[news 2001-2002]

PARTEQ President wins Kingston Technology Council's Champion Award

January 30, 2001

KINGSTON, ON -- John Molloy, President and C.E.O. of PARTEQ Innovations, the technology transfer office of Queen's University, was awarded the Kingston Technology Council's first annual Champion Award. The KTC Awards of Excellence, honouring achievements in the technology field, were presented before a sellout crowd of 200 at a gala dinner on January 27, 2001.

The Champion Award is presented to an individual who has exhibited leadership in promoting knowledge-based enterprises and an environment in which they can flourish. The recipient is a strong advocate for Kingston and area, both within and outside the Kingston community.

In his acceptance speech at the Awards gala, John Molloy congratulated his fellow nominees, and thanked his family, the PARTEQ staff, the Kingston Technology Council, and all members of the Kingston technology community for their support and co-operation. He also took the opportunity to speak to those present about the pressing need in Kingston for infrastructure facilities for newly emerging companies.

PARTEQ Innovations is a not-for-profit corporation which acts as the technology transfer agent for Queen's University. PARTEQ has the exclusive rights to all intellectual property owned by the University. PARTEQ's mission is to stimulate and facilitate the commercialization of intellectual property generated at Queen's and to enhance and foster linkages between the Queen's research community and industry. Social responsibility and potential economic return drive PARTEQ's mission. Queen's is a research-intensive university and PARTEQ provides a means to ensure that discoveries with potential public benefit are properly commercialized.

Under John Molloy's leadership, PARTEQ has actively participated in the formation of 16 Canadian companies, a number of them active in Kingston, and has licensed technology that has led to the formation of nine other companies. Together, these companies employ over 200 people and have raised in excess of $200 million to support development of technology licensed by PARTEQ. PARTEQ has also been entrusted with the management of a $7 million venture capital fund, from which 11 investments have been made, most in Kingston-based companies.

In his vision statement, John says of PARTEQ that "We are agents of change. Every time we attempt to market a new product, process or service, we have to overcome resistance and some amount of inertia. We are, however, skilled at providing innovative solutions and ways to creatively structure relationships that give value to all parties concerned."

John Molloy is committed to promoting the use of university-based intellectual property as a means to enhance local economic development. His priority has been to build local companies because he believes Kingston is an ideal community for technology transfer and associated economic development.

Contact:
John Molloy
President and CEO
PARTEQ Innovations
Phone: (613) 533-2342
Email: molloyj@post.queensu.ca