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Evolving the Innovation Ecosystem

Edmonton Innovation Ecosystem Community MeetingMarch 7, 2019

Welcome

Cheryll WatsonInnovate EdmontonEdmonton Economic Development Corporation

Edmonton Innovation Ecosystem Community (EIEC)

Collaborate to Evolve and Improve

the Edmonton Innovation Ecosystem

AB Artificial Intelligence

Steering Committee

Work Nicer

Team Alberta Innovation Coalition (TAIC)

Alberta Innovates

Amii

Health City

RainforestAB - YEG

Edmonton Advisory Council on Startups(EACOS)

Alberta Enterprise Corp

Talent Advisory Council on

Technology (TACT)

ERINNAIT, NABI, TEC Edmonton

(2016 – 2019) Startup Edmonton (2019 - )

Who is the Edmonton Innovation Ecosystem Community

EVERYONE… that wants to take an active role in creating

a thriving and effective Edmonton innovation

ecosystem

Post-Secondary Institutions

Concordia, McEwan, NAIT, UAlberta, Kings, Norquest

Pitchfest

Technology AlbertaAlberta

Women Entrepreneurs

Business Link

Chamber of Commerce

City of Edmonton

Futurepeneur

Government of Alberta

Valhalla Angels

VMS

Tech Entrepreneurs

& Founders

Cheerleaders & Supporters

Established Business Leaders

Sprout Fund

A100

3:00 – 3:15 pm Gather & Welcome

3:15 – 3:40 pm Innovation Strategy Timeline & MeasurementTable discussions

3:40 – 4:20 pm YEG Innovation Compass – Chris Henderson, ZGMEntrepreneur Engagement plan & progress

4:20 – 4:30 pm Wrap-up Next Mtg, Announcements, Rogers Suite Ticket Draw

4:30 – 5:30 pm Networking & ConversationChris Henderson will be available for conversation

Agenda3:00 – 5:30 pm

Evolving the Innovation Ecosystem – 2019 Timeline

December2018

July2019

December2019

April 2019

October2019

December 2018

Engage Prioritize Strategy Implement / Pivot Assess Measure

*Potential pillars based on common ecosystem assets; dependant on entrepreneur feedback

Engage: Critical Paths1. Full Scale Entrepreneur Engagement2. Edmonton Advisory Council on Startups (EACOS)3. Startup Genome – Program Assessments

Strategy: Pillars*1. Talent2. Mentorship3. Investment4. Market/Customers5. Community6. Infrastructure7. Policy

Implement1. New Programs2. Program Changes3. Policy Recommendations4. Real Estate

Measure1. Startup Genome – Stage of Ecosystem2. Program Net Promoter Scores (NPS)3. Annual Economic Impact Survey (EEDC/TEC)

4. Canadian Business Accelerator Incubator measures (BAI)

5. RainforestAB Annual Summit Scorecard

Ongoing Community, Shareholder, Stakeholder, Partner Engagement

Edmonton Innovation Ecosystem Measures of Success

Ecosystem Measures 2018 Results 2020 Target

Ecosystem Value $77 Million $140 Million

Startup Output 100 - 250 400

Early Stage Funding per Startup $60 Thousand $100 Thousand

Foreign Customers 36% 40%

Annual Rainforest Scorecard 643 800

At Your Tables Discuss & Report Out

• Is this timeline realistic?• What questions do you have?

• Pls provide feedback on measures• What else should we be measuring?

Notetaker & Spokesperson

YEG Innovation Compass

Chris Henderson, ZGM Modern Marketing Partners

Pilot: December 12 – 15, 2018• 4 sessions, 38 participants• Validate engagement methodology

YEG Innovation Compass Launch, February 25, 2019• 5 sprint periods• Entrepreneur hosted sessions, community

facilitated sessions, 1:1 phone interviews, office hours, on-line platform

Principles We Built The Engagement On

• No predetermined outcome or path

• Entrepreneur-led hosted

• Third-party run

Pilot - Initial ThemesStrengths

• Edmonton is home

• UAlberta is a driver

• YEG is the right place at the right time

• We are at a tipping point

Pilot - Initial ThemesAreas of Focus Moving Forward

• Programs are not delivering value• Lack of entrepreneur leadership &

connectedness• Funding programs are hard to

access

• Access to new customers and markets

• Lack of local customer support• Access to capital is challenging• Changes in economy impacting

supply-demand

Over To YouThere are Two Sheets on Your Table With Three Questions:• Based on the mini-summary, what do you believe are the most important areas of focus for this

ecosystem to thrive?

• What have you seen in other jurisdictions that we should consider here?

• Give us general feedback on the programs offered in the tech-enabled ecosystem (Startup, Edmonton Research Park, TEC Edmonton, etc)?

Over To YouAt your table:• Split into groups of five

• Assign a notetaker for your group

• Take 5-7 minutes with each question

• Leave the sheet at your table so we can collect them

Announcements

3 minute updates

Rogers Ticket DrawTickets to join us in the Rogers suite for the Edmonton Oilers vs. Anaheim Ducks game

Saturday, March 30th 8:00 p.m.

Next Meeting – Thursday, April 11th

Topics• YEG Innovation Compass - Sprint Results

• Spring City Budget Review – Innovation Investments

• TEC Edmonton – Data driven program development

Feedback is a gift. Please be generous and leave constructive suggestions on how we can continue to make these meetings better using the cards on your table. Thank you.