Post on 03-Aug-2020
B3: TAKING OFF THE BLINDERS: UNDERSTANDING THAT GROWTH AND THE ECONOMIC ENGINES IN EDMONTON GO WELL BEYOND THE OIL MARKET
Moderator: Kathleen McCabe, Director, Global Corporate Real Estate, Stantec
Panel:
Tiffany Linke-Boyko, Chief Operating Officer, Startup Edmonton Chris Lumb, CEO, TEC Edmonton
Glen Vanstone, Vice President, Trade & Investment, Edmonton Economic Development Corporation
Startup Edmonton
We connect entrepreneurs and product builders
with skills, community and space to support them
as they take ideas to reality. We create collisions -
between developers, designers, makers, founders
and mentors - transforming ideas into companies.
Executive Presentation | Spring 2016
Community 35+ Meetups Commons Member Socials
Hack Days
DemoCamp
Edmonton Startup Week
Skills Startup 101 Preflight Level Up
Space Shared: $125 Dedicated: $325 Suite: $1,400
Students Commons Skill Development
Early integration into the
community
Work for a Startup
Build a Product
PILLAR OVERVIEW
Startup Edmonton
Startup Edmonton
“A successful startup community must be
filled with people who are making a long-
term commitment of 20-plus years and are
able to weather the successes and failures
of entrepreneurs in the community.”
Brad Feld, Startup Communities
EDMONTON REAL ESTATE FORUM MAY 12, 2016
• Chris Lumb
How is Alberta is about more than oil?
WHO ARE WE? • Not-for-Profit Joint Venture
• 60 Staff & Contractors
• One of North America’s best university business incubators*
* UBI Global Inc. 2015 ranking: www.ubi-global.com
TAKE-AWAY MESSAGE
• Growing a technology company is difficult, even if you have support and experience.
• Inventors and entrepreneurs do better when they use community-led incubators / accelerators like TEC Edmonton.
• Good technologies and young companies, being developed by the right team, can secure funding, financing, and profitable sales.
WHY WE’RE DISTINCT
• Structure and Networks – university/city JV, broad community support, entrepreneur-governed
• Metrics – longitudinal outcomes metrics
• HR – experience and movement
TEC EDMONTON CLIENT SURVEY “TEC CLIENTS DO BETTER”*
DESCRIPTION 2011/12 2012/13 2013/14 2014/15 2015/16
Clients Surveyed 77 106 126 128 160
Annual Gross Revenue $73.4M $106.2M $131.8M $160.7M $207.7M
Employment Created Employment grew 25%,
148 new jobs in 49 clients
Employment grew 26%,
245 new jobs in 72 clients
Employment grew 25%,
360 new jobs in 82 clients
Employment grew 26%,
364 new jobs in 83 clients
Employment grew 22%,
413 new jobs in 95
clients
Total Sales
Domestic Sales
International Sales
$61.5M
$33.8M
$27.7M
$73.3M
$43.3M
$30.0M
$98.7M
$66.9M
$31.8M
$119.8M
$77.3M
$42.5M
$130.6M
$89.5M
$41.1M
Financing/Funding
Raised
$29.6M $54.9M $75.7M $72.2M $121.2M
R & D Investment $17.0M $30.6M $38.1M $56.3M $62.1M
Products/Services
Launched
58 in 42 clients 122 in 52 clients 145 in 63 clients 141 in 65 clients 220 in 86 clients
Prototypes Developed 135 in 48 clients 155 in 64 clients 174 in 73 clients 212 in 90 clients 245 in 113 clients
* In comparison to Industry Canada reported benchmark average job growth rates of 10% for
small businesses between 2005 and 2009.
LOGIN RADIUS (1)
LOGIN RADIUS (2)
#1 Incubator
#4 Incubator 2015
#10 Incubator 2014
EXTERNAL RECOGNITION
PARTNERSHIPS (PARTIAL LIST)
TEC HEALTH ACCELERATOR VISION
Vision:
Alberta will be the national leader in health innovation and
commercialization by creating, retaining and growing a cluster
of health based technologies employing highly qualified
personnel.
We are working as the commercialization arm of AI-HS, AHS
and Alberta post-secondary institutions for health technologies
Edmonton: Health City
WHY EDMONTON • top tier medical research universities with world-class national and
provincial research institutes such as:
• Li Ka-Shing Institute of Virology
• Glyconet Canadian Network of Excellence
• Libin Cardiovascular and Mazankowski Heart Institutes
• Hotchkiss Brain Institute and the Neuroscience & Mental Health Institute
• 2 cancer institutes tied to their own cancer hospitals (Tom Baker and Cross Cancer Institute)
• $2 billion health research endowment fund (Alberta Heritage Foundation for Medical Research) managed by Alberta Innovates – Health Solutions
• Single health system servicing 4 million patients working as a “living laboratory” providing access to:
• Clinical trial sites
• Data
• TEC Health Accelerator program (the only province-wide health focused accelerator in Canada) providing a coordinated effort across the province to accelerate the growth of over 200 life science companies.
OUR RESULTS YEAR ENDING SEPTEMBER 2015
Outcomes Health Accelerator touchpoints 171
Accelerated Projects 47
Patent assessments or filings 39
Companies created 4
Prototypes created 2
Regulatory filings and submissions 7
Licensing & distribution deals 11
Products in testing by AHS 2
Grants awarded for clients $4.1M
Equity raised for clients $2.2M
Companies presented to Investment Banks 33
Companies presented to Venture Capital
Funds 7
Companies presented to Industry 17
University researchers (UofA, UofC, UofL) presented to Industry
43
Deals screened 79
Financing forums conducted 17
Activities
- New Jobs: 152 - Financing and Funding: $58M - Total Jobs: 853 - Revenue: $63M
All 69 TEC health clients
CLIENT STORIES:
• Wound-management technology based on a unique silver ingredient
• TEC Centre Tenant
• TEC services provided:
• TEC Centre lab space
• Investor funding
• Strategic direction and mentoring
• Marketing strategies
OUTCOMES:
“I can’t say enough about how TEC hung in with Exciton. TEC helped us find investors, provided strategic direction, mentoring and the TEC Centre space complete with labs and the flexibility to expand.”
Rod Precht, Founder & President
• $1.3 Million in sales in 2014
• On track to gross $5 Million in 2016
• Grown from 2 employees in 2008 to 20 today
The Myth of Trade
Glen D. Vanstone Vice-President
Edmonton Economic Development Corporation
23
24
25
26
27
The Universal Truths
28
29
30
31
32
33
Made in Edmonton
34
The Truth of Trade
Glen D. Vanstone gvanstone@Edmonton.com
780.904.6290
35
Questions & Discussion
B3: TAKING OFF THE BLINDERS: UNDERSTANDING THAT GROWTH AND THE ECONOMIC ENGINES IN EDMONTON GO WELL BEYOND THE OIL MARKET
Moderator: Kathleen McCabe, Director, Global Corporate Real Estate, Stantec
Panel:
Tiffany Linke-Boyko, Chief Operating Officer, Startup Edmonton Chris Lumb, CEO, TEC Edmonton
Glen Vanstone, Vice President, Trade & Investment, Edmonton Economic Development Corporation