Linking Innovation & Investment 2010 ANNUAL REPORT TO STAKEHOLDERS
TORONTO REGION RESEARCH ALLIANCE: CELEBRATING FIVE YEARS 2005-2006 • Premier Dalton McGuinty attended event in October 2005 to launch TRRA • Published ‘Engaging Innovation’ report
2006-2007 • Published ‘At a Crossroads: Strengthening the Toronto Region’s R&D Economy’ report • Published ‘Toronto’s Competitive Positioning in the ICT Sector’, by IBM Global Strategies International • Convened an industry-led panel at the Ontario Economic Summit to explore public-private research collaborations, and released ‘Breakthrough Partnerships: A Guide to PublicPrivate Research Collaborations in Ontario’ report
2007-2008 • Premier Dalton McGuinty, Minister of Economic Development and Trade Sandra Pupatello 150 senior executives attended “CEO Call to Action” event in April 2007 • Developed regional brand, ‘Accelerate Innovation’, and produced new marketing materials • Published ‘2007 Annual Toronto Region Innovation Gauge’, a report card on the Toronto Region's innovation performance • Developed the foundational investment strategy based on the region’s research-intensive clusters
• Coordinated inaugural Green Procurement Marketplace at Ontario Centres of Excellence Discovery 2009 conference • Conducted extensive data collection and analysis on 17 research-intensive clusters in the region • Developed comprehensive database of companies, experts and educational programs in key sectors • Launched dynamic, content-rich website • Completed the Scientific Research & Experimental Development (SR&ED) Survey, a joint report with Montreal International, on how the Quebec and Ontario governments can maximize tax incentives offered to businesses to trigger investment.
2009-2010 • Recruited 12 new stakeholders including 10 research-intensive companies • Conducted four international lead generation programs: UK/Scotland and Japan/China (life sciences); and UK and France (IT security, greentech) • Chaired Ontario Clinical Trials Working Group and submitted report to the Ontario Ministry of Research and Innovation • Established NanoOntario, a public-private sector association to further nanotechnology in Ontario • Published ‘Innovation in Manufacturing, Supply Chains and Knowledge Networks in Ontario’ report
2008-2009
• Compiled in-depth information on 10 subsectors
• Conducted three international lead generation programs: UK, Germany and California
• Established multi-stakeholder steering committee to explore development of agri-food cluster
• Published ‘2008 Annual Toronto Region Innovation Gauge’ • Facilitated two regional platform Canadian Foundation for Innovation applications
2010 Annual Report to Stakeholders
MESSAGE FROM THE CHAIRMAN In October 2005, senior leaders from Toronto Region businesses, universities, colleges, research institutes, hospitals, municipal and regional organizations, and the governments of Ontario and Canada came together to officially launch the Toronto Region Research Alliance (TRRA). These far-sighted leaders rallied around the organization’s vision to transform the Toronto Region into a top five global centre for research and research-intensive industry. This vision has propelled TRRA’s activities over the past five years and, with each year, we have become more focused in our efforts (1) to attract new innovative researchintensive companies and to expand those already here; and (2) to strengthen the Toronto Region's public and private capacity for research, development and innovation. As noted in selected milestones (opposite page), TRRA has developed an in-depth knowledge of the region’s research strengths, created a compelling story to promote the Toronto Region on the international stage, and contributed to shaping the province’s and country’s research and innovation agenda. We also work closely with numerous partners and stakeholders that share a common purpose – to bring greater prosperity to the Toronto Region. TRRA’s greatest strength is our stakeholder base. As a diverse public-private partnership, TRRA is a broad-based, cross-sectoral platform that connects senior leaders committed to strengthening the Toronto Region’s research and innovation economy. We have developed a strong reputation for high-quality research and analysis and an outstanding network of contacts spanning the public and private sectors. This is reflected in our ability to attract leading companies to our stakeholder group. I’m pleased to welcome 12 new stakeholders to the Alliance, including 10 companies, one municipality and one research institution. This past year marked an important leadership transition for TRRA. I stepped away from the management role and the Board appointed Patrick Draper as the new President and CEO of the organization. Patrick brings tremendous experience in economic development and sales and marketing and, I am confident that under his leadership, TRRA will reach new levels of success in investment attraction and research capacity building. We cannot celebrate TRRA’s first five years without remembering David Pecaut, who passed away in December. David was the driving force in establishing TRRA, and he remained actively involved and passionate about the region’s potential. We also salute three exceptional individuals who have been an integral part of TRRA’s development and growth. Professor David Johnston, President of University of Waterloo, who was recently appointed Canada’s next Governor General. David was a founding member of TRRA’s Board and has been one of the staunchest supporters of a regional approach to economic development. Founding Board Chair Gordon Nixon, President of the Royal Bank of Canada, and Mary Jo Haddad, President and CEO of The Hospital for Sick Children and a former member of the Board, were appointed to the Order of Canada. In conclusion, I would like to thank all of TRRA’s Board members; they have been exceedingly generous in sharing their time and advice. I also wish to acknowledge the continued support of the Advisory Council which brings an invaluable perspective to TRRA’s activities. Sincerely,
