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Commercialization Task Force 2003 Interim Report

Commercialization Task Force 2003 Interim Report. February 2004. Agenda 2003 Stage 1: Task Force Creation Stage 2: Problem Definition Stage 3: Research & Validation Stage 4: Defining Solutions Stage 5: Formulating Recommendations 2004 Stage 6: Selling the Solution Recommendations

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Commercialization Task Force 2003 Interim Report

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  1. Commercialization Task Force2003 Interim Report February 2004

  2. Agenda 2003 Stage 1: Task Force Creation Stage 2: Problem Definition Stage 3: Research & Validation Stage 4: Defining Solutions Stage 5: Formulating Recommendations 2004 Stage 6: Selling the Solution Recommendations Stage 7 Implementation, Monitoring & Feedback

  3. Commercialization Task Force Ottawa-Gatineau Region Institutions • Ottawa Centre for Research & Innovation (OCRI) • Greater Ottawa Chamber of Commerce (GOCC) • Ottawa Life Sciences Council (OLSC) • The Ottawa Partnership (TOP) • City of Ottawa • City of Gatineau • Recruitement des Gents d’Affaires (RGA) National Organizations • National Capital Institute of Telecommunications (NCIT) • Information Technology Association of Canada (ITAC) • Canadian Advanced Technology Association (CATA) • PRECARN • Software Human Resource Council • National Research Council (NRC) Academic Institutions & Industry • The University of Ottawa School of Management & Faculty of Engineering • Carleton University Sprott School of Business & Faculty of Engineering • Algonquin College • OrbitIQ Proprietary & Confidential to OrbitIQ Inc.

  4. Mission Develop the “environment” (political, financial, professional, educational) and the means for one in five technology companies to become global leaders in their market segments by 2010. Proprietary & Confidential to OrbitIQ Inc.

  5. Agenda 2003 Stage 1: Task Force Creation Stage 2: Problem Definition Stage 3: Research & Validation Stage 4: Defining Solutions Stage 5: Formulating Recommendations 2004 Stage 6: Selling the Solution Recommendations Stage 7 Implementation, Monitoring & Feedback

  6. Commercialization – Academic Innovation vs Industry Commercialization Research Market Academic Market Risk Innovation Risk Technology Risk Industry Development Product Product Risk Proprietary & Confidential to OrbitIQ Inc.

  7. Commercialization Elements Idea “Commercialization” from Idea to Technology to Prototype... Market Channel Satisfied Customer Viable Business Product Idea Technology Product Commercialization from Product to Channel to Customer to repeat Business... Proprietary & Confidential to OrbitIQ Inc.

  8. Problem Definition – Task Force Views • The ratio of profitable to non-revenue-generating technology companies in Ottawa-Gatineau is too low • The percentage of technology companies crossing the threshold to become mid-size ($50M annual revenues) companies with global leadership positions in their market segment is much too small • Too many companies are being purchased at low valuations and eventually turn into precarious satellite R&D labs – partly from difficulties in creating complete companies • There is too much emphasis on R&D and not sufficient on commercialization. • VC and other risk capital investments in Ottawa-Gatineau technologycommunity continues to drop to non-sustaining level Proprietary & Confidential to OrbitIQ Inc.

  9. Company Size Distribution G G $5B Large Large $500M Commercialization Loss $50M Medium Medium $5.0M Small businesses Small Businesses $0.5M Startups (Product) Maturing Startups (Product Stage) $0.0M Early Startups (Technology Stage) Early Startups (Technology Stage) Revenues Balanced Growth Community Market Throttled Community • Worrisome statistics • Canadian venture capitalists handed out 60 per cent less money in the 1st quarter 2003 • In Ottawa the dollar value of VC investments fell 90% to $43M from $372M in the same period the year before. The 1st quarter tally was down about 80% from the $245M raised in the last quarter of 2002. • 18 firms (mostly already in the portfolio) shared the money compared with 20 firms the year before – Macdonald & Associates and the Canadian Venture Capital Association Proprietary & Confidential to OrbitIQ Inc.

  10. Agenda • 2003 • Stage 1: Task Force Creation • Stage 2: Problem Definition • Stage 3: Research & Validation • University Research – Preliminary Findings • Stage 4: Defining Solutions • Stage 5: Formulating Recommendations • 2004 • Stage 6: Selling the Solution Recommendations • Stage 7 Implementation, Monitoring & Feedback

  11. Statistical Research by Ottawa Schools of Management • Tyler Chamberlin • John de la Mothe • Jerome Doutriaux • Scott Goodman • Ajax Persaud • Shaunak Bapat • Francois Brouard • Vinod Kumar Proprietary & Confidential to OrbitIQ Inc.

  12. Ottawa CompaniesDistribution by Employment OCRI, Data Base 2Q03 Proprietary & Confidential to OrbitIQ Inc.

  13. Comparing Technology Regions Proprietary & Confidential to OrbitIQ Inc.

  14. Comparison of Large Corporations(World-wide Revenue) Fortune 500 High Tech Sector Proprietary & Confidential to OrbitIQ Inc. Source: Fortune 500 World’s largest corporations

  15. Initial Findings • High Percentage of firms in the 10-100 employee range probably due to $3B venture capital inflow from 2000-2003 • Distribution of firms by size (local employment) comparable to other tech centres except: • At very low end, Ottawa has fewer • Is the recent 50% increase in the number of tech companies sufficient to create a future pool of large successful tech companies? • At the very high end, Ottawa has more • Ottawa-based large companies small in size compared to Silicon Valley (both in employment and sales) • Ottawa-based large companies tend to be branch operations of multinationals Proprietary & Confidential to OrbitIQ Inc.

  16. Agenda 2003 Stage 1: Task Force Creation Stage 2: Problem Definition Stage 3: Research & Validation Stage 4: Defining Solutions Stage 5: Formulating Recommendations 2004 Stage 6: Selling the Solution Recommendations Stage 7 Implementation, Monitoring & Feedback

  17. Selling the Recommendations • Work with Industry to finalize the details of the recommendations • Present Recommendations to Federal Government • Industry Canada Meeting • other meetings... • Present Recommendations to Provincial Governments • Ontario • Quebec • Others • Present to Municipal Authorities • Ottawa • Gatineau Proprietary & Confidential to OrbitIQ Inc.

  18. OrbitIQ Inc.1376 Bank Street Suite 510 Ottawa ON K1H 7Y3 Canada Tel: 613.260.5007Fax: 613.260.9493 www.orbitiq.com The enclosed material is confidential & proprietary to OrbitIQ Inc. and is for the internal use of addressee only.

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