thedrcenter.org
2023 Canadian Emerging Tech & Policy Summit
University of Toronto
November 14th 2023
creativedestructionlab.com
web3canada.ca
Welcome & Introduction
Connor Spelliscy
Executive Director
Decentralization Research Center
Morva Rohani
Executive Director
Canadian Web3 Council
Intro to Creative Destruction Lab
Sonia Sennik
Executive Director Creative Destruction Lab
Creative Destruction Lab
An Introduction
Sonia Sennik
Executive Director
#BUILDSOMETHINGMASSIVE
Sonia Sennik
#BUILDSOMETHINGMASSIVE
Creative Destruction Lab’s mission�is to enhance the commercialization of science for the betterment of humankind.
#BUILDSOMETHINGMASSIVE
It is not the lack of ideas nor capital or effort that prevent early stage ventures in translating regional excellence in innovation into entrepreneurial success.
WHY IS IT HARDER TO BUILD STARTUPS OUTSIDE OF SILICON VALLEY?
#BUILDSOMETHINGMASSIVE
Instead, the primary reason�is a failure in the market for�high quality judgment.
WHY IS IT HARDER TO BUILD STARTUPS OUTSIDE OF SILICON VALLEY?
#BUILDSOMETHINGMASSIVE
Introducing the Creative Destruction Lab
PROGRAM STRUCTURE
Creative Destruction Lab (CDL) is 5-days of business mentorship and strategic objective setting, one day every 8-weeks spread out across 9-months from October until June.
Mentorship from entrepreneurs and investors
Organic investment opportunities
Technology advice from
CDL’s Scientists
Business development support from top students
#BUILDSOMETHINGMASSIVE
Brian Mosoff
CEO of Ether Capital; Blockchain and cryptocurrency expert
Sharon O’Sullivan
Global Head of Technology Research & Innovation, Enterprise Architecture & Innovation at BMO
Scott Stornetta
Chief Scientist & Partner at Yugen Partners; Co-inventor of the blockchain
Ethan Buchman
CEO @ Informal Systems; Former Co-founder and CTO at Tendermint
THE CDL NETWORK: MENTORS
Mentors are exited entrepreneurs, successful operators, angel investors, and VC partners
CDL-Montreal Blockchain/Web3 Mentors
#BUILDSOMETHINGMASSIVE
SCOPE & REACH
CDL operates five sites in Canada; three in the�United States; four in Europe; and one in Australia
TORONTO
● AI
● Advanced Therapies
● Cancer
● Matter
● Neuro
● Quantum
● Space
SEATTLE
● Computational Health
● Manufacturing
ROCKIES
● Prime
● Ag
● Energy
MONTREAL
● AI
● Supply Chain
● Blockchain & Web3
ESTONIA
● Digital Society
ATLANTIC
● Prime
● Oceans
WISCONSIN
● Advanced Therapies
● Risk
● Health & Wellness
ATLANTA
● FinTech
● Space
VANCOUVER
● Advanced Therapies
● Biomedical Engineering
● Cancer
● Climate
● Compute
● Minerals
BERLIN
● Health
PARIS
● AI
● Climate
● Space
OXFORD
● Advanced Therapies
● AI
● Climate
● FinTech
● Space
MELBOURNE
● Prime
CDL-Montreal
CDL-Toronto
CDL-Vancouver
CDL-Oxford
CDL-Rockies
CDL-Atlantic
CDL-Atlanta
CDL-Wisconsin
CDL-Paris
CDL-Seattle
CDL-Estonia
CDL-Berlin
CDL-Melbourne
Successful commercialization of cutting-edge science achieved through�the program
Equity Value Creation
$28B
Sites Focused on�Global Impact
13
● Advanced Therapies
● Agriculture
● Artificial Intelligence
● Biomedical Engineering
● Blockchain & Web3
● Cancer
● Climate
● Compute
● Computational Health
● Digital Society
● Energy
● FinTech
● Health
● Health & Wellness
● Manufacturing
● Matter
● Minerals
● Oceans
● Prime
● Quantum
● Risk
● Supply Chain
● Space
