1 mcmaster innovation park executing on a vision presentation to the kirkendall neighbourhood...

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McMaster Innovation ParkExecuting on a Vision

Presentation to the Kirkendall Neighbourhood

January 10th, 2008

Zach Douglas

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The Role of Research Parks

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INNOVATION:The process through which economic and social value is extracted from knowledge (through the creation, diffusion and transformation of ideas) to produce new or significantly improved products, processes and technologies.

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What is Needed for Successful Innovation Strong interface between university and industry/private

sector Infrastructure for applied research and education Interconnecting the stakeholders … it is all about skilled

people and their interconnectedness Local entrepreneurial culture A compelling vision driven by industry and embraced by

the community Leadership from the major local institutions Commitment of the three levels of Government

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University

Government Labs

Industry

Venture Capitalists

Business

Services

CO-LOCATE

CONNECT

COMMERCIALIZE

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McMaster Innovation Park

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Vision McMaster Innovation Park will be an

internationally recognized focal point for innovation, creativity, learning and research excellence aligned with the research strengths of McMaster University.

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The Mission of McMaster Innovation Park is to develop and sustain an environment that:

• facilitates and accelerates innovation, the transfer of knowledge and the commercialization of research resulting in economic and social development

• encourages successful collaboration amongst private sector, government, hospital, university and college researchers and educators

• is aligned with and leverages the research strengths of McMaster Universityand has global reach resulting in regional prosperity

• educates and excites the community about the vital role of the University in the innovation process

• educates and excites the community about new developing technologies and the jobs and prosperity they bring

Mission Statement

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What Will MIP Host?

Private, Government and University Research Facilities (Multi-use/multi-tenant or stand-alone research buildings) Learning and training facilities High-tech research-driven companies Business incubator / accelerator facilities Conference / short-term accommodation Amenities – restaurants, retail, recreation and open spaces Academic buildings

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Character of the Park

Prestigious, professional, high value research park Attractive buildings, landscape, public art, screened parking One or more “centrepiece” open spaces Pedestrian connectivity, bicycle-friendly, traffic- calmed A place to work, play and potentially live Connected to the community

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Planning Considerations Create flexible buildings and spaces Employ environmental best management practices in buildings, green roofs, landscaping and storm water management Ensure security of intellectual property, specialized equipment is shared Longwood Road and Frid Street Road extensions

urban and community streets that connects the area to the city

Provide access to community

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McMaster Innovation Park – N.E. Quadrant

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From This

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To This

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And This

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Property purchased Jan 05 with possession taken April 05 Environmental risk assessment and analysis related to site and

remediation planning is essentially complete Demolition started June 05 and was completed Spring 06 Warehouse building is being leased for the short term April 06 Federal Government re-announced relocation of MTL Province and City have provided financial support Master planning and site development is on-going Detailed planning is underway for four projects Construction is underway on the Red Brick Building

Status of McMaster Innovation Park

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Capital Budget Highlights 4 Projects Under Development

1. Red Brick Building Redevelopment

$15M over 2 years Phased 50,000 sq. ft. out of 115,000 net rentable occupied by end of ‘08 Construction underway

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2. CANMET (MTL) – (Federal Materials Technology Laboratory)

detailed design underway LEED Platinum goal Construction to start Fall 2008 Building expected to cost $35.0 - $40.0M 140,000 sq. ft. of primarily specialized materials testing labs

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3. Engineering Technology Centre G.M. Centre for Automotive Materials and Corrosion Mohawk/Mac partnership for Bachelor of Technology Program $3.0M preliminary capital commitment by Province Construction to start late in 2008 or early 2009

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4. Hotel Project

Sale of land to developer/hotelier Long term stay suites hotel such as a Residence by Marriott Shared conference facilities and meeting rooms with 175

Longwood Road South Market analysis pending - approximately 138 rooms

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ConclusionAll the ingredients are in place A vision and a plan. Commitment from stakeholders Capital General and Business Community support A team to make it work

Executing on the vision is underway.

Stay tuned!