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Archive for the ‘Growing Your Business’ Category

By Cheryl Lindsay

RIC Centre is pleased to announce that it has selected four innovative companies from a large pool of applicants for this year’s Innovator Idol III. And the finalists are:

Carmel Vision
Carmel Vision (CV) is a Toronto based software & hardware development company focused on delivering fresh and innovative solutions to address information overload.   CV was founded in 2004 and has an existing user base of 600 customers. The company’s goal is to offer technologically superior, yet affordable products that let users regain control of their data saving time wasted on searching and organizing.

Induce Biologics Inc.
Induce Biologics
is a regenerative medicine company focused on developing devices combining growth factors and biomaterials to induce the body to regenerate itself – specializing in regenerative medicine, recombinant growth factor and osteogenesis.

Isobarex
Established in 2008, Isobarex develops innovative technologies enhancing the detection of radiotracers and expanding their applications in biomedical research and nuclear safety and security. The technology allows measuring important radiotracers with unprecedentedly low limits of detection.

Rivalries Corporation
By combining some of the traditional plastic processing technology with its modified intrusion and insert intrusion technology, Rivalries Corporation has been successful in developing a sample product offering that creates a cost-effective, sustainable, and marketable final product. Rivalries technology allows one to take a waste stream and convert it into a useful set of products that are durable, waterproof, insect- and rot-resistant, non-toxic, and cost-effective.

Click to learn more about Innovator Idol III.  It takes place on June 15th, 2011 from 8:30AM-11:00AM at the Noel Ryan Auditorium (301 Burnhamthorpe Rd. W., Mississauga). Registration for the third annual Innovator Idol is now open. Seating is limited! Register today.

Cheryl Lindsay is an undergrad student and the University of Toronto, Mississauga.  She is currently enrolled in the CCIT program pursuing a specialist in Digital Enterprise Management.  Cheryl is a student intern with the RIC Centre acting as Assisting Communications Officer.

The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers pro vide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.

 

 

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By Jasmeet Duggal

For the life science community, the BIO International Convention is an annual event that provides a global platform to showcase its talent.  I had the pleasure of attending the BIO 2011 Industry Liaison Meeting in Toronto yesterday. Among the attendees was the Minister of Research and Innovation, Glenn Murray, who shared his vision to ensure a prominent Ontario presence at BIO 2011.

The theme of this year’s pavilion was introduced as Innovation in Healthy Aging, with a focus on job and investment, international initiatives, philanthropy, and research and commercialization.

BIO International Convention takes place in Washington, D.C. from June 27th-30th.

Several examples were presented at the meeting to highlight the pavilion theme; once  was of Profound Medical Inc. – seen as an innovator in the Ontario life sciences industry. Profound Medical  produces a minimally invasive medical device that combines ultrasound thermal therapy with the imaging capabilities of MRI to treat prostate cancer.

Profound Medical, Inc.’s CEO, Paul Chipperton, will be a panelist at the May 12th Growing Your Business Seminar. Having been a successful entrepreneur in the biotech start-up business, Paul will bring to the conversation his insights on negotiating the perfect term sheet. Click here to register for the session.

Jasmeet Duggal is graduate student pursuing a Master of Biotechnology from the University of Toronto. She is currently the Communications Officer for the RIC Centre, a role which has allowed her to engage in the start-up culture, instilling an understanding of entrepreneurship and business development. With her expertise in the life sciences, she hopes to pursue a career in technology transfer to bring innovation in the life sciences to market.

The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers pro vide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.

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By Cheryl Lindsay

Is your business looking for tips and advice on raising capital and investor relations?   This is the Growing Your Business session for you!

The RIC Centre is looking forward to the next Growing Your Business breakfast session on Thursday May 12th: “Raising Capital – Negotiating the Perfect Deal.”  This session will discuss the importance of securing an investor and negotiating the term sheet of the proposed investment.  The panellists will share tips on the best practices when it comes to negotiating a term sheet.

Among our panellists this month will be Paul Chipperton, an experienced entrepreneur in the life sciences industry.  Currently, Paul is the CEO of Profound Medical Inc., a medical devices company that focuses on the treatment of Prostate Cancer through cutting-edge MRI and Ultrasound technologies.  Paul has led the company to multiple awards including the Ontario Premier’s Catalyst Award for “Best Start-Up”.

Paul has many years of experience in investor relations, strategic development and new product development with a number of companies including PerkinElmer and CRi & Beckman-Coulter.  His current specialities include securing financing and building commercial relationships.  We are looking forward to his insight into the world of investor relations and negotiations.