CDL operates thirteen sites, each tied to�a top tier research institution and business school
CREATIVE DESTRUCTION LAB
Increase Probability of Success
Streams
Participating Founders & Alumni Companies
6,000+
More than 6,000 founders representing over 2,300 companies have participated in the CDL program
#BUILDSOMETHINGMASSIVE
Prime
AI
Quantum
Health
Space
Blockchain
Energy
Supply Chain
Oceans
Recovery
Commerce
Climate
Risk
Ag
Matter
CDL-Toronto
CDL-Vancouver
CDL-Rockies
CDL-Montreal
CDL-Atlantic
CDL-Oxford
CDL-Atlanta
CDL-Paris
CDL-Wisconsin
Prime
AI
Quantum
Health
Space
Blockchain
Energy
CDL-Toronto
CDL-Vancouver
CDL-Rockies
CDL-Montreal
CDL-Atlantic
CDL-Toronto
CDL-Vancouver
CDL-Rockies
CDL-Montreal
CDL-Atlantic
CDL-Toronto
CDL-Vancouver
CDL-Rockies
CDL-Montreal
CDL-Atlantic
CDL-Oxford
CDL-Atlanta
CDL-Paris
CDL-Wisconsin
CDL-Seattle
SCALING AND SPECIALIZATION
CDL’s growth from 2012 to 2023
STREAM LAUNCHES
SITE LAUNCHES
CDL-Toronto
Prime
CDL-Toronto
CDL-Vancouver
Prime
AI
Prime
AI
Quantum
Health
CDL-Toronto
CDL-Toronto
CDL-Vancouver
CDL-Rockies
CDL-Montreal
CDL-Atlantic
CDL-Oxford
Prime
AI
Quantum
Health
Space
Blockchain
Energy
Supply Chain
Prime
AI
2012
2015
2016
2017
2018
2019
2020
2021
Prime
AI
Quantum
Health
Space
Blockchain
Energy
Supply Chain
Oceans
Commerce
Climate
Risk
Ag
Matter
FinTech
Neuro
CDL-Toronto
CDL-Vancouver
CDL-Rockies
CDL-Montreal
CDL-Atlantic
CDL-Oxford
CDL-Atlanta
CDL-Paris
CDL-Wisconsin
CDL-Seattle
CDL-Estonia
CDL-Berlin
Prime
AI
Quantum
Health
Space
Blockchain
Energy
Supply Chain
Oceans
Commerce
Climate
Risk
Ag
Matter
FinTech
Neuro
Cancer
Biomedical Engineering
Compute
Digital Society
Web3
Advanced Therapies
2022
2023
Prime
AI
Quantum
Health
Space
Blockchain/Web3
Energy
Supply Chain
Oceans
Climate
Risk
Ag
Matter
FinTech
Neuro
Cancer
Biomedical Engineering
Compute
Digital Society
Advanced Therapies
Minerals
CDL-Toronto
CDL-Vancouver
CDL-Rockies
CDL-Montreal
CDL-Atlantic
CDL-Oxford
CDL-Atlanta
CDL-Paris
CDL-Wisconsin
CDL-Seattle
CDL-Estonia
CDL-Berlin
CDL-Melbourne
#BUILDSOMETHINGMASSIVE
CDL-Montreal Blockchain/
Web3
Stream
20 Ventures from the 54 interviewed were selected to participate in the 2023/24 Blockchain/Web3 Cohort.
BLOCKCHAIN/WEB3 ALUMNI
79
Since 2018, 194 Ventures have been admitted to the Blockchain/Web3 stream at CDL, of which 79 graduated.
CDL-Montreal received 132 applications for the 2023/24 Blockchain/Web3 cohort. 54 were selected for interviews.
VENTURES ADMITTED
20
APPLICATIONS RECEIVED
132
Key Industries
IDENTITY & VERIFICATION APPLICATIONS
DECENTRALIZED SOCIAL NETWORKS
DECENTRALIZED MARKETPLACES
DATA STORAGE & TRANSMISSION SYSTEMS
METAVERSE
DECENTRALIZED GAMES & ENTERTAINMENT
DECENTRALIZED INFRASTRUCTURE
DeFi
DAOs
NFTs
The Value of CDL
THE CDL PROGRAM
#BUILDSOMETHINGMASSIVE
THE CDL NETWORK: ALUMNI
Successful commercialization of cutting-edge�science and technology
#BUILDSOMETHINGMASSIVE
THE CDL NETWORK: INVESTORS
CDL enables investment from �leading VC firms to venture
#BUILDSOMETHINGMASSIVE
We create the lowest barriers of entry possible for the highest performing scientists, inventors, and entrepreneurs from around the world.
IN CLOSING
#BUILDSOMETHINGMASSIVE
Thank you!
#BUILDSOMETHINGMASSIVE
Introduction to Tablemates
�What is the most common challenge you’ve experience working in emerging tech in Canada?
