Navigation Links
Ontario Institute for Cancer Research Announces Enhancements to its Intellectual Property Development and Commercialization Program
Date:3/8/2011

TORONTO, March 8, 2011 /PRNewswire/ -- The Ontario Institute for Cancer Research (OICR) announced today it has enhanced its Intellectual Property Development and Commercialization program (IPDC), now called the IPDC Fund. The augmented program is designed to provide broader and deeper support for promising early stage technologies.

"In the face of declining private institutional investment, the new IPDC Fund is designed to offer greater support for the most promising Ontario-based anticancer technologies," said Frank Stonebanks, Vice-President, Commercialization and Chief Commercial Officer of OICR. "It will help bridge the funding gap that too often threatens the development of many early-stage projects."

"Developing intellectual property is key to creating innovative jobs in Ontario," said Glen Murray, Ontario Minister of Research and Innovation. "With the new IPDC fund, OICR is proving it's a world leader both in cancer research and in turning discoveries into viable new technologies on the market."

A common bottleneck in the commercialization of innovative technologies is the scarcity of funding in support of early stage development of inventions. The gap in funding between the traditional public granting agencies and private investors, be they corporate or venture, is often referred to as the developmental "valley of death." OICR's IPDC Fund is designed to overcome this funding gap.

Under the new IPDC Fund, a maximum of $1.5 million will be made available over three years for each eligible project. This represents a substantial increase over the previous program and adds a third year option which was previously unavailable. Additional equity investments are also possible. These enhancements provide OICR the ability to fund compelling assets and technologies and advance them from mid-late stage academic to Series "A" VC-ready investments.

In addition, any Ontario cancer-related intellectual property (IP) is now eligible for funding under the new program, an enhancement over the previous restriction to academic IP sources only.

For more information about the OICR IPDC Fund or to start the application process, please visit the Program's website at: http://www.oicr.on.ca/Commercialization/IPDCP/index.htm. For inquiries concerning licensing any OICR technology, please contact OICR via email at: commercialization@oicr.on.ca.

About OICR

OICR is an innovative cancer research and development institute dedicated to prevention, early detection, diagnosis and treatment of cancer. The Institute is an independent, not-for-profit corporation funded by the Government of Ontario through the Ministry of Research and Innovation. OICR has 500 scientific staff (located at its headquarters and in research institutes and academia across the Province of Ontario) and an $85 million annual operating budget. It has key research efforts underway in small molecules, biologics, stem cells, imaging, genomics, informatics and bio-computing, from early stage research to Phase I clinical trials.

For more information, please visit the website at www.oicr.on.ca/commercialization.


'/>"/>
SOURCE Ontario Institute for Cancer Research (OICR)
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Ontario Institute for Cancer Research Validates NEBNext(TM) DNA Sample Preparation Reagents from New England Biolabs for use in Next Generation Sequencing
2. Koch Institute for Integrative Cancer Research Dedicated Today
3. Sharpest microscope tip lands Canadas Nanotech Institute in Guinness Book of World Records
4. Weizmann Institute scientists used accelerated evolution to develop enzymes that provide protection against nerve gas
5. Polaris Group and The Ludwig Institute for Cancer Research Ltd Initiate Phase 2 Trial of Amino-Acid Degrading Enzyme, ADI-PEG 20, in Patients with Small Cell Lung Cancer
6. Larta Institute NIH Success Stories Featured in 2011 California Biomedical Industry Report
7. Tufts Launches Institute for Biopharmaceutical Partnerships
8. Salk Institute Celebrates Grand Opening of the Waitt Advanced Biophotonics Center
9. Will Rogers Institute Awards Top Doctor $50,000 for Outstanding Contributions to Lung Research
10. Weizmann Institute scientists used accelerated evolution to develop enzymes that provide protection against nerve gas
11. ALS Therapy Development Institute Appoints Anil Godhwani to Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/18/2017)... ... August 18, 2017 , ... OAI, ... Semiconductor, MEMS, and Microfluidics Industries, announces the new Model 800E front and backside, ... in automated production mask aligners. OAI has already received and installed several ...
(Date:8/16/2017)... ... August 16, 2017 , ... ... the Fluidnatek® Electrospinning and Electrospraying line of nanofiber ... from table-top equipment for the lab to fully automated pilot plants and ...
(Date:8/16/2017)... , ... August 16, 2017 , ... ... U.S. Food and Drug Administration (FDA) inspection at our Dilworth, MN site. The ... was issued. This inspection was conducted as part of a routine Bioresearch Monitoring ...
(Date:8/15/2017)... ... , ... Kapstone Medical is proud to announce that it has ... and inventors develop and safeguard their latest innovations. The company has grown from ... of clients in the United States and around the world. , Company Founder ...
Breaking Biology Technology:
(Date:3/29/2017)...  higi, the health IT company that operates the ... , today announced a Series B investment from ... The new investment and acquisition accelerates higi,s strategy to ... population health activities through the collection and workflow integration ... collects and secures data today on behalf of over ...
(Date:3/24/2017)... Research and Markets has announced the addition of the ... Industry Forecast to 2025" report to their offering. ... The Global Biometric Vehicle Access ... 15.1% over the next decade to reach approximately $1,580 million by ... and forecasts for all the given segments on global as well ...
(Date:3/22/2017)... 21, 2017 Optimove , provider ... retailers such as 1-800-Flowers and AdoreMe, today announced ... and Replenishment. Using Optimove,s machine learning algorithms, these ... and replenishment recommendations to their customers based not ... of customer intent drawn from a complex web ...
Breaking Biology News(10 mins):