Coral CEA participation confirmed

October 6, 2011 at 4:11 pm | Posted in Uncategorized | Leave a comment
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OCTIE welcomes the participation of Coral CEA.

Coral CEA is a not-for-profit open innovation network composed of member companies and organizations focused on the commercialization of Communications Enabled Applications (CEAs).

Coral CEA was founded by the Ministry of Research and Innovation (MRI), Carleton University, IBM, GENBAND, Eclipse and ITAC.

Their vision is to create sustainable companies and knowledge jobs in the global market for CEAs. Coral CEA supports members in the commercialization process of new CEA products and services. This includes business development, distribution and brokering of alliance and capital relationships.

Coral CEA Value Proposition

  • For Solution Providers, Coral CEA reduces the time and cost of attracting, managing and growing a supplier network to deliver high-impact outcomes through the application of CEA Tools and Process Optimizations.
  • Provide an open development environment that members can leverage to research, develop, and test new and innovative CEAs. This environment reduces the cost and time to market associated with CEA product development.
  • Promote the open exchange of ideas and foster a culture of collaborative innovation and commercialization within membership.
  • Provide commercialization support services to enable market delivery of CEAs.

Since receiving its first provincial funding Coral CEA has

  • Partnered with 50 companies – nine of them brand new firms
  • In August 2011 member firm Cliniconex Inc. of Ottawa launched its first product
  • Helped create over 60 new software jobs in Ontario
  • Invested $850,000 dollars in public sector funding
  • Leveraged its public funding into a total of $30 million of in-kind services and cash from private sector member companies from start-ups to multinationals

The Board of Directors include:
Brian Forbes – Executive Director of Coral CEA
Lynda Leonard – Senior Vice President for the Information Technology Association of Canada
Robert White – Vice President, Mergers and Acquisitions in IBM’s Software Group
John McCready – Leader of Product Management at Genband
Peter Ricketts – Vice-President (Academic) and Provost at Carleton University
Mike Milinkovich – Executive Director of the Eclipse Foundation, Inc.

 

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