[PPT] - GENESIS GENESIS Group Group Presentation to Presentation to PowerPoint Presentation

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GENESIS GENESIS Group Group

Presentation to Presentation to ISRN Conference ISRN Conference April 28, 2009 April 28, 2009 p , p ,

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GENESIS Group GENESIS Group h d d h d d What does it do? What does it do?

Tech Transfer

Industrial Partnerships

Spin

Spin-

offs & Business Incubation
ffs & Business Incubation

Cluster development

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GENESIS Group GENESIS Group GENESIS Group GENESIS Group

Commercialize University Research for the

Commercialize University Research for the Good of Society Good of Society

Outreach

Outreach private sector & community private sector & community

Outreach

Outreach –private sector & community private sector & community

Economic Development

Economic Development – – Provincial, Provincial, R i l d N ti l R i l d N ti l Regional and National Regional and National

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Genesis Group Genesis Group b l h b l h Mobilizing the Community Mobilizing the Community

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Genesis Group Genesis Group – – 4 4th

th Pillar

Pillar O i i O i i Organization Organization

Liaison and co Liaison and co-ordination Academia, Gov’t

rdination Academia, Gov’t

Liaison and co Liaison and co ordination Academia, Gov t

rdination Academia, Gov t

and Industry and Industry Research best practices & novel approaches Research best practices & novel approaches Research best practices & novel approaches Research best practices & novel approaches Design programs Design programs – –adopt or adapt adopt or adapt Secure support from the other 3 pillars Secure support from the other 3 pillars Secure support from the other 3 pillars Secure support from the other 3 pillars Implement new programs Implement new programs

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ISRN ISRN

Research Infrastructure Research Infrastructure Physical Infrastructure Physical Infrastructure Physical Infrastructure Physical Infrastructure Cultural/creative Infrastructure Cultural/creative Infrastructure

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Research Infrastructure Research Infrastructure Research Infrastructure Research Infrastructure

Transfer University technologies to

Transfer University technologies to Industry Industry

Create Spin

Create Spin offs

ffs

Create Spin

Create Spin-offs

ffs

Provide access to University expertise and

Provide access to University expertise and f iliti f iliti facilities facilities

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Research Infrastructure Research Infrastructure Research Infrastructure Research Infrastructure

Tech Transfer

Tech Transfer-Lack of receptor companies Lack of receptor companies

Tech Transfer

Tech Transfer Lack of receptor companies Lack of receptor companies

Spin

Spin-

offs
ffs –

– lack of Entrepreneurs & Mgt lack of Entrepreneurs & Mgt P id P id b t i t b t i t

Provide access

Provide access – basement inventors or basement inventors or weak companies weak companies

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Technology Incubator Technology Incubator Technology Incubator Technology Incubator

Physical infrastructure

Cultural/creative infrastructure

Cultural/creative infrastructure Lit t h i it NB d C l Lit t h i it NB d C l

Literature search, visit NB and Calgary

NBIA Conference

NBIA Conference -

New Orleans

New Orleans

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Technology Incubator Technology Incubator Technology Incubator Technology Incubator

Visionary Entrepreneurs

Private Sector Selection Board

Private Sector Selection Board A t MUN R A t MUN R

Access to MUN Resources

Advisory Boards

World Class Mentors

Angel and VC funding

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Genesis Centre Genesis Centre Genesis Centre Genesis Centre

7 000 sq ft centre on campus

7 000 sq ft centre on campus -$250 000 $250 000

7,000 sq ft centre on campus

7,000 sq ft centre on campus $250,000 $250,000

SIE of MUN

SIE of MUN – – Operating costs Operating costs -

$1.2 Million

$1.2 Million E t hi Ch i E t hi Ch i $1 3 illi $1 3 illi

Entrepreneurship Chair

Entrepreneurship Chair -

$1.3 million

$1.3 million

Boards, Mentors, Selection Boards

Boards, Mentors, Selection Boards – – Priceless ( volunteers) Priceless ( volunteers)

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Entrepreneurship Chair Entrepreneurship Chair Entrepreneurship Chair Entrepreneurship Chair

Motivated students

Orchestrated start

Orchestrated start-

ups

ups R h t hi R h t hi

Research on entrepreneurship

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Genesis Centre Incubator Genesis Centre Incubator Genesis Centre Incubator Genesis Centre Incubator

Second City Comedy club

Entrepreneurial culture

Entrepreneurial culture P t P t

Peer group support

Farm league for investors

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Mentors & Advisory Boards Mentors & Advisory Boards Mentors & Advisory Boards Mentors & Advisory Boards