Courtney Pratt Chairman
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2010 Annual Report to Stakeholders
ANNUAL HIGHLIGHTS Investment Attraction
Research
• Conducted three FDI trips: Japan/China (life sciences); London (greentech); and Paris (IT Security)
• TRRA’s comprehensive analysis of the Toronto Region’s expertise in water-related research used to inform Ontario’s proposed Water Opportunity and Conservation Act
• Established multi-stakeholder steering committee to explore development of agri-food cluster
• Published report: Innovation in Manufacturing, Supply Chains and Knowledge Networks in Ontario
Research Capacity Building
Marketing
• Chaired Ontario Clinical Trials Working Group and submitted report to MRI
• Doubled traffic to TRRA website
• Facilitated creation of NanoOntario: publicprivate sector association to further nanotechnology in Ontario
• Highlighted breadth and depth of the region’s pharmaceutical and biotechnology cluster in The Scientist’s Ontario Life Sciences supplement
Corporate • Recruited 12 new stakeholders including 10 research-intensive companies
Prominent New Stakeholders 1. Abbott Canada
4. Cisco Systems
7. E.I. Dupont Canada
10. Siemens Canada
2. Bayer Canada
5. CIBC
8. Pfizer Canada
11. Telus Corp.
3. Boehringer Ingelheim
6. City of Hamilton
9. sanofi pasteur Ltd.
12. University of Toronto
2010 Annual Report to Stakeholders
MANAGEMENT REPORT The emergence of the global, knowledge-based economy has changed traditional economic development. The recent recession accelerated the transition, and we now see that technology-based economic development (TBED) has become a priority for countless cities, states and countries, in both the developed and developing world. In the highly-competitive world of TBED, the sales process and value propositions are different than traditional economic development. There is a much greater emphasis on in-depth knowledge about the sectors and how the region’s research strengths can optimize a company’s business objectives. Recognizing this difference is what distinguishes the Toronto Region Research Alliance (TRRA) from traditional economic development agencies and positions the organization as a valued partner and contributor. Staff activity in the past year focused on the critical intersection of innovation and business investment. Some of our key deliverables included: • Investment Attraction: TRRA’s first FDI trip to Asia has resulted in a high-potential investment opportunity in the life sciences sector. This project focuses on a partnership between a major Chinese pharmaceutical company and one of the region’s premier research institutions. • Capacity Building: Looking for innovative solutions to solving problems was the key to TRRA’s success in chairing the Ontario Clinical Trials Working Group. In its final report, representatives from the pharmaceutical industry and the region’s research hospitals identified several short- and long-term strategies to overcoming barriers to conducting clinical trials in the province. • Research: TRRA’s research and analysis of the Toronto Region’s expertise in water-related research resulted in a compelling case for R&D investment. These findings helped inform the government’s decision to introduce the Water Opportunities and Conservation Act. TRRA’s report, Innovation in Manufacturing, Supply Chains and Knowledge Networks in Ontario, was an unprecedented look at how innovation occurs in the automotive, advanced manufacturing and steel sectors. • Marketing: TRRA highlighted the breadth and depth of the Toronto Region’s pharmaceutical and biotechnology cluster in The Scientist’s Ontario Life Sciences supplement. This new look at the cluster not only identified the pharmaceutical and biotechnology companies, it showed the diverse range of specialized services that support this critical sector. From a revenue perspective, TRRA’s core funding is stable. Industry Canada renewed our annual funding, and our contract with the Ontario Ministry of Research and Innovation is in the second year of a 2-year contract. We added 12 new stakeholders to the alliance. We also reduced expenses 11.5% over the previous year. I am delighted to be a part of this unique organization. TRRA’s reputation for quality work is the result of the commitment and hard work of the staff. I wish to thank them for their ongoing efforts to fulfill TRRA’s mandate to attract research-intensive foreign investment to the Toronto Region and maximize the region’s outstanding research strengths. Sincerely,
Patrick Draper President and CEO
TRRA Revenue 2009-2010
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2010 Annual Report to Stakeholders
INVESTMENT ATTRACTION TRRA also attended the Pollutec trade show in Paris in December. This international trade show focuses on noise, water and air pollution innovations. TRRA presented targeted Toronto Region assets to 12 companies from Germany, France, Israel, the U.K., Belgium, the Netherlands and Luxembourg. An additional 15 meetings were conducted in conjunction with the trade show.
