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Scaling Success Lazaridis Institute Whitepaper
March 2016

Building a prosperous Canadian knowledge-economy depends in no small part on the creation of
a next generation of high-growth, globally competitive Canadian technology companies. These
high-growth companies contribute disproportionately to the creation of employment and economic
growth. However, compared to other mature economies, Canada has so far underperformed on the
creation of these firms.
As part of the development of the Lazaridis Institute at Wilfrid Laurier University, this white paper
is designed to shed light on the relative scarcity of high-growth Canadian technology firms. We
began by asking 125 of Canada’s most well-informed and best-placed industry stakeholders—in
particular the founders of, and investors in, high-growth technology firms—to talk about the major
impediments facing these firms. Their comments indicated a significant knowledge gap related
to the role management and executive skills play among these growth challenges. Their feedback
also demonstrated a shared understanding that scaling a technology company in today’s global
marketplace is radically different than in previous eras.
The analysis of this data reveals the following key findings:
• While science, technology, engineering and mathematics-related (STEM) talent is
abundant, the talent pool in general lacks business and management knowledge.
• Shortages of experienced management and/or executive talent are the primary inhibitors
to scaling up.
• Canadian technology firms lack key management competencies in specific areas including
sales, marketing, organizational design and product management.
• The talent shortage is linked to the lack of existing and/or exited growth firms in
Canada’s technology sector.
These findings underscore the importance of building a well-rounded cadre of managers and
executives in Canada’s technology sector. Doing so must take into consideration the fact that
today’s technology markets are distinguished by far shorter time-to-market and product life cycles,
as well as a generally more complex global operating environment.
This white paper presents an in-depth review of the challenges facing Canadian high-tech firms and
develops a strong evidence base upon which to build future initiatives designed to address them.
The work represents an important first step by the Lazaridis Institute to help a next generation of
Canadian technology companies scale into global leaders.
Canada  Canadian  gazelles  high-growth  investors  scaling  start_ups  talent  technology  Colleges_&_Universities  Kitchener-Waterloo  knowledge_economy  WLU  Mike_Lazaridis  team_risk 
12 weeks ago by jerryking
It's good to be smart
Nov 30, 2010 |The Globe and Mail. pg. A.24 | editorial.

It may be 20 years, or 50, before there is a direct payoff from the BMO Sir Isaac Newton Chair in Theoretical Physics at the Perimeter Institute in Waterloo, Ont. Or from similar chairs to be named after Albert Einstein, Niels Bohr, Paul Dirac and James Clerk Maxwell. But the chairs are a wise investment that deserve emulating in other institutions in Canada.

It is not easy to be forward-looking in difficult times, but now is actually an excellent time to be investing in long-range projects that expand our intellectual capital. Why now? Because while other countries are hamstrung by economic problems, Canada is in decent enough shape to get a jump on attracting talent and stimulating innovation. In a borderless world economy, the value in becoming a magnet for scientists, engineers and entrepreneurs is immeasurable.

Abstract (Summary) Theoretical physics (the description of natural
phenomena in mathematical form) may seem like knowledge for knowledge's
sake. It is anything but, as Mike Lazaridis, the founder and co-chief
executive officer of the BlackBerry-maker Research in Motion Ltd., tells
it. The "next generation of value" will be intellectual capital, rather
than natural resources, he says.
Blackberry  BMO  borderless  broad-based_scientific_enquiry  editorials  endowments  forward_looking  hard_times  intellectual_capital  knowledge  Mike_Lazaridis  natural_resources  Perimeter_Institute  physics  physicists  RIM 
april 2011 by jerryking
Address by Mike Lazaridis, PI Board Chair, to the Public Policy Forum - Perimeter Institute for Theoretical Physics
April 2, 2009 | Address by Mike Lazaridis, PI Board Chair, to the Public Policy Forum

First Principles: The Crazy Business of Doing Serious Science (Paperback)
by Howard Burton (Author) . It's an account of how the Perimeter Institute was built from scratch.