Business Plan

Equity

Equity M k t A M k t A

Market Access

Management Team

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Venture Funding Venture Funding Venture Funding Venture Funding

Researched and advocated

Researched and advocated -Investor Tax Investor Tax

Researched and advocated

Researched and advocated Investor Tax Investor Tax Credit Program ( 20% and 35%) $250K Credit Program ( 20% and 35%) $250K

Researched and advocated LSVC Fund

Researched and advocated LSVC Fund- GrowthWorks GrowthWorks R h d d d t d P i F d R h d d d t d P i F d

Researched and advocated Pension Fund

Researched and advocated Pension Fund (3%) (3%) – – no luck yet no luck yet

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Results Results Results Results

23 graduates

$12 million private equity

$12 million private equity A l l i f $100 illi A l l i f $100 illi

Annual sales in excess of $100 million

2% Royalty on sales or an equity position

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Graduates Graduates Graduates Graduates

– Garrison (Gibson) Guitars Garrison (Gibson) Guitars

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Mobilizing University Expertise Mobilizing University Expertise Mobilizing University Expertise Mobilizing University Expertise

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Garrison Guitars Garrison Guitars Garrison Guitars Garrison Guitars

Manning Innovation Award

Angel and VC funding

Angel and VC funding -

$2million

$2million NL l t NL l t $4 illi $4 illi

NL plant

NL plant -

$4 million

$4 million

Employs 40 people

Exports to 35 countries

Purchased by Gibson

Purchased by Gibson – expanding plant expanding plant

Purchased by Gibson

Purchased by Gibson expanding plant expanding plant

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Graduates Graduates Graduates Graduates

– Garrison (Gibson) Guitars Garrison (Gibson) Guitars Rutter Technologies Rutter Technologies – Rutter Technologies Rutter Technologies

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Rutter Technologies Rutter Technologies Rutter Technologies Rutter Technologies

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Rutter Inc Rutter Inc Rutter Inc Rutter Inc

Technology from the Marine Institute

Black Box Voyage recorder

Black Box Voyage recorder S l $75 illi ($25 Milli Bl k B ) S l $75 illi ($25 Milli Bl k B )

Sales $75 million ($25 Million Black Box)

450 employees (250 in NL)

Partner with Memorial on new sub

Partner with Memorial on new sub-

sea

sea systems systems y

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Graduates Graduates Graduates Graduates

– Garrison (Gibson) Guitars Garrison (Gibson) Guitars Rutter Technologies Rutter Technologies – Rutter Technologies Rutter Technologies – Virtual Marine Technologies Virtual Marine Technologies

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VMT VMT VMT VMT

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VMT VMT VMT VMT

Grad student Entrepreneur

Lifeboat and rescue boat simulators

Lifeboat and rescue boat simulators A l I t d VC A l I t d VC G th k G th k

Angel Investor and VC

Angel Investor and VC – Growthworks Growthworks $2.5 Million $2.5 Million

Offshore Oil Company and Cruise line

Offshore Oil Company and Cruise line sales sales

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Graduates Graduates Graduates Graduates

– Garrison (Gibson) Guitars Garrison (Gibson) Guitars Rutter Technologies Rutter Technologies – Rutter Technologies Rutter Technologies – Virtual Marine Technologies Virtual Marine Technologies Verafin Verafin – Verafin Verafin

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Verafin Verafin Verafin Verafin

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Verafin Verafin Verafin Verafin

MUN Engineering Grad Students

Anti Money Laundering Software

Anti Money Laundering Software M lti M lti Milli $ l i N th A i Milli $ l i N th A i

Multi

Multi-Million $ sales in North America Million $ sales in North America

Angel Investment

Angel Investment – – MUN Alumnus $250K MUN Alumnus $250K

Killick Capital

Killick Capital -

VC investment

VC investment -

$1 Million

$1 Million

Employs 70 people

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Graduates Graduates Graduates Graduates

– Garrison (Gibson) Guitars Garrison (Gibson) Guitars Rutter Technologies Rutter Technologies – Rutter Technologies Rutter Technologies – Virtual Marine Technologies Virtual Marine Technologies Verafin Verafin – Verafin Verafin – Cathexis Cathexis

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Cathexis Cathexis Cathexis Cathexis

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Cathexis Cathexis Cathexis Cathexis

MUN Engineering Grad Students

RFID Technologies

RFID Technologies ID Bl R d ID Bl R d

ID Blue Reader

Industrial Asset Management

$3 million in VC

Strategic Alliance with Microsoft