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HomeMy WebLinkAboutCAO-08-028 - Digital Media Convergence Centre1 KI~~R thief Administrator's Office REPORT Report To: Finance and Corporate Services Date of Meeting: September 8, 2008 Submitted By: Rod Regier, Executive Director, Economic Development Prepared By: Silvia Wright, Manager, Downtown Development Wards) Involved: All Wards Date of Report: September 3, 2008 Report No.: CAO-08-028 Subject: DIGITAL MEDIA CONVERGENCE CENTRE RECOMMENDATION: That Council authorize a letter of support for the "Digital Media Convergence Centre" (DMCC) as part of a nationally significant Communitech funding application to Centres of Excellence for Commercialization and Research (CECR) as the "Centre for Advancing Canadian Digital Media" and further that specific only to this grant application; That Council authorize the investment of $500,000 from the Economic Development Investment Fund to be allocated for the purchase of specialized computing, digital imaging, visualization and studio equipment required at start-up; That annual in-kind support for five years in the form of staff time dedicated to supporting events, promotion and governance (DMCC board seat for Mayor of Kitchener or designate) at the Digital Media Convergence Centre; And that this support is subject to full approval of a grant application to the Centre of Excellence for Commercialization and Research, and is conditional on the DMCC being located in downtown Kitchener. BACKGROUND: Digital media has not only become a seamless part of everyday life but recognized as a driving force for all sectors of the Canadian economy. Second only to oil tar sands industry, digital or new media has been measured as the highest growth potential industry in the nation ("The State of Science and Technology in Canada," Council of Canadian Acadamies, 2006). Here in Kitchener, Economic Development staff first gathered the Digital Media Working Group in 2005 to explore new business sparks through the mash-up of small independent content developers, large corporate technology companies, researchers, academics, and digital artists. Two unique digital media networking events were organized through City staff: the "Legions of Memory", June 2006 and the "Canadian Film Centre's Habitat New Media Demonstration" in November 2006, with support of the Grand Exposition, the KDBA, Film KW and the University of Waterloo. The events connected representatives from across the industry including Desire2Learn, UW Digital Art Communication, Christie Digital, Communitech, Conestoga College and numerous individual new media artists throughout the City. The most consistent recommendation from this group was the need for a digital `sandbox', the possibility of a location where best technologies could be made available to new business in a supportive multi- disciplinary setting, and where innovators could commercialize ideas, creating jobs and strengthening the local economy. Since that time, staff worked with partner organizations to support Communitech's CECR application to help fund the Centre for Advancing Canadian Digital Media (C-ACDM) - a $65 million distributed network that includes the downtown Kitchener Digital Media Convergence Centre and University of Waterloo's Stratford Institute. Christie Digital, firmly rooted in the Electrohome heritage of Kitchener, now implements 3D digital movie projection around the world, leading projection at the New York Stock Exchange, and the Beijing 2008 Summer Olympics. Christie Digital also provides 3-D immersive environment projection for such applications as pharmaceutical molecule visualization or astronaut training environments to repair the Hubble Space Telescope; an experience which can only be described as a'holodeck' environment once thought only possible in science fiction. Existing digital media firms have demonstrated global leadership in development in this technology and are successfully competing on the global stage for the last several years. This combination of talent and enterprise gives us a substantial advantage of building a globally competitive digital media cluster in this City. REPORT: Council direction has approved strategy for Digital Media Incubator as a top priority for Kitchener Economic Development Strategy 2007-2010 (June, 2007). Specific opportunities exist in fields driven by digital media such as medical imaging and pharmaceutical modeling, manufacturing (virtual prototyping), architecture, cinema, game technologies, digital art, and environmental modeling, to name only a few of the areas of economic impact. The Centre for Advancing Canadian Digital Media (C-ACDM) is a grant application for Network of Excellence put forward by Communitech for a total project value of $65 Million of which approximately $30 Million for the Kitchener portion. It includes 2 institutes and will link Canada's digital media clusters from coast to coast - creating a digital convergence corridor and enabling collaboration between researchers, implementers, and entrepreneurs. Initially, two complementary digital media hubs combine as a new Centre for Excellence: 1. Stratford Institute (SI) The Stratford Institute will offer a research environment for graduate students to foster commercially viable content creation. 