LONDON – Paul Paolatto has seen the shift. Now, he wants Western and the City of London to take advantage of it.
Once viewed as too institutional by industry leaders, university-led research parks have evolved into “marquee addresses” for those seeking a deeper collaboration between industry and the academe.
“It gives them preferred access to great knowledge and high-performance people – not only faculty, but students as well,” said the Western Research Parks executive director. “They are starting to appreciate that.”
Now, with slightly more than four months at the helm, Paolatto leads the charge into a new future for the university’s research parks network, an ambitious decade-long plan he feels will re-invigorate innovation on this campus and beyond. His plans went public this week.
Discovery Park was recently in the news as it was cited as a possible home for the headquarters of the Medical Innovation and Commercialization Network, a discussed partnership between the city, the university’s medical school, London Health Sciences Centre and St. Joseph’s Health Care and their foundations, as well as the Lawson Health Research Institute. The park would provide a single home where medical device ideas would be developed, tested and marketed through the network, drawing on the strengths of those in London’s medical community.
It’s the kind of big thinking, Paolatto said, that will fuel the next step in the evolution of the facilities.
According to his plan, the Advanced Manufacturing Park (AMP) will remain focused on “big ticket manufacturing” for the next generation. With high-profile projects like Western’s Wind Engineering, Energy and Environment (WindEEE) Research Institute, as well as the Fraunhofer Project Centre, the facility is exploding, a chain reaction Paolatto looks to continue.
“At AMP, we would like to create the next hub of advanced manufacturing in Canada,” he said.
Discovery Park, however, is where the most high-profile changes could occur. At that facility, Paolatto hopes to develop a strong bias toward “convergence sciences.”
“You’re starting to see more marriages between health and engineering, engineering and aeronautics. So, the idea is to bias toward those fields of study, those research strengths of the university,” he said. “We’re not in the business of running a park on a standalone basis. What we’re looking to do is find opportunities that allow us to work in partnership with the university and create economic opportunities in the community.”
That latter point, in part, brought Paolatto to the City of London Investment and Economic Prosperity Committee this week.
The city invests $200,000 annually in the Stiller Centre, a life sciences facility in Discovery Park. During his presentation to committee members, Paolatto sought city support for infrastructure – road access, lighting, signage. In exchange, he offered to return the city’s annual investment starting in 2016.
For the committee, he outlined some of the changes that have been rattling around Western. “What we’re talking about here is subject to lots of approvals and lots of work over the next decade,” Paolatto said, “but this is what we’re targeting.”
His pitch included a number of changes over the next decade to Discovery Park including:
Recognizing a need to make it more visible, the plan would open up access to the park from Western Road for a “more pronounced and a more welcoming connection to the community,” Paolatto said. As part of that, the current buildings along Western Road would be “turned” – shifting the main entrances to face campus and the hospital.
The current Convergence Centre would be twinned. That new building would house biomedical imaging, providing a unifying space for one of the university’s major research strengths.
A Medical Innovation and Commercialization Network would be developed, providing a single home where medical device ideas would be developed, tested and marketed through the network, drawing on the strengths of those in London’s medical community. This could include the relocation of Fowler-Kennedy from its “land-locked” location on campus to the park.
The plan calls for the development of the International Innovation Village, a Western-style MaRS Discovery District. “We need to create a focal-point for our innovators. We’re putting out a lot of companies here, and those companies need a supportive structure.” As part of that, Windermere Manor would transition from a hotel to a live-in or long-term residence.
In total, the price tag for the entire project is $90 million – $70 million at Discovery Park, $20 at AMP. That money has not been found yet (“All we have to do is figure out how to pay for it,” he laughed.). But for a facility contributing $130 million to region annually, Paolatto sees it as well worth the investment.
After substantial investments by the university, in terms of both funds and land, to develop the parks initially, Paolatto knows the park cannot depend on university subsidies to continue forward. “We want to pay our own way,” he said.
Tenant rents drive the financial sustainability of the parks. Discovery Park is at 97 per cent capacity, so growth of physical space is not only a key to its financial stability, but also a response to industry demand.
“There are a growing number of tenants – both small and large – looking to closely align themselves with the university,” he said. “Those are opportunities for the university, for our community and for the park. We are looking for ways to accommodate them.”
For him, the Discovery Park rally cry over the next decade is “double it” – from 200,000 to 400,000 square feet of space, from 700 to 1,400 jobs, from three or four leading companies to six or seven, from 30 to 60 incubated companies.
“Those are the metrics we are shooting for, but we don’t have the space,” he said. “There is a pent-up demand to get in here. We’re going to try and answer it.”