1. Accelerator Center and Maplesoft Announce Partnership

    December 23, 2009 by AURP Canada

    Waterloo, Ontario (December 17, 2009) – The Accelerator Centre (AC), an award-winning and world-renowned centre for the cultivation of technology entrepreneurship, announced today it has struck a partnership agreement with Waterloo’s Maplesoft, to provide the Accelerator Centre and its technology start-up clients with unlimited access to Maplesoft’s technology suite, during their tenure with the AC. The partnership will provide participating companies and their employees with access to world-renowned technology tools like Maple, MapleSim, MapleNet and Maple T.A from Maplesoft.

     “As a Waterloo-founded and headquartered company, we are excited to work with the Accelerator Centre to foster new start-up success, and empower new technology companies in this region to flourish and grow,” says Maplesoft president and CEO, Jim Cooper. “These companies will reinforce Waterloo’s reputation as a leading technology city in North America.”

     Since its opening in April, 2006, the Accelerator Centre has successfully launched into the marketplace five start-up companies, and actively partners with government, technology and industry organizations across the Region of Waterloo and Ontario to provide its start-up clients with the ‘best-of-the-best’ business advice and mentorship.  Maplesoft is the leading provider of high-performance software tools for engineering, science, and mathematics.

     “We’re thrilled to welcome Maplesoft as a partner to the Accelerator Centre,” says Tim Ellis, Accelerator Centre director of operations.  “The engineers, mathematicians and educators, who form the fabric of our client base also represent Maplesoft’s customer base. They are delighted to have access to such a rich and pedigreed suite of tools.”

    About the Accelerator Centre

    The Accelerator Centre (AC) is a world-renowned, award-winning centre for the cultivation of technology entrepreneurship located in Waterloo, Ontario. Made possible through funding from Federal and Provincial Governments, Ontario Centres of Excellence, the Regional Municipality of Waterloo, the City of Waterloo and the University of Waterloo, along with industry and academic partners, the AC was established to accelerate the creation, growth, and maturation of sustainable new technology companies; to promote commercialization of research and technology rising out of academic institutions such as University of Waterloo, Wilfrid Laurier University, University of Guelph, and Conestoga College; and to generate economic benefit and enhance the strategic importance of Waterloo Region within Ontario and Canada’s broader economy.

    Aptly named, the Accelerator Centre is firmly focused on accelerating the growth and success of its client companies – fledgling start ups from a variety of technology sectors. The Centre’s team of advisors and mentors provide a unique range of support services and education programs, enabling AC clients to move to market faster, create jobs and stimulate economic activity. As home to 25+ technology start-up companies, with resident program staff of Ontario Centres of Excellence, National Research Council IRAP and Communitech – the Accelerator Centre has become the nexus for Waterloo’s innovation community.  To learn more about the Accelerator Centre visit our web site at www.acceleratorcentre.com.

    About Maplesoft

    Maplesoft™ is the leading provider of high-performance software tools for engineering, science, and mathematics. Its product suite reflects the philosophy that given great tools, people can do great things.

     Maplesoft’s core technologies include the world’s most advanced symbolic computation engine and revolutionary physical modeling techniques. Combined together, these technologies enable the creation of cutting-edge tools for design, modeling, and high-performance simulation.

     Engineers, scientists, and mathematicians use Maplesoft products to enable them to work better, faster, and smarter. The Maplesoft product suite includes Maple™, the technical computing and documentation environment, and MapleSim™, the high-performance, multi-domain modeling and simulation tool for physical systems.  

     Maplesoft also introduced a fundamental shift in technical education through its Clickable Math™ and Clickable Engineering™ initiatives which deliver powerful mathematics through visual, interactive point-and-click methods. The idea behind this shift is to create technology that will allow students and teachers to focus on the concepts, not the tool.

     Maplesoft’s customers include Ford, BMW, Bosch, Boeing, NASA, Canadian Space Agency, Canon, Motorola, Microsoft Research, Bloomberg, and DreamWorks, covering sectors such as automotive, aerospace, electronics, defense, energy, financial services, consumer products, and entertainment. Over 90% of advanced research institutions and universities worldwide, including MIT, Stanford, Oxford, the NASA Jet Propulsion Laboratory, and the U.S. Department of Energy, have adopted Maplesoft solutions to enhance their education and research activities.

    Visit www.maplesoft.com to learn more.

     For further Information, please contact:

    Tim Ellis, Director, Operations
    Accelerator Centre
    519-500-7711
    Email: tellis@acceleratorcentre.com
    www.acceleratorcentre.com

     Tina George
    Maplesoft
    519 747 2373 ext 352
    Email: tgeorge@maplesoft.com
    www.maplesoft.com


  2. Canada Revolutionizing ICT – A Five Part Series (Abridged Translation)

    by AURP Canada

     Nikkei Business Daily, December 2 – 9, 2009

     By Waichi Sekiguchi, Editorial Writer

     Part One – Way ahead in 3D technology

     Increasing global presence by taking a different path from the USA

     Canada has world-class information and communications technology (ICT). Broadband internet access is widespread, and the country is a leader in 3D graphics as well as games and entertainment software. This series takes a look at Canadian companies and R&D in the ICT filed, where Canada’s strengths differ from those of the neighbouring USA.

