Transcript Thoughts for Successful Commercialization Darlene Homonko, PhD Executive Director [email protected] www.ghbn.org Commercialization of Innovative Research: Implementing Solutions that Work for Canada Osgoode Hall ,York University Toronto ON March 20, 2009 Golden.

Thoughts for Successful Commercialization
Darlene Homonko, PhD
Executive Director
[email protected]
www.ghbn.org
Commercialization of Innovative
Research: Implementing Solutions that
Work for Canada
Osgoode Hall ,York University
Toronto ON
March 20, 2009
Golden Horseshoe Biosciences
Bioscience Network
Network––Solutions
Solutionsfor
forLife
Life
Partners in a Regional Innovation Initiative
Municipal
Governments
Business
Support
Services
Industry
Academic
Institutions
GHBN
Health
Sciences
Centres &
Hospitals
Other
Regions &
Consortia
Federal &
Provincial
Government
Network of business leaders, researchers, entrepreneurs, and economic
development officers involved in biosciences, biotechnology, and related fields
Golden Horseshoe Bioscience Network – Solutions for Life
Fundamentals
1. Assets
2. Opportunity
3. Resources
Golden Horseshoe Bioscience Network – Solutions for Life
Cultures with Different Values
Academia
Publish
Research
Share information
Answer to public
Inclusive
Driven by ideas
Time insensitive
Industry
Patent
Development
Secretive
Answer to shareholders
Exclusive
Driven by markets
Time sensitive
Golden Horseshoe Bioscience Network – Solutions for Life
Currency for Commercialization
Research outcomes that produce value Intellectual Assets
–
–
–
–
Patents
Copyrights
Trademarks
Know How
Golden Horseshoe Bioscience Network – Solutions for Life
The Opportunity
3 Fundamental ‘Value Drivers’ -
• Competitive Product Advantage/ Markets
• Technology/IP opportunities
• Management
Golden Horseshoe Bioscience Network – Solutions for Life
Keys to Early Stage Success
Orientation to products, markets and partners
Focus on scientific milestones
Patent strategy
Operationally sound development plan
Management
Founders need to be engaged
Commercial expertise
Create value at every development stage
Golden Horseshoe Bioscience Network – Solutions for Life
Issues Affecting Successful
Commercialization
Technology or Intellectual Property
Economics/ROI
Market
38%
35%
27%
Golden Horseshoe Bioscience Network – Solutions for Life
Darlene Homonko, PhD
Darlene Homonko, PhD
Executive Director www.ghbn.org
[email protected]
[email protected]
www.ghbn.org
Golden Horseshoe Biosciences
Bioscience Network
Network––Solutions
Solutionsfor
forLife
Life