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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
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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In partnership with the World Greenism Investment and Trade Promotion Association (WGITPA) and the China Hi-Tech Industrialization Association (CHIA), the Canada International Economic and Cultural Exchange Association (CIECEA) is launching the first Canada-China Green Investment Business Forum in Toronto on 27 and 28 May 2011.

In addition to potential opportunities for Green investment in China and Canada, this event is also an excellent chance to network with others in the Green industry.  Many key players and authorities will be in attendance including government officials, policy makes, experts and entrepreneurs in the field as well as utility companies, energy equipment companies and cleantech companies.

Throughout the event there will be panel discussions on various topics including the U.N.’s report on “Global New Green Deal” as well as business matching and networking sessions.  Keynote speakers for the event include:

  • Andrew Bowerbank, a respected authority on green buildings, industrial design and low-carbon economics.
  • Nicholas Parker, the chairmen of Cleantech Group LLC.
  •  Peter A. Bruijns who has guided numerous biotechnology start-up companies and has a degree in Mechanical Engineering and an MBA from the Ivey School of Business
  • Robert C. Kay, a seasoned corporate director and advisor with extensive experience in international commerce.
  • Stephen Somerville, the Vice President of a U.S. based Greenfield development asset management and transaction execution company, Competitive Power Ventures (“CPV”).

For more details and registration information please visit www.ccgibf.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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On Wednesday, June 15th, RIC Centre will be hosting the finale of the Growing Your Business breakfast series of the 2010/2011 season.  We are proud to bring back the very successful Innovator Idol for the third straight year.

Four emerging companies will have their chance to pitch their business to a panel of industry experts. If you would like to particpate the application deadline is May 26 at 4 p.m. For applications and more details please visit www.riccentre.com or contact Jasmeet Duggal at jasmeet@riccentre.com.

A panel of experts will provide feedback on individual presentations  and business plans and with that influence; the audience will get to select the winner.  If you would like to have an impact on which company will be selected to win thousands of dollars worth of cash and prizes please join us for Innovator Idol III.

Entrepreneurs will have the unique opportunity to see what goes into a good business pitch and hear tips and tricks from experts on how to make their own presentations more successful.  Potential investors will have the chance to listen and compare multiple investment opportunities.

Innovator Idol III will take place June 15th, 2011 at the Noel Ryan Auditorium, Mississauga from 8:30am to 11:00am.

Registration to the event includes parking and breakfast. For more details and to register visit www.riccentre.com or contact Jasmeet Duggal at jasmeet@riccentre.com.

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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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Join Partners in Project Green and the Supply Chain and Logistics Association Canada (SCL) for an evening of sustainability focused networking in the Pearson Eco-Business Zone.

The evening will include a panel discussion with business leaders from the logistics sector, highlighting the successes and lessons learned as they go along their respective sustainability journeys.

Bob Armstrong, President of SCL will moderate the discussion, and the panel members will include Robert Boutin, Senior Advisor Corporate Social Responsibility, Canada Post and Brad Chittick, Associate Vice-President, Supply Chain Major Projects, Canadian Tire. and Andrew Gustyn, Corporate Sustainability Manager, Unisource.

Plus the evening will also include a tour of Toronto’s first LEED certified hotel.

Date: Thursday, April 14th, 2011
Time: 5:30 p.m. to 8:30 p.m.
Location: Hilton Garden Inn Toronto Airport, 3311 Caroga Drive, Mississauga
Cost: $15 PPG / SCL members – $30 yet-to-be members (includes hors d’oeuvres). 

Register Here.  If you have any questions please contact Mirissa Caldarolo at mcaldarola@sclcanada.org

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A newly-established company, GreenMantra Recycling Technologies, has targeted plastics recycling, a major, long-standing challenge to community recycling programs. In Ontario alone, some 235,000 tons of plastic waste are generated annually, of which only 58,000 tons are recovered, noted Brandon Moffat, GreenMantra’s vice-president of development.

