OCE OVERVIEW
CAURA 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
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FINANCIAL UPDATE
Soji Bello,MBA,CMA
FINANCE UPDATE
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FINANCE UPDATE
PAGE 5
FINANCE UPDATE
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FINANCE UPDATE
• New Payment Terms:
OCE portion of
Project Value (OPV)
Less than
Greater (or equal
Initial
than
to)
Payment Interim Payment OCE Holdback
OPV less
$35,000 holdback
n/a
$5,000
OPV less
$35,000 $85,000 holdback
n/a
$10,000
based on receipt
greater of
of progress $10,000 or 10% of
$85,000 $250,000 $75,000
report
OPV
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FINANCE UPDATE
Other Developments
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OCE FINANCE & ADMINISTRATION
Key Contacts:
Soji Bello, Manager, Program Accounting
soji.bello@oce-ontario.org
Ron Milanes, Project Accountant (Region covered – South/West)
Ron.Milanes@oce-ontario.org
Wasim Kadri, Project Accountant (Region covered - Central & East/North)
Wasim.Kadri@oce-ontario.org
Farzad Zohouri, Database Administrator (for online access to project files)
Farzad.Zohouri@oce-ontario.org
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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
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ON-CAMPUS
ENTREPRENEURSHIP
ACTIVITIES (OCEA)
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,
•
•
•
•
•
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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.
ON-CAMPUS ENTREPRENEURSHIP ACTIVITIES
(OCEA)
•
•
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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.
ON-CAMPUS ENTREPRENEURSHIP ACTIVITIES
(OCEA)
•
•
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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
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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.
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OCEA: KEY DATES
CLA Expression of Interest (EOI) Due
October 28, 2013
Applicants Notified of EOI Results
December 2013
TBD (anticipated
to be January
2013)
OCEA 1st Funding Round Opens
CLA Proposals Due*
CLA Applicants Notified of CLA Funding
Decisions
Mid-January 2014
OCEA 2nd Funding Round Opens
TBD
February 2014
*Option to submit a proposal for a Regional (CLA-Linked) Seed Fund
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DAVID MCFADDEN ENERGY
ENTREPRENEUR CHALLENGE
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.oceontario.org/programs/talent-programs/entrepreneurshipfellowships/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 Manager
t:416.861.1092 x 1037
binny.arora@oce-ontario.org
Ontario Centres of Excellence
156 Front Street West, Suite 200, Toronto, ON M5J 2L6
t:416.861.1092 • 1.866.759.6014 • f:416.971.7164
www.oce-ontario.org
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Jennifer Moles, Program Manager
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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
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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.
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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
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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 (preincorporation)
• 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).
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HOW TO APPLY
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NEXT ROUND
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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
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•
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
VOUCHER FOR INNOVATION AND PRODUCTIVITY
(VIP)
page 33
•
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 SME
NRC-IRAP referral of approx. $20K for non-academic
expertise/service providers to company (~10 NRC-IRAP
referrals in FY)
VIP
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VOUCHER FOR INNOVATION AND PRODUCTIVITY
(VIP)-PROCESS
page 35
•
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
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)
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VIP CONTACTS
Organization
Name
Email
OCE
Nicole Mihai
Nicole.Mihai@oce-ontario.org
OCE
Charmaine Llewellyn
Charmaine.Llewellyn@oceontario.org
Connect Canada
Raed Kadri
rkadri2@uwindsor.ca
NSERC Engage
Sandy Reid
John Jackson
Maja Bracovic
Tibor Turi
Alexandra.Reid@nserc-crsng.gc.ca
John.Jackson@nserc-crsng.gc.ca
Maja.Bracovic@nserc-crsng.gc.ca
Tibor.Turi@nserc-crsng.gc.ca
NSERC ARD
Level1
Marie Thibault
Jack Deyirmendjian
Marie.Thibault@nserc-crsng.gc.ca
Jack.Deyirmendjian@nserccrsng.gc.ca
NRC-IRAP
Bill Dobson
Bill.Dobson@nrc-cnrc.gc.ca
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VOUCHER FOR INNOVATION AND PRODUCTIVITY
(VIP)-ORS
page 38
•
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-voucherprogram/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)
THANK YOU
www.oce-ontario.org/
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