evolving the innovation ecosystem...– annalise boytinck. 5:10 – 5:25 pm . e&y innovation...

Evolving the Innovation Ecosystem

Edmonton Innovation Ecosystem Community MeetingMarch 5, 2020

Welcome

Cheryll WatsonVice President, Innovate Edmonton

Co-Chair AB Innovation Corridor

@CheryllYEG@InnovateYEG

Edmonton Innovation Ecosystem Community (EIEC)

Collective Mandate

Collaborate to Evolve and Improve

the Edmonton Innovation Ecosystem

300+ EIEC Members

4:15 – 4:20 pm Welcome – Cheryll Watson

4:20 – 4:25 pm EACOS Update – Ashlyn Bernier, Sean Feehan

4:25 – 4:30 pm ERIN Update – Zack Storms

4:30 – 4:35 pm YEG Innovation Compass Update – Alex Hryciw

4:35 – 4:55 pm Applied Pharmaceutical Innovation– Andrew MacIssac

4:55 – 5:10 pm CBRE, Edmonton Tech & Real Estate – Annalise Boytinck

5:10 – 5:25 pm E&Y Innovation Governance Presentation – Rick Valderama

5:25 – 5:40 pm City Council Greetings – Councillor Tim Cartmell

5:40 – 6:00 pm Community Announcements & Ticket Draw – EVERYONE! What can you share?

6:00 – 6:30 pm Head to Startup TNT for Networking & Drinks

Agenda4:15 – 6:30 pm

Edmonton Advisory Council on Startups

(EACOS) UpdateAshlyn Bernier and Sean Feehan

EACOS Committees• Community

• Private Capital

• Ecosystem

COMMUNITY • Engagement

• Inclusivity

• Celebration

• Connection

• Chair: Noah Hammer noah@stoak.io

PRIVATE CAPITAL• Access

• Incentive

• Creation of investment ready companies

• Chair: Luke Butterworth lbutterw@ualberta.ca

ECOSYSTEM• Governance

• Structure

• Alignment

• Public Funding

• Policy

• Chair: Amir Reshef amir@dealcloser.com

Get in touch! Hello@eacos.ca

Or find us on Slack! slack.eacos.ca

Edmonton Regional Innovation Network

(ERIN) UpdateZack StormsERIN Co-chair

eRIN Priorities Areas

1) Access to capital2) Service provider alignment3) Access to Intellectual Property from Universities4) Mentorship from seasoned entrepreneurs

The Alberta Innovates GrantRIN Priorities Year 1

April 1, 2020 – March 31, 2021Year 2April 1, 2021–March 31, 2022

Core Funding $1.1295 Million $1.1295 MillionEarly Stage Funding Top-Up1) Common app and intake2) Startup Edmonton

$0.5 Million $0

Total $1.6295 Million $1.1295 Million

$2.76 Million maximum funding available over 2 years

Status UpdateDate MilestoneJan 23 Application SubmittedFeb 14 1st Round of Feedback ReceivedMar 2 Revised application SubmittedMar 30 Contracts must be signed to receive fundingEarly April ERIN community meeting on Governance

How should governance work?Two Levels of Governance1) Overarching strategy – 7-9 person board

Currently represented by interim steering committee2) Working/Advisory group(s)

Tactical meeting Multiple groups needed?

ERIN community meeting planned for April to discuss governance structure

Help us Market our First RIN Program

Practical Tools: Digital Marketing + Data Science + CRM

YEG Innovation Compass UpdateYEG Innovation Compass Update

YEG COMPASS IN ACTION

Thank you to all those who have claimed tactics!

We have received submissions from 3 partner organizations so far.

Please remember to claim your tactics. We need everyone's participation to move this work forward.

TACTICSAll 72 tactics are outlined on InnovationCompass.ca. Tactics are related to these five areas and serve the recommendations of the YEG Innovation Compass Final Report:

• Investment• Talent• Customers• Marketing• Governance

How to claim a tactic

• Visit InnovationCompass.ca

• Register! Once you register the site will remember your information.

• Claim tactics as often as you like!

• When you claim a tactic, you’ll receive a follow-up email asking you to confirm your commitment.

How to claim a tactic• Once a week, updates on the submissions will be

updated on InnovationCompass.ca.

• If you claim “I’m exploring something in this like this” you will receive a prompt in 30 days to solidify your commitment.

On The Horizon• Metrics: We’re still collecting suggested metrics.

• Data Collection & Publishing: Once we have an inventory of claimed tactics and confirmed metrics, we will roll-out a data collection form and publish monthly updates on InnovationCompass.ca

Summary• InnovationCommpass.ca is LIVE – register today & start claiming tactics

• When you claim tactics, you will be asked to confirm your commitments

• Updates are published weekly at InnovationCompass.ca

Questions?

Building capacity for life science innova tion success

What is API?

When did we appear?

