« Back to Techies Land | Main | Angels and VCs »

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d834285c8e53ef00d835193d7269e2

Listed below are links to weblogs that reference Banff Venture Forum:

Comments

Salim,
I realize that this is not timely but it might be useful.
I have designed over 150 products, have started 7 companies, and was resident at the excelerator at UofT for a few years. I also had a relationship with Computer Science for many years.

As I am sure you are aware, universities have very different attitudes toward the commercialisation of science & technology. UofT is very possessive, Waterloo, Stanford, MIT, very encouraging.

It is argued by the academic communities that research should not be conducted with a view toward commercialisation; that research should be oriented toward 'platform' technologies and others focus on applications.

This is balanced by the fact that 90% of new technologies are commercialised in applications that were never imagined by the inventor.

Additionally, only 6% of new companies use a new technology, another 6% use some technology. Fully 88% of new businesses use no new technology.
Canada starts 140,000 new businesses a year, and closes 130,000 for a net 10,000 so 1200 will utilize new technology. (OECD & STATS CAN) Of these only 10% will last 5 years employing an average of 16 people or about 2000.

A significant question should be whether all our investments in Research are worth it. Or, in my opinion, how can we affect the success rate to improve the returns on investments. I have also advocated the loosening of funds for Development. The science and engineering communities have a vested interest in containing R&D investments for themselves and yet 88% of new co's don't use it.
Surely if many start-ups had access to funds comparable to NRC & IRAP, not linked to technology, they might be able to employ better strategic planning, market research, design, etc.

I believe that if many young ambitious start-ups had access to better business processes, the success rate would skyrocket.

John.

The comments to this entry are closed.