Sam Lee, Director of Life Sciences and Health Care (r) greets a senior pharmaceutical executive during his visit to China in October 2009
TRRA’s Investment Attraction team links innovation and investment through a variety of sales activities, including lead generation, developing customized value propositions and presenting a compelling business case for research-intensive investment in the Toronto Region. The team completed three major foreign direct investment (FDI) trips, focusing on three key research-intensive sectors: life sciences, IT security and greentech. In October 2009, TRRA coordinated its first lead generation trip to Asia, targeting the pharmaceutical and biotechnology sectors in Japan and China. The small delegation included a major research hospital and a Toronto Region biopharmaceuticals company that has experience in Asia. The group traveled to five cities in Japan and six in China, and met with 27 companies and two research hospitals. To-date, one of these leads has become a high-potential research investment opportunity involving a Chinese pharmaceutical company. The mission started with the 3-day BIOJapan 2009 conference in Yokohama, in concert with a delegation led by the Ontario Ministry of Research and Innovation. In November, TRRA arranged a trip to London and Frankfurt, focusing on IT security firms. TRRA held eight meetings with companies with the potential to establish R&D, sales or manufacturing operations in Toronto Region. These meetings were supported by targeted research, identifying regional assets specific to the companies' areas of business and needs.
The team has a number of investment projects at various stages on the go. A small sampling includes: IT company with enterprise e-commerce platform that wants to expand; French medical imaging company; European biotechnology company interested in a North American expansion; US medical device company considering a co-location in Canada; Californiabased social media start-up is considering setting up their operation in Canada; and German company interested in expanding their R&D in North America.
Working with Partners The Investment Attraction team also participated in numerous meetings with prospects and inbound trade missions at the request of our economic development partners. TRRA offers critical insight into the region’s research strengths and how this can further their business objectives. For example, TRRA was involved in a presentation to Eisai, a Japanese pharmaceutical company that announced the expansion of their business into Canada, to be based in Mississauga. In this case, TRRA reviewed the size of the region’s pharmaceutical cluster, demonstrating why the Toronto Region is the optimal location to establish commercial operations. The Investment Attraction team works closely with federal, provincial and regional economic development partners including: Ontario Ministry of Research and Innovation, Ontario Ministry of Economic Development & Trade, Industry Canada, Department of Foreign Affairs and & International Trade, Greater Toronto Marketing Alliance, Invest Toronto, City of Mississauga, Town of Markham, Canada’s Technology Triangle and Communitech.
INVESTMENT ATTRACTION Organizations Met
96
Active Leads
17
Businesses cases
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2010 Annual Report to Stakeholders
CAPACITY BUILDING In 2009-2010, TRRA spearheaded progress on three projects to help build the region’s research and innovation capacity in both the public and private sectors.
internationally. The Interim Board was established in January 2010 and the new organization continues to take shape with TRRA providing logistical support in these early stages.
Multinational pharmaceutical companies invest more than $400 million a year in clinical trials in Ontario. While Ontario has outstanding researchers and clinicians, this major economic activity was declining due to increased global competition and local obstacles that increased cost.