What do we do?

How do we help?

Commercializing life sciences innovation is hard.

We build capacity and teams to provide

Medicinal Chemistry SynthesisLead selection Analytical TestingPharmacodynamics PopPKPharmacokinetics ToxicokineticsADME studies DDI studiesFormulation Clinical trial designStability PharmacometricsNiche Regulatory Computational DD

Imagine you’re an Architect…

And you’ve got a great idea for an office tower…

Architect

ArchitectStructural engineersCivil engineersMechanical engineersInterior designersLandscape architectsProject managersReal estate agentsConsultants

Land DevelopersPermitting ExpertsGeneral ContractorsElectriciansCarpentersBusiness DevelopmentMarketingGeneral ManagementLegal

ArchitectStructural engineersCivil engineersMechanical engineersInterior designersLandscape architectsProject managersReal estate agentsConsultants

Land DevelopersPermitting ExpertsGeneral ContractorsElectriciansCarpentersBusiness DevelopmentMarketingGeneral ManagementLegal

Structural engineersCivil engineersMechanical engineersInterior designersLandscape architectsProject managersReal estate agentsConsultants

Land DevelopersPermitting ExpertsGeneral ContractorsElectriciansCarpenters

Translational Team

Innovators Business,Legal, Marketing, etc

Typical Life Sciences Company

Innovators

Business,Legal, Marketing, etc

Edmonton’s Life Science Ecosystem

Shared Translational Team

Innovators

What API does

Innovators

InnovatorsInnovators

Innovators

Shared Translational Team

Innovators

What API does

Innovators

Translational Team

Innovators

What API does

Innovators

Translational Team

What have we done so far?

Attracted over 29 large company projects

Hired over 17 translational interns at the post-doctoral, graduate, undergraduate level.

Supported 8 Edmonton SMEs with translational teams

Built a network with over 90+ experts, labs and facilities that includes:

UAlberta Pharmacy and Pharmaceutical SciencesUAlberta Faculty of Science

GlycoNetNAIT

University of CalgaryUniversity of Lethbridge

AmiiThe Cross Cancer Institute/PP1P

Innovate CalgaryAlberta Health Services

Institute of Health Economics

What’s next?

Questions?

Why Edmonton?Growth and Opportunities

March 5, 2020Annalise Boytinck

EDMONTON’S ECONOMIC STRENGTH & GROWTH

55 EEIC | WHY EDMONTON

EDMONTON POPULATION GROWTH

170019

Source: Conference Board of Canada, Feb 2020.

Edmonton Population (Thousands)

15 year growth (95’-09’): 284K

15 year growth (10’-24’): 400K

2.5% M

2020 POPULATION GROWTH BY MAJOR METRO Population growth (%)

12.0% M

POPULATION GROWTH BY MAJOR METRO 5 year Population growth (%) 2019-2024

EDMONTON POPULATION GROWTH

Components of Population Growth

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020F 2021 2022 2023 2024 New Births Domestic Migration International Migration

2020 POPULATION GROWTH MAJOR METROS

Components of Population Growth

(40,000)

(20,000)

20,000

40,000

60,000

80,000

100,000

120,000

140,000

New Births Domestic Migration International Migration

IMMIGRATION IMPORTANCE

Source: Oxford Economics, 2020.

Canadian Population 65+

12.0%19

GDP GROWTH BY MAJOR METROHistorical Edmonton GDP Growth (%)

3.5% W

GDP GROWTH BY MAJOR METROGDP Growth 2020 (%)

0.0%2.0%4.0%6.0%8.0%

10.0%12.0%14.0%16.0%

GDP GROWTH BY MAJOR METRO5 year GDP Growth (%) 2019-2024

EDMONTON RETAIL SALES PER CAPITA

$5,000

$10,000

$15,000

$20,000

$25,00019

Retail Sales per Capita ($)

EDMONTON RETAIL SALES PER CAPITA

Retail Sales per Capita ($) 2020

$20,168

$- $5,000 $10,000 $15,000 $20,000 $25,000 $30,000

Vancouver

Montreal

Toronto

Winnipeg

Ottawa-Gatineau

Edmonton

Calgary

Saskatoon

EDMONTON’S DIFFERENTIATORS

EDMONTON’S SHINING STARS

Edmonton has top talent and more coming

Edmonton residents have a high quality of life

Edmonton has room to grow

TALENT

TOP TALENT IN EDMONTON

Dr. Richard Sutton Dr. Patrick M. Pilarski

SIX POST SECONDARY INSTITUTIONS• Provide training and education to over 125,000 students in Edmonton

DEEP TALENT POOL

UNIVERSITY OF ALBERTA IS A LEADER• Ranked 109th University in the World (QS World Ranking 2019)• Consistently ranked in top 3 schools globally for Artificial Intelligence and

Machine Learning (CSRankings) • Proud Partner of AMII (Alberta Machine Intelligence Association)

INCREASING ENROLMENT NUMBERS• Over the past 3 years, the number of enrolments to Alberta’s Post-Secondary

System has increased every year • International Post-Secondary student enrolment has more then doubled over

the past 10 years.Source: Government of Canada

TALENT QUALITY VS. COST

QUALITY OF LIFE

WORLDS LEAST AFFORDABLE CITIES

Source: Demographia, 2020.

