The University of Toronto’s Temerty Faculty of Medicine has launched a new entrepreneur-in-residence program to advise faculty on commercializing their research and bringing healthcare innovations to market.
Jim Hinton is a patent lawyer based in Kitchener-Waterloo and the co-founder of the Innovation Asset Collective (IAC), which launched this year with $30 million in federal funding. Research Money spoke to Hinton about the challenges facing tech developers, researchers and policymakers surrounding IP.
The Innovation Asset Collective, Canada’s first patent collective, more than doubled its membership in its first six months and has awarded two rounds of grants to its member companies to help them own, access and use intellectual property.
Federal Budget 2021 included the government’s largest-ever investments in intellectual property and IP services, underscoring the importance of protecting and leveraging IP for Canada’s economic growth, according to IP experts and heads of innovation groups.
The Toronto-based National Angel Capital Organization (NACO) will establish the first pan-regional digital hub for investors and entrepreneurs in a custom-built space in the new Platform Innovation Centre being built by Platform Calgary in downtown Calgary.
Canada needs to be prepared for the “tectonic shift” of intangibles powering new ways of delivering services that contribute more than three-quarters of Canada’s GDP, Bert van den Berg writes in an op-ed.
Innovation experts and business groups are stepping up calls for the federal government to fix a “weak and out of balance” innovation ecosystem. Canada continues to lag other countries in innovation performance and productivity, according to international indexes.
Toronto-based digital accelerator Bay Street Diary and India Network have teamed up to establish a US$100-million venture capital fund for entrepreneurs and startups in Canada and India.
Toronto-based MaRS Discovery District has proposed expanding some of its innovation components to Calgary. However, key players involved in exploratory talks say the $60-million “MaRS West” initiative will need to complement, not compete with, Calgary’s existing innovation entities and ecosystem.
Some academic researchers are questioning the focus and merits of Ontario’s new IP plan and whether it’s the right policy tool to achieve the province’s economic goals. But the plan’s supporters say it will help generate intellectual property and commercialize research done by post-secondary institutions for the benefit of Ontario’s economy.