Grants and Tax Credits Workshop David Charest November 21, Life Sciences Ins=tute University of Bri=sh Columbia Burnaby, BC

Transcription

1 Grants and Tax Credits Workshop David Charest November 21, 2016 Life Sciences Ins=tute University of Bri=sh Columbia Burnaby, BC

2 Background Genome Bri=sh Columbia was formed in July 2000 Non-profit research organiza=on Invests in and manages omics research projects and enabling technologies Major investors include Province of Bri=sh Columbia, Government of Canada through Genome Canada and Western Economic Diversifica=on

3 Canadian Genomics Enterprise Genome BC Genome Alberta Genome Prairie Ontario Genomics Ins=tute Genome Canada Génome Québec Genome Atlan=c 3

4 Genome BC Strategic plan 5 Pillars 1. Enhance BC s Recogni=on as a Bioeconomy Leader, AXrac=ng top talent and New Investments 2. Support Innova=on and Sustainability in BC s Key Socioeconomic Sectors through Transla=on of Research 3. Promote and Support World-Class Research 4. Develop a Vibrant Life-sciences Cluster 5. Enhance Recogni=on of the Value of Genomics, while Addressing Societal Concerns 4

5 Genome BC Funding: CraCing a pipeline for pracecal applicaeons 5

6 Sectors Forestry Mining & Energy Fisheries & Aqui-culture Users Agriculture Health

7 Programs to Enable User-Pull Goal: to support research targeted toward the needs of sector Users (e.g. industry, government agencies, not-for-profits) and encourage collabora=ve research between Users and academia User Pull : catalyzing transfer of innova=on to Users (e.g. social and/or economic gain, commercializa=on, implementa=on) User leads User investment User demonstrated resources, exper=se and inten=on to put the plan into effect User ac=vely engaged in the development of research objec=ves Expected to result in net benefit to BC and Canada For example: Genomic ApplicaEons Partnership Program (GAPP) GeneSolve 7

8 Genomic ApplicaEons Partnership Progam (GAPP) Challenge/ Opportunity Sector User Genomic ExperEse Academic ScienEst Catalyze User/ Academic CollaboraEon Genome BC Develop Genomicsderived SoluEon Social and Economic Benefits from Project Deliverables

9 Genome ApplicaEon Partnership Program (GAPP) The goal of GAPP is to increase and accelerate the posieve social and economic impact of Canada s genomic R&D capacity. The main objeceves and parameters:! Catalyze collabora=on and the transfer of knowledge and technology from academia to receptors! Projects range in size from $300K to $6M! Genome Canada provides 1/3 of the investment with remaining from co-funding from other sources! Project terms from 6 months to 3 years 9

10 GAPP ConEnued GAPP Round 8 Date Open Open Open December 2, 2016 January 20, 2017 TBD TBD ApplicaEon Stage Explora=on mee=ng with Users and Academic Partners Invita=on to submit Project Concept document for review Invita=on to sumit drai Expression of Interest (EOI) Final date for submission of drai EOI to Genome BC Final date for submission of EOI to Genome Canada Project Pitch to Genome Canada (by invita=on) Submission of Supplementary Proposal to Genome Canada (by invita=on) 10

11 GeneSolve Challenge/ Opportunity Genome BC Web Portal Genomic ExperEse Sector User Genome BC Academic ScienEst ConnecEng User with Researcher Develop Genomicsderived SoluEon Social and Economic Benefits from Project Deliverables

12 2017 Large-Scale Applied Research Project CompeEEon: Genomics and Precision Health Funding opportunity aimed at suppor=ng projects that will demonstrate how genomics-based research can contribute to a more evidence-based approach to health Improve health outcomes, and/or enhance the costeffec=veness of the healthcare system. AXain concrete deliverables by the end of the funding period that will be posi=oned for transla=on into valuable clinical tools or improved healthcare policies and prac=ces 12

13 2017 Large-Scale Applied Research Project CompeEEon: Genomics and Precision Health Budget range from $2M to $10M Term up to 4 years Genome Canada will provide a por=on of the funding and remainder obtained from co-funding from other sources Applica=on process has 3 steps: registra=on, pre-applica=on and full applica=on Applicants apply through Genome Bri=sh Columbia Expected January 2017 compe==on launch with registra=ons submixed in March

14 Sector InnovaEon Program (SIP) Aims to support projects that will address the needs of each key sector and have the poten=al to generate economic, social and environmental benefits for Bri=sh Columbia in the future The maximum project ask from Genome BC is $250,000; no cofunding is required Project terms of months Project Leaders cannot submit more than one SOI to an intake Project Leaders are not eligible to submit to the program if they have an ac=ve project funded through SIP Next intakes for SOIs February 2 (health) and May 11 (TBD) 14

15 CommercialisaEon Forestry Mining & Energy Fisheries & Aqui-culture Users Agriculture Health

16 Industry InnovaEon Program (I 2 FUND): CommercializaEon support for companies developing life science technologies in BC with Exponen.al Poten.al : Clear pathway to commercializa=on must be demonstrated Economic and social benefits for BC Funding alloca=on: $100,000 to $1,000,000 per company Matching funds required (1:1) Milestone driven Repayable (debt and royal=es) Access to Genome BC network & exper=se 16

17 Strong I 2 Fund candidates will demonstrate: A complete and viable business plan; Qualified and experienced management team; Technology readiness for commercializa=on, strong value proposi=on and sufficient IP; Market poten=al (i.e., poten=al customers/investors iden=fied, etc.); Financial capacity to execute (i.e., non-genome BC funding in place, exis=ng revenues from other product lines, etc.) and ability to repay; and, Measurable economic benefits to BC. 17

18 Genome BC Contacts Catalina Lopez-Correa David Charest VP Sector Development and CSO Director, Sector Development Manager GAPP Anikó Takács-Cox, Pat Brady Manager, Sector Develoment Director, Industry Innova=on Program Manager GeneSolve Manager Industry Innova=on (I 2 ) Fund acox@genomebc.ca pbrady@genomebc.ca