mississauga, Brampton, Oakville & The World
  3. 3. a computer programming comment tag; to indicate planned enhancements; http://en.wikipedia.org/wiki/Todo “TODO” ` `
  4. 4. “TODO” is intended to be a centrally located, state of the art, ICT Business Incubator (BI) facility directly serving the Peel and Halton regions with leading edge business and technology support services. Whether you are a startup or an existing company interested in expansion, “TODO” is your one stop shop for business growth.  Entrepreneurship  Innovation  Growth of wealth and primary jobs  Education  Community building  Regional focus What is “TODO”
  5. 5. Regional Collaboration Business MICROSOFT Education UTM Government OCE
  6. 6.  Incubator Services  Soft Landings  Accelerator  Rapid Application Development | Prototyping “TODO” Business Units
  7. 7.  Lease space at low cost rates  Includes furniture, utilities, meeting rooms, Internet, copy/fax  Participate in focus groups | Launch & Learns  One stop business service center  RICC | MBOT | SBEC | EDC | NRC  Links to qualified investors, mentors and advisors  Design and analysis technology services  Prototyping services  Commercialization Assistance Incubator Services
  8. 8.  In 2017, “TODO” will initiate an NBIA “International Soft Landings” program.  Target foreign-owned companies with interest in growing a Canadian market presence.  Mississauga, Brampton & Oakville have sister city status in these countries: Japan (2) | China (2) | Philippines (1) | USA (1) Soft Landings
  9. 9.  Programming combines virtual and onsite services specifically targeted at ICT commercialization. ○ Boot camp Retreats ○ Investor Presentation Prep and Introductions ○ Mentor Identification and Assistance ○ Advisory Board Development ○ Peerspectives Roundtables Accelerators
  10. 10. RAD approaches to software development put less emphasis on planning tasks and more emphasis on development. In contrast to the waterfall model, which emphasizes rigorous specification and planning, RAD approaches emphasize the necessity of adjusting requirements in reaction to knowledge gained as the project progresses. Rapid Application Development (RAD)
  11. 11.  Our 6,500 square foot facility in Mississauga (Hurontario & Matheson) provides private office space, classrooms, collaboration areas and conference meeting rooms. The Location
  12. 12. Innovation & Entrepreneurship Eco-System Source : infodev.org idisc.net Human ingenuityMarkets Social and Economic Wealth Creation Skills Innovation
  13. 13. Innovation & Entrepreneurship Eco-System Human ingenuityMarkets Social and Economic Wealth Creation Skills Innovation Policy Regulation Finance Business Infrastructure Entrepreneurs Technology Parks Incubators Academia Human ingenuity Skills Innovation Social and Economic Wealth Creation Markets Source : infodev.org idisc.net
  14. 14. Innovation & Entrepreneurship Eco-System Human ingenuityMarkets Social and Economic Wealth Creation Skills Innovation Policy Regulation Finance Business Infrastructure Entrepreneurs Technology Parks Incubators Academia Human ingenuity Skills Innovation Social and Economic Wealth Creation Markets Incubators Source : infodev.org idisc.net
  15. 15. Canada’s TEA Score 8.9% - Room for Growth Source : http://www.internationalentrepreneurship.com `
  16. 16.  Business incubators are a leading instrument used by many governments to facilitate technology transfer from public research organizations  Commercial risks pose a greater problem than technical risks when taking R&D results to market, not least because spin-offs are often founded by scientists with technical capacities but without business skills Business Incubation: a Public Solution to Accelerate Technology Transfer
  17. 17. Tailored Financial Services Critical to Manage Start-Up and Scale-Up Costs And also: •Syndicated capital from third party investors •Agreements with local banks to test new forms of financing
  18. 18.  Co-location of start-ups with mature companies  Natural clustering & collaboration  Entrepreneurs mutually learn & educate  Diversified model of incubation + office rentals  Strategic mix of public funding & private investments  Strict entry criteria Critical Success Factors for Incubators
  19. 19.  Investors & seasoned entrepreneurs leveraged as mentors  Strong management monitoring mentors, companies, processes  Lean & cost effective incubation program, optimal use of resources  For-fee service screens out insufficiently commercialized candidates  Climate of collaboration & networking from the start Critical Success Factors for Incubators (cont’d)
  20. 20.  Number of tenant clients within the incubator  Evaluation of services by incubator clients  Growth in the number of applicants  Number of companies that successfully graduate  Percentage of incubator graduates that stay in the community  Number of jobs created Performance Indicators & Success Criteria
  21. 21.  Revenue of companies being served  Incremental tax revenues generated by clients and graduates  Level of community support for and from tech businesses  Capital raised by companies being served  Grants received by companies being served Performance Indicators & Success Criteria (cont’d)
  22. 22.  Cloud  Big Data & Open Data  Internet of Things  Bio-Medical Devices (fitbit, Apple Watch etc…)  Automation (home & car) Target Hot & Trending Industry Focuses
  23. 23.  Business – Enterprises | Service Providers | Professionals  Investors – Gov’t Funding | Angel | Venture Capital Key Partners
  24. 24.  Government – Municipal | Provincial | Federal  Education – University | Colleges | Secondary Schools  Incubators – Local | Silicon Valley | International Key Partners (cont’d)
  25. 25. Thank You! Feedback? Björn Kingsley Rubicomm bjoern@rubicomm.com Jason Lavigne Black & White Logic Inc. jason@blackandwhitelogic.com

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