Evolving the Innovation Ecosystem - Edmonton Innovation Ecosystem Community Meeting - Edmonton's Innovation Ecosystem
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Evolving the Innovation Ecosystem Edmonton Innovation Ecosystem Community Meeting December 11, 2019
Welcome Cheryll Watson Vice President, Innovate Edmonton Edmonton Economic Development Corporation
Create New Accelerate the Scale
Tech Businesses of High Potentials
Inspire Community Action
2:00 – 2:20 pm Introduction & context
Learn & work Agenda
2:00 – 5:30 pm
2:20 – 2:30 pm Updates on Critical Paths
Engagement Sessions, EACOS, Startup Genome
2:30 – 3:15 pm Presentation of the Alberta Artificial Intelligence Business Plan
Background, Pillars, Next Steps
3:15 – 4:00 pm RainforestAB YEG
Summit report, community engagement
4:00 – 4:30 pm Wrap-up
Announcements, future agenda Items
4:30 – 5:30 pm Networking & Conversation
Edmonton Innovation
Ecosystem Community (EIEC)
Collaborate to
Evolve and Improve
the Edmonton
Innovation Ecosystem
Key Principles o We need to be bold in our ambitions o There is a need for urgency o This is a long term investment o Overall collective 20 year ‘rolling’ commitment o Entrepreneurs need to lead
Our Collective Work o Platform - https://edmontoninnovationecosystem.com/ o Ethos - EIEC Manifesto o Methodology – Startup Communities, Startup Commons o Measurement – Startup Genome
Critical Path Update - Entrepreneur Engagement - EACOS Formation - Startup Genome 2019/20 Cheryll Watson
Entrepreneur Engagement
Mandate
Engagement Design Team
Create an ongoing, inclusive and
• Aaron Budnick - RainforestAB YEG/TEC Edm effective method of collecting input,
• Amir Reshef – dealcloser
from startup and scaleup founders and
entrepreneurs, on the effectiveness of
• Amor Provins - MacEwan Roundhouse programs, initiatives, services and
• Bradley Poulette – Airtrail
policies designed to support the creation
and fast paced growth of tech-enabled
• Chowdary Meenavilli – Ntwist companies with large, international
• Gail Powley - Alberta Technologies
market aspirations.
• Jas Panesar - New Engage Training The outcome of the engagement is
• Kris Sabourin - BETABLE
intended to provide actionable direction
for service providers, government
• Kyle Richelhoff - Self employed agencies and other partners.
Thank you for Promoting Signups
Edmonton Advisory Council on Startups
Selection Committee Members
• Anthony Nagendraraj – Spontivly
• Cheryll Watson – EEDC Mandate
• Craig Knox – DrugBank Draft the mandate of the council, refine the
member demographic, recruit and interview
• Kenya Kondo – AEC members.
• Kristina Milke – Valhalla Ongoing engagement to be determined.
• Sam Pillar – Jobber
• Wayne Malkin – DrivewyzeRecruiting Investor Members until Dec 14
12Global Benchmarking to continue
13Ecosystem Dashboard Ecosystem Measures 2018 Results 2020 Target Ecosystem Value $77 Million Startup Output 100 - 250 Early Stage Funding per Startup $60 Thousand Foreign Customers 36% Number of Exits 34 Value of Exits TBC
Global Benchmarking to continue
NEW
Assess and start helping Startup Support Organizations and
Programs (SSOPs)
Assess their performance and fuel their improvement
efforts
Open to all EIEC Service Providers
15Evolving the Innovation Ecosystem – 2019 Timeline
Ongoing Community, Shareholder, Stakeholder, Partner Engagement
December April July October December
2018 2019 2019 2019 2019
Engage Prioritize Strategy Implement / Pivot Assess Measure
Strategy: Pillars* Implement Measure
Engage: Critical Paths 1. Startup Genome
1. Full Scale Entrepreneur Engagement 1. Talent 1. New Programs
2. Mentorship 2. Program Changes 2. Net Promoter Score (NPS)
2. Edmonton Advisory Council on Startups (EACOS) 3. Annual Economic Impact Survey
3. Startup Genome 3. Investment 3. Policy Recommendations
4. Market/Customers 4. Real Estate 4. Canadian Business Accelerator
5. Community Incubator measure (BAI)
6. Infrastructure/Policy
*Potential pillars based on common
ecosystem assets; dependant on
December 2018 entrepreneur feedbackAB Artificial Intelligence Business Plan Ashif Mawji Bruce Alton Cynthia van Sundert Forrest Zeisler
Realizing the Alberta AI Business Plan Edmonton Innovation Ecosystem Community Meeting December 2018
The Opportunity
The Alberta AI Business Plan outlines the vision and
ambition that will put Alberta on the map as a leader in
Artificial Intelligence, paving the way for a billion dollar
industry in the province by 2025
70% of companies [will] adopt AI by 2030,
Why AI? potentially delivering additional economic
output of around $13 trillion, boosting global
GDP by 1.2% a year.
