Industry committee  Not at all, because at the root of this commercialization opportunity is basic research that's being done by the professors and the researchers. And that's being dictated by the grants they get through NSERC and the other granting agencies. What we're seeing is basic research bei

Industry committee  There are many. If we look at the economic activity generated through our spinoffs, we have thousands of employees in the Waterloo region—250 spinoffs from the University of Waterloo alone. There are many suppliers and many more customers. There is a lot of indirect economic acti

Industry committee  I can just speak to the results. I don't know if what we're seeing is a revolution. But I think that the culture in the community; the IP policy; the attitude the students come out with--they're not afraid to do a start-up; the capital that's available; the community that gives b

Industry committee  The IP policy we have is just part of the puzzle in terms of the commercialization successes at Waterloo. We're very easy to deal with. If a company or an investor wants to know who owns the IP, just talk to the guys who created it. It's theirs; end of story. You're not dealing w

Industry committee  Most of the universities have a policy whereby the ownership of the IP is split between the researchers and the university, so that the universities can gain from commercialization. The university shares in the funds that are generated through either royalties or ownership in the

Industry committee  In the technology transfer in the office of research, we promote spinoff companies where other universities tend to frown on them because there's risk involved. It's much easier to license some IP to an existing company and let them run with it, collect a royalty, and that's it.

Industry committee  Sure I can, and it goes back 50 years. I think you have to understand that what goes on in Waterloo isn't a program or a policy, it's a culture that's been there since the university started. If you take a snapshot of where we are today, the reason I think we're successful, from

Industry committee  I don't. We see a pretty good balance coming out from the federal and the provincial granting agencies of where the funds are to be deployed. Clearly, there is an emphasis on environmental issues these days, but there is no shortage on balance of funding for the other areas if yo

Industry committee  Sure. We've been successful in the Waterloo region in raising capital for start-up companies, in particular our university spinoffs. In fact the 15 companies we currently have in our Accelerator Centre have all managed to raise venture capital over the last 12 months. But when y

Industry committee  Good morning. It's great to be in Ottawa today representing the University of Waterloo and the Waterloo Accelerator Centre. As the funding and facilitation of science and technology is in part the subject of today's meeting, I'd like to give you a snapshot overview of the succ