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NRC Annual Report 2001-2002

NRC Annual Report 2001-2002

NRC Annual Report 2001-2002

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One of <strong>NRC</strong>’s newest industrypartnership facilities (IPFs), underconstruction at the <strong>NRC</strong> PlantBiotechnology Institute inSaskatoon. The facility, slated toopen in fall <strong>2002</strong>, will contributeto an emerging cluster inSaskatoon on crops for enhancedhuman health.A graphic representation of <strong>NRC</strong>'s futureIPF at the <strong>NRC</strong> Institute for Biodiagnosticsin Winnipeg. Construction is scheduledto begin in spring 2003, for completion inlate 2004. The new facility will promotethe development of medical devicetechnologies manufacturing.Spin-off and start-up firms<strong>NRC</strong> spin-off firms 1997-<strong>2002</strong>Total newcompanies1997-1998 7 211998-1999 10 311999-2000 9 402000-<strong>2001</strong> 9 49<strong>2001</strong>-<strong>2002</strong> 3 52Cumulativespin-off firmsV a l u eOften the fastest and most effective way tocommercialize a new technology or product is tocreate a new Canadian company. That venture caneither be a spin-off firm (formed by <strong>NRC</strong> employees)or a start-up firm (created by non-<strong>NRC</strong>principals using <strong>NRC</strong> technologies). Since1995-1996, <strong>NRC</strong> technologies have led to thecreation of 52 new companies in Canada.In <strong>2001</strong>-<strong>2002</strong>, three new companies started upfrom <strong>NRC</strong>, with nine more in the spin-off pipelineawaiting formal “graduation.” The three new<strong>NRC</strong> spin-off firms were:• Ionalytics Corporation – Using <strong>NRC</strong>’s high FieldAsymmetric Waveform Ion Mobility Spectrometry(FAIMS) technology• Capital Laser Inc. – Using <strong>NRC</strong>’s Laser MicromachiningTechnology• NavSim Technology Inc. – Using NavSim shipmanoeuvring simulation software from <strong>NRC</strong>.Ionalytics Corporation – FAIMSmoves to marketOn November 22, <strong>2001</strong>, <strong>NRC</strong> announced thecreation of Ionalytics Corporation, a companyspun off from <strong>NRC</strong>-INMS. Ionalytics has licensed<strong>NRC</strong>’s FAIMS technology, which was developed incollaboration with MDS-Sciex, a manufacturer ofmass spectrometry equipment based in Toronto.The new firm will design and manufacture FAIMSchemical analysis systems as accessories for themass spectrometers that are used in diversefields. Application areas include biotechnology(proteomics and drug discovery), security (detectionof chemical and biological agents), and themonitoring of environmental wastes. The companyhas already acquired a start-up investment of$2 million from Genesys Capital Partners Inc.of Toronto, a venture capital firm specializingin funding of biotechnology companies.27S C I E N C E A T W O R K F O R C A N A D A

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