Incorporated in Canada in January 2010, the company’s technology is the result of seven years of research in India by founder and CEO Pushkar Kumar, a metallurgical engineer. The proprietary, patent-pending process derives a variety of industrial-grade waxes, greases and lubricating oils from high- and low-density polyethylene and other plastics. Its pilot-scale reactor converts close to 100% of the carbon input and generates no greenhouse gas emissions. The end products are used in manufacturing applications such as automotive waxes, packaging, emulsions, adhesives, candles and cosmetics.

In less than two years of operation, GreenMantra has sold over 300 kilograms of wax-based products, and is continuing research to expand the range of plastics it can recycle and to optimize the reactor size to achieve the highest level of cost-effectiveness for the process, Moffat noted.

GreenMantra was recently recognized by the Canadian Innovation Exchange as one of Canada’s hottest companies in the clean technology sector.

More information is available on GreenMantra’s Web site, www.greenmantra.ca.

Using GreenMantra as a case study, FRED’s Fred Hausmann and Stewardship Ontario’s Lyle Clarke offered observations regarding how this emerging company would fit into their respective programs. They were  panelists at the last Growing Your Business seminar “Turning Research into Dollars” hosted by the RIC Centre and OCETA.

In evaluating GreenMantra’s eligibility for funding and tax credits (particularly through the SR&ED program), Hausmann said he would be focusing on the split between the technical work done in Canada and that done in India. He also noted that the company would be best advised to claim source credits monthly, rather than annually, to reflect funding for work done at the time of completion. GreenMantra would likely qualify for a number of other government support programs, both federal and provincial, such as forgivable loans, Ontario’s Innovation and Development Fund, or the federal Sustainable Technology Development Canada program.

Clarke saw GreenMantra’s service as an excellent fit with Stewardship Ontario’s mandate, as it plays into one of the most difficult-to-recycle materials, he noted. A great deal of innovation in turning recyclables in to valuable commodities is coming out of Southeast Asia, with much of the innovation addressing the recycling of plastic film. More work, however, is needed in the area of plastic composites, he said.

The “Turning Your Research into Dollars” seminar was presented by the R I C (Research, Innovation, Commercialization) Centre, in partnership with OCETA, the Ontario Centre for Environmental Technology Advancement. More information is available on the R I C or OCETA Web sites, www.riccentre.com, www.oceta.on.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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Finding and developing new business opportunities in the recycling sector is crucial to enabling Stewardship Ontario to fulfill its mandate of establishing, funding and operating recycling programs for a growing range of materials.

Lyle Clarke, the not-for-profit organization’s vice-president for innovation and the Blue Box, said Stewardship Ontario is constantly seeking industry partners to help build and improve the province’s recycling system, and uses the funds it collects from industry stewards to promote best practices and invest in the system.

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

Its crown jewel is Ontario’s renowned Blue Box program. Launched in the 1980s to divert paper and paper packaging from landfills, the iconic Blue Box today graces curbsides worldwide. But has it become a “stale brand” in the current push to create a greener economy?

Clarke doesn’t think so. He said a commonly-recognized, yet still well-regarded brand that has lost a little of its novelty luster can indeed make a comeback if it still has underlying value and can take advantage of emerging trends to find a new market value.

And the Blue Box can certainly lay claim to underlying value, with its 95% participation rate, unmatched user convenience, breadth of scope, and economic and environmental efficiency, he said. Moreover, the trend in public opinion and a number of resource, economic and environmental drivers are increasingly working in favor of the Blue Box system.

Consumers, aware that their purchasing decisions can be part of the problem or part of the solution, are driving the move toward product sustainability, while rising energy costs and greenhouse gas emissions are driving the need for supply chain sustainability, Clarke explained. At the same time, higher commodity prices have increased the demand for recyclable materials.

Technological innovations are creating new opportunities in the recycling sector, and Stewardship Ontario is looking at the full material recovery/re-use cycle to determine where the best opportunities lie. At this point, the secondary materials sorting and raw material extraction stages are seen as offering the greatest potential. Multi-material packaging is another priority issue, as it offers inherent value but is still difficult to recycle.

Stewardship Ontario has the funds to help support the commercialization of business ideas that will contribute to the fulfillment of its core objectives, although it can offer other types of support as well, Lyle noted.

More information is available on Stewardship Ontario’s at www.stewardshipontario.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.

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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