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This presentation highlighted the important role of immigrants participating in and contributing to the entrepreneurial ecosystem in Canada. Given the interests of the audience, the focus was on engaging and educating foreign engineers on entrepreneurial opportunities in the cleantech sector in Ontario, specifically those related to alternative energy initiatives enabled by the Ontario government feed-in-tariff program. The presentation was given at the 2012 Conference for International Engineers in Toronto at the MaRS Discovery District.
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Conference for International Engineers Toronto, Ontario Presented by Don Duval March 30th, 2012
1. Provide an overview of MaRS, our mandate, and
the programs we offer to meet the needs of our entrepreneurial community
2. Discuss the “state of the union” for the cleantech sector and the role Canadian entrepreneurial ventures are playing to address complex global problems
3. Provide an opportunity to address any questions
you may have
2
MaRS is a non-profit innovation centre connecting science, technology and social entrepreneurs with business skills, networks and capital
MaRS helps to create successful global businesses from Canada’s science and technology
Mission
Who we Serve
Early stage science and technology ventures and innovative social purpose businesses
Measure of Success Job and wealth creation for the economy
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Competing is one thing… Winning
is another!
At an average of only 3.3 people per square km, Canada has one of the lowest population densities in the world.
How do we Compete?
33 300 1.1 1.3 Million People Million Billion Billion
VS.
but few people… Big Country
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The importance of
Place History and
pg 8
“…incubator, conference centre, education institute, entrepreneurs !
clubhouse, research centre, entrepreneurial services and programs - all under one roof…” !
Individual Entrepreneurs
Inventors
Angels
VCs
Banks
Philanthropists
Proof of Principle Grants
Pre-Seed Funds
Small/Medium Sized Business
Large Corporations
Incubator Companies
Research Hospitals
Universities
Individual Scientists
Sector-based Organizations
Regional Innovation Organizations
Government
Service Providers
Industry Associations
Angels
VCs
Banks
Philanthropists
Proof of Principle Grants
Pre-Seed Funds
Small/Medium Sized Business
Large Corporations
Incubator Companies
Research Hospitals
Universities
Individual Scientists
Sector-based Organizations
Regional Innovation Organizations
Government
Service Providers
Industry Associations
Individual Entrepreneurs
Inventors Generating Purposeful Collisions “ “
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Phase I"Phase II"
Building Next Generation Startups
Improving Commercialization
Output from Academe
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Memory at Work
4-10%!" "
of new companies become high-growth firms.!
Only…!
But the top…!
1%!" "
in any given year generate roughly 40% of new jobs.!
5%!" "
in any given year generate roughly 66% of new jobs.!
12 High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011
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Education and Insight
Access to Capital
Business Advice
and Mentorship
Networks, Talent, Customers and Partners"
Programs for High Growth Ventures, Policy Initiatives, and Special Projects "
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MaRS Advisory Services “The Engine Room”
Full - Time Part - Time Volunteers Internship Corporate
A single, integrated pool of advisors offering free consultative services to an
array of emerging ventures
Our unique and evolving advisory model
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Global Popula.on Growth
Expanding Middle Class
Rising Energy Prices
Natural Resource Scarcity
Climate Change
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Total Invested in 2010 Still up 28% Overall
!"#$""%$&#'()*#+,#-./#("#$0+%"1#("2*)1*3!"#$""%$&#'()*#+,#45/#("#"%06*'#+,#3*$&)#3+"*#1+#'*$78#$#"*9#'*7+'3
Global Cleantech Investment Con.nues to Grow
Source: Cleantech Group 19
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Market landscapeFurther distinctions can be made at the market level (see Figure 3). China and the US make up a first market tier in terms of company population and market capitalization. While the US has the largest number of companies (73), China has the greatest market capitalization (US$60.1 billion). China’s company headcount is also several times larger than that of any other market.
Germany and Canada form another tier in terms of company population, with 44 pure-play cleantech companies each.
A third tier is composed of markets with fewer than 30 companies. Spain is an outlier in this group for its high aggregate market
capitalization, due to Iberdrola Renovables, the pure-play cleantech company with the highest market capitalization.
Despite its large company population, the United States has not yet produced many market-leading companies in terms of market capitalization. Only one American company is on the list of top 10 companies by market capitalization (see Figure 4). In contrast, three Chinese companies are on the list.
Cleantech companies by segment: solar predominatesThe rapid scaling of the global solar industry becomes evident when analyzing the cleantech company population by segment. The 102 solar companies constitute the largest share — just over
Mainland China
UnitedStates
Germany
10
$10
$20
$30
$40
$50
$60
$70
20 30 40
Number of companies
Mar
ket c
apita
lizat
ion
(US$
b)
50 60 70 80
Canada
Spain
Taiwan
Japan
FranceIndia
UK AustraliaSwitzerlandSouth Korea
Hong Kong
Belgium
Note: includes public companies designated as clean energy A-1 Main Driver (50%–100% of value) by BNEF; market capitalization data as of 15 February 2011
Bubble volume represents cleantech company headcount
Market CompaniesMarket cap
(US$b) Headcount
United States 73 $45.1 57.0
China 52 $60.1 133.2
Germany 44 $15.0 36.9
Canada 44 $5.7 12.2
Australia 27 $1.4 0.8
United Kingdom 22 $1.8 6.6
Taiwan 19 $15.1 21.7
India 17 $3.5 20.3
France 12 $4.7 7.0
South Korea 8 $4.1 1.9
Japan 7 $1.2 10.6
Hong Kong 8 $9.7 16.4
Belgium 6 $6.8 11.6
Switzerland 7 $2.1 3.3
Spain 5 $20.3 35.3
Figure 3. Pure-play cleantech company market landscape — top 15 markets by cleantech company populationPure-‐play Cleantech Company Market Landscape
Source: Ernst & Young, “Cleantech Matters”, 2009.
44 public Cleantech companies with a $5.7b market cap
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Corporate Partners
Government Funding Community
Advisors
Deal Flow
• Office space • Educational programs • Events
• IAF • SDTC • IDF • ETF • OVCF
• Public agencies • Universities • Entrepreneurs • Corporate partners • Brand
• Entrepreneurs • Technical support
• MaRS is a starting point for companies seeking innovation in Ontario
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0 2 4 6 8 10 12 14 16 18 20
Agriculture, Foods & Natural Products
Air/Environment
Energy Efficiency
Energy GeneraHon
Energy Infrastructure
Energy Storage
Manufacturing & Industrial
Recycling & Waste
TransportaHon
Water
Advanced Materials
Manufacturing
Evolving Emerging
Energy infrastructure, generation, efficiency, and advanced materials account for the majority of ~160 clients in the MaRS Cleantech portfolio"
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Culture of
Entrepreneurship
Impact!
Business Services!
Ecosystem Development!
IP Development |"
MaRS Advisory |"
Market Intelligence |"
Entrepreneurship Education"
Capital & Investment"
Strategic Partnerships | Stakeholder Support"
Community Programs |" Awards & Recognition"
Talent & Knowledge Management "
Real Estate Services !
MaRS Centre Development "
IT/AV Services"
Office & Laboratory Facilities | MaRS Incubator "
MaRS Collaboration Centre l "
Public Policy "
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Don Duval Vice President MaRS Discovery District [email protected] Twitter: don_duval Speakerfile: don.duval