Business Acceleration Program - Ontario Centres of Excellence

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MaRS is a member of

Industry-Academic

Collaboration

Programs & Services

Business Acceleration

Programs & Services

1 Investment Accelerator Fund

Includes:

• Life Science Fund

• *Youth IAF

2 Business Acceleration Program

Includes :

Entrepreneurs in Residence

• Market Intelligence

• Business Development Grants

• *Youth BAP

17 Knowledge &

Tech Transfer Networks

17 Regional

Innovation Centres (RICs)

Results Management - Client Management - Collaboration Tools

Toronto

RIC

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Note: *new programs launched in FY14.

Business Acceleration Program

BAP is a funding mechanism that helps the

“Ontario Network of

Entrepreneurs” deliver programming, mentorship and funding to nurture entrepreneurship and enable creation of

Canada’s next generation of jobs.

ONE network consists of

Colleges and Universities,

Regional Innovation

Centers, Small Business

Enterprise Centers,

Business Advisory

Services – Go to www.onebusiness.ca

for more details.

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Memory at Work

Education online, onsite

& workshops

Funding competitions

BAP funds

Market

Intelligence

RIC program funding

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For technology or social purpose start-ups

 Ontario entrepreneurs – Students, Researchers and other Start ups;

Typically with < $1 M in revenues and < $2 M in private investment

 Student entrepreneurs – must be in a campus linked accelerator, incubator or entrepreneurship program such as – Next 36, Impact center,

UTEST, McMaster’s XCEE, Velocity, MBET, DMZ etc. or is a client at a local RIC.

 Researcher entrepreneur – must be working with a commercialization office at the university or client at a local RIC.

 Start ups not associated with Univ. or college should work directly with your local RIC

 Note: If you are a main street business – such as retail shop, restaurant, service business it is best for you to work with an SBEC in your local region; here in Toronto that would be Enterprise Toronto.

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Advisory services @ your RIC

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17 Regional Innovation Centers in Ontario

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Memory at Work

Q4 FY14 Update: Regional Innovation Centre Client Demographics and Program Activity

Overall Activity

4,758 ventures assisted YTD

784 ventures considered to be “high potential” in Q4

2,104 ventures received advisory services in Q4

744 ventures were new clients in Q4

15,068

hours of advisory services provided in Q4 with a total of

55,535

hours delivered YTD

Firm Age

41% of ventures are at 0-6 mos. of development or pre-startup

15% of ventures are 60 mos. old or over

69%

Firm Size of ventures are “Early Stage”

(pre-revenue)

Firm Industry

70%

56% of ventures are from ICT – Digital Media

12% of ventures are from Life Sci. – Healthcare

9% of ventures are from Cleantech

Firm Stage of ventures are at the “Idea” or

“Discovery” stage of development

9% of ventures are from

Materials and Advanced

Manufacturing

14% of ventures are from other industries

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Memory at Work

Q4 FY14 Update: Regional Innovation Centre Client Service Activity

2,104 ventures received advisory services in FY14 Q4

3500

3064

3000

2653

2500

2000

1651

1500

1000

500

406

0

310

32 60

651

380

449

123 114

163

711

448

92

1117

1020

0 0

54

712

570

503

165

45 43

707

154

73

410

57

Clients

Hours

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Funding Competitions

Embedded Executive

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Memory at Work

Q3 FY14 Update: Program Development

Embedded Executive Funding

Program Update

– The Embedded Executive

Program provides support to early-stage tech ventures to bring in a critical C or VP level resource for a short-term period of time in order to assist in creating an inflection point for the venture.

– Budget of $1.5M and the capacity to provide funding to up to 30 high potential

ventures in the province at

$50,000 each. An additional

$15k cash commitment will be requested from ventures.

Total applications by RIC referral:

126 applications were received from across the province and representing

14 of the 17 RICs.