TRRA remains actively involved in the Water Quality in Urban and Urbanizing Watersheds project. TRRA is working with the project’s lead institution, the University of Waterloo and six other university partners, to secure funds from the private sector to match the Ontario Research Fund's commitment of $8.95 million in infrastructure funding. The research project will develop and consolidate all new technologies related to water use and re-use into one regional platform. The regional platform will provide a test-bed and demonstration site for universities, private sector companies, and municipal water suppliers to market that expertise to the world. This project is aligned with the goals and priorities of Ontario’s proposed Water Opportunities and Water Conservation Act, and has the potential to be one of the crown jewels in Ontario's strategy to make the province a world centre for water technologies, processes, and services.
The Ontario Clinical Trials Working Group (OCTWG), chaired by TRRA, submitted a final report to the Ontario Ministry of Research and Innovation in December 2009. The OCTWG included representatives from research hospitals and universities, pharmaceutical companies and the government. In its report, the OCTWG highlighted the complexity of conducting clinical trials and provided recommendations to help overcome these obstacles. The province’s Life Sciences Strategy, published in April 2010, incorporated recommendations from the report. Nanotechnology related economic and research activity represents roughly 50% of the national total. TRRA worked with academic institutions and industry to create a provincial nano network to coordinate a comprehensive voice and development program for Ontario nanotechnology R&D activity across institutions and industry, both within Canada and
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2010 Annual Report to Stakeholders
RESEARCH One of TRRA’s core strengths is compiling and analyzing regional, national and international data about public and private sector research and innovation. From detailed statistical analysis to identifying global research and innovation trends, this intelligence informs virtually all aspects of TRRA’s activity. We use this in-depth knowledge to position the Toronto Region as a leading global centre of research and innovation, and to develop compelling business cases to influence investment decisions.
TRRA shared the findings with industry and academic stakeholders. Close to 100 people attended meetings in Hamilton and Kitchener in January 2010 that we co-presented with McMaster University and Canada’s Technology Triangle respectively. As well, the research was presented to the Heads of Applied Research Committee of Colleges Ontario, the Globalization and Regional Innovation Systems (PROGRIS) Conference held at the University of Toronto, and the Ontario Division of the Canadian Manufacturers and Exporters.
Original Research
Developing an Agri-food Cluster
TRRA commissioned original research on the advanced manufacturing, auto and steel sectors titled, Innovation in Manufacturing, Supply Chains and Knowledge Networks in Ontario. Professor Peter Warrian of the University of Toronto's Munk Centre for International Studies led the research team that interviewed 76 people from industry, academia, and government research bodies in the Greater Golden Horseshoe. The research identified aspects of innovation and knowledge networks in the three sectors that had not been documented before. The report found that the nature of innovation within these three sectors in Southern Ontario is based on their position in the global supply chain, and also identified the need for bona fide R&D systems and workable intellectual property policies to better connect industry to knowledge assets in community colleges and universities.
TRRA is leading the project to develop an agri-food cluster in Southern Ontario. The Greater TorontoGuelph-Waterloo corridor is the third largest food manufacturing region in North America (behind only California and the Chicago area). The goal is to form a branded and organized cluster in Southern Ontario to capitalize on the region's assets. The formation of a cluster to coordinate and market a Southern Ontario agri-food cluster has the potential to be of significant impact as the agri-food industry makes up 12.4% (2008) of manufacturing GDP in Ontario. The cluster will coordinate the many entities in the region and form an organization or build upon existing resources to effectively network, coordinate and market these strong assets. Over the past year, TRRA identified the agri-food sector's institutional and industry strengths in innovation. As a result, the region is now armed with asset maps of the sector, a report on North American agri-food cluster activities and international best practices, and a survey of industry to determine interest in creating a formal cluster initiative. TRRA is working closely with economic development partners in Guelph, Kitchener-Waterloo, Mississauga and Toronto, provincial government agencies, and food-related research institutes and associations.
RESEARCH Number of Organizations Requesting Information Total Information Requests Total Sector Asset Maps (new and updated)
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2010 Annual Report to Stakeholders
MARKETING The Toronto Region’s Accelerate Innovation branding powered our marketing initiatives in 2009-2010. Visits to the content-rich website doubled following the website re-launch last year. This year, we redesigned the homepage and added dynamic content that highlights the Toronto Region’s innovation clusters. In addition, we updated all of our marketing collateral materials, and created numerous new and revised sector fact sheets.
