canada’s world class research and innovation city region · canada’s world class research and...
TRANSCRIPT
1www.trra.ca 1
Canada’s World Class
Research and Innovation City Region
City of Toronto June 2, 2011
2www.trra.ca
TRRA OverviewToronto Region Innovation EcosystemGlobal Trends in Foreign Direct Investment into R&DTRRA AccomplishmentsExecutive Summary
TRRA Presentation on R&D Foreign Investment AttractionCity of Toronto Economic Development Committee
3www.trra.ca
Launched in 2005Public-private partnership collaborative modelPromote R&D investment in one of Canada’s key economic regionsFunded by Federal and Provincial governments, and wide range of academic and private sector stakeholders Territory broadly defined based on innovation clusters
TRRA Organizational Overview
4www.trra.ca
TRRA Mission & Goals
Increase awareness of the Toronto Region among global R&D decision-makers and influencers
Retain and grow foreign investment into regional organizations, and attract innovative foreign companies to locate here
Become the pre-eminent source of intelligence on regional research assets and associated international trends
Promote enhanced research intensity among regional businesses
Advance initiatives to strengthen research and innovation capacity
TRRA is a regional economic development organization promoting increased investment in research and innovation to further economic prosperity. TRRA pursues 5 goals to fulfill this mission:
5www.trra.ca
Top Countries for Total R&D Expenditures
Canada’s global rankings
14th in GDP
10th in GDP per capita
9th in global R&D spending
Source: R&D Magazine, 2010 GERD forecast for 2011*Purchasing Power Parity
$24.3B
0
50
100
150
200
250
300
350
400
450
R&
D e
xpen
dit
ure
(b
illio
ns
of
US
do
llars
)
6www.trra.ca
R&D in the Toronto Region - Key Market Features
7.4 million people – 4th in North America with $349 Billion GDP greater than Korea, Finland, Austria or Switzerland
Over $8B private and public sector R&D
Ranked #4 among Major NA Cities of the Future by FDI Magazine (2011/12)
Global leader in competitive R&D costs –less than Tokyo, Frankfurt, New York and London (2009)World class clusters in life sciences and information technologyGlobal advantages in corporate and R&D tax incentives
7www.trra.ca
R&D in the Toronto Region - Key Industry Features
30% of Canada’s life sciences employment is in the Toronto Region
Toronto Region is Canada’s largest life sciences cluster with 1,800 companies, workforce of 37,000, 5,800 annual science graduates and additional 5,300 graduates of programs relevant to medical technology
53 of the top 100 life science multinationals are in the Toronto Region
33% of Canada’s high-tech employment is in the Toronto Region
Toronto Region is Canada’s largest ICT cluster with over 13,000 companies, workforce of 125,000 and 5,000 annual graduates
20 of the top 25 ICT multinationals are in the Toronto Region
Toronto Region ICT revenues approaching CDN $50 billion
8www.trra.ca
Advanced Mfg. & MaterialsEnergy & Environment
IT & CommunicationsLife Sciences
Regional Distribution of Innovative Companies
9www.trra.ca
R&D in the Toronto Region - Key Academic Features
9 Universities
12 Academic Hospitals
8 Institutes of Technology and Colleges
Over 300 Research Institutes
365 Research Chairs
320,000 Full-Time Students
83,000 Graduating Students per Year
11,450 Faculty Members
10www.trra.ca
R&D in the Toronto Region - Key Talent Features
30% of Canada’s most highly cited scientists, more per capita than the UK, Israel, Germany or Japan
64% of population 25-64 with post secondary education (best in G8)
Continually renewed pool of skilled workers – 83,000 graduates and 47,000 immigrants with degrees