Join us for  Negotiating the Perfect Deal at our “Growing Your Business” breakfast event series 7:30 to 10 a.m., Thursday,  May 12 at the University of Toronto Mississauga’s Faculty Club .

Pre-Registration $25, Pay at Event $30 (covers breakfast and parking). To register, visit http://www.riccentre.com.

Cheryl Lindsay is an undergrad student and the University of Toronto, Mississauga.  She is currently enrolled in the CCIT program pursuing a specialist in Digital Enterprise Management.  Cheryl is a student intern with the RIC Centre acting as Assisting Communications Officer.

The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers provide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.

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Securing an investor is an important aspect of growing your business. For early stage companies seeking financing, the term sheet will outline the key terms of the proposed investment. Sharing company equity with a VC is a negotiable challenge. In this seminar, the panelist will outline the basics of terms sheets, and share best practices with entrepreneur when it comes to negotiating a term sheet.

Join us for Term Sheets – Negotiating the Perfect Deal at our “Growing Your Business” breakfast event series 7:30 to 10 a.m., Thursday,  May 12 at the University of Toronto Mississauga’s Faculty Club

Guest Speakers:

Eric R. Klein, Partner, Farber Financial Group  is the Leader of Klein Farber, the Corporate Finance & Transactions practice of Farber Financial Group. Eric’s practice focuses on providing value-added financial advisory services to mid-market companies. Eric focuses on complex mergers, acquisitions, divestitures, business valuations, strategic partnerships, exit and succession planning, and financings as well as joint ventures of mid-sized Canadian corporations. A consummate negotiator, Eric works with all parties to obtain the best possible outcome for his clients in transactions. He is a frequent lecturer and speaker on corporate finance and entrepreneurship and is involved in various charities.

David Pamenter, Partner, Gowlings,  is the National Leader of Gowlings Technology Industry Group and specializes in business law and practices in the Toronto office. He has more than thirty years of experience in private financings (including venture capital financings), M&A and technology licensing. He advises a wide spectrum of domestic and international clients on matters of both a day-to-day and a strategic nature. David has represented clients on a diverse range of transactions including commercialization of intellectual property. David is active in the Intellectual Property, International Law and Small Business Committees of the Section of Business Law of the ABA.

Paul Chipperton, CEO and Co-founder, Profound Medical Inc.,  is responsible for all aspects of the corporate and operational advancement of the company. He has significant successful international biotech “start-up” and New Product Development (NPD) management experience, and has previously led Business Development & Marketing with a number of companies, most notably CRi & Beckman-Coulter, PerkinElmer, and DNAGenotek. He is also a co-founder and Board member of InDanio Bioscience Inc, and a guest lecturer at both McGill University and University of Toronto on managing innovation and entrepreneurship in the Life Science sector.

The Research Innovation Commercialization (RIC) Centre hosts the 10-event series, which runs from September to June 2011. Gowlings is the session sponsor.

For a complete schedule visit riccentre.com

Pre-Registration $25, Pay at Event $30 (covers breakfast and parking). To register, visit www.riccentre.com.

For more information, contact Jasmeet at  289-373-3050 or by email at jasmeet@riccentre.com

The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers provide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.

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Emerging environmental companies, long on innovation but short on capital, have potential access to more than 150 government funding, incentive and rebate programs. The key, says consultant Fred Hausmann, is to navigate the maze of programs to ensure that these entrepreneurs receive the maximum possible support to advance their products or services and grow their firms.

Hausmann was one of the panelists at the last Growing Your Business seminar “Turning Research into Dollars” hosted by the RIC Centre and OCETA.

FRED is particularly focused on obtaining the full range of tax credits available to companies through the Scientific Research and Experimental Development (SR&ED) tax incentive program. Administered by the Canada Revenue Agency (CRA), it is the largest single source of federal government support for industrial research and development. Companies can recoup up to 68% of eligible R&D expenditures.

In recent years, there have been some notable trends and changes in the SR&ED program, Hausmann observed. There has been an increase in the number of auditors and audits of applicant companies, and new application forms have been introduced, requiring briefer descriptions of the applicant’s product or technology and a more streamlined risk analysis outline.

At the same time, more supporting documentation is sought. This can be a challenge for smaller, entrepreneurial companies whose focus on innovation may leave little time for reams of paperwork.