     Francois Blais directs 3D graphics research at Canada’s National Research Council in Ottawa.  His group, which possesses the world’s most advanced 3D technology, was asked by the Louvre in France to perform an analysis of Leonardo da Vinci’s Mona Lisa.  By using tiny lasers to scan the painting digitally and record all its minute data including nuances of color and tiny cracks on the surface, they we able to produce a copy that is indistinguishable from the real thing.

     Agfa Healthcare of Waterloo, Ontario, has developed software that produces startlingly realistic 3D images of the interior of the human brain using CT scan data.  Thanks to broadband internet, it can offer its services remotely, producing images of brains of people very far away. Vice President Jeff Nesbitt says, “Unlike the USA, Canada’s health insurance system is government-run, so it has been enthusiastic about using ICT from the start.” He says that his company’s being part of a European conglomerate further indicates how highly Canadian technology is respected.

     One reason Canada chooses to focus on 3D technology is because the neighbouring USA already leads the world leader in basic ICT technologies such as computers and internet. To put it another way, Canada concentrates on applied technologies that work on the US-developed infrastructure.

     A Quebec start-up called Creaform has developed a scanner looking like a large pair of binoculars that produces 3D images of objects it is pointed at. CEO Martin Lamontagne points out that unlike stationary scanners, it can be moved around objects to scan them on all sides.  The device is on sale in over 40 counties. “Our product is ideal for making images of big objects like car mock-ups.  Japanese automobile manufacturers are using it,” Lamontagne says.

     3D technology is also being used for entertainment.  Toronto-based Spatial View has designed a lens filter that fits over an iPhone screen that makes images appear in 3D. it eliminates the need for the viewer to wear special glasses, and the $49 price makes it very popular.  CEP Beat Raemy says that the company also sells software that makes 3D photography possible with an iPhone camera.

     Sensio is a 3D company located in Montreal.  “We need to make it possible to broadcast 3D images and put them on DVD,” says founder and Executive Vice-President Richard LaBerge. Sensio is currently providing technology to Japanese electronics companies and other firms.  It has developed a compression technology that captures 3D images without the usual loss of quality caused by separate left and right images.  It may become the standard for 3D DVD and Blu-ray recording.

     Side Effects Software of Toronto markets “Houdini” 3D image software. Vice-President Richard Hamel points out that the company’s technology has been used in Disney films as well as in Titanic and many other movies.

     Canada has many other great imaging software companies, and there is a reason why there were “born in Canada.” Developing image software requires higher-level mathematics skills that developing business software. Canada’s lower labour costs have given it an advantage. Some of the Canadian companies have been bought out by American firms, but the fact that Canada’s ICT industry has found different paths to pursue (compared to firms in the USA) is one of its underlying strengths.

     Part One(B) – 3D technology expanding for film, video and home electronics

     Leader in 3D content distribution technology

     With Japanese electronics companies now working on 3D technology, 3D TV cannot be very far away. Sensio is a Canadian company developing 3D content distribution technology.  We asked founder and Executive Vice-President Richard LaBerge about the technical issues and about where he expects the technology to go.

     Q: How did you get the idea to work on 3D technology?

    A: We established our company 10 years ago when I was 22 years old. I was working at a bank and my partner was an engineer. I thought at that time that they day of 3D was coming. At first everyone said I was stupid, but things changed in 2005 when Hollywood started getting interested in 3D. In 2003, we demonstrated our technology at a U.S. consumer electronics show, in 2007 we adapted it for satellite broadcasting, and in 2008 we used it for high definition TV.

     Q: Aren’t you competing with very big companies?

    A: Yes, and about five standards currently exist.  We, however, have the advantage of being ahead. We have another advantage because we are not chip manufacturers or sellers; we simply provide the technology. So it is easy for electronics manufacturers to deal with us. As a Canadian start-up company, we have the advantage of neutrality.

     Q: Where do you expect use of 3D technology to expand?

    A: So fair the main interest has been in medicine and the manufacturing industry. But from here on it is going towards movies and video. It opens new markets for cinemas. And now with the standardization of Blu-ray, there is the possibility of not only broadcasting, but of packaged media as well.  About fifteen major global electronics manufacturers are trying to commercialize 3D TV. Out technology stands a good chance of being adopted.

     Q: How is Sensio’s technology superior?

    A: To put it very simply, our technology uses existing 2D infrastructure. To see something in 3D the left eye and the right eye have to see it from different angles. 3D technology typically splits the image data in half, which causes loss of quality.  But we have a special compression technique that allows us to keep nearly 90% of the original image.  So we compress 3D images for broadcasting or packaging (storage) as 2D. Then they are restored to 3D when they are played back.  That means that TV or other receiving device has to have a special chip, but it also makes it easy to switch back and forth between 2D and 3D.

     Q: What about applications like personal computers and game equipment?

    A: Of course we are thinking about it. 3D increases the realism of the games, and 3D game software is already on the market. If Hollywood produces more 3D movies, 3D games will come out based on those films.

     Part Two – Dream computers/quantum computers

     Canadian company to bring out the first commercial product?

