Earlier this month, I had the opportunity to present OCRI’s response to the city’s proposed economic development strategy. The strategy sees Ottawa recognized as a competitive global hub for innovative, knowledge-based talent, businesses and organizations. OCRI is committed to the economic development of the city and overall, we agree with the strategic objectives as outlined in the document and look forward to working with the City to achieve the stated objectives.

OCRI has been supportive of and involved with the economic refresh activity by City staff although not directly involved with the steering committee. The organization fulfills a leading role in economic development for the region including the entrepreneurship centre, global marketing (investment and trade activities in Ottawa and abroad) and regional innovation activities in addition to other OCRI activities for members.

Leading the way for Ottawa, OCRI fully supports the bolstering of key economic development activities in the region. Investment has decreased over the past few years and fallen far behind investment by other cities and regions. More investment will result in a more diversified local economy with strong international success.

Key economic development initiatives include the creation of strong ecosystems in the areas of: international trade and investment, entrepreneurship, and clusters (including cleantech, life sciences, wireless/mobile applications and digital media). (See our KBI white paper response for more detail.)

Talent is a key focus area for Ottawa. While we have high quality, local talent with many students graduating every year from our universities and colleges, we need to increase STEM (Science, Technology, Engineering and Mathematics) participation to meet the demands. Strategies must be implemented to attract, engage and retain talent in Ottawa. Leadership and early entrepreneurship education are also key focus areas. (See our Talent white paper response for more detail.)

OCRI is a leader in providing a full range of commercialization and investment resources to companies across knowledge-based industries to accelerate their growth in the global marketplace. This includes support for startup company creation through Entrepreneur’s Edge, Lead-to-Win, Exploriem and other programs. OCRI works to bring capital to the region through investment in high potential emerging technology leaders in Ottawa.

OCRI programs and services touch many business people and youth in our community. Because of the broad range of services, it is difficult to fully understand the value that OCRI brings to the community. OCRI partners with the City of Ottawa to deliver a number of services to the community which I have outlined below. Key OCRI services that support Ottawa’s economic development include:

Entrepreneurship Centre

• Helps entrepreneurs make informed business decisions while starting or growing their businesses (seminars and workshops on management, legal and accounting)
• Youth focus via programs like Ottawa Innovation Challenge, Junior Achievement, Canada Youth Business Foundation, Summer Company and others;
• Operates resource centre at City Hall, kiosks in Orleans, Barrhaven and Kanata.

Entrepreneurship and Innovation

• Delivers Entrepreneur’s Edge series for entrepreneurship training;
• Delivers TalentBridge which engages entrepreneurial engineering students in work terms that develop marketing, sales and business management skills and connects students with supportive mentors from the local knowledge-based sector.

Global Marketing

• Provides assistance for export-oriented businesses seeking to market products and services internationally;
• Provides support for in-bound and out-bound trade missions with emphasis on Asia, Europe, U.S. and Latin America;
• Active founding member of the Ontario Technology Corridor (Ottawa, Toronto, Waterloo, London and Niagara) which was established for joint marketing abroad;
• Supports Ottawa’s established and emerging knowledge-based clusters (Photonics, Wireless, Software, eBusiness, Contact Centres, Life Sciences, Cleantech, Security and Digital Media.)

Investment and Commercialization

• Provides business advisory services, business acceleration, market intelligence and mentoring to build the next wave of knowledge-based companies;
• Hosts the annual Ontario Venture Summit (OVS) to showcase companies to qualified investors;
• Actively supports community-based initiatives including: Lead to Win, Exploriem, TiE, and The Ottawa Network.

Community Leadership

• OCRI hosts and chairs the Innovation Leadership Team;
• OCRI chairs the Ottawa Technology Round Table for industry, academic and research institutions, and federal, provincial and city governments;
• OCRI CEO is a member of the Tourism Leadership Team;
• OCRI contributes to the Digital Strategy Round Tables at Industry Canada.

OCRI is a diverse and dynamic organization that aims to be responsive to the needs of our local business community. If you are interested in learning more about OCRI and the many ways that our programs, services and individuals contribute to the economic well being of the city visit our website www.ocri.ca, stop by the Entrepreneurship Centre at Ottawa City Hall or get in touch with one of our program managers.