Housing Affordability Score

0 5 10 15 20 25

London

San Francisco

San Jose

Auckland

Toronto

Los Angeles

Melbourne

Sydney

Vancouver

Hong Kong

Housing Affordability Score

82.0% 66.0% 44.3% 41.1% 39.7% 34.3%0.0%

HOME OWNERSHIP OPPORTUNITIESShare of income a household needs to cover ownership costs (%)

Source: RBC Economic Research, Housing Trends and Affordability, 2019.

$1,748 $1,562 $1,410 $1,305 $1,257 $855 $-

$200 $400 $600 $800

$1,000 $1,200 $1,400 $1,600 $1,800 $2,000

AFFORDABLE LIVINGAverage 2 Bedroom Rental Rate ($)

Source: CMHC, October 2019.

FESTIVAL CITY• Over 55 annual Festivals and Events

QUALITY OF LIFE

GREAT OUTDOORS• 88km of River Valley Park, largest urban park in North America• Elk Island Provincial Park: over 250 species of birds, moose, deer, bison, elk• Edmonton offers skating, snowshoeing, fishing, kayaking, etc.

Source: Explore Edmonton

ARTS AND CULTURE• Edmonton is home to Live theatre, Art Galleries, Museums and Much More

ROOM TO GROW

2.4% 2.5% 4.6% 6.7% 19.8% 20.7%0.0%

OFFICE VACANCY RATES MAJOR METROSDowntown A Class Vacancy Rate (%)

Source: CBRE Research, Q2 2019.

OFFICE RENTAL RATE OVERVIEW

KEEP YOUR TABLE WITHIN THE GUIDESAsking Gross Rents ($/SF) Concessions (TI $/SF)

Edmonton $40 $50-$65

Calgary $36 $60-$70

Montreal $47 $40-$70

Ottawa $47 $10-$40

Toronto $64 $20-$40

Vancouver $65 $25

Source: CBRE Research, Q2 2019.

Downtown Class A Office

CHANGING LANDSCAPE

TOP COMPANIESMarket Cap 2009 ($)

Source: Thomas Reuters, 2020.

$0 $1,000

ApplePetrobras

HSBCBHP Billiton

China Construction BankWalmart

ICBCMicrosoft

Exxon MobilPetroChina

Billions

Energy Tech Other

TOP COMPANIESMarket Cap 2019 ($)

Source: Thomas Reuters, 2020.

$0 $500 $1,000 $1,500

VisaJPMorgan Chase

TencentBerkshire Hathaway

AlibabaFacebook

AmazonAlphabetMicrosoft

AppleBillions

Energy Tech Other

THANK YOUMARCH 5, 2020

E&Y Innovation Governance PresentationRick Valderama

City Council GreetingsCouncillor Tim CartmellWard 9

Community Announcements

Any updates?

• SxSW: Canada House - March 15 & 16

• Spontivly• EZ enRoute• Medo.ai• Punchcard Systems• Direct-C

• An Evening with Gary Vaynerchuk – March 26

• Competition closed

• Selection in process will reach out to winners Monday, March 9th

• Tickets still available at grit.trixstar.com

• Collision: June 22–25• Company applications – closed

• Applications under review

• Community applications for general attendee tickets still available at www.edmonton.com/collision2020

Program Sunset Notification

Guided by:- YEG Compass feedback - Consolidating and maximizing impact- E&Y recommendations re: ERP management

Innovate programs concluding March 31st, 2020- ATC Connect & Founders Forum- Google and AWS credit program- Free space and facilitated connections with service

providers and business advisor services

Propel: Pre-Accelerator Program Introducing the First Ever Cohort • Prototype Hubs – Mitchell Eaton• Resume Free – Allie Knull• Quote to Me Inc. – John Chabluk• Stoak – Noah Hammer • Xkey AI Estimation – Rob Swynar• EZOPS – Brandon Ambrose • Rxdelivery – Hasnain Raza • Commerce Owl – Gezim Hoxha • What’s the Deal? – Kate Popiel• UeventPro – Angela Contardi

Rogers Ticket Draw

Tickets to join us for the Edmonton Oilers vs. New York Islanders!

Friday, March 13 at 7 PM

Next Meeting – Change Up!Bi-Monthly

Are you interested in presenting?

Send a note to Alex ahryciw@edmonton.com

evolving the innovation ecosystem...– annalise boytinck. 5:10 – 5:25 pm . e&y innovation...

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