     Canada’s Institute for Quantum Computing (IQC) is located at the University of Waterloo, where much of the country’s ICT expertise is concentrated. It is developing quantum computers—also known as “dream computers.” Deputy Director Michele Mosca has been working in the field since 1996. He says that his government-supported institute with a research staff of over 20 people is leading the world in development. Outsiders visiting the lab are not allowed within 3 metres of the experimental equipment.

     First proposed in the early 1980s, Quantum computing takes advantage of quantum phenomena (the smallest possible physical units). While conventional computers calculate with 1s and 0s, quantum computers can use in-between values for a tremendous increase in computing power. It is believed that a quantum computer will be able to perform in a moment a calculation that would take a supercomputer tens of thousands of years.

     Canada’s National Research Council in Ottawa is also involved. Senior Research Official Guy Austing spent 10 years with Japan’s NTT and is familiar with research in the USA and elsewhere as well. He says that although Canada fell behind in supercomputers due to a late start, it aims to stay ahead in quantum computing and the government is actively engaged.

     Canada’s private sector is active as well. Warren Wall is Chief Operating Officer at D-Wave Systems in Burnaby B.C. “We may be the only purely private-sector organization working in this field,” he says. D-Wave calls itself “The Quantum Computing Company.” Wall explains, “Research institutes are trying to prove theories, but we formed this company ten years ago with the goal of developing and selling a product.” They have already raised $70 million in venture capital and have acquired 51 patents with another 130 pending.

     Quantum computers work with “qubits” instead of “bits.” D-Wave successfully developed a 28-qubit device in 2007 and is now working on a 128-qubit model. Photography of the equipment is strictly prohibited. If all goes well, a quantum computer about 3-metres square will be ready in 3 to 5 years.

     No operating system yet exists, so D-Wave is developing a system that can be used together with existing computers. The price is expected to be between 5 and 10 million dollars. “We expect to be the first company in the world to bring out a commercial product,” Wall says.

     Even as Japan cuts budgets for supercomputer research, Canada is charging ahead toward the next generation. 

     Part Three -Canadian firms find growing room in worldwide “niches”

     wireless data transmission, image sensor technology, etc.

     Dalsa Corporation, an image sensor technology company, is one of many hi-tech firms in Waterloo in eastern Canada. Vice-President Patrick Myles points out that it is Dalsa’s technology that enables Google Earth and Google Maps to offer their popular photo views. “Our cameras can photograph a business card from 2000 feet (600 metres) up,” he says. The company’s electronic cameras range in size from those used in semiconductor production right up to those used on NASA’s surveillance satellites. Dalsa controls nearly 70% of the global market for LCD quality control cameras. MEMS (microelectromechanical system) sales are growing as well. Dalsa literally supports Canada’s entire ICT infrastructure.

     Christie Digital Systems, a maker of projection systems for cinemas and other big-screen applications, is based in Kitchener, Ontario—right next to Waterloo. “We made the 6oo-metre screen that you saw at the Beijing Olympics,” says President Gerry Remers. While Japanese and other Asian companies have been fighting it out in the market for small projectors for homes and offices, Christie has taken advantage of Canada’s historical strength in optics to succeed in the big-system market. 3D is a promising new field, and not just for cinemas. Christie has begun selling 3D flight simulators to airlines.  The company is now a subsidiary of Japan’s Ushio Electric. “Introduction of Japanese production techniques has helped us increase sales 400% compared with 10 years ago,” Remers says.

     Waterloo is also home to RIM (Research in Motion), the pioneer and world leader in smartphones. RIM’s BlackBerries are now used in 23 languages by 32 million people in 160 countries. RIM founder and President Mike Lazaridis says, “iPhones are good too, but our BlackBerries are what the world’s business professionals use.” Users include not only Canadian government officials, but also U.S. President Barack Obama. Lazaridis explains that BlackBerries are allowed within the White House because the system is so secure. While iPhone production is outsourced to foreign countries, BlackBerries have always been produced completely in-house. “There is no comparison in terms of security,” Lazaridis says.

     The BlackBerry’s strong points include its highly condensed transmission modules and the fact that each terminal has its own IP address. E-mail can therefore be “pushed” out from a server instead of being called in by the terminal. That makes BlackBerries faster and safer, and lengthens battery life as well.

     DragonWave, located in Canada’s capital city of Ottawa, creates microwave transmission solutions for satellite-relay communications networks. Its goal is to lighten the load that heavier data demands have placed on wireless networks. Director Greg Friesen explains, “In Japan you have a fibre optic network, but to link rural Canadian towns 800 kilometres apart wireless is the only option.” He adds that orders for the company’s technologies are pouring in from the new emerging economic powers, which are also very large countries.

     Japan’s closed ICT market has made it a “Galapagos Island” in terms of ICT. Canada is different. Its companies skilfully seek out niche markets such as ICT for business and industry. They then succeed in those niches by selling to the whole world.  

