FPTT

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FPTT
David Cox, CEO June 2nd, 2008
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TEC Edmonton The Genesis
2004
2006
Industry Liaison Office
Deal Generator, Venture Prize
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TEC Edmonton The Genesis
2008
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TEC Edmonton Programs
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TEC Edmonton Programs
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Organizations 101

• First make sure you are doing the right things.

(Effectiveness)
And then try to do them right
(Efficiency)
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Doing the right things Understand your reason
for existence

• The core purpose of the JV is to capture more of
  the value of RD occurring in the region, for the
  region

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Doing the right things Get our priorities
straight

• Transfer inventions from local researchers to
  local companies
• Create new companies in the region
• License inventions to companies outside the
  region
• This is a significant departure from normal
  practice

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Doing the right things

• We have begun to cast the net wider to increase
  the supply of the key ingredients
• Intellectual Capital
• Deal flow
• Human Capital
• Financial Capital
• Facilities
• Social Capital (connections)

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Doing the right things

• We have begun to cast the net wider to increase
  the supply of the key ingredients
• Intellectual Capital
• Deal flow
• Human Capital
• Financial Capital
• Facilities
• Social Capital (connections)

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Intellectual Capital Deal Flow

• research invention
  disclosure technology evaluation
  market research
• protection
  commercialization license
  strategy
  technology

Local company
Start up
Foreign Company
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Sponsored Research Funding _at_ UofA (Millions)
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Cast the Net Wider Intellectual Capital

• Now working with inventors from outside the
  University of Alberta
• 1st time ever
• New business relationships to increase deal flow
• BioAlberta (Industry association)
• TR Labs (Telecomms research consortium)
• Capital Health
• National Institute for Nanotechnology
• Alberta Research Council
• The Business Link

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Tech Transfer The Results

• 100 new inventions per year
• 45 are patented
• 28 new licenses
• About half to local cos or start-ups
• 1M/year in license revenue

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Spin-off Companies

• 71 active spinoffs
• Over 1,000 highly skilled employees
• 8 publicly traded firms
• 1B market cap
• 86 of spinoffs are based in Alberta
• 83 headquartered in Edmonton

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New Start-up Companies
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New Start-up Companies
Not UofA spinoffs
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New Start-up Companies
Incorporated
TEC Edmonton takes an equity Position in all
portfolio companies
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Human Capital 1. Beefing up the Company
Development team

• New CEO is former public company CEO
• New Vice-President Finance Admin is ex-EPCOR
• Vice-President Company Development successful
  woman entrepreneur
• 4 Market/financial analysts
• In-house legal counsel (QC)
• Deal Generator run by experienced serial
  entrepreneur
• TECSource run by former banker
• 35 staff in total

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Human Capital 2. Executives for our start-ups

• Executives-in-Residence are key to our success
• Randy Yatscoff
• Robert Murakami
• Shaheel Hooda
• Cameron Shuler
• Network of mentors/consultants
• Search firm retained to source CEOs for our
  portfolio companies

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Cast the Net Wider Facilities

• Give our start-ups a home
• TEC Centre
• Nourish them
• Company Development services
• Extend our reach new alliances with
• Edmonton Research Park ATC
• National Institute for Nanotechnology
• Northern Alberta Business Incubator
• NAIT Duncan McNeill Centre for Innovation

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Cast the Net Wider Facilities

• We moved off campus in December 2007
• Occupy entire 4th floor of prestigious Enterprise
  Square
• 90M redevelopment of former HBC department
  store
• U of A (49M)
• Province of Alberta (15M)
• Government of Canada (15M)
• City of Edmonton (7.5M)
• TEC Edmonton and 21 commercial tenants

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Enterprise Square
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(No Transcript)
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Financial Capital Prepare them, polish them,
present them

• Groundbreaking new AHFMR grant
• Unique Funding Agency Consortium
• Deal Generator
• VenturePrize
• 200,000 in prizes each year
• First Alberta seed fund announced Q1, 2008
• UofA is a Limited Partner

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Doing Things Right

• Business savvy and experienced management team
• Sound strategic plan and business processes
• Solid financial management and controls
• 2007/08 revenues (5.2M) matched by expenditures
• Received clean first-ever audit
• Contemporary governance
• Private sector led Board
• Governance based on TSX model

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www.TECedmonton