April, 2010

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Education-Business Partnerships: A Good Idea

Thursday, April 15th, 2010

Research parks are an important bridge between innovators tucked away in university labs and entrepreneurs looking to commercialize radical, new ideas. Research parks create opportunities for tech innovations to be commercialized and make a real impact on the world by providing affordable, collaborative workspaces to technology sector start-ups.

But research parks can’t do it all. In many instances, there is still the need to teach innovators how to move their ideas from conception to commercialization.

To help close the gap between educational institutions and BC’s technology sector, Discovery Foundation’s recently launched Technology Education Program helps educators prepare students and entrepreneurs for the new marketplace reality.

Discovery Foundation has engaged industry and commercialization leaders BCTIA, Wavefront, ACETECH, SFU Time Centre, and BCIT for the Discovery Foundation Technology Education Program. Programs such as ACETECH’s Discovery Foundation Market Entry Program for technology entrepreneurs and the Vancouver Greentech Exchange’s The French GreenTech Connexion help connect students and entrepreneurs with the skills needed for commercialization.

Programs like these help innovators move their inventions from the bench to the marketplace with input from research experts and major players in the technology industry. It’s a dynamic partnership that will help diversify BC’s economy to include knowledge capital.

Commercialization through Collaboration

Tuesday, April 6th, 2010

Research parks work because within each parks’ proverbial walls there are many early-stage companies vying for commercialization.

Traditional thinking would dictate that this type of proximity would lead to competition—which is healthy—but in reality, it fosters innovation.

Why? Simply put: collaboration.

Small start-ups looking to commercialize are better off being surrounded by organizations in a similar position. Learning from each other’s successes and failures, tweaking strategies and sharing great ideas, these companies help push each other to marketplace success. But finding the money to move from a garage to an established science and tech hub can be quite the hurdle.

Discovery Parks knows smaller start-ups need a home—somewhere they can afford, somewhere they can grow, somewhere they can collaborate.

That’s why we opened the Commercialization Centre.

Smaller, early-stage companies shouldn’t have to break the bank to afford office and lab space. In fact, in the Commercialization Centre, they can develop their ideas in an environment surrounded by organizations that understand how difficult those early years can be.



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