     Part Four – Advent of cloud computing = big opportunities

     Companies increasingly turning to new technologies

      “People are interested in cloud computing now, but we have been using it for 17 years,” says CEO Songnian Zhou of Canada’s Platform Computing. Originally from Beijing, the University of Toronto Professor started his company in 1992. The business idea came from his study at university of “grid computing,” which links multiple servers together. “A company server uses only 20% of its capacity. I occurred to me that we could save a lot of money by consolidating servers.” He developed a virtualization technology to allow many servers to be linked and work in parallel. In 1990 Nortel Networks asked to use it. Zhou later linked thousands of servers for IBM and other businesses. His company has grown from 3 people to 500. Although Platform Computing is not famous like Google, inquiries are pouring in from around the world, including Japan, as businesses get interested in cloud computing.

     Another company whose business is growing thanks to the cloud is Open Text. The Waterloo firm sells “Enterprise Content Management” (ECM) software to manage corporate information. It ranks number three in the world ECM market. It offers ideal solutions to companies that need to manage internal and external servers with the advent of the cloud. Chairman and Chief Strategy Officer Tom Jenkins points out: “Formerly data was just text, but now audio and video have to be managed as well.” The company started out in 1991 with data search technology. Its products are now used by 50 million people in 120 countries. A search pioneer, it once gave advice to Yahoo founder Jerry Yang.  Located in Canada and selling to corporations rather than consumers, “Open Text” may not be a household word. But it is a major software company with over 5000 employees including 2000 engineers. “Without a doubt, our time has come,” Jenkins says. 

     Teradici, located near Vancouver, is another start-up taking advantage of the cloud. With “PC over IP” as its slogan, it sells thin clients. The little boxes the size of a hardback novel can do everything a desktop computer does. CPU and hard disk are located on a remote server. President and CEO Dan Cordingley explains, “Companies have tried without success to produce thin clients for quite a while, but now the time is right.” He refers, of course, to the spread of broadband internet cloud services. Teradici is targeting not consumers, but companies, which are steadily turning to net-based services for their daily work. Teradici’s goal for now is to replace 5 million of the business world’s 70 million desktop computers with thin clients.

     Japanese companies are also excited about cloud technology. Canadian ICT firms know, however, that cloud computing is more than a boom. They are steadily developing technologies and products based on realistic assessment of demand.  

     Part Five – Canada working hard on its game industry

     Public and private sectors cooperate to develop human resources

     Canada excels not only in 3D imaging, but also in game software with cutting edge computer graphics. The game industry is concentrated in Quebec in the east and Vancouver in the west.

     Eidos Montreal is the Canadian subsidiary of UK-based Eidos, which was acquired this past autumn by Japan’s Square Enix. Many of Eidos’ hit games were created in Canada. Although Eidos has development centres all over the world, General Manager Stephane D’Astous says, “Montreal is our most important location in terms of human resources.

     Square Enix is not the only Japanese game company with a development centre in Canada. Koei has one in Toronto, and many others have come to Canada as well due to the aging population and shrinking market back home. One reason they choose Canada is the Canadian government’s support for the game industry.

     Quebec’s game industry employs 9000 people—12,000 if computer graphics is included. One reason those jobs are there is that the provincial government recognizes the industry as an important employer and gives large tax breaks to companies that give people jobs. The government cooperates with the private sector to develop human resources as well. Centre NAD (National Animation and Design Centre) is a private Montreal design school founded in 1992 with funding from France’s Ubisoft and other game/graphic companies working in the area. It now has over 1500 graduates. With French as its language, Quebec has always had a vibrant arts and culture scene, making it a natural place for digital arts to flourish. “Technical education is essential to developing a contents industry,” says Centre NAD Director Suzanne Guevremont. The government will soon recognize the school as a university. 

     On the opposite side of Canada, the Vancouver area also has a powerful game industry. Vancouver is close to the US State of Washington, home of Microsoft, and hosts a development centre of Electronic Arts, the USA’s largest game software company. Chief Operating Officer Brenda Bailey of Deep Fried Entertainment, a Vancouver game software firm, says “There are 160 game companies here. Our concentration of human resources helps us cope with recession.” When engineers lose their jobs at big companies, they start new companies. The industry’s ups and downs ultimately make it stronger by adding flexibility to human resources. Bailey says that games for portable devices like the Apple iPhone are a new opportunity. She herself has founded a company to develop games for women, something that has never existed before. 

     When you mention computer games most people think of Japanese hardware manufacturers such as Nintendo or Sony Computer Entertainment. It is undeniable, however, that Canadian and other foreign companies are the ones actually driving the industry by creating the applications that work on the hardware.

     500 million people in the world play computer games. The number could go higher if the market expands to include women and senior citizens. Because of its aging population, Japan is already using Canada as a game development centre. It could also learn a few things from Canada about how to nurture industries. 

     Part Six – Canada’s strengths: concentrated skill centres and people who stay put

     “Silicon Valley North”

     Ontario’s University of Waterloo and the Waterloo business community have set aside a 50-hectare plot of land for a future high-tech conglomeration. The project is headed up by Executive Chairman Tom Jenkins of Open Text Corporation. “For success in ICT, there has to be a sharing of knowledge and expertise. The best way to make that happen is to gather companies together,” he says. 

     The Ontario cities of Waterloo, Cambridge and Kitchener form what is called the “Technology Triangle.” Its “brain,” so to speak, is the University of Waterloo, which excels in mathematics education and has spun off numerous start-up firms. Both Jenkins and RIM President Mike Lazaridis are University of Waterloo graduates. Just as Stanford University graduates created Silicon Valley in the U.S., the conglomeration of IT companies around the University of Waterloo is like a “Silicon Valley North.” That will be even more true when more companies are attracted.

