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NEWS 2011-2012
Queen’s University’s PARTEQ Innovations, Ottawa universities and hospitals join forces to bring innovation to market
PARTEQ signs master services agreement with Carleton University
April 6, 2011
KINGSTON – Eastern Ontario’s universities and research institutes and their research commercialization offices are joining forces to grow the region’s innovation capacity.
Working together as the Rideau Commercialization Network, research commercialization experts at Queen’s University’s PARTEQ Innovations and the Ottawa Technology Transfer Network (OTTN) aim to increase the impact of innovations from Eastern Ontario’s academic research base by sharing their expertise and resources to advance these discoveries towards the market.
The new Rideau Commercialization Network is being funded through a $1 million investment from the Ontario Centres of Excellence Technology Transfer Partnership (OCE-TTP) program.
“For several years PARTEQ has had the pleasure of working with Ottawa’s universities and affiliated institutes to help advance their discoveries to market,” says John Molloy, President & CEO of PARTEQ. “With combined research budgets of close to $600 million, our collective institutional research efforts generate a pool of technology opportunities that is both wide and deep. The establishment of the Rideau Commercialization Network enables us to collaborate more effectively and strategically to make the most of these innovation opportunities.”
“OTTN has integrated the research commercialization activities of the University of Ottawa and its members, including hospital research institutes, for over five years. OTTN has collaborated with PARTEQ on Proof-of-Principle (PoP) funding and other research commercialization activities since 2007,” says Joe Irvine, Director, Technology Transfer Business Enterprise at University of Ottawa and Director of OTTN. “The Rideau Commercialization Network allows OTTN to dedicate resources to commercialization projects and will allow OTTN to work with the expertise of the PARTEQ team on projects to develop and commercialize research discoveries.”
“The establishment of the Rideau Commercialization Network is really what technology transfer is all about,” says Dr. Tom Corr, President & CEO of Ontario Centres of Excellence (OCE). “It strengthens public research institution and industry linkages, which benefit the local economy.”
The new network comprises the technology transfer activities at Queen’s University, PARTEQ Innovations, the Royal Military College of Canada, St. Lawrence College, Kingston General Hospital and the Ottawa Technology Transfer Network (University of Ottawa/TTBE), the Children’s Hospital of Eastern Ontario (CHEO), the University of Ottawa Heart Institute and the Ottawa Hospital Research Institute (OHRI).
To augment its commercialization activities, the Rideau Commercialization Network has also been awarded $400,000 per year for two years to fund early stage development of promising technologies across the new network. This Proof of Principle (PoP) fund will be administered through PARTEQ, which partnered with OTTN to manage and invest more than $2.5 million in the Eastern Ontario Proof of Principle fund since 2007.
PARTEQ is also pleased to announce that it has signed a master services agreement with Carleton University. Under this agreement PARTEQ will provide its full suite of commercialization services to researchers at Carleton University, including faculty outreach, technology assessment and, where appropriate, technology management.
“Carleton is pleased to partner with PARTEQ to support our researchers and enhance their ability to commercialize their research,” says Dr. Kim Matheson, Vice-President (Research and International) at Carleton. “This partnership provides our researchers with access to PARTEQ's commercialization services and allows them to focus their own energies on doing the cutting-edge, innovative research for which Carleton is increasingly recognized.”
“Carleton has collaborated informally with PARTEQ in providing access to researchers and their technology opportunities for some time,” Mr. Molloy says. “With this agreement we look forward to providing much more in-depth outreach and assistance to the university’s technology innovators.”
Contact:
John Molloy
President & CEO, PARTEQ Innovations
P: 613. 533. 2342
E: jmolloy@parteqinnovations.com
About Ottawa Technology Transfer Network:
The Ottawa Technology Transfer Network (OTTN) was established in 2005 between the research commercialization activities of the University of Ottawa, the Ottawa Hospital Research Institute (OHRI), the Children’s Hospital of Eastern Ontario (CHEO) Research Institute and the University of Ottawa Heart Institute.
About University of Ottawa TTBE:
The Technology Transfer and Business Enterprise (TTBE) office at the University of Ottawa increases the impact of research through the partnerships that foster innovation and facilitate technology development and commercialization. The University of Ottawa, one of Canada’s top research-intensive universities, is committed to research excellence and encourages an interdisciplinary approach to knowledge creation, which attracts the best academic talent from across Canada and around the world.
About Research at Carleton University:
Discoveries at Carleton are making a significant contribution to our country and the world. With more than 850 research projects underway, $73 million in research funding, 24 Canada research chairs and myriad public- and private-sector partnerships, Carleton is making its mark in fields as diverse as digital media, health, the environment and sustainability and globalization.
About Ontario Centres of Excellence (OCE):
Ontario Centres of Excellence (OCE) Inc. drives the commercialization of cutting-edge research across key market sectors to build the economy of tomorrow and secure Ontario’s global competitiveness. In doing this, OCE fosters the training and development of the next generation of innovators and entrepreneurs and is a key partner with Ontario’s industry, universities, colleges, research hospitals, investors and governments. A champion of leading-edge technologies, best practices and research, Ontario Centres of Excellence invests in sectors such as advanced health, digital media and information communications, advanced manufacturing and materials, and cleantech including energy, environment and water. OCE through its Centre for Commercialization of Research (CCR), an initiative supported by the federal government, also acts as a catalyst which allows innovative businesses to grow and achieve sustainable commercial success and global competitiveness. Ontario Centres of Excellence is a key partner in delivering Ontario’s Innovation Agenda as a member of the province’s Ontario Network of Excellence (ONE). Funded by the Government of Ontario, the ONE is Ontario’s innovation system. The ONE is made up of regional and sector focused organizations designed to help Ontario-based entrepreneurs rapidly grow their companies, and create jobs. For more information visit oneinnovation.ca |
