proposal for a tech incubator in peel region

We are proposing developing a 6,500 square foot ICT Business Incubator offering the region services including: business incubation and acceleration; public-private funding and collaboration in the areas of business and technology development, research and education; mentorship and coaching for entrepreneurs; focus programs for female tech entrepreneurs and foreign businesses and talent. We have developed a detailed 365 day timeline for roll-out and secured a location. Aside from private investors, we are seeking initial support from key partners, including: Cities of Mississauga, Brampton, Oakville, Federal and Provincial Govt., Universities, Microsoft, RICC, MaRS, OCE, ONE, Communitech, NRC, TiE, and others. Over the past few years we have established networks for ICT professionals that are being recognized throughout the GTA and represent a large portion of the local tech (business) community. What we have learned is that there is a need and great demand for a Mississauga-based Technology Incubator.

Executive Summary

An Innovative Opportunity Presented by Jason Lavigne & Bjoern Kingsley

Serving Mississauga, Brampton, Oakville & The World

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http://en.wikipedia.org/wiki/Todo

“TODO”

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“TODO” is intended to be a centrally located, state of the art, ICT Business Incubator (BI) facility directly serving the Peel and Halton regions with leading edge business and technology support services. Whether you are a startup or an existing company interested in expansion, “TODO” is your one stop shop for business growth.

Entrepreneurship Innovation Growth of wealth and primary jobs Education Community building Regional focus

What is “TODO”

Regional Collaboration

Business MICROSOFT

Education UTM

Government OCE

Incubator Services

Soft Landings

Accelerator

Rapid Application Development | Prototyping

“TODO” Business Units

Lease space at low cost rates Includes furniture, utilities, meeting rooms, Internet, copy/fax

Participate in focus groups | Launch & Learns

One stop business service center

RICC | MBOT | SBEC | EDC | NRC

Links to qualified investors, mentors and advisors

Design and analysis technology services

Prototyping services

Commercialization Assistance

Incubator Services

In 2017, “TODO” will initiate an NBIA “International Soft Landings” program.

Target foreign-owned companies with interest in growing a Canadian market presence.

Mississauga, Brampton & Oakville have sister city status in these countries:

Japan (2) | China (2) | Philippines (1) | USA (1)

Soft Landings

Programming combines virtual and onsite services specifically targeted at ICT commercialization.

○ Boot camp Retreats

○ Investor Presentation Prep and Introductions

○ Mentor Identification and Assistance

○ Advisory Board Development

○ Peerspectives Roundtables

Accelerators

RAD approaches to software development put less emphasis on planning tasks and more emphasis on development. In contrast to the waterfall model, which emphasizes rigorous specification and planning, RAD approaches emphasize the necessity of adjusting requirements in reaction to knowledge gained as the project progresses.

Rapid Application Development (RAD)

Our 6,500 square foot facility in Mississauga (Hurontario & Matheson) provides private office space, classrooms, collaboration areas and conference meeting rooms.

The Location

Innovation & Entrepreneurship Eco-System

Source : infodev.org

idisc.net

Human ingenuity Markets

Social and Economic Wealth Creation

Skills Innovation




Skills Innovation

Policy Regulation

Finance

Business

Infrastructure

Entrepreneurs

Technology Parks

Incubators

Academia

Human ingenuity

Skills Innovation


Markets


idisc.net




Skills Innovation

Policy Regulation

Finance

Business

Infrastructure

Entrepreneurs

Technology Parks

Incubators

Academia

Human ingenuity

Skills Innovation


Markets

Incubators


idisc.net

Canada’s TEA Score 8.9% - Room for Growth

Source : http://www.internationalentrepreneurship.com

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Business incubators are a leading instrument used by many governments to facilitate technology transfer from public research organizations

Commercial risks pose a greater problem than technical risks when taking R&D results to market, not least because spin-offs are often founded by scientists with technical capacities but without business skills

Business Incubation: a Public Solution to Accelerate Technology Transfer

Tailored Financial Services Critical to Manage Start-Up and Scale-Up Costs

And also: •Syndicated capital from third party investors •Agreements with local banks to test new forms of financing

Co-location of start-ups with mature companies

Natural clustering & collaboration

Entrepreneurs mutually learn & educate

Diversified model of incubation + office rentals

Strategic mix of public funding & private investments

Strict entry criteria

Critical Success Factors for Incubators

Investors & seasoned entrepreneurs leveraged as mentors

Strong management monitoring mentors, companies, processes

Lean & cost effective incubation program, optimal use of resources

For-fee service screens out insufficiently commercialized candidates

Climate of collaboration & networking from the start

Critical Success Factors for Incubators (cont’d)

Number of tenant clients within the incubator

Evaluation of services by incubator clients

Growth in the number of applicants

Number of companies that successfully graduate

Percentage of incubator graduates that stay in the community

Number of jobs created

Performance Indicators & Success Criteria

Revenue of companies being served

Incremental tax revenues generated by clients and graduates

Level of community support for and from tech businesses

Capital raised by companies being served

Grants received by companies being served

Performance Indicators & Success Criteria (cont’d)

Cloud

Big Data & Open Data

Internet of Things

Bio-Medical Devices (fitbit, Apple Watch etc…)

Automation (home & car)

Target Hot & Trending Industry Focuses

Business – Enterprises | Service Providers | Professionals

Investors – Gov’t Funding | Angel | Venture Capital

Key Partners

Thank You! Feedback?

Björn Kingsley

Rubicomm

[email protected]

Jason Lavigne

Black & White Logic Inc.

[email protected]