     Sixty percent of University of Waterloo students are in “co-op” programs. They work at local companies as long-term interns while getting their education. This does more than allow students to earn money and gain experience. It serves as a matching mechanism that helps both students and employers find what they are looking for. Kevin Tuer is Vice-President of Waterloo Communitech, a local industry organization with 550 member companies. “Co-op is one of our strong points,” he says. The system works particularly well in Waterloo because the university is relatively new (only 52 years old) and was established by local businesses. 

     Another important school for Canada’s ICT industry is Sheridan College, located between Waterloo and Toronto. It was established 41 years ago as an art and graphic design school. 5000 of its 50,000 students are majoring in animation. Professor Angela Stukator says, “Our graduates are working not only for Canadian game companies, but for Hollywood studios as well. Although we belong to the provincial government, our school was created to supply the graphic design industry with professional artists.” 

     The Toronto-Waterloo area is not far from the USA, so many American companies have established research centres there. Vice-President Hadi Mahabadi of Xerox Research Centre says, “Xerox chose this place (35 years ago) because there was a lot of expertise in chemistry here.” The centre is currently working on bendable liquid crystal displays and disappearing ink. Mahabadi, a former university professor who comes from Iran, says, “Canada’s strong point is that people stay put. Over time, that adds depth to your human resources.” He contrasts the Canadian situation with that of Silicon Valley, where people are move around. Although the movement promotes technology transfer, it creates security problems at the same time.

     With the rise of cloud computing, people are again pointing out that Japan is behind in ICT. If Japan would change its thinking a bit and be more like Canada, it would see that there are markets in which it can fully compete with the USA. To make its economy more efficient and find new growth areas, Japan has to strengthen ICT. But how? Canada certainly offers some valuable suggestions.


  3. Economists paint rosy picture of Canadian, world economies in 2010

    December 22, 2009 by AURP Canada

    TORONTO — Economists at some of Canada’s largest banks say the Canadian and world economies will continue to rebound in 2010, and that Canada will lead the way among industrialized countries, creating jobs along the way.

    The economists predict global growth will rise by as much as four per cent in 2010 and the Canadian economy’s growth of up to three per cent will lead the G7 countries in returning to pre-recession levels of gross domestic product.

    “We do see a broader recovery taking hold next year,” said Douglas Porter, deputy chief economist at BMO.

    He added that he expects the global economy to improve by about 3.6 per cent, reverting to a more normal growth rate. The average yearly global growth rate is about 3.5 per cent.

    “The global economy actually saw an outright contraction or decline in 2009, which is extremely unusual. By some measures, we haven’t seen a drop in global GDP since the ’50s,” Porter said.

    Stefane Marion, chief economist of National Bank, says central banks and government attempts to loosen credit markets are proving successful, as leading economic indicators continue to gain strength.

    “Their massive injections of liquidity are bearing fruit: credit markets are normalizing and economic growth has resumed in many countries and regions,” Marion said, adding that a four per cent rebound in world GDP is plausible.

    National Bank noted that unlike previous upswings, the global recovery will be spearheaded by emerging economies, which account for more than two-thirds of the 2010 global growth forecast.

    Economists at Desjardins Group said a global economic recovery is now a fact and predicted global GDP will expand by about 3.4 per cent in 2010.

    “Even though some structural problems persist and some countries are still lagging behind, a few of them will no doubt return to pre-recession production levels in 2010,” they said.

    The newest TD Bank forecast calls for the world economy to expand by a fairly robust 3.8 per cent next year, after a one per cent retreat in 2009.

    Desjardins said although developing nations will continue to act as drivers, Canada and the United States will lead the industrialized countries with growth of more than two per cent each over the next two years. They are expected to return to pre-recession levels of real GDP by the end of 2010.

    Many economists predicted Canada’s economy would grow around 2.6 per cent, slightly less optimistic than the Bank of Canada’s prediction of three per cent growth.

    Porter said the predictions are close to the growth in the Canadian economy in an average, non-recession, year.

    “(Those) followed a very deep drop in 2009, where the economy fell by two and a half per cent, so basically it will just fill in the hole that was left by this miserable year we’ve just had for the economy,” Porter said.

    RBC Economics has also predicted that with expected growth rates of 2.6 per cent next year and 3.9 per cent in 2011, Canada will lead the G7 in recovering from the deep recession.

    TD said Canada’s economy will bounce back strongly during this current quarter — the October-December period — with a 4.1 per cent annualized advance, followed by a more modest 2.7 per cent expansion in 2010.

    Typically, deep recessions are followed by growth rates of four-to-six per cent as production ramps up to meet pent-up demand.

    But the TD Bank says weak U.S. demand and increased competition as a result of the high-priced loonie will temper exports, even as shipments to non-U.S. foreign markets pick up.

    Porter said the recovery has been lopsided because domestic indicators, like consumer spending and activity in the housing market, are picking up, while exports and trade continue to lag.

    He added the trend, which is tied to the rapid rise of the Canadian dollar, will continue to be the theme of recovery in 2010 due to “handcuffed” U.S. consumers and a strong loonie that will continue to rise.