2. Digital Media Convergence Centre (DMCC) in Downtown Kitchener The Digital Media Convergence Centre will offer the latest visualization hardware and software, technical and business start-up services (e.g., mentors and venture capital services), and studio/office space for innovators in their start-up or pre-start-up phase. This Digital Media Convergence Centre is recognized as fundamental to the current provincial and federal strategy. CONCERT identifies the "convergence" centres as a method to network and accelerate economic opportunities to serve as regional innovation and commercialization hubs for the cluster. The City of Kitchener contribution from EDIF of $500,000 to the Digital Media Convergence Centre would provide some of the specialized equipment and technical resources to operate the incubator for commercial digital media applications. The approximate project cost of the DMCC is $30 Million over 5 years. As a partner to the project, Kitchener has the opportunity to attract and incubate businesses to strengthen this growing economic force in the city. Opportunities are strengthened through representation on the Board of Directors (Mayor of Kitchener) and the catalytic presence in downtown Kitchener. The Digital Media Convergence Centre is ideally suited to drive the growing investor confidence for the cluster developments identified in the Economic Development Strategic Plan. As part of a larger project, $12 Million cash and in-kind is committed from industrial partners in the Waterloo Region, $5.7 Million is committed from academic institutions, Communitech is committing $1 Million, $10 Million is allocated from both the Province of Ontario and the City of Stratford bolstering this request to the federal CECR program for $20 Million. The detailed grant application submitted through Communitech includes significant economic impact information and a business plan which represents a fulfilment of the EDIF requirements for a business case on allocation of these funds. In addition to the cluster development strategies, the Digital Media Convergence Centre (DMCC) is consistent with objective to attract, retain and develop talent to drive all sectors of the economy. Critical to future economic stability, the Economic Development Strategic Plan clearly outlines the need to provide a "magnet" for talent, specifically in authentic urban environments available in downtown Kitchener. The synergy of leading edge technology in the inspired urban setting of Downtown Kitchener, having all the right features for attracting the next generation required to sustain our diverse economy. The natural fit with biotechnology and life science visualization further promotes opportunities in biotechnology clusters, particularly with the proximity of the UW Downtown Kitchener Health Sciences as catalyst. Consistent with existing strategies and business trends, this investment constitutes an excellent candidate for the Economic Development Investment Fund. Provision for the use of the EDIF Employment funds for the digital media centre are already been allocated to facilitate just such an investment. CONCLUSION: Kitchener based companies such as Christie Digital already enjoy tremendous international success in the digital media industry. Still more is possible by leveraging the resources currently available in the region's industry and institutions to stimulate and accelerate the growth of digital media start-up- as well as existing companies, and attract new investment in this rapidly growing field. The proposed Digital Media Convergence Centre represents a significant opportunity to advance Kitchener's technology industries and enhance our ability to attract business investment and talent. The investment in this location of the DMCC, partnered with a private sector development ensures a leadership voice for the City of Kitchener in attracting talent, developing new jobs and sparking vitality for quality of life. The $500,000 commitment to invest will propel the City of Kitchener to the national stage, having a driving role in the creation of a digital convergence corridor that can link researchers, implementers and entrepreneurs from coast to coast. Should council approve this allocation, a letter of support for the Communitech application will be required prior to the October 15t", 2008 CECR deadline. The Government of Canada will award funding grants by January of 2009, with the DMCC also starting development in 2009 immediately after approval. FINANCIAL IMPLICATIONS: This project will require a $500,000, Economic Development Investment Fund (EDIF) investment in 2009. This represents a portion of a notional allocation of up to $1 Million included in the 2008 EDIF "employment lands" budget to support the Digital Media Convergence Centre. COMMUNICATIONS: The Digital Media Convergence Centre application is now advanced to Round #2 of the Centres for Excellence in Commercialization and Research through the larger Communitech application which includes the Stratford Institute. As the application proceeds further, staff will work with the city's partners to prepare communication for council, the community and national media. Rod Regier, Executive Director Silvia Wright, Manager Economic Development Downtown Development