McKinsey Global Institute
The Fourth [revolution] is evolving at an China has laid out a development plan to
exponential rather than a linear pace. become the world leader in AI by 2030,
Moreover, it is disrupting almost every building a domestic industry worth $150
industry in every country. billion.
World Economic Forum NY TimesWhy Alberta
Alberta is already an AI leader.
Home to two of the greatest AI and
machine learning research centers
(University of Alberta -UofA and The University of
Alberta Machine Intelligence Institute Alberta ranks 3rd in the
Global CS Rankings
- Amii).
Opportunity to translate that research
strength into economic wealth for
Albertans (new companies and new
jobs) and to diversify our economy
Where Will We Focus?
Health Financial Services Government Services
Energy Transportation & Logistics
Construction & Engineering 20
1The Business Plan: The Genesis
A 2-day AI strategic planning session in July 2018 resulted in a Vision and selection of a
Steering Committee.
The Steering Committee has representatives from academia, industry, service providers, local
organizations working since then to gather additional inputs from the community and ensure
that the business plan created addresses the requirements and leads to the achievement of
the vision.
Steering Committee Members Steering Committee Advisors
• Chris Godwaldt, COSIA
• Ashif Mawji, Rising Tide VC • Cynthia van Sundert, A100
• Reg Joseph, Health City
• Bin Lau, City of Edmonton • Dalibor Petrovic, Deloitte
• Dave Mowat, Past ATB Financial
• Bruce Alton, A-Partners • Evan Hu, Creative Destructive Lab
• Carman NcNary, Dentons
• Cam Linke, Amii • Forrest Zeisler, Jobber
• Allan Scott, Past EEDC
• Cheryll Watson, EEDC • Jonathan Schaeffer, University of AB
• John Shillington, Amii
• Chris Lumb, TEC Edmonton • Ryan Kelly, City of Edmonton
• Curtis Stange, ATB
• Cory Janssen, AltaML • Terry Rock, Calgary Technologies
• Dan Wicklum, COSIA
Inc.The Business Plan: Development
Consultations Persona Interviews Letters of Support
Interviews conducted with Interviews with 5 community profiles: Support from businesses,
various ecosystem players to young local tech talent, business leader, investor groups, higher
gather data for initiatives and investor, university AI researcher and a education institutions and
to build the business plan startup founder to understand the other AI bodies.
varying ecosystem needs
Business Plan
AI Community Socialization
Steering
Meetups Committee Meetings Market Research
70+ leaders from the Jurisdictional scan and market
Weekly 3-hour steering
community attended 2 research to supplement the We are here
committee working sessions
community meetups with inputs obtained from the
with guest participation from
ongoing communication via a consultations
industry and government
website and a slack channel.DRAFT The Business Plan: Vision & Ambition The ambition is to leverage strengths to create a billion industry and a Global AI Hub. This business plan outlines ways to leverage the existing ecosystem and its strengths, such as skilled and entrepreneurial talent, and a great quality of life to achieve a very ambitious vision Our Vision: “A world-class hub for AI-driven products and services creating a billion dollar industry in Alberta by 2025” Our Ambition: “Continually growing a local ecosystem of fundamental and applied research, talent, data, infrastructure and capital that leads to the creation of commercially-focused intellectual property and ethically responsible and globally competitive AI-driven products, services and companies” Global AI Hub Business Plan 23
The Business Plan: Blueprint
The target ecosystem, which will drive new AI jobs, new companies & projects and economic growth is
created through five enablers.