    “One of the real legacies of this so-called great recession is that the U.S. consumer is just not going to be the powerhouse that it has been in the past, and that means the rest of the world is going to have to rely on their own domestic demand,” Porter said.

    Typically, increased consumer spending is the first indicator of recovery, while the unemployment rate is always one of last indicators to turn around, Porter explained.

    Despite increased sales, businesses try to get by with the staff they have and only when they are thoroughly convinced there is an economic pickup, will they hire new employees, he said.

    “It’s quite important that housing has turned the corner so rapidly and that consumer spending is hanging in there, both of those things will help support modest job gains in 2010.”

    TD Bank economists believe the upturn will create jobs in Canada — about 280,000 of them next year.

    The bank has employment rising in each quarter next year and into 2011, with the jobless rate returning to 7.3 per cent in the fourth quarter of 2011. It currently stands at 8.5 per cent.

    Porter’s unemployment rate estimate was less optimistic, and said the rate would likely stay closer to 8.2 per cent in 2010.

    The estimates are part of the newest year-ahead forecasts for the world and Canadian economies that shows growth has begun after about a year of contraction.

    The Canadian Press


  4. Economists paint rosy picture of Canadian, world economies in 2010

    December 21, 2009 by dgann1

    Economists paint rosy picture of Canadian, world economies in 2010

    December 17, 2009

    By Sunny Freeman

    TORONTO — Economists at some of Canada’s largest banks say the Canadian and world economies will continue to rebound in 2010, and that Canada will lead the way among industrialized countries, creating jobs along the way.

    The economists predict global growth will rise by as much as four per cent in 2010 and the Canadian economy’s growth of up to three per cent will lead the G7 countries in returning to pre-recession levels of gross domestic product.

    “We do see a broader recovery taking hold next year,” said Douglas Porter, deputy chief economist at BMO.

    He added that he expects the global economy to improve by about 3.6 per cent, reverting to a more normal growth rate. The average yearly global growth rate is about 3.5 per cent.

    “The global economy actually saw an outright contraction or decline in 2009, which is extremely unusual. By some measures, we haven’t seen a drop in global GDP since the ’50s,” Porter said.

    Stefane Marion, chief economist of National Bank, says central banks and government attempts to loosen credit markets are proving successful, as leading economic indicators continue to gain strength.

    “Their massive injections of liquidity are bearing fruit: credit markets are normalizing and economic growth has resumed in many countries and regions,” Marion said, adding that a four per cent rebound in world GDP is plausible.

    National Bank noted that unlike previous upswings, the global recovery will be spearheaded by emerging economies, which account for more than two-thirds of the 2010 global growth forecast.

    Economists at Desjardins Group said a global economic recovery is now a fact and predicted global GDP will expand by about 3.4 per cent in 2010.

    “Even though some structural problems persist and some countries are still lagging behind, a few of them will no doubt return to pre-recession production levels in 2010,” they said.

    The newest TD Bank forecast calls for the world economy to expand by a fairly robust 3.8 per cent next year, after a one per cent retreat in 2009.

    Desjardins said although developing nations will continue to act as drivers, Canada and the United States will lead the industrialized countries with growth of more than two per cent each over the next two years. They are expected to return to pre-recession levels of real GDP by the end of 2010.

    Many economists predicted Canada’s economy would grow around 2.6 per cent, slightly less optimistic than the Bank of Canada’s prediction of three per cent growth.

    Porter said the predictions are close to the growth in the Canadian economy in an average, non-recession, year.

    “(Those) followed a very deep drop in 2009, where the economy fell by two and a half per cent, so basically it will just fill in the hole that was left by this miserable year we’ve just had for the economy,” Porter said.

    RBC Economics has also predicted that with expected growth rates of 2.6 per cent next year and 3.9 per cent in 2011, Canada will lead the G7 in recovering from the deep recession.

    TD said Canada’s economy will bounce back strongly during this current quarter — the October-December period — with a 4.1 per cent annualized advance, followed by a more modest 2.7 per cent expansion in 2010. (more…)


  5. New Tool for SME’s to navigate the government funding sources – GFunds Online

    December 18, 2009 by dgann1

    We are now three clicks away from funding sources.   GFunds Online is an SME community toolkit that allows you to quickly and simply navigate all 530 Federal and Provincial technology funding support programs, and connect with other SME’s Support Service Providers, and Program Funding Providers.


  6. Pryor, Snowe Legislation to Spur Innovation, Economic Development with Science Parks Clears Committee Hurdle

    by AURP Canada

    December 17, 2009
    Press Release

    Bill Passes Committee with Bipartisan Support

    Washington, DC – The Senate Commerce, Science and Transportation Committee today unanimously passed legislation, introduced by Senators Mark Pryor (D-AR) and Olympia Snowe (R-ME), intended to spur innovation and economic development through the development of science parks.

    The Building a Stronger America Act will help construct or expand science parks, which seek to encourage new start up businesses, generate student interest in science and technology fields, and encourage relationships between universities and industry.  Specifically, the legislation allows the Secretary of Commerce to guarantee up to 80 per cent of loans exceeding $10 million for the construction of new science parks.  The bill would also provide grants for the development of feasibility studies as well as plans for the construction of new, or expansion of existing, science parks.  Finally, the bill would require the National Academy of Sciences to evaluate the program.

    “Science Parks provide a launch pad for economic activity in the community.  They have strong record of fostering talent, high tech innovation and job growth,” Pryor said. “Providing seed funding to create or expand these parks is a necessary investment for our economy as well as our global competitiveness.”

    “A hallmark of science parks is that they create well-paying jobs and spur critical innovation,” said Senator Snowe.  “Our bill goes beyond the traditional ‘mortar and bricks’ model and leverages the networks of people, knowledge and technology clusters in order to meet economic development needs of the 21st century.  Additionally, I thank Senator Pryor for working with me to include a provision that recognizes the critical nature of military bases shuttered by the BRAC process into vibrant science parks, this assisting these installations to redevelop in a timely fashion and recoup thousands of lost jobs.”

    Science parks improve the economic base of the region and the  state. According to the Association of University Research Parks (AURP), science parks contribute over $31 billion to North America’s economy annually.  For example, 31 organizations are affiliated with the Arkansas Research and Technology Park at the University of Arkansas, employing more than 350 individuals at an average salary of $63,277.  The Park is making scientific breakthroughs in the areas that include energy, electronics, photogenics, nanotechnology, biotechnology, and “green” products and techniques.

    The bill is also cosponsored by Senators Lamar Alexander (R-Tenn), Mark Begich (D-AK), Jeff Bingaman (D-MN), Bob Casey (D-PA), Byron Dorgan (D-ND), Dick Durbin (D-IL), Kirsten Gillibrand (D-NY), Mike Johanns (R-NE), and Tim Johnson (D-S.D) and Tom Udall (D-NM).


  7. GreenCentre kicks of construction of new offices / scale-up facilities

    December 17, 2009 by AURP Canada

    December 17, 2009

    Kingston, ON – GreenCentre Canada this week begins construction and renovation of its state-of-the-art facility for advancing Canada’s most promising Green Chemistry discoveries to the point that they are ready to be put into action by the industry.

    The 9,000 square foot facility at Queen’s University’s Innovation Park will include lab and scale-up facilities where GreenCentre development scientists will do the work required to transform the small samples associated with university lab discoveries into green products and processes that meet the specific needs and achieve the magnitude of scale required of industry. The facility will also provide working space for the Centre’s 11 researchers and team of commercialization specialists as well as guest offices to accommodate industry or academic visitors who are lending their expertise to a particular project.

    “This is the culmination of a lot of planning and work on the part of many people at GreenCentre and PARTEQ Innovations of Queen’s University with a vision for a new model of commercialization that ensures Canadians benefit from Green Chemistry breakthroughs,” says Dr. Rui Resendes, GreenCentre’s Executive Director.  For more details please see http://www.greencentre.com

    Anne Kershaw
    Communications Manager
    GreenCentre Canada
    1625 Biosciences Complex
    Kingston, ON  K7L 3N6

    changing chemistry, changing the world


  8. Open Text doubling the size of its Waterloo Headquarters

    December 16, 2009 by AURP Canada

    OpenText

     RECORD STAFF

    WATERLOO – Open Text Corp. is doubling the size of its Waterloo headquarters with the construction of a second building in the University of Waterloo Research and Technology Park.

    Construction of the 120,000 square-food, five-storey building will start in July and is expected to be completed in the summer of 2011, the software company announced Monday.

    The new building will be joined to Open Text’s existing 113,000 square-foot, three-storey office by an elevated enclosed sky bridge.

    The two buildings will have enough space to accommodate 1,500 employees. Open Text, a developer of software that is used by companies to organize and manage all of their files and content, currently employs more than 700 people in its Waterloo head office.

    “It’s an exciting day for the Waterloo tech region and particularly for Open Text, our employees, customers and partners,” John Shackleton, the company’s president and chief executive officer, said in a statement.

    Shackleton said that despite the challenging economy, the company’s customers continue to view its enterprise content management software as critical to their operations.

    “We anticipate continued demand and therefore are keeping pace for the long term by expanding our headquarters facility with a second building,” he said.


  9. Accelerator Centre Internationally Recognized as One of the World’s Best Technology Incubators

    December 8, 2009 by AURP Canada

    Accelerator Centre Internationally Recognized as One of the World’s Best Technology Incubators

     Waterloo, Ontario (December 10, 2009) – The Accelerator Centre, an award-winning and world-renowned centre for the cultivation of technology entrepreneurship, is pleased to announce it has been awarded second place in the award categories of ‘fastest growth’ and ‘best overall incubator’ at the 8th annual Incubator Conference, which took place November 19th and 20th in Stockholm, Sweden.

     The award was established by The Technopolicy Network in cooperation with the Centre for Strategy and Evaluation Services (CSES), and was adjudicated by an international panel of incubation experts, including Heinz Fiedler, President of Science Park & Innovation Centres Expert Group (SPICE), Germany;  Peter Harman, Chief Executive (Elect) of UK Business Incubation (UKBI), UK;  Mikael Hult, National Coordinator of Innovationsbron AB, Sweden; Dinah Adkins, President Emeritus of the National Business Incubation Association (NBIA), USA; and Jack Malan, Founding partner of the Centre for Strategy & Evaluation Services (CSES), UK.

