Transcript Discover. Accelerate. Collaborate.

Research parks are
communities of innovation
where the combination of
ideas, connections and
opportunities converge.
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History of Research Parks
• Founded in 1951, the Stanford
University Research Park was the first
research park of its kind in the world.
• Other major research park
developments followed over the next
three decades, most notably the
Research Triangle Park in North Carolina
in 1959 and Innovation Place in
Saskatchewan in 1980.
• Today, North American research parks
occupy 47,000 acres and include 124
million square feet of space.
• More than 300,000 knowledge workers
are employed in a research park with
every research park job creating an
estimated additional 2.57 jobs in the
economy .
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AURP – Association of
University Research Parks
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AURP (USA) - based in Tuscon, AZ
Celebrated 25th anniversary in 2011
AURP (USA) has 190 members
Formed CDN chapter in 2007
Association represents all 26
technology parks across Canada
• AURP Canada is a chapter of AURP
(USA)
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AURP Canada
• 26 Parks in Canada
• 1,800 companies
• 65,187 accountable jobs in
Canada
• 3.2 Billion in salaries
• 4.3 Billion Dollars in annual
economic impact to the Canadian economy
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2013 PwC Economic Impact Study
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AURP Canada Mission
To play a meaningful role in the global
research and technology park
movement by enabling the growth and
development of new and existing
Canadian research parks and playing a
pivotal role in the transfer of
technology, the commercialization of
products and services, the collaboration
with business, government and
academia and the advancement of the
Canadian knowledge economy.
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AURP Canada Objectives
• To improve the long-term
sustainability of Canadian
research parks
• To support the development of
knowledge-based SMEs
• To encourage the development
and growth of accelerators
• To increase the total number
of businesses in the knowledge
industry in Canada
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AURP Canada Objectives
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• To facilitate the creation of gainful
employment opportunities at
Canadian research parks
• To support the expansion of
industry leading technologybased firms
• To link sustainable economic
development returns to
communities in which the
research parks operate;
• To engage stakeholders, industry
partners, potential clients and
international markets.
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Coast to Coast
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British Columbia – 3
Alberta – 2
Saskatchewan – 1
Manitoba – 1
Ontario – 6
Quebec – 11
New Brunswick – 1
Nova Scotia – 1
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“Commercialization is a contact
sport” – His Excellency, David
Johnston, Governor General of
Canada
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(November 2011 @ AURP Canada Reception)
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• “It takes just one person to have an
idea, but the ideas come faster and
more frequently when talented
people come together to sharpen
each other’s insights and pool their
expertise. A community of
innovation.”
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David Johnston (former president of the University of Waterloo and
current Governor General of Canada
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Common Elements
• University/institution
• Close relationship with the
Technology Licensing Offices
• Facilitate collaboration with
researchers, students, and
government for tech
companies
• Mix of large established
companies, SME’s and start-ups
• 75% of parks in Canada have
Accelerator Centre/Incubator
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• Shared amenities and services
• Create a spirit of community
and collaboration among
companies
• Provide business and social
programming to create healthy,
global, leading edge tech co’s
• Have strict guidelines for entry
into the park/facilities
• Strong economic drivers in
each of the 26 communities in
Canada
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David Johnston Research +
Technology Park
University of Waterloo
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David Johnston Research + Technology Park:
Partners
13.4 Million
13.4 Million
6.7 Million
6.7 Million
40.2 Million
Super Build
Funding
CRITERIA FOR TENANCY:
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• to encourage the creation or relocation
of research-based companies whose
research and development interests are
compatible with research and
development activities in the University;
• to provide suitable employment for UW
co-op students and graduates;
• to produce a long-term financial benefit
that will help the University to enhance
the quality and relevance of its
programs of teaching, research and
service;
• to assist in the economic and social
enhancement of the surrounding
community by facilitating the creation
or relocation of companies or agencies
employing highly-skilled people.
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2004
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2005
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2006
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2007
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2008 – RAC I
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2009
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2010 – RAC II
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2011
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2011
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Phase II
475
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8
435
Wes Graham Way
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415
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380
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SAP Company
105,000
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Open Text
122,000
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Accelerator Building
97,000
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TechTown
69,000
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Research Advancement Centre (RAC) 70,000
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InnoTECH
103,000
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The CORA Building
110,000
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RAC II
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Open Text II
110,000
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Centre for Sustainable Excellence
120,000
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Multi-Tenant Building
150,000
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Phase II - 27.5 Hectares (68 acres)
70,000
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9 295
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Frank Tompa Drive
Hagey Blvd
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University of Waterloo (South Campus)
Future LRT
Hub Site
The R+T Park Today…
• 75 Companies Total
• Approx. 45 of those are startups in the AC
• 3,200 knowledge workers
total in the park
• 860,000 sq feet in 9 buildings
• 10th building – 2017
• 11th building – 2018 - CSE
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The R+T Park Today…
• $602 Million in Spending
• $319 Million in Labour
• $428 Million in GDP
• 50% of park companies used
WatCo
Estimate 6,747 facilitated jobs
• Future estimate: 9,892
• 10% of the total GDP of the
26 parks in Canada
2013 PwC Economic Impact Study
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The Velocity Residence is a dorm for University of Waterloo
students who wish to learn more about building a startup
or work on their current companies.
Velocity Alpha is a series of workshops, panels and sessions
that runs each term to help educate the public about
building a successful business.
Velocity Science is a partnership with the Faculty of Science
to provide a discovery lab, mentoring and coaching for any
student with a startup in materials or life sciences.
The Velocity Fund provides seed funding and pitch
experience to companies through the Velocity Fund Finals,
held three times a year.
The Velocity Garage is 7,000-square-foot facility with free
workspace and a peer community for more than 30
software startups.
The Velocity Foundry has 11,000 feet of free workspace
and a peer community for more than 30 hardware
startups.
Companies that are currently in have launched from
Waterloo’s Velocity startup program have raised more than
$250 million from investors.
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