Idea to Innovation With my Reading Glasses On

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Idea to InnovationWith my Reading Glasses On

• Beverley Sheridan
• Director
• Institute of Applied Scientific Research
• Mount Royal College
• bsheridan_at_mtroyal.ca

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The Review Process

• Current Committee
• Mr. Andrew Abouchar - (VC London Ont.)
• Dr. Alex Navarre (ILO Director Western)
• Dr. Joe Paradi Prof. Engineering U of T
  (former Entrepreneur)
• Dr. Bob Reichert IRAP ITA Ottawa
• Dr. Jack Rosenfeld Prof. Medicine McMaster
• Dr. Monique Lefebvre Executive Coach
• Ms Beverley Sheridan MRC/Technology NOW

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The Review Process
The Committee
Eclectic group - lots of varied
experience Different viewpoints and know-how
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Goal of the Committee
Fund the Gap

• looking for commercial winners based on solid
  science
• ensure taxpayer are spent wisely

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Goal of the Committee
We ask a lot of tough business oriented
questions We are not here to support basic
research
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If You Apply

• The usual rules of grant writing apply
• Objectives are clear
• References are current
• Writing is of high calibre

Show Evidence that you can protect the idea or
device
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If You Apply
I2I is a Partnership Program
Is it evident in your application?
Start working on your partnerships before you
start Writing your application
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Corporate Partner
Letters of Support
Vital Component
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The Application

• Rushed applications leap out
• Give Your Office Technology Transfer
• sufficient time to review and comment
• They are there to help you let them

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The Application

• Why We Reject
• Too early
• Show me the proof-of-concept!
• IP unprotected or strategy not sound

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The Application

• Why We Reject

Weak or Non-existent Commercialization Strategy

• Whats the Product?
• Who Cares?
• Whats the Value Proposition?
• Whats Your Execution Strategy at This
  Point in Time?

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Summary

• It may be great science but unless that science
  makes business sense we dont fund

• I2I Works Well and Fills a Need
• We have seen some amazing stuff
• Hope to see more