Alberta Small Business Innovation and Research Initiative. Connecting Innovators with the Right Problems

Transcription

1 Alberta Small Business Innovation and Research Initiative Connecting Innovators with the Right Problems

2 GoA Innovation Support Cycle Investment Vehicles Alberta Companies Government of Alberta (MinEDT) Programs Technology Development & Commercialization Outcomes Reporting Outcomes for Albertans

3 Alberta Innovates (AI) Investment Vehicle Applied R&D Technology Development ARC SME Support & Commercialization AI Commercialization Centres Investments Capacity Building Strategic Initiatives Innovation System Support Research

4 Technology Commercialization Curve Programs Tech Comm Curve Investigation Market Entry Demonstration Development Feasibility Growth Programs are designed to support Alberta companies throughout the spectrum of their technology commercialization activities. Time

5 AI Industry Programs (Subset) Programs TRL1 TRL2 TRL3 TRL4 TRL5 TRL6 TRL7 TRL8 TRL9 mvoucher Program Voucher Program Product Demo Program Alberta Small Business I&R Potential Alberta Small Business I&R Pilot hproduct Demo Program How is ASBIR different? cproduct Demo Program

6 AI Industry Programs (Subset) Programs End-user ASBIRI Origin of Challenge PDPs Designed to match SME technology innovation to end-user needs. Technology Developer Vouchers Technology Developer Origin of Solution Enduser How is ASBIR different?

7 Alberta Small Business Innovation & Research Initiative Small Medium Enterprise Defined Challenges Selection Process Large and Multinational Enterprise (End-user) Small Medium Enterprise ASBIR Projects Value to L/MNE Reduced risk / high reward interaction Access to a proven innovation procurement platform Value to SME Opportunity to showcase technology to a potential customer Simultaneous tech and market development Value to Alberta Economic development and diversification Job creation

8 Alberta Small Business Innovation & Research Initiative Large and Multinational Enterprise (End-user) Defined Challenges Selection Process ASBIR Opportunities How do we get HERE? Small Medium Enterprise Small Medium Enterprise

9 Opportunity Development Process 1) End-users 2) Challenges 3) (open-call) 4) Projects 5) Invest End-users Challenges Projects Invest

10 End-user Attributes Preferably a strong presence in Alberta Capability and capacity to actively participate in the Program (skin in the game) Capability and capacity to procure a successful technological solution (not a requirement) High-level of market influence End-users Challenges Projects Invest

11 Challenge Attributes Targeting novel or situation-novel technology solutions, no plug-and-play solutions Tangible within the current operating environment of the end-user Not a one-and-done situation, broader applicability to other end-users is better Must align with GoA innovation priority areas. End-users Challenges Projects Invest

12 Solution Attributes Small-medium enterprise (SME) Is there a feasible business model in place? Does the appropriate internal expertise exist? Is there a viable capital plan in place? Technology Is the technology a likely solution for the challenge? Is the technology at an appropriate technology readiness level for this program? Is there a viable intellectual property strategy in place? Have regulatory hurdles been identified and addressed? Market Is the addressable target market meaningful and significant? What does the competitive landscape look like? End-users Challenges Projects Invest

13 Project Attributes Adherence to Program Rules Contributions, expenses, timelines, etc. Appropriate project team (including key stakeholders/partners) with clearly delineated roles and responsibilities Logical project implementation plan Quantifiable milestones and deliverables (business or technical) Strong understanding of what a successful project would look like and the level of impact on Alberta as a whole End-users Challenges Projects Invest

14 Investment Attributes Funding Envelope Up to $1.0M Gated against milestone achievement Contribution Requirements Up to 75% of the total cost by AITF or other government funding Time Constraints Maximum of 5 years End-users Challenges Projects Invest

15 Targets Near-term (2-6 weeks) One (1) environment-related challenge One (1) health-related challenge Medium-term (2-4 months) Two (2) challenges in any one of the following GoA priority areas: Energy, Environment, Fibre, Bio-industrial, Food, Agriculture, Health Long-term (12-24 months) Multiple challenges as needed

16 QUESTIONS?? Raja Mita, PhD., MBA Director, Alberta Small Business Innovation Program P: (587) E: