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Business of research studied.


The fusion is getting off to a slow start, but there may be a unification of test tubes and dollars as Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada.  promoters work to turn research into big business.

Proponents of Science Works, a cluster development Cluster development (or cluster initiative) is the economic development of business clusters. The cluster concept has rapidly attracted attention from governments, consultants, and academics since it was first proposed in 1990 by Michael Porter.  concept being floated by the city's two government forest research institutes, expect to hear sometime this summer whether their application for public funding Public funding is money given from tax revenue or other governmental sources to an individual, organization, or entity. See also
  • Public funding of sports venues
  • Research funding
  • Funding body
 to undertake a business feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented.  will be approved.

Geoff Munro, director general of the Great Lakes Great Lakes, group of five freshwater lakes, central North America, creating a natural border between the United States and Canada and forming the largest body of freshwater in the world, with a combined surface area of c.95,000 sq mi (246,050 sq km).  Forestry Centre in Sault Ste. Marie, says although the still-evolving science park concept remains at the "developmental stage," applications have been submitted to various funding agencies for the project. Applications have beenmade to FedNor and the Northern Ontario Heritage Fund The Northern Ontario Heritage Fund is a division of the Ministry of Northern Development and Mines in the Canadian province of Ontario, whose purpose is to provide funding and program support to foster economic development in the economically disadvantaged Northern Ontario region.  to drum up support and money for a $100,000-business feasibility plan this year.

"Our hope is that the Science Works initiative will serve as an attraction as the place to do biotech work in Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing.

Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it
," says Munro, one of the main drivers of the Science Works concept.

"We have the infrastructure here and we can create an environment of education and entrepreneurial capacity."

The city already has instant worldwide credibility in the fields of scientific research in the federal forestry centre and the Ontario Forest Research Institute Ontario Forest Research Institute (OFRI) is a division of the Ministry of Natural Resources (Ontario) (OMNR) located in Sault Ste. Marie, Ontario, Canada. This institute is composed of research scientists, specialists, statisticians, technicians, management, and  (OFRI), the research arm of the Ministry of Natural Resources. Collectively they employ about 400 people and conduct more than $20 million in research annually.

The two centres house a treasure trove TREASURE TROVE. Found treasure.
     2. This name is given to such money or coin, gold, silver, plate, or bullion, which having been hidden or concealed in the earth or other private place, so long that its owner is unknown, has been discovered by accident.
 of forestry scientists and insect experts supplemented with visiting scientists and graduate students on special exchange programs from as many as 20 universities worldwide at any given time.

The Science Works concept aims to formally unite the Sault's research community and one day create hundreds of high-paying jobs.

The ultimate goal is to use knowledge and science as key to diversifying the local economy based on science.

The City of Sault Ste. Marie, one of the project partners, allocated $12,500 toward the business plan, which was matched by a bevy bevy

a flock of birds.
 of contributions from public, private and nonprofit partners including Sault College, Algoma University College Algoma University College is a postsecondary institution in Sault Ste. Marie, Ontario, Canada, offering undergraduate university degrees in more than 25 academic programs.

Algoma is currently an affiliated college of Laurentian University in Sudbury.
, the Upper Lakes Environmental Research Network, the Group Health Centre, St. Marys Paper, forestry consultants Rio Forest Technologies Inc. and R& B Cormier Inc., the Industrial Research Assistance Program and the Innovation Centre.

The concept has also drawn interest from Valent BioSciences, a major American agrichemical ag·ri·chem·i·cal  
n.
Variant of agrochemical.
 corporation currentiy working on a project with Rio Forest.

After discussing the concept with a number of funding agencies, Munro expects approvals and planning to begin by early summer and hopes to move forward with marketing some of the bigger project initiatives this fall.

Their application includes recommendations on a governance model and some ideas for some undisclosed projects that fit under the science park theme.

Munro feels the timing is right with the Canadian Innovation Strategy, which demands product commercialization and the provincial push for the clustering of science and technology in areas of biotechnology.

The provincial government gave the biotechnology sector a boost to encourage investment by creating a $51-million fund, including $30 million to create up to 30,000 jobs across Ontario.

The Business Development Bank of Canada The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting.  is also targeting $200 million in venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends  for biotech companies during the next five years.

"Sault Ste. Marie does have the strong capability with the two labs," says Munro.

As well, the Great Lakes Forestry Centre still holds the patent rights to a number of natural-based pesticides, he says, but government researchers do not have entrepreneurial capacity and are restricted from commercializing these products.

"Historically the reward system for government-based research does not include taking that extra step of commercializing it," says Munro.

On some occasions, multi-national corporations have borrowed Sault researchers to develop products for the market.

"What we're trying to do is turn that around and have the power of the synergy created by having entrepreneurs and educators working with the scientists and create an environment that is built on that synergy, says Munro.

"Why should we export the product when we might be able to develop it here?"

Munro uses the analogy of two anchor tenants - namely the federal Great Lakes Forestry Centre and the Ontario Forest Research Institute - situated at opposite ends of a successful shopping mall occupied by related business startups or branch offices.

Munro's personal vision is a building situated on the waterfront between the two Queen Street East government facilities featuring several teaching labs and an entrepreneurial development centre for startups where venture capitalists could meet with researchers and educators to learn about their work.

The true essence of the concept is not to steal jobs away from neighbouring communities, but tap into outside investment, recruit business savvy people and create new positions.

"If we attract science jobs from North Bay, Sudbury and Thunder Bay, all we've done is re-arrange the deck chairs in Northern Ontario, we've haven't won anything."

Though the project proponents have talked to a number of companies, Munro says no deals are close to being done.
COPYRIGHT 2003 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Ontario Forest Research Institute; Great Lakes Forestry Centre; science park concept considered
Author:Ross, Ian
Publication:Northern Ontario Business
Geographic Code:1CONT
Date:Jul 1, 2003
Words:831
Previous Article:Canada accused of dragging its feet over funding.(Brief Article)
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