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Evolving the Innovation Ecosystem
Edmonton Innovation Ecosystem Community MeetingMarch 7, 2019
Welcome
Cheryll WatsonInnovate EdmontonEdmonton Economic Development Corporation
Edmonton Innovation Ecosystem Community (EIEC)
Collaborate to Evolve and Improve
the Edmonton Innovation Ecosystem
AB Artificial Intelligence
Steering Committee
Work Nicer
Team Alberta Innovation Coalition (TAIC)
Alberta Innovates
Amii
Health City
RainforestAB - YEG
Edmonton Advisory Council on Startups(EACOS)
Alberta Enterprise Corp
Talent Advisory Council on
Technology (TACT)
ERINNAIT, NABI, TEC Edmonton
(2016 – 2019) Startup Edmonton (2019 - )
Who is the Edmonton Innovation Ecosystem Community
EVERYONE… that wants to take an active role in creating
a thriving and effective Edmonton innovation
ecosystem
Post-Secondary Institutions
Concordia, McEwan, NAIT, UAlberta, Kings, Norquest
Pitchfest
Technology AlbertaAlberta
Women Entrepreneurs
Business Link
Chamber of Commerce
City of Edmonton
Futurepeneur
Government of Alberta
Valhalla Angels
VMS
Tech Entrepreneurs
& Founders
Cheerleaders & Supporters
Established Business Leaders
Sprout Fund
A100
3:00 – 3:15 pm Gather & Welcome
3:15 – 3:40 pm Innovation Strategy Timeline & MeasurementTable discussions
3:40 – 4:20 pm YEG Innovation Compass – Chris Henderson, ZGMEntrepreneur Engagement plan & progress
4:20 – 4:30 pm Wrap-up Next Mtg, Announcements, Rogers Suite Ticket Draw
4:30 – 5:30 pm Networking & ConversationChris Henderson will be available for conversation
Agenda3:00 – 5:30 pm
Evolving the Innovation Ecosystem – 2019 Timeline
December2018
July2019
December2019
April 2019
October2019
December 2018
Engage Prioritize Strategy Implement / Pivot Assess Measure
*Potential pillars based on common ecosystem assets; dependant on entrepreneur feedback
Engage: Critical Paths1. Full Scale Entrepreneur Engagement2. Edmonton Advisory Council on Startups (EACOS)3. Startup Genome – Program Assessments
Strategy: Pillars*1. Talent2. Mentorship3. Investment4. Market/Customers5. Community6. Infrastructure7. Policy
Implement1. New Programs2. Program Changes3. Policy Recommendations4. Real Estate
Measure1. Startup Genome – Stage of Ecosystem2. Program Net Promoter Scores (NPS)3. Annual Economic Impact Survey (EEDC/TEC)
4. Canadian Business Accelerator Incubator measures (BAI)
5. RainforestAB Annual Summit Scorecard
Ongoing Community, Shareholder, Stakeholder, Partner Engagement
Edmonton Innovation Ecosystem Measures of Success
Ecosystem Measures 2018 Results 2020 Target
Ecosystem Value $77 Million $140 Million
Startup Output 100 - 250 400
Early Stage Funding per Startup $60 Thousand $100 Thousand
Foreign Customers 36% 40%
Annual Rainforest Scorecard 643 800
At Your Tables Discuss & Report Out
• Is this timeline realistic?• What questions do you have?
• Pls provide feedback on measures• What else should we be measuring?
Notetaker & Spokesperson
YEG Innovation Compass
Chris Henderson, ZGM Modern Marketing Partners
Pilot: December 12 – 15, 2018• 4 sessions, 38 participants• Validate engagement methodology
YEG Innovation Compass Launch, February 25, 2019• 5 sprint periods• Entrepreneur hosted sessions, community
facilitated sessions, 1:1 phone interviews, office hours, on-line platform
Principles We Built The Engagement On
• No predetermined outcome or path
• Entrepreneur-led hosted
• Third-party run
Pilot - Initial ThemesStrengths
• Edmonton is home
• UAlberta is a driver
• YEG is the right place at the right time
• We are at a tipping point
Pilot - Initial ThemesAreas of Focus Moving Forward
• Programs are not delivering value• Lack of entrepreneur leadership &
connectedness• Funding programs are hard to
access
• Access to new customers and markets
• Lack of local customer support• Access to capital is challenging• Changes in economy impacting
supply-demand
Over To YouThere are Two Sheets on Your Table With Three Questions:• Based on the mini-summary, what do you believe are the most important areas of focus for this
ecosystem to thrive?
• What have you seen in other jurisdictions that we should consider here?
• Give us general feedback on the programs offered in the tech-enabled ecosystem (Startup, Edmonton Research Park, TEC Edmonton, etc)?
Over To YouAt your table:• Split into groups of five
• Assign a notetaker for your group
• Take 5-7 minutes with each question
• Leave the sheet at your table so we can collect them
Announcements
3 minute updates
Rogers Ticket DrawTickets to join us in the Rogers suite for the Edmonton Oilers vs. Anaheim Ducks game
Saturday, March 30th 8:00 p.m.
Next Meeting – Thursday, April 11th
Topics• YEG Innovation Compass - Sprint Results
• Spring City Budget Review – Innovation Investments
• TEC Edmonton – Data driven program development
Feedback is a gift. Please be generous and leave constructive suggestions on how we can continue to make these meetings better using the cards on your table. Thank you.