7

6

7

8

6

4

3 2

9

12

58

MaRS Advisory Services

Communitech

Innovation Guelph

TechAlliance

RIC Centre ventureLAB

HalTech

Invest Ottawa

WEtech Alliance

Investment Accelerator Fund

(IAF)

Innovation Factory

Spark Centre

Innovation Initiatives Ontario

North (IION)

Launch Lab

Innovate Niagara

NORCAT

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Education – Workshops, Online

Resources and Live Events

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Memory at Work

Largest and most comprehensive entrepreneurship education in the world

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Event Series and Experiential Programs

260

Number of MaRS entrepreneurship educational events programmed & delivered in FY2014

16,86

Number of MaRS entrepreneurship education attendees in FY2014

Number of hours of live education provided to entrepreneurs in FY2014

3

Entrepreneurship 101 | MaRS Best Practices | MaRS Market Insights

MaRS Global Leadership | MaRS Future Leaders | Entrepreneur’s Toolkit Workshops

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Funding: Searchable database of 7000+ funding sources

Inspiration and Advice: 1000+ videos from been-there entrepreneurs

Strategies: 18 intuitive workbooks to define and refine business strategies

Online course: Entrepreneurship 101 resources and videos

Valuable info and tools: 500 articles and templates to help navigate business challenges

“ This is an excellent website loaded with good material for new companies starting out.” -Robert Falkner

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Entrepreneur’s Toolkit

2.45 million

Number of views of articles and workbooks

510,000

Number of video views www.marsdd.com/toolkit

From Launch in Q4 2009 until Mar 31 2014

Articles | Videos | How-to Guides | Workbooks | Funding Database

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Rebuilt two first series and refreshed the rest:

This two-part workshop series is designed to help early-stage ventures understand the Lean Startup approach and learn ways to start collecting feedback from potential customers.

Key Deliverable: A viable value proposition and a process for validating the proposition.

This workshop series follows Steve Blank’s methodology and introduce startups to Osterwalder’s Business Model

Canvas and the analytical process required to validate their business model.

Key Deliverable: A sustainable business model and a process for validating the model.

MarCom examines the principles of marketing and communications strategies and provides relevant frameworks and tools for you to increase opportunities for growth.

Key Deliverable: Key MarCom components that will contribute to a cost-effective, high impact MarCom strategy.

For new ventures ready to start selling, this workshop will provide techniques to map out your sales process and tools to manage, influence and track sales opportunities.

Key Deliverable: A sales call script that follows a sales process.

This workshop series will help you to understand how to create a powerful pitch that you can use to engage investors.

Key Deliverable: A 10-point investor pitch.

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Master Class

Objectives :

1- Support and advance the expertise and knowledge of our ONE advisors, business analysts and volunteers by sharing with them the latest tools and methodologies in Entrepreneurship Education

2- Share best practices and encourage collaboration within the ONE network

3Incorporate the Entrepreneur’s Toolkit Workshops’ deliverables into our advisory services roadmap

Format:

• A Master Class includes an in-person session and/ or a webinar.

• A Master Class includes presentation of the latest methodologies and tools, group activities and discussion around case studies.

• A Master Class will gather 6 to 30 advisors for one to three hours.

Success:

• Two Master Classes offered last quarter: 6 RICs participated, 134 hours of education provided to 41 attendees.

• Focus on the Customer Development Model and the Business Model Canvas.

• Three RICs and two external partners expressed interest .

IDEATION DISCOVERY VALIDATION EFFICIENCY SCALING

Entrepreneurship 101

MaRS Best Practices

Lean Startup, Part 1(Value Proposition)

Lean Startup, Part 2 (Business Model)

Marketing Communication

Business to Business Sales

The Pitch Workshop

Articles

Videos

Workbooks

Funding Sources Directory

Market Intelligence Services

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Market Intelligence

Startups with: < $1 Million in revenues, < $2 Million capital raised

Expertise in: IT & Entertainment - Life Sciences & Healthcare

Cleantech & Physical Sciences - Social & Not-For-Profit

Usha Joe Chris Claudio Lucas Hadi Hyun-duck

Nirusan Xuefei Lynda Emily

Market Research

Delivered

Market Insight

Reports

Market Insight

Events

Advanced Client

Services

Startup Library

Market Intelligence

ICT & Entertainment Life Sciences Cleantech

FY14 and 5 years analysis of MI services

FY 14 Annual data

Market Intelligence served 1,184 requests from 1075 companies/entrepreneurs and provided a total value of $26,386,790 million ( MaRS resources - $254M &

UofT Resources - $581KM), in cluding research report value and research hours servicing all the requests.

5 year analysis

Market Intelligence served 5295 clients & provided a total value of nearly

$89,133,729 , in cluding research report value and research hours servicing all the requests. Operating cost was kept at a steady $1.2 M or less throughout the five years.

Usha Srinivasan PhD

Vice President

Learning and Insights

MaRS Discovery District

T 416-673-8144

E usrinivasan @marsdd.com

W www.marsdd.com

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