Economic
Growth New
New Companies
Jobs & New
Projects
ECONOMIC
TALENT DEVELOPMENT INTERNATIONAL MARKET
INVESTORS
UNIVERSITIES
Develop the workforce
AGENCIES COMPANIES Strengthen profile, build
PRESENCE
GOVERNMENT & COLLEGES
that will be employed in
START-UPS community and increase
the AI ecosystem AI market share
ASSOCIATIONS • Trade Events
• Entrepreneurs AI INSTITUTE
• Innovators
ALBERTA MACHINE
LARGE INCUBATORS • Competitions
INTELLIGENCE INSTITUTE INDUSTRY • Summits
• Technical Talent (AMII) ASSOCIATIONS
CORPORATES
• Executive Talent • Branding and Marketing
• Business Talent • Community Events
Ecosystem Players
• Public Relations
MARKET PRESENCE
TALENT
RESEARCH
INDUSTRY SOLUTIONS
& DEVELOPMENT
INFRASTRUCTURE
INDUSTRY
RESEARCH Enablers SOLUTIONS
Create the environment
& to foster industry
DEVELOPMENT engagement in the
Build on our world- ecosystem
class academic research • Education
INFRASTRUCTURE • Ideation
and translate it into
Intellectual Property Create the environment • Prototyping
creation that is required to • Product Development
succeed and Launch
• Scientific Research
• Industry Data
• Applied Research • Funding / Capital
• Technology
• Space
3Copy Enablers Overview
Develop the workforce that will be
employed in the AI ecosystem
Talent
• Entrepreneurs
• Innovators
• Technical Talent
• Executive Talent
• Business Talent
T1: Expand
university T2: Expand T3: T4: Develop T5: Promote
education AI Strengthen AI talent flexible
programs & internships AI talent exchange & academia/
supporting & co-op recruiting mentorship industry
training programs programs programs positions
programs
Increased student capacity, Increased number of AI related Expanded ongoing recruitment Increased number of Increased number of joint
faculty positions & co-op/intern positions programs in and outside of students and professionals academia/industry
infrastructure at UofA Increased number of students Edmonton participating in AI exchange researcher roles created
New certificate programs for taking up internship and co-op Competitive offers, benefits and programs Increased patent creation
retraining and product opportunities incentives to attract and retain Increased number of new AI and commercialization
development skills Centralized easy-to access talent entrepreneurs matched with activity by researchers who
Expanded supporting programs website with related co- Centralized easy-to access a mentor every year hold joint
at other Alberta universities and op/iintern postings website with AI related job academia/industry positions
colleges postings
Recommendations for updates
to K-12 curriculumResearch &
Build on our world-class academic
research and translate it into
Intellectual Property and Product
Development
creation
• Scientific Research
• Applied Research
R2: Expand
R1: Expand
applied &
academic
industrial
research
research
capacity
capacity
Addition of new researchers in AI Alberta is ranked to being the world's best at the
Increased number of students performing intersection of industry and AI
research Increased number of corporate research labs and
Increase in funding for AI research research collaborations with UofA and Amii
Diversification of AI research focus beyond Increased number of jobs created through
Reinforcement Learning and Gaming corporate labs and research collaborations
Expanded facility & technology capacity to Enhanced coordination and collaboration with
meet the research expansion needs improved connections between innovation supports
and outputs (supply side) and industry receptors
(demand side)Create the environment that is
required to succeed
• Funding / Capital
Infrastructure
• Technology
• Data
• Space
I2: Attract I3:
I1: & Establish
Develop & establish AI Hub I4:
implemen AI governanc Establish
t funding accelerato e& AI HQ
strategy r collaborat
programs ion
Increased public and World-class accelerator Committee operational Headquarters (physical
private investments in AI established and chair selected and/or virtual) established
Increased in availability of Increased number of new AI Hub recognized as the in existing or new space
risk capital and increased ideas funded / year with go-to driver of AI AI Hub portal established
