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Context
Innovation model determines program goals and strategies Innovation Model: Academic
IDEAS RESEARCH BREAKTHROUGHS DEVELOPMENT TECHNOLOGY COMMERCIALIZATION UNIVERSITY/GOVERNMENT LABS INNOVATION COMMERCIALIZATION PRIVATE SECTOR
The Role of Accelerators in Global Innovation Networks: Impact of - - PowerPoint PPT Presentation
The Role of Accelerators in Global Innovation Networks: Impact of - - PowerPoint PPT Presentation
The Role of Accelerators in Global Innovation Networks: Impact of the CAIP Program Preliminary Findings Mark Robbins and Jeffrey Crelinsten Context Innovation model determines program goals and strategies Innovation Model: Academic RESEARCH
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Context
Source: Steinmetz and Spack (2009)
- The Innovation “Valley of Death”
- Innovation Intermediaries
- Technology Transfer Offices
- Research/Science Parks
- Incubators
- Accelerators?
- ICA Survey
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4
SHAREHOLDERS $ SALES $ $ EQUITY $ INVESTMENT $ DEBT $ FINANCING
$ COSTS $
Pricing
FEEDBACK NEEDS
INNOVATION COMMERCIALIZATION
Customer Needs Ideas For Solutions Research And Development Manufacturing Services Operations Sales Customer Relations Distribution Buying Customer Fulfilment
$ GOVERNMENT $ GRANTS
Innovation Model : Reality
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SME Revenues vs. Time
1 10 100 1000 10000 100000 5 10 15 20 25 30 35 40
10% 20% 30% 40%
Revenue ($M) Years
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Incubator/Accelerators in Canada
Source: The DEEP Centre
- An estimated 146 in 2015, likely higher now
- Canada Incubator and Accelerator Program (CAIP)
- Launched in 2013
- NRC/IRAP
- 16 Participant Organizations
- $60 million allotted (rising to $100m)
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Goals and Processes
- Establish a “Critical Mass”
- Increase amount of services
- Increase scope of services
- Improve success rate
- Wealth creation
- Boost ‘Top’ Innovation Intermediaries
- Variable size
- Different areas of focus & locations
- Range of missions
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Strengths of the Model
- Selecting Winners
- Policy Isomorphism
- Induced Competition
- Sharing Best Practices
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Challenges
- High Reporting Requirements
- Roll Out Rigidity
- Asymmetric Reporting Ability
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Other Lessons
- Matching funding
- Global Innovation Networks
- Nurseries for Multinationals?
- Keeping Jobs in Canada
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