“the power of convergence”
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“The Power Of Convergence”. Murray Wigmore Executive Director. YORK biotech Mission. Mission. - PowerPoint PPT PresentationTRANSCRIPT
“The Power Of Convergence”
Murray Wigmore
Executive Director
YORK biotech Mission
The mission of York biotech is to act as a catalyst
to harness the wealth of intellectual and technical
resources to promote economic success and growth
of the biotechnology industry as a key strategy for
economic development in our region
Mission
Timmins
Kingston
Greater Sudbury
London
Hamilton
Barrie
Ottawa
Windsor
Brockville
Chatham-Kent
North Bay
Sarnia
Elliot Lake
Peterborough
Belleville
St. Catharines - Niagara
Guelph
Sault Ste. Marie
Toronto
KingstonGuelph-WaterlooGolden HorseshoePeterboroughWindsorNorthern OntarioToronto ConsortiumYork Regional ConsortiumMississaugaOttawa and Eastern RegionNo Data
CMA - CA boundary
BCIP Regions, CMA-CA and CDs
Data source: Ontario Biotechnology Secretariat, Life Science and Technologies Branch Ministry of Enterprise, Opportunity and Innovation, Government of Ontario, Sept. 2003 SIEID - EASD, Statitsics Canada, 09/03
Thunder Bay#
York Biotech • 37 affiliates that span four key
sectors: companies (SMEs and MNEs); Academia and hospitals; Governments (local, provincial, federal); And associations
• “YRBC will focus on creating a strategy that will drive initiatives which will provide value to all affiliates”
Vision I
MEDEC AOMM
ISCMHTX
York Biotech
Seneca
SunnybrookYRDSB
YTABarrie
Venn Growth
RBC
Sinofi-Pasteur
IBM
MDS
York U
MarkhamYork Region
NRCMEDT
Education and Research
Business support
Networking
Financial support
Global markets
Infrastructure
Government funding
OtherSME
MNE
The Importance of Clusters• A cluster is a group of interrelated companies,
organizations, associations, academic institutions, suppliers, service provides, etc. of a particular field located in the same geographical area
• Clusters promote regional economic and knowledge growth
• Benefits of clusters:– Accelerate the pace of innovation– Attract investment – Stimulate job creation– Generate wealth
Everyone Is Claiming “Convergent Technology”
• Bio-informatics, proteomics in bio/pharma drug discovery
• Photonics and mass spec in Proteomics• Pharmaceutical coated stents• Robotic surgery and communications• Telemedicine, EPR and PACS• Supercomputing and 3D realtime
visualization• Nanotechnology in biosensors and
drug/gene therapy delivery
Convergent Medical Technology
– Synergistic “intermingling” of 2 or more distinct technologies creating a new, hybrid device, process or product applied in health prevention, screening, diagnosis, therapy, monitoring or functional enhancement.
– At its simplest, the synergy results in improvement in the existing mode of action of an incumbent technology or one essentially unaltered product used in conjunction with another.
– At its most sophisticated, the synergy produces a new MOA distinct from each component technology with, in some cases, a “disruptive” level of performance, representing an entirely new class of applications.
This implies several classes of CMT• CT Devices/SystemsCT Devices/Systems: a CMT which directly applies
the combined technologies (e.g. Light-activated pharmaceuticals; in-vivo nanotech sensors or robotic surgery)
• CT ManufacturingCT Manufacturing: a new material / device /biologic/pharmaceutical created by a convergent manufacturing process
• CT TargetingCT Targeting: Use of one technology to target the use of another…but by themselves neither the targeting nor drug would be effective (e.g. patient-specific chemotherapy sensitivity or drug resistance assessment)
Companies/researchers Smell a
“Funding Frenzy”
• Potential for “convergence” to attract a portion of the ballooning biotech, Nanotech or new funding.
• Perceived as the next “big thing.”
– Biotech Internet (dot coms).
– Convergent technology.
Technology Life Cycles
Big Pharma,Passive Devices
Biotech, ProtemicsActive DevicesBioinformaticsAdvanced Materials
Convergent Technology
Faster InnovationFaster Diffusion
1900 1970 2000
Convergence Combination Examples
• Telerobotic surgery.– Robotic surgery + Telecomms.
• Surgical simulation.– Natural extensions of existing imaging
procedures.
• Coated stents.– Stents and Paclitaxel both work
independently and are just used together.
Tomorrow’s CT Leaders Are...
• Creating interdisciplinary teams• Identifying alliance suitable partners• Able to articulate the importance of
convergence to their technology strategy• Clear on the proportion of risk capital to
devote to convergent technology