Schedule "A"
Our Vision
Become innovation hub and investment arm in early stage water & climate change technology companies in Ontario/Canada
Page 30 of 206 Accelerate Muskoka Collaborative Structure and Culture
Investors Seed Fund
Entrepreneurs/ Companies
Post-secondary Post-secondary Accelerate Collaboration Collaboration Muskoka Education R&D
Anchor Tenant – Public Agency
Our Team
Founders • Jack S. Wadsworth – Honorary Chairman, Morgan Stanley Asia • David Smith – Vice-President, Bigwin Island Golf Club • Andre Boysen – CIO, SecureKey Technologies • Colin N. Yates – President/CEO, Instantia Labs Inc
Board • Greg Thompson – Head of Investment Banking, National Bank (retd) • Tom Pinckard – Lawyer, Mayor Town of Lake of Bays (retd) • Paul Thomas – President, Cornerstone Capital (retd)
Page 31 of 206 What Accelerate Muskoka Will Do • Fill 87 Forbes Hill Dr. Building with Businesses, Researchers, and part-time courses • Initial investment $1 Million in capital • Requesting permission from Town to build on existing sites on property • Future investment of several millions in new building(s).
• Launch $2.5 Million Seed Fund • Attract cleantech companies and launch our own companies
• Provide avenue to make post-secondary education activities in Muskoka sustainable
• Provide dividend to the Town of Huntsville of up to 10%.
How Accelerate Muskoka Meets Town Strategic Priorities • Bring private investment in the community in partnership with Town to help with economic goals
• Focus on clean technologies (specifically water and climate related products/services) to demonstrate Huntsville’s commitment to climate change adaptation and brand of excellent water quality.
• Demonstrate the benefit of great infrastructure to the economy – fiber connectivity.
• Provide a culture that will excite youth and create educational opportunities.
Page 32 of 206 Key Events to Date
• Winter – public agency expresses interest in becoming anchor tenant in 87 Forbes Hill 2015
• Fall – Accelerate Muskoka team applied RFP to be operator of facility on the condition that 2015 we secure a tenant
• September – second public agency expresses interest in rental of 87 Forbes Hill Dr. 2016
• November – public agencies complete best fit evaluation/due diligence of 87 Forbes Hill 2016
• Immediate – public agency to obtain approval for move 2017
• March – Submission of application to manage portion of $55 Million provincial innovation 2017 fund
Long-term Plans
• Develop agreements with numerous colleges and universities to run part-time courses
• Launch suite of professional development courses focussed on environmental technologies/services
• Raise additional capital for follow-on seed funds
• Work with Town to develop additional building sites to create innovation park • Public agencies already interested in location will be targeted tenants
Page 33 of 206 How it Can Work
• Long-term lease agreement with Town of Huntsville (up to 20 years) • Accelerate Muskoka to cover operational costs of building with option to purchase
• Accelerate Muskoka to have ability to develop additional building sites as an Innovation Park.
Immediate Actions Underway
• Finalizing anchor lease arrangements with public/private organizations
• Raise capital for seed fund • Submitted application to manage innovation fund on behalf of province - additional $15 Million
• Locate first companies in the building • First startup has already received investment by group and can move in immediately • Currently in discussion with additional companies to be part of program
Page 34 of 206 Ask
• Accept our proposal as originally presented, and enter into a Letter of Intent to provide Accelerate Muskoka a specified timeline to enter into lease negotiations.
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