The President and CEO of MCN BioProducts tells a story about his first day on the job. Todd Lahti was brought on board to help a group of researchers get their specialized canola processing technology to market. “The first question I asked was how much does the process cost?” Lahti pauses, scans the audience, and continues. “They didn’t know. They had identified a market need and thought that was enough.” Lahti then shares his story of how they had to re-engineer the equipment and refine the technique again and again until they came up with an economically viable method for their protein extraction process. Then they were ready to start filing additional patents and look for licensing partners, which was a whole other adventure.
It’s that type if first hand account of the commercialization process drawing researchers and entrepreneurs into the new Commercialization & Investment Luncheon Series being put on by Ag-West Bio and the Entrepreneurial Foundation of Saskatchewan, both clients of Innovation Place.
Brad Bly is Ag-West Bio’s Technology Commercialization Manager and one of the event organizers. “We’re very good at developing technology in Saskatchewan but we want to direct more focus on commercializing it.” Bly says taking the step from inventor to business person can be daunting but this series should make researchers and budding entrepreneurs more aware of the assistance that is out there.
“The Entrepreneurial Foundation of Saskatchewan helps people become investment ready and helps to demystify the process,” says David Gauthier, CEO of the Entrepreneurial Foundation of Saskatchewan, as he explains his organizations involvement.
Although the lunchtime seminars are billed as a series and are presented in what Bly describes as a natural sequence, each one could be a standalone event which is fitting given that the path to commercialization is not linear.
Several speakers have been lined up to tackle upcoming topics including understanding risk, raising private equity and maximizing market opportunities. If the first seminar is any indication, attendees have a great opportunity to not only get good information, but ask questions that can lead to interesting discussions.
The five part series wraps up in January 2010. For more information go to www.agwest.sk.ca or www.efsk.ca.