deal flow visibility the support of the AI engagement in Alberta as the one stop shop for
Increased visibility in how Accelerator all information related to
to obtain funding Use cases and business AI
Increased number of problems identified that
companies and projects can be solved using AI
funded startups
Increased number of jobs
createdIndustry Create the environment to
foster industry engagement
Solutions
in the ecosystem
IS2:
IS1: Expand
Establish I4: Expand
Industry
AI Product Large
AI
Dev. Industry
Knowledg
Program Data Sets
e Transfer
Program
Increased number of AI Greater synergy between industry and Increased number of data
products developed researchers sets available for AI
Increased number of Increased commercialization of research research
startups applying for the Industry use cases identified and research is Increased number of
accelerator program able to meet the industry needs products developed
Increase industry interest in new AI based on the use of large
technology industry data sets
Industrial organizations identified and
trained to adopt AIMarket
Strengthen profile, build the
community and increase market share
Presence
• Trade Events
• Competitions
• Summits
• Branding and Marketing
• Community Events
• Public Relations
M3:
M1: M2:
Organize M4: Foster M5:
Develop & Conduct
AI Dev. of AI Develop &
Execute Ongoing
Summits, User Implemen
Marketing Outbound
Conferenc Groups & t Outreach
& and
e& Associatio Education
Branding Inbound
Competitio ns Programs
Strategy Visits
ns
Increased social media Increased collaboration Ongoing large Increased buy-in from Increased opportunities
presence and creation of with other cities and conferences and summits current associations and for stakeholders to get
Edmonton AI brand countries and with and smaller events like groups familiar with AI and its
Raise international municipal, provincial and hackathons Increased collaboration potentials
awareness of Alberta's AI federal trade departments Open data student with existing or new Increased awareness and
strengths and capabilities Increased customer research contests industry associations that trust with business
Increased talent and and/or partnership Ongoing involvement in focus on the application leaders, community,
investment attraction and opportunities for the local the Summer school of AI in specific industry investors and students
retention AI community program sectors Increased number of
Accelerated AI adoption Increased number of visits Monthly community Increased clarity in stakeholders involved in
across Alberta by key customers and meetups to keep the mandate and value of AI the AI ecosystem
partners to Edmonton ecosystem stakeholders user groupsIn addition to the enablers identified for
Enablers
creating the target ecosystem, there is a
need to advocate for key changes to
bridge gaps in the ecosystemThe Business Plan: Initiatives and Calls to Action
T4:
Talent T1: Expand
university T2:
T3: Develop T5: Calls to Action
Strengthe AI talent Promote
education Expand AI
n AI exchange flexible
Develop the workforce programs & internship In addition to the enablers
that will be employed in talent & academia/
supporting s & co-op identified for creating the target
the AI ecosystem recruiting mentorshi industry ecosystem, there is a need to
training programs
programs p positions advocate for key changes to
programs programs bridge gaps in the ecosystem
C1: Lobby for
Research & R1:
R2:
Expand
benefits,
incentives and
Development Expand
academic
applied &
subsidies for
organizations,
industrial startups and
research research entrepreneurs
Build on our world-class
capacity capacity in the AI
academic research and space
translate it into Intellectual
Property creation
I1: I2: Attract C2: Lobby for
Develop & I3: Establish
changing
Infrastructure & establish Alberta AI
I4: Establish
Alberta AI -
post-
secondaries IP
impleme AI governance & policies to
nt accelerato HQ streamline
Create the environment collaboration
r commercializa
that is required to funding tion
succeed strategy programs
Industry IS1: IS2:
Solutions Establish Expand IS3: C3: Advocacy
Expand on adopting
AI Industry
privacy, ethics
Product AI Large & regulations
Create the Dev. Knowledg Industry in AI
