MIT REAP Team Nova Scotia’s regional focus is on Nova Scotia, Canada. The Team Champion is Dalhousie University with stakeholders from the provincial government and Build Ventures.
Innovation Ecosystem Stakeholder Model
Champion President and Vice Chancellor, Dalhuosie University
Deputy Minister, Nova Scotia Government
General Partner, Build Ventures
Deputy Minister at Industry Canada, Federal Government of Canada
Executive Director of Innovation and Entrepreneurship, Dalhousie University
Partner, McInnes Cooper
Chief Staff and Executive Director, Dalhousie
Challenge & Opportunity
Strategy & Action
Region of focus:
Nova Scotia, Canada
Strong ocean, shipping industries as well as rich natural resources
Regional center of excellence in education
Strong legacy companies and success stories/ entrepreneurial heroes
“CFA” – Come From Away mentality
Suspicion of success; fear of failure
Over-reliance on public sector support
Unclear policy and program landscape
Mentorship: limited angels and VCs
Lack of startups achieving scale
Richard Florizone – President, Reykjavik University
Strong representation from all stakeholder groups – most team members representing corporate and government
Will be updated once the team graduates from the program.
Focus on ocean industries and clean energy initiatives
Key I&E Activities:
Build Ventures – venture funding
Innovacorp – venture funding
Launch Dal and Volta – incubators
Center for Ocean Ventures & Entrepreneurship
Core Regional Metrics
Economic & Social Progress
Social progress and economic prosperity as a collective measure of development in a region.
Innovation-Driven Entrepreneurial Ecosystem
Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.
Ability to develop new to the world innovations from inception through to the market.
Culture & Community
Ability to start and build new to the world businesses from inception to maturity.
Culture & Community
August 10, 2016
Dal to lead Nova Scotia team in MIT Entrepreneurship Accelerator Program