Raising International Awareness TRRA produced a profile of the Toronto Region’s robust pharmaceutical and biotechnology cluster that appeared in The Scientist magazine supplement, Life Sciences in Ontario. The profile focuses on the business infrastructure that pharma and biotech companies need to establish commercial operations. The G20 Summit in June 2010 provided another opportunity to highlight the advantages of research and innovation investment in the Toronto Region. TRRA participated in several activities aimed at international journalists including a media ‘fam’ tour organized by the federal government, a media package disseminated to foreign journalists, and an ad in the G20 information supplement. TRRA held several events to raise our profile among key target audiences. In mid-September, we invited senior business executives to a presentation featuring Peter Nicholson, President of the Council of Canadian Academies. TRRA was a lead partner of the Toronto Forum for Global Cities in November. Courtney Pratt, TRRA’s Chairman, interviewed Robert Reich, former US Secretary of Labour and member of President Obama’s Transition Advisory Board. In addition, several of TRRA’s Board and Advisory Council members were panelists and participants in the conference. Courtney also spoke at the Canadian Urban Institute’s conference, Competitive Cities: 10 Years Later – is the GTA Ready to Compete?
We expanded our existing collection of innovation profiles with six new success stories that highlight industry-academic research partnerships. The Ontario College of Art & Design (OCAD) University’s design expertise was showcased in a profile that highlighted research collaborations with partners in the Mobile Enterprise Innovation Centre (MEIC). TRRA highlighted the Colleges Ontario Network for Industry Innovation (CONII) and the important role it plays in linking small and medium-sized enterprises with the applied research expertise that colleges offer. We profiled five research collaborations featuring local companies and Centennial College, George Brown College, Conestoga College, Mohawk College, and Seneca College. TRRA then consolidated over 70 innovation profiles and success stories from a number of sources into one location on our website to convey the breadth and depth of the innovation activity in the Toronto Region.
MARKETING Total Website visits – % outside Canada
40,361 35%
Total Downloads
60,000
Total YouTube Views
35,000
Total Sector Fact Sheets (new and updated)
16
New Innovation Profiles
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2010 Annual Report to Stakeholders
LOOKING FORWARD Our first five years have been exciting and challenging. TRRA has evolved from a three-person start-up organization to a respected partner and contributor to economic development in the Toronto Region. As this publication goes to print, we are in the midst of developing a new Strategic Plan to map out our next five years.
What will the next five years bring? TRRA will continue to focus on attracting research-intensive foreign investment to the Toronto Region – expanding the R&D operations of existing organizations and attracting new foreign companies to locate here. In addition to attracting foreign investment, we recognize the need to strengthen the R&D capacity of regional businesses. TRRA will explore ways to help high-potential SMEs enhance their research and innovation activities. Human capital is one of the key components of attracting investment to the region. Having an educated and skilled workforce is vital to bringing high-value jobs. With this in mind, TRRA has submitted a proposal to the Ontario Ministry of Training, Colleges and Universities for the Research and Innovation Jobs Project. The project would identify future employment needs in science and technology based industries, assess the capacity of the region’s colleges/universities to meet the demand, and survey youth on their interest in careers in research and innovation. As well, we want to work with stakeholders to attract foreign talent to the Toronto Region. Research and innovation intelligence – regional and global – will remain a core activity. TRRA’s Research team will compile and analyze data about the Toronto Region’s innovation clusters and research organizations as well as identify global trends in R&D expenditures and programs. Increasing awareness of the region’s research and innovation strengths among international R&D decision-makers and influencers will be a priority for the Marketing team. Research Capacity Building will continue to work closely with stakeholders to identify barriers to innovation and develop solutions to address the challenges and opportunities. TRRA will concentrate on new energies and stakeholder engagement. We want to expand and further engage our diverse stakeholder base while ensuring that we offer clearly-defined benefits. There is no doubt that TRRA’s next five years will be equally as exciting and challenging as the first five. We look forward to working closely with our funders, economic development partners and stakeholders to establish the Toronto Region as a top five region for research and innovation.
Board*
Advisory Council*
Chairman Mr. Courtney Pratt TRRA
(also includes Directors) Mr. Jeffrey Devlin General Manager Abbott Canada
Mr. John Tibbits President Conestoga College, Institute of Technology & Advanced Learning
Dr. Barry McLellan President & CEO Sunnybrook Health Sciences Centre Mr. Joe Natale Executive VP & CCO Telus Consumer Solutions
Directors Dr. Chaviva Hošek President & CEO Canadian Institute for Advanced Research
Ms. Marion McCourt President & CEO AstraZeneca
Ms. Anne Golden President Conference Board of Canada
Mr. Hugh MacDiarmid President Atomic Energy of Canada Ltd.