Ranked 2nd by PWC among 26 leading global city regions on intellectual capital and innovation (2011)
11www.trra.ca
The global market for R&D investment is US$1.1 trillion54% invested by the top 1,000 multinational corporationsCanada ranks 9th in the world with a 2.4% market share
R&D in Canada is highly concentratedTop 100 companies spend $10.2B accounting for 35% of all R&DTop 25 Universities spend $5.7B accounting for 20% of all R&D
88% of foreign investment flows to companies already in Canada56% from US, 31% from Europe
Canada receives $2.1B in FDI for R&D purposes55% to Ontario, 24% to Quebec, 15% to BC
Top 10 foreign subsidiaries in the GTA invest $1.5B in R&DFME’s account for 1-8% of their global corporate R&D spend
Key Global R&D Investment Trends
12www.trra.ca 1212
Source Country for Foreign Investment in R&D
Source: FDI Markets, May 2011 # of R&D Projects for 2003- 2010
985
191
156
112
114
88
54
48
47
46
289
United States
Germany
Japan
UK
France
Switzerland
Canada
Netherlands
India
South Korea
Rest of World
13www.trra.ca 13
Destination Country for Foreign Investment in R&D
Source: FDI Markets May 2011 # of R&D Projects for 2003-2010
356
284
147
130
105
85
71
71
56
52
687
China
India
United States
UK
Singapore
France
Spain
Ireland
Canada
Germany
Rest of World
14www.trra.ca 1414
Source: FDI Markets , May 2011 Data for 2003-2010
Destination Trends for Foreign Investment R&D
0
10
20
30
40
50
60
70
80
2003 2004 2005 2006 2007 2008 2009 2010
Nu
mb
er o
f P
roje
cts
China
India
United States
UK
Singapore
France
Spain
Ireland
Canada
Germany
15www.trra.ca
Canadian FME Share of Global R&D Expenditures
RankCDN
CompanyCanadian R&D Expenditures
CAD $000
Global R&D Expenditure CAD $000
Canadian Expenditure as % global
5 IBM Canada 556,500 6,646,000 8.4%
10 Ericsson Canada 197,000 4,935,000 4.0%
12 sanofi-aventis Group 182,000 7,266,000 2.5%
15 GlaxoSmithKline Canada 148,000 7,310,000 2.0%
21 Pfizer Canada 109,000 8,907,000 1.2%
27 AstraZeneca Canada 84,000 5,035,000 1.7%
34 Boehringer Ingelheim (Canada) 63,500 3,943,000 1.6%
38 Honeywell Canada 55,000 1,519,000 3.6%
41 Bayer 50,000 4,354,000 1.1%
72 Xerox Canada 22,000 959,000 2.3%
Source: Research InfoSource and BIS Scoreboard, 2010 R&D Investment for 2009
16www.trra.ca
Actively selling the Region for new foreign R&D investment 44 prequalified leads, 36 meetings with prospects, 26 business cases developed and 6 investments
Building awareness of the Toronto Region through marketing52,600 visitors to the website (+20%VYA); 30% from outside Canada141,000 document downloads (+135% VYA)
Accelerating innovation capacity buildingWater in Urban Watersheds technology demonstration projectModernizing Ontario’s clinical trialsIncubating Nano Ontario
Producing insightful economic researchGlobal R&D trend reports and innovation cluster studies 17 Sector Asset Maps and Innovation Profiles
TRRA Performance Metrics
17www.trra.ca
TRRA Engagement with City of Toronto
• Agri foods sector development program (2009-2010)
• A recipient of the City of Toronto’s Competitiveness, Creativity and Collaboration Investment Program (cluster analysis)
• Technicity IT sector event in November
• Partner in IT sector data analysis for final report
• Moderator on panel
• Quarterly meetings with Invest Toronto
• Cooperation on economic database acquisition
• Partnering with Business, Retention and Expansion team on R&D investment prospects
18www.trra.ca
Canada is among the top countries in the world for research and innovation
The Toronto Region is the epicenter of R&D investment in Canada
R&D investment is critical to the future economic prosperity of the Toronto Region
R&D is concentrated in large enterprises and foreign multinational corporations play a critical role
Executive Summary