Inadequate or incomplete documentation is often one of the main reasons a company’s SR&ED claim may be rejected by the CRA. Hausmann pointed out that the difficulties and setbacks encountered in developing or advancing innovative technologies, products or processes need to be as thoroughly documented as the successes. This will give the CRA a full picture of the R&D process and its prospects.

For more informationvisit www.fredgroup.ca.

Join us for Business Valuation – Busting the Myths: How do Investors Value Your Business at the  next Growing Your Business breakfast event series 7:30 a.m. to 10 a.m., Thursday April 14th at the University of Toronto Mississauga?s Faculty Club.

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For technology start-up companies, it is essential to see revenue generated through research activities. Programs like SR&ED and other industry specific funds can provide invaluable support to help companies grow. In this seminar, we will discuss tips and strategies to leveraging different sources of funding to aid in successful commercialization through the analysis of a live case study.

Join us for Turning Your Research into DollarsGrowing Your Business” breakfast event series 7:30 to 10 a.m., Thursday March 10, at the University of Toronto Mississauga’s Faculty Club

Our guest speakers include

Fred Hausmann
Managing Director, Funding Research and Development Group Inc.

Lyle Clarke
Vice-President, Innovation and Blue Box

The Research Innovation Commercialization (RIC) Centre and the Ontario Center for Environmental Technology Advancement (OCETA) jointly host the 10-event series, which runs from September to June 2011. 

For a complete schedule visit riccentre.com

Pre-Registration $25, Pay at Event $30 (covers breakfast and parking). To register, visit www.riccentre.com.

For more information, contact Jasmeet Duggal 905-273-3530 jasmeet@riccentre.com

The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers provide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.

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No business can hope to succeed unless its intellectual property is well protected. Do you know the best strategy to protect your IP? In this seminar our expert panel will cover basics of IP and different strategies to best protect it. We will also look into how businesses can access academic institution IP.

Join us for Intellectual Property: Protecting What’s Yours at our “Growing Your Business” breakfast event series 7:30 to 10 a.m., Wednesday,  February 16 at the University of Toronto Mississauga’s Faculty Club

Our guest speakers include:

Fabio Almeida, Senior Technology Manager
University of Toronto Innovations and Partnership Office,  is a Senior Technology Manager in Physical Sciences and Engineering with the University of Toronto Innovations & Partnerships Office, where he works with researchers, entrepreneurs and investors to commercialize university inventions. He has been an academic researcher and lecturer, a manager of R&D and product development for public companies, and directed several collaborative projects with national labs and multinational companies. He holds a Ph.D. in Physics from Cambridge University, an Executive MBA from the University of Toronto, a M.Sc. in Optics, and undergraduate degrees in Electronics and in Physics.

Grant Tisdall, Partner and Patent Agent, Gowlings Intellectual Property Group,  is a registered patent agent in Gowlings’ Intellectual Property Group, Toronto and Waterloo region offices. Grant drafts and prosecutes patent applications mainly before the Canadian, United States and European patent offices, with an emphasis on drafting originating patent applications for computer software and medical systems. He also advises clients on managing their intellectual property portfolios and coordinating their R&D activities. In addition, he has experience in European oppositions and in preparing infringement, validity and patentability opinions.

Doug Moffat, President and CEO, True Voice Technologies Inc.,  is the founder, President and CEO of True Voice Technologies Inc., an innovator of speech enabled solutions for the internet, mobile and telecom industries. Over the past 15 years, Doug founded ConverTec, a telecom software developer on the Nortel Networks platforms and Tomkin Communications a Nortel Networks telecommunication hardware/service vendor. Both companies were successful, had innovative products and services, quality management teams and were pioneers in their respective industry. Doug believes the recipe for a successful high-tech business venture is the combination of blue ocean products, creative talent, correct decision making and the right attitude.

The Research Innovation Commercialization (RIC) Centre and the Ontario Center for Environmental Technology Advancement (OCETA) jointly host the 10-event series, which runs from September to June 2011. Gowlings is the session sponsor.

For a complete schedule visit riccentre.com

Pre-Registration $25, Pay at Event $30 (covers breakfast and parking). To register, visit www.riccentre.com.

For more information, contact Shantanu at shantanu@riccentre.com or at (905) 273-3530.

The RIC blog is designed as a showcase for entrepreneurs and innovation. Our guest bloggers provide a wealth of information based on their personal experiences. Visit RIC Centre for more information on how RIC can accelerate your ideas to market.

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