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Archive for the ‘Jasmeet Duggal’ Category

By Jasmeet Duggal
Save the Date – Innovator Idol III is Happening June 15th, 2011

This week’s blog series will be highlighting all things Idol, including the finalists, members of the expert panel, and the list of prizes to be awarded to the Star Innovator.

 RIC Centre is ending this season’s Growing Your Business with its grand finale, Innovator Idol III taking place on June 15th, 2011 from 8:30AM-11:00AM at the Noel Ryan Auditorium (301 Burnhamthorpe Rd. W., Mississauga).

Idol is a showcase of innovative companies that will pitch for a chance to win $40,000 in prizes. The audience will have an opportunity to hear the high-profile panel of judges weighs in with their expert opinions. The final say will be the audience as they will take part in a live polling to select this year’s Innovator Idol III Winner.

First place winner of Innovator Idol II, Temporal Power, is the developer of a breakthrough technology that solves the challenge of accommodating the variability of renewable power generation onto the electrical grid system.

“Innovator Idol provided us with a great opportunity to introduce Temporal Power to an array of different people. There were a lot of investors, entrepreneurs and overall knowledge in the room that we could gain from,” said Cam Carver, CEO of Temporal Power and the first-place winner of Innovator Idol.

Registration for the third annual Innovator Idol is now open. Seating is limited! Register today.

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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Part 2 of the highlights from OCE Discovery 2011  

By Jasmeet Duggal

I recently read an article in the May 2011 issue of Backbone Magazine that emphasized the need to invest more heavily in designing electrical systems (i.e. SmartGrids) that are intelligent.

At OCE Discovery 2011, Michael Pawlyn gave the keynote “Biomimicry – A New Paradigm In Sustainable Design.” Biomimicry looks for sustainable innovations that are inspired by nature. Pawlyn emphasized key transformations harnessed by nature to produce restorative designs: radical increases in resource efficiency, moving from a linear to closed loop model, and shifting from a fossil fuel economy to a solar economy.

Michael Pawlyn

Going back to the article, how can SmartGrids be more intelligent? “What would nature do?” This is the fundamental question that is asked in the discipline of biomimicry.

The Toronto-based firm, Regen Energy, has taken design inspiration from nature and applied it to making SmartGrids smarter. Regen’s flagship technology is a wireless device based on swarm logic. If we think of a chaotic swarm, swarm logic is the ability of a collection of bees to find, most effectively, their food source. Regen’s device allows appliances to talk to each other through a specific algorithm based on this swarm logic. With the intention of minimizing how much power the appliances use, collectively, the device is linked to equipment that cycles on and off to minimize energy use.

Nature is the most educated scientist with over $3.8 billion years of R&D experience. All of its creations are a catalogue of what works and what doesn’t. It is a master of restorative design and a powerful way to innovate to provide sustainable solutions to today’s design challenges.

– Jasmeet Duggal, from the Biomimicry Seminar at OCE Discovery 2011.

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 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 Jasmeet Duggal

RIC Centre is proud to present the final session of the Growing Your Business Season III breakfast series – Innovator Idol III. Four emerging companies will have an opportunity to sell their business idea to a panel of industry experts including investors at the third annual Innovator Idol. The presenters will provide feedback from the panel and winner will be chosen by the audience. The winner will receive thousands of dollars, cash/prizes/in kind contribution by the event sponsors.

If you think your company has what it takes to impress the panel and win over the audience with your pitch, submit to take part in Idol III.

Innovator Idol III:

Date: June 15th, 2011
Time:
8:30 am – 11:00 am
Location: Noel Ryan Auditorium (Cross from Mississauga City Hall)
301 Burnhamthorpe Rd. W.
Mississauga, Ontario
L5B 3Y3

Applicants must complete the application form and submit to Jasmeet Duggal at jasmeet@riccentre.com by May 15, 2011, 4 p.m.

Do you know an emerging company that has the next great idea? Send them this link to Innovator Idol III.

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 Jasmeet Duggal

If it ain’t broke, don’t fix it. In the case of the pharmaceutical industry, the current innovation model needs some fixing. Its traditional approach to innovation focuses on in house development with the intent of market exclusivity; at least until the patent expires. And guess what? Patent expiration is spreading like wildfire.

As Mark Lundie, Director of R&D at Pfizer highlighted at yesterday’s Innovation in the Life Sciences seminar at MaRS, the innovation gap is growing as R&D expenditure is on the rise while productivity remains low. In other words, billions of dollars are spent on R&D of drugs, while the number of drugs brought to market is limited to the digits on your hands.

The seminar discussion focused on utilizing the open model of innovation, already in use by other sectors, in life sciences.

Michael May, CEO of The Centre for Commercialization of Regenerative Medicine defined open innovation as the development of technology that meets environmental stressor or a need where the outcome is a non-zero sum game. The stressor, being patent expiry, for many blockbuster drugs is leading to collaborative initiatives to minimize the innovation gap and increase productivity. Pfizer has undertaken a public-private partnership by embedding their researchers in The Centres of Therapeutic Innovation with Academic Medical Centers to translate science into therapeutic candidates for drug discovery.

Many of the global players in the pharmaceutical industry are established in Canada, making the country well positioned to facilitate public-private partnership. Whether the open innovation model is a true paradigm shift is yet to be established. The bigger challenge is the adoption of this model by Big Pharma.

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.

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