environment to foster e Transfer Data Sets development
Program
industry engagement Program
in the ecosystem
Market
M1: M2: M5:
M4: Foster C4: Advocacy
Develop & Conduct Develop & on expanding
M3: Organize dev. of AI
Presence execute
marketing
ongoing
outbound
AI summits, user
implemen
t outreach
the available
open data
conferences & groups & sets that can
& and education be used to
Strengthen profile, build competitions association
branding inbound al drive AI IP
32
the community and s
strategy visits programs creation
4
increase market shareAlberta AI Business Plan: A Pipeline of Wealth Creation
The plan initiatives and calls to action collectively build a pipeline from R&D to commercialization and job creation
NEW COMPANIES &
PROJECTS
FUNDAMENTAL
RESEARCH DEVELOPMENT COMMERCIALIZATION NEW JOBS
RESEARCH
ECONOMIC
GROWTH
New
New Economic
Companies
Jobs Growth
& Projects
New Companies Specialized AI Jobs
Our Billion Dollar Industry
Increase in the number of AI local startups and Increased demand allows for specialized AI talent
A potential result of sustained demand in AI
inflow of new international corporates to Alberta formed here to remain in the province
Supporting Jobs
Increase in Projects Economic Diversity
Growth in supporting jobs (data support, business
Increase in the number of AI related projects, Crucial for stable long-term economic growth
support) allows re-skilling opportunities
research collaborations and corporate labs
Induced Jobs Economic Stability
“Ripple effect” downstream job creation (e.g. AI service led industry can decrease sensitivity to
retail, housing) resource price fluctuations 5Taking The Business Plan Forward
An ask has been made to Alberta Innovates and the Economic Development and Trade Ministry to fund key
initiatives. That funding supplemented by private sector investment will allow for an accelerated
implementation of the plan.
Industry & Private Public Funding &
Investments & Partnerships Support
Industry consortiums, Municipal, provincial
individual corporations, and and federal funding for
private sector investing in the Successful the execution of the
AI space to access research Execution business plan
ideas and develop AI based
products
Community Governance
Support and buy-in from
community to take this
planning forward with the right
level of oversight, governance
and accountability 6To be successful, it is important to start right away! The journey begins with
maintaining the support to Amii and executing a 60 day action plan.
Step 0 Define and formalize the governance structure to own and deliver the business plan
Finalize key decisions around governance of the business plan.
Obtain funding dollars to recruit the resources (in existing entiti(es) or new entity) and initiate the execution of the plan
Step 1 Engage broader community
Create a communication plan to share business plan more broadly
Step 2 Begin foundational work on the identified initiatives
Talent: Roll out retraining programs and define curriculum for product development initiatives
Research & Development: Define new research positions and identify potential candidates for consideration
Infrastructure: Initiate talks with existing world class accelerator programs to short-list accelerators that meet Edmonton's
needs
Market Presence: Initiate development of marketing plan and initiate branding efforts (the plan will be amplified as 35
funding is obtained)Thank you Questions
Rainforest AB YEG Aaron Budnick James Keirstead Jim Gibson
RAINFOREST ALBERTA – YEG
Building a community for entrepreneurs by acting as a gathering point
for all stakeholders in the ecosystem to build trust and accelerate
innovation in the Province of Alberta.Rainforest in 2019
• Weekly Lunch without Lunch at WorkNicer
• Semi-Annual Summit and Scorecard Assessment
• Pan-Alberta InitiativesQ&A
• What is working?
• What can we change?
• What should we stop doing?Announcements 3 minute updates
Attend - early bird tickets $2150 until January 17 Partner – event sponsorship, tickets, community Host – live feed sessions with guided engagement and activations
Next Meeting: Thursday, January 31st, 2019 Leave your ideas for discussion topics on the board
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