CLA/OCEA INAUGURAL MEETINGTannery Event Centre – Kitchener, ON

June 20, 2014

CLA/OCEA INAUGURAL MEETING

Goals and Objectives:

• Networking

• Best practices

• Program updates

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AGENDA

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9:00am Networking Continental Breakfast

9:00am Opening Remarks and Introduction of CLAs and OCEAs

Tom Corr, President and CEO, Ontario Centres of Excellence (OCE) Martin Croteau, Academic Entrepreneurship Director, OCE

10:00am

Provincial Resources OCE SmartStart Seed Fund Martin Croteau MaRS Business Acceleration Program (BAP) Usha Srinivasan, VP, Learning and Insights, MaRS Discovery District

11:00am Networking Break

11:15am

Campus Entrepreneurship: Lessons Learned Mike Kirkup, Velocity @ University of Waterloo Valerie Fox, DMZ @ Ryerson University Cynthia Go, Impact Centre @ University of Toronto Tony Bailetti, Lead to Win @ Carleton University

12:15pm Networking Lunch

AGENDA

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1:00pm

Breakout Sessions: CRM Tools for Client Data Collection Best Practices in Accelerator Models Sidecar Investment Funds Contests, Events and other Outreach Campaigns

1:45pm Networking Break

2:00pm Program Process: Contracts, Reporting and Payments

2:30pm Other Business: Open Q & A

3:00pm Closing Remarks and Adjournment Bill Mantel, Assistant Deputy Minister, Research, Commercialization and

Entrepreneurship Division, Ministry of Economic Development and Entrepreneurship

Tour of Tannery District

INTRODUCTIONS

CLAs:• University of Windsor• E3 London• Kitchener-Waterloo• University of Toronto• Ryerson University• OCADU• Centennial College• Queens University• Capital Entrepreneurs

Ottawa

OCEAs:• Conestoga College

• Greater Sudbury

• Seneca College

• Lambton College

• Georgian College

• University of Guelph 

• Humber College

• Brock University

• George Brown College 

• Northern College

• St. Clair CollegePAGE 5

SMARTSTART SEED FUNDOverview

June 20, 2014

CLA/OCEA ACTIVITIES

CLA/OCEA

$

Outreach

Education

Advice

Space

Linkages

SMARTSTART AT A GLANCE

• Up to $30,000 grant with 1:1 matching

• $5,000 for entrepreneurship skills training

• Targeted to youth 18-29

• Not restricted to academic-based IP

• Approx. 250 investments in 2 years

• Rolling application process

• Reliance on regional screening partners

ELIGIBILITY

• Youth 18-29 yrs., must hold equity and key role

• Matching funds (1:1), anything but gov’t of Ontario

• Must be incorporated

• Targeting validation stage companies

• May have $250k max. revenue and/or investment

• FedDev SEB funded companies many not apply

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INVESTMENT TARGET

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SmartStart MR2 MR3

APPLICATION

Customer

Problem

Solution

Value Prop

Revenue/

Pricing

Channels

Demand Creation

Competition

Activities &

Budget

Team

SCREENING AND EVALUATION

Roles and Responsibilities of Partners:

• RICS/CLAs/OCEAs help cultivate opportunities

• Applications must be endorsed by partners

• All funding inquiries to be referred to partners

• Advisor to provide endorsement and evaluation

• Application package sent to 2 external reviewers

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ADMINISTRATION

Funding Agreements and Payments:

• Funding agreements automatically generated online

• Electronic signing from all parties

• Payment begins processing immediately upon approval

• Payment provided directly to the start-up via EFT

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CURRENT STATUS

• Fund opened application intake May 15th

• First applications currently under review

• Partnership signed with Futurpreneur

• Application to FedDev to double the fund

SUMMARY

Guiding Principles:

• Fund the right deals

• Move at the speed of business

• Leverage our regional partners

• Transparency and accountability

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THANK YOUJune 20, 2014