     Incubator programs and organizations from all over the world took part in this competition. Award winners were decided upon based on an analysis of the benchmarking survey returns, combined with judgment of the expert jury.

     Since its opening in April, 2006, the Accelerator Centre has already successfully launched into the marketplace five start-up companies.  “The Accelerator Centre is absolutely thrilled to be honoured by this esteemed committee of international experts,” says Tom Corr, CEO of the Waterloo Research and Technology Park Accelerator Centre.  We are proud of our work, our track record of success, and our growing number of graduates, and it’s terrific to have our contribution to the regional economy and to technology entrepreneurship recognized on the world stage.”

    About the Accelerator Centre

    The Accelerator Centre (AC) is a world-renowned, award-winning centre for the cultivation of technology entrepreneurship located in Waterloo, Ontario. Made possible through funding from Federal and Provincial Governments, Ontario Centres of Excellence, the Regional Municipality of Waterloo, the City of Waterloo and the University of Waterloo, along with industry and academic partners, the AC was established to accelerate the creation, growth, and maturation of sustainable new technology companies; to promote commercialization of research and technology rising out of academic institutions such as University of Waterloo, Wilfrid Laurier University, University of Guelph, and Conestoga College; and to generate economic benefit and enhance the strategic importance of Waterloo Region within Ontario and Canada’s broader economy.

    Aptly named, the Accelerator Centre is firmly focused on accelerating the growth and success of its client companies – fledgling start ups from a variety of technology sectors. The Centre’s team of advisors and mentors provide a unique range of support services and education programs, enabling AC clients to move to market faster, create jobs and stimulate economic activity. As home to 25+ technology start-up companies, with resident program staff of Ontario Centres of Excellence, National Research Council IRAP and Communitech – the Accelerator Centre has become the nexus for Waterloo’s innovation community.

    For further Information, please contact:

    Tim Ellis, Director, Operations
    Accelerator Centre
    519-500-7711
    Email: tellis@acceleratorcentre.com
    www.acceleratorcentre.com


  10. U of M research park is smart bet – A hectic 2009; five projects are on the go

    December 1, 2009 by dgann1


    1683332

    The Smartpark development at the University of Manitoba is going through the biggest growth spurt in its 10-year history.

    Five construction projects are in various stages of development at the 100-acre research park, which is located on the west side of the Fort Garry Campus.

    “(This year) is turning out to be our busiest year ever in terms of development,” said Larry Paskaruk, Smartpark Development Corp.’s director of property development and management. Paskaruk said some of the projects had been in the works for more than two years, and “it’s just all coming together in this particular year.”

    The projects include construction of Winnipeg’s first office building on stilts, which has been erected over top of a 5.5-metre-deep retention pond. The building is owned by the Smartpark Development Corp. and is nearing completion. The lead tenant — RTDS Technologies Inc. — is expected to move into the one-of-a-kind structure in January. The cost of that project was originally estimated at about $8 million, but Smartpark officials are not saying what the final tally will be.

    The other four projects are the construction of a $10-million plant breeding centre for Monsanto Canada, construction of a second retention pond for the park, renovations to a second building that Cangene has acquired next to its corporate headquarters and expansion of Smartpark’s business incubator — the Eureka Project.

    The two-part Eureka project also involves construction of a 7,000-square-foot Event Centre at One Research Road and Chancellor Matheson Drive. The centre will replace event space being swallowed up by the incubator expansion. It will be big enough to accommodate meetings and events for up to 200 people.

    Paskaruk said with all of the work going on, Smartpark officials don’t expect to tackle any new projects in 2010. Instead, they’ll concentrate on finishing these and making sure everything is functioning property.

    He said most of this construction was triggered by existing park tenants needing to expand their operations. And that kind of internal expansion will likely be what triggers any new projects in 2011.

    Cangene purchased the building adjacent to its headquarters from Smartpark Development Corp. because it needs more office space for its 550-plus employees, CEO Dr. John Langstaff said.

    The expansion also allows it to relocate a small, downtown plasma collection centre to the newly acquired building, where it will be expanded. Cangene also will take over the main-floor space that RTDS Technologies will be vacating when it moves into the new pond building. Langstaff said the 28,000 square feet of new space should satisfy Cangene’s requirements for the next two or three years. But eventually it’s going to need more lab and manufacturing space, so it may look at adding onto its 165,000-square-foot head office.

    Paskaruk and Smartpark president Alan Simms said there are now eight buildings, 20 tenants and about 1,000 employees working in Smartpark. All but one of the tenants — a 45-seat restaurant called edna fedya — are involved in research and product development.

    When the latest construction projects are completed next year, most of the eastern half of the park will be developed. Simms said the second retention pond is being built so the western 50 acres can also be developed.

    The second pond will feature a lot more plant life than the first one. That will give it a more natural wetlands appearance, reduce the amount of algae growing in the water and help attract more ducks and smaller waterfowl to the pond.

    “It really is a more interesting kind of habitat,” Simms said. Don’t expect to see another office building going up over the second pond. “That one we’ll keep in its naturalized state,” he said.