[news 2005-2006]

Duncan Jones appointed managing director, Ontario Society for Excellence in Technology Transfer

For immediate release

Friday, July 7, 2006

TORONTO -- The Ontario Society for Excellence in Technology Transfer (OnSETT) is pleased to announce the appointment of Mr. Duncan Jones as Managing Director, effective July 17.

Mr. Jones is a life sciences entrepreneur with more than 15 years of experience in the growth and development of life sciences commercialization opportunities in Ontario. Before joining OnSETT he was Executive Director of the Sunnybrook Working Ventures Medical Breakthrough Fund and the Medical Venture Fund, comprising $9 million in early stage investment funds for commercializing technologies arising from health-care research at the University of Toronto. During this time he also served as President and CEO of Molecular Templates Inc., a cancer therapeutic startup company, where he directed the research team, developed strategy and pursued strategic partnerships and follow-on financing.

Previously he was a senior executive at Pasteur Merieux Connaught (now Sanofi Pasteur), directing corporate business intelligence, research project management and research administration. He also established and managed numerous academic-industry relationships, including material transfers, collaborative research and technology licenses. Mr. Jones is a graduate of University of Toronto (MSc, MBA), where he studied biochemistry and medical genetics before completing his business degree. He is a member of the Licensing Executives Society, the Project Management Institute, the Toronto Biotechnology Initiative, and the Toronto Venture Group.

Reporting to the OnSETT Board of Directors, Mr. Jones will implement a variety of initiatives to enhance technology transfer at Ontario’s universities, hospitals and research institutes.

“We are delighted to have Mr. Jones join the OnSETT team,” says John Molloy, Chair of OnSETT. “His extensive experience in all areas of research commercialization, coupled with his strong background in both business and science, make him an ideal choice for our organization at a pivotal time in its evolution. We look forward to working with him to advance the profession of technology transfer in Ontario.”

Information:
John P. Molloy, Chair
Ontario Society for Excellence in Technology Transfer (OnSETT)
President & CEO
PARTEQ Innovations
613. 533. 2342
www.parteqinnovations.com

About OnSETT:
The Ontario Society for Excellence in Technology Transfer (onSETT), representing universities, research hospitals and other institutions, is the voice for technology transfer across Ontario. OnSETT's mission is to foster a robust technology transfer environment by strengthening commercialization networks, promoting high quality commercialization practices, collecting and disseminating statistics and measures of commercialization activity, and educating members and stakeholders.