Ms. Anne Sado President George Brown College
Mr. Richard E. Waugh President & CEO Bank of Nova Scotia
Mr. Paul Lucas President & CEO GlaxoSmithKline Inc.
Dr. William Reichman President & CEO Baycrest Centre
Mr. John Davies President Humber College, Institute of Technology & Advanced Learning
Mr. John Rogers Past Vice Chair MDS Inc.
Mr. Philip Blake President & CEO Bayer Inc.
Dr. Patrick Deane President McMaster University
Mr. Sheldon Levy President Ryerson University
Ms. Sheila Jarvis President & CEO Bloorview Kids Rehab
Mr. Joseph Mapa President & CEO Mount Sinai Hospital
Mr. Mike Pedersen Group Head, Corporate Operations TD Bank Financial Group
Mr. Theodore Witek President & CEO Boehringer Ingelheim (Canada) Ltd.
Mr. Robert MacIsaac President Mohawk College
Mr. Ron Bordessa President, University of Ontario Institute of Technology
Mr. Patrick Draper President & CEO Toronto Region Research Alliance
Mr. Rick Nathan President Canadian Venture Capital Association
Ms. Sara Diamond President, Ontario College of Art & Design
Ms. Marilyn Emery President & CEO Women’s College Hospital
Dr. David Naylor President University of Toronto
Dr. Catherine Zahn President & CEO Centre for Addiction and Mental Health
Mr. Paul Levesque President Pfizer Canada Inc.
Dr. Mamdouh Shoukri President York University
Mr. Gordon Nixon President & CEO RBC Financial
*As of August 31, 2010
Professor David Johnston President University of Waterloo
Government Observers Mr. Barry Goodwin Executive Director - Ontario Industry Canada Mr. George Ross Deputy Minister Ontario Ministry of Research and Innovation
Board Officers Corporate Secretary Ms. Ruth Lewkowicz Director, Marketing & Communications TRRA Treasurer Mr. Chris Adams Chief Financial Officer TRRA
Ms. Ann Buller President Centennial College Mr. Gerald McCaughey President & CEO CIBC Mr. Nitin Kawale President Cisco Systems Canada Co. Mayor Fred Eisenberger City of Hamilton Mayor Carl Zehr City of Kitchener Mayor Hazel McCallion City of Mississauga Mayor David Miller City of Toronto
Mr. Michael Oxley President & CFO E.I. du Pont Canada Company Mr. Marcel Lechanteur General Manager Eli Lilly Canada Inc. Ms. Mary Jo Haddad President & CEO Hospital for Sick Children
Mr. Mark Lievonen President Sanofi Pasteur Ltd. Mr. David Agnew President Seneca College Dr. Jeff Zabudsky President Sheridan College, Institute of Technology & Advanced Learning
Ms. Julia Deans President Toronto City Summit Alliance Mr. Mark Rochon President & CEO Toronto Rehabilitation Institute Mayor Frank Scarpitti Town of Markham Mr. Ross McGregor Founding President and CEO TRRA Dr. Alastair Summerlee President University of Guelph Dr. Robert Bell President & CEO University Health Network
Management Mr. Patrick Draper President & CEO Mr. Chris Adams Chief Financial Officer Mr. David Findlay Director, Information & Communications Technology Mr. Sam Lee Director, Life Sciences & Health Care
Mr. Roland Aurich President & CEO Siemens Canada
Ms. Ruth Lewkowicz Director, Marketing & Communications
Dr. Robert Howard President & CEO St. Michael’s Hospital
Ms. Karen Sievewright Director, Research Mr. Walter Stewart Senior Advisor, Research Capacity Building
TRRA is committed to reducing its environmental impact through the increased use of certified environmental processes and products.
MaRS Centre, Heritage Building, 101 College Street, Suite HL30, Toronto ON M5G 1L7 Tel: 1 416 673 6670 Fax: 1 416 673 6671 Email: info@trra.ca Visit us at www.trra.ca Follow us @torontoresearch Audited financial statements are available at www.trra.ca