This year’s testimonial dinner was held on April 2, 2009, and honoured several Canadian leaders, including Mike Lazaridis, Founder and Board Chair of Perimeter Institute, who conveyed the importance of long-term thinking by those involved with shaping policy relating to science and technology. The following text, building on those remarks as reported by the national media, shares the messages provided to the PPF.

So imagine this story. A granting council has been tasked with driving the economy, really building commerce and commercializing technology and doing important things for the country. And so, of course, what are they thinking? They’re thinking we need more horses, we need better ways to clean up the streets, and we need to figure out ways to build better stagecoaches and carriages. Now this physicist comes into the room and he sits down. And they ask him, "Dr. Einstein, why are you here?" He says, "Oh, I’d like to have an office and a stipend." "For what?" they want to know. So he explains, "Well, I need a desk and blackboard and maybe a shelf for my books and my papers. And I need a small stipend, so I can go to a few scientific conferences around the world and have a few postdoctoral researchers." They ask, "Why?" And he says: "Well, I have these ideas about light and it’s very complicated, but light can …" And the council members start wondering, "What’s that got to do with horses?"

So, that gentleman actually had to go and get a day job. He went to work at a patent office, where he came up with, a few years later, the four most important papers of all time. Ideas that transformed everything we knew and put mankind in a new direction. He came up with one of the basic ideas leading to quantum technology, when he predicted the quantum properties of light, explaining an observation called the photo-electric effect. He came up with special relativity, a new understanding of space and time. He also discovered that mass and energy are the same thing at a fundamental level. By thinking and calculating the way he did, he came up with E=mc2, the most famous equation of all time. These discoveries, over time, led to nuclear energy, semiconductors, computers, lasers, medical imaging, DVDs and much more. The powerful ideas happened from pure thought and research by someone who basically would have had to give up a comfortable salary at the patent office to take a research or teaching position at a university.

Now let’s fast-forward to today. We have all these issues. We’re running out of energy any way you slice it. And the energy sources that we have today are changing our climate and the environment catastrophically and irreparably. At the same time, we have this enormous need for value creation because our financial system basically ran onto a coral reef. We’re taking on debt to try to get ourselves off the reef, and there’s all this need for value creation and innovation. It’s kind of staring us in the face.

We only have to flashback to that gentleman thinking about light to realize that we need to fund our scientists and our researchers and our students. We not only need to fund them imaginatively, we need to have faith that what they are doing is going to be important in 20, 30, 40 or 50 years from now, and that we haven’t got a chance of understanding its relevance today.

And so we need to be very careful with policy, not to try to put everything in short-term context – not to try to figure out how something is only relevant today – because, if we do, we will make a mistake. We will go the wrong way. We will be investing in horses, carriages, and cleaning manure in the streets instead of fostering the research that can give rise to an idea or super technology that’s going to change the world.

Right now, there is some pandemonium in physics because we are running up against some paradoxes and some data that don’t make any sense. For example, Moore’s Law, which describes the miniaturization of computer chips, will reach its limit in 10 years. Everything we built our telecommunications industry and information age on is going to hit this limit, if we don’t find a new base. We need a new discovery. It’s going to happen, and we need to put major investments in these esoteric studies like quantum computing, quantum information science, quantum gravity, string theory and other areas, because I can guarantee you that one of the discoveries that will emerge is going to solve one of those scientific paradoxes and make sense of that weird data. And when that happens, 20 or 30 years from now, you won’t recognize things.
Albert_Einstein  Blackberry  books  broad-based_scientific_enquiry  first_principle  fundamental_discoveries  Mike_Lazaridis  miniaturization  Moore's_Law  paradoxes  Perimeter_Institute  physicists  public_policy  quantum_computing  RIM  semiconductors 
april 2009 by jerryking

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