innovating for success ...a practical approach
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Innovating for success ...a practical approach. Real case studies from (KW) High-Tech industry. This presentation is about:. Turning an idea into a business ...and beyond. Making Ontario A World Leader In The Digital Economy. - PowerPoint PPT PresentationTRANSCRIPT
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Real case studies from (KW) High-Tech industry
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This presentation is about:
Turning an idea into a business
...and beyond
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Making Ontario A World Leader In The Digital Economy
McGuinty Government Partners With Communitech To Create Digital Media Jobs In Kitchener-Waterloo (Feb. 2, 2012)
Premier Dalton McGuinty present at newly opened expansion of the Communitech Hub
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The Tannery – Kitchener 19th-century tannery transformed into high-tech facility -The Communitech Hub
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Communitech Hub
The Communitech Hub is expected to create or retain more than 4,000 jobs. More than 458 new companies have been created since it was launched in 2010.
“Fostering innovation and partnering with business that are creating the next generation of jobs is part of the McGuinty government's plan to strengthen Ontario's economy and create jobs for families.”
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What is digital media?Information that is created and shared virtually rather than physically
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Required elements for starting a business
Idea validation – Market readiness assessment
FundingLogistic supportConnectionsResourcesTalentEducation
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Waterloo Region – Community driven innovation
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Business and economic environment
Home to more than 700 tech companies (IT, digital media, biomedical, aerospace, environmental tech and advanced manufacturing)
World class graduates available from University of Waterloo
This is a community that “self-consults,” with one generation mentoring the next.
Iain KlugmanCEO of Communitech
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StructureCommunitech
A not-for-profit organization supporting technology companies in Waterloo Region and promotes the area as a technology cluster.
Services: Venture services program; peer connections; Networking; mentorship
“Communitech is powerful example of the kind of entrepreneurship and innovation that is driving the Ontario economy. Our government is proud to support enterprises like Communitech, building confidence in our economy and bringing jobs to Ontario, for Ontario families."
– Dalton McGuintyPremier of Ontario
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StructureBusiness incubators / accelerators:
Accelerator Centre (Waterloo)
Communitech hub (Kitchener)Facility dedicated to the growth and
commercialization of Ontario’s digital media industry
VeloCity (University of Waterloo)Low cost business accelerator services for University
of Waterloo students and graduates
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StructureAccelerator Centre facts: 100% of graduate companies remained in
Ontario. 84% remained in local communityover 1400 hours of educational services delivered
to Client companiesclients have added over 600 new jobs to their
communitieshelped the Clients bring in over $72 million in
external fundingclients generated over $45 million in revenue and
counting
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StructureCanadian Digital Media Network (CDMN)
Created by Communitech in 2009 as a national Centre of Excellence for Commercialization and Research to create companies, jobs and wealth for the nation
15 regional nodes – Canada wide; Communitech Hub is the headquarters
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Still something out there left to be invented?
Another business idea left to be discovered?
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The answer is ... YES!
Advancements in various technologies open the path to
new businesses
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Miovision TechnologiesFounded 2005Automated Traffic Data Collection system. Intelligent
solutions designed to help data collectors, traffic consultants and municipal governments reduce the cost of collecting, analyzing and reporting accurate traffic data. The product help reduce traffic congestion, minimize environmental impacts and improve the overall safety on the roads.
Capabilities: vehicle count; Traffic studies; Data collection; Signal timing ; Traffic Reporting
Markets:Public Sector Municipal & State GovernmentsTransportation Engineering & Planning firmsTraffic Data Collection Consultants
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Aeryon LabsFounded in 2007Design and manufacture small unmanned aerial vehicle
(UAV) systems for aerial sensing applications.Aeryon Scout is an easy-to-use, battery powered,
unmanned aerial intelligence gathering system. A professional tool capable of point-and-click autonomous map-based navigation through a touch-screen user interface, the Scout requires minimal user training and allows a single user to operate both the aerial vehicle and camera payload system. The Scout is targeted at the backpack of every soldier and the trunk of every police car
Markets / applications: Military Law Enforcement Fire safety Civilian
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DejeroFounded in 2009Innovative technology for transmitting broadcast-
quality HD or SD live video over bonded cellular networks, WiFi or Ethernet. The revolutionary solution gives greater mobility, including access to locations such as airports, high security areas, rooftop events and can even broadcast from a moving vehicle. Dejero expands broadcast newsgathering capabilities.
Markets / applications:Broadcasting, Media, Surveillance, Military, Education News Journalist, Web Media, Emergency Response,
Education, MilitaryLocal news, Video Blogging, Citizen JournalistsCustomer Support, Remote Medical Diagnostic
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Dejero
“CTV’s live coverage of the Torch Relay for 100 days across 27,000 miles of Canada was a hugely popular introduction to the 2010 Winter Games. The innovative technology developed by Dejero will revolutionize how broadcasters cover live events.”
Robert Hurst, CTV News President
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Key elements for success:Valid business idea (addresses a demand, open a niche etc.)Market ready – immediate opportunities for
commercialization Innovative (patented) technologyField proven / ReliableRecognition – awards, press releasesCost effective – fraction of the cost of an existing/traditional
solution or new affordable solutionComplex product – powered by proprietary softwareEasy to use – complex technology packed in a friendly easy
to use interface.Solution made possible due to advancements in various
related technologiesBusiness and Tech community support (Communitech)Start with a product with basic functionality that sells
and grow from there
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What’s next? - Keep Innovating !Improve the product (quality, features)More compact versionsImprove the processesExpand on alternate markets / verticals
consumer marketnews journalist / web mediaemergency response / diagnosisremote monitoring/ surveillance
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Expertise neededInformation TechnologyComputer engineeringSoftware engineeringWeb developmentElectronics /Electrical engineeringWireless / RF engineeringMechanical engineeringManufacturing engineering
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Suppliersmachine shopsheet metal shopPCB manufacturing housesPCB assembly housescable assembly housesother custom parts and assembly
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Need for any changes in the business model ?increase demand for rapid prototyping
(physical models) when digital prototyping reached certain technological limit or not effective
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Take Back ManufacturingTake Back Manufacturing
SOFTWARESOFTWARE
Your TBM ROADMAPYour TBM ROADMAP
YOUR YOUR TBM TBM
EVOLUTIEVOLUTION PLANON PLAN
THOUGHT-THOUGHT-WAREWARE HARDWAREHARDWARE
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