Senator Colin Deacon
Canadian Senate
Nova Scotia
Panel: On the State of Regulation of Blockchain & AI
MODERATOR
MP Ben Lobb
Member of Parliament, Huron-Bruce;
Shadow Minister for Digital Government
MORVA ROHANI
thedrcenter.org
creativedestructionlab.com
web3canada.ca
Lightning Talks
Shrey Jain
Founder, RxC, Plural Technology Collaboratory, Plurality Institute
Contextual Confidence
Shrey Jain
Microsoft Research
Zoë Hitzig
Harvard
Pamela Mishkin
OpenAI
identify
context
identify
context
protect
context
identify
context
protect
context
authenticity?
privacy?
identify
context
protect
context
contextual confidence
identify
context
protect
context
contextual confidence
DATA PROTECTION
FRAUD
PERSUASION
TRUTH
DEEPFAKES
DECEPTION
TRUSTWORTHINESS
PERSONHOOD
MISINFORMATION
DISINFORMATION
PRIVACY
SOCIAL ENGINEERING
SCAMS
FAIR USE
COPYRIGHT
DATA LEAKAGE
identify
context
protect
context
contextual confidence
context
who
when
where
why
how
definition: in settings with high contextual confidence
participants in an exchange have the tools to:
context
who
when
where
why
how
as a result,
there is a low probability that a contextual integrity norm will be violated
contextual confidence
is a framework that helps us understand how generative AI challenges meaningful and effective communication
contextual confidence
is a framework that helps us understand how generative AI challenges meaningful and effective communication
definition: in settings with high contextual confidence
participants in an exchange have the tools to:
as a result,
there is a low probability that a contextual integrity norm will be violated
(1)
guide development and prioritization
of existing strategies
(2)
see new (combinations of) strategies
goals
understand challenges
a firm’s CEO creates a mimetic model
(1)
guide development and prioritization
of existing strategies
(2)
see new (combinations of) strategies
goals
understand challenges
scenario
privacy perspective?
a firm’s CEO creates a mimetic model
(1)
guide development and prioritization
of existing strategies
(2)
see new (combinations of) strategies
goals
understand challenges
scenario
information integrity perspective?
a firm’s CEO creates a mimetic model
contextual confidence perspective
(1)
guide development and prioritization
of existing strategies
(2)
see new (combinations of) strategies
goals
understand challenges
scenario
outline
outline
identify
protect
challenges
impersonation and imitation
self
social or cultural groups
other people
AI models
astroturfing
challenges
reuse and recombination
pace
targeted dissemination
attribution
consent
scale
identify
protect
outline
strategies
containment
reactive
reassert context where it is currently threatened
reverse existing expectations
mobilize
proactive
assert context where not yet threatened
set higher expectations
strategies
contain
mobilize
strategies
identify
protect
contain
mobilize
strategies
identify
protect
contain
mobilize
content provenance
digital identity protocols
relational passwords
model verification
usage & content policies
deniable messages
prompt protection
data cooperatives
a firm’s CEO creates a mimetic model
scenario
identify
protect
contain
mobilize
a firm’s CEO creates a mimetic model
scenario
identify
protect
contain
mobilize
a firm’s CEO creates a mimetic model
scenario
identify
protect
contain
mobilize
a firm’s CEO creates a mimetic model
scenario
identify
protect
contain
mobilize
a firm’s CEO creates a mimetic model
scenario
identify
protect
contain
mobilize
outline
next steps
tool development
usability studies
identify
context
protect
context
Contextual Confidence and Generative AI
Shrey Jain
Microsoft Research
Zoë Hitzig
Harvard
Pamela Mishkin
OpenAI
Samir Chhabra
Director General of Marketplace Framework Policy, Innovation, Science and Economic Development Canada
BREAK
Please return to your seat by 10:45am
Stephanie Duhaime
Director, Program and Policy Innovation Financial Consumer Agency of Canada
Financial Consumer Agency of Canada
Unclassified / Non classifié
Supporting financial inclusion via digital innovation
Stephanie Duhaime Director, Program and Policy Innovation Research, Policy, and Education Branch Financial Consumer Agency of Canada
November 2023
The Financial Consumer Agency of Canada
Unclassified / Non classifié
Supervise federally-regulated financial entities including banks, credit unions, external complaints bodies, insurance companies, and payment card network operators (Interac and credit card companies).
Educate financial consumers in Canada and strengthen their financial literacy and financial resilience.
The Financial Consumer Agency of Canada (FCAC) is responsible for protecting the rights and interests of consumers of financial products and services. To that end, we:
Unclassified / Non classi
fié
We Protect.
3
We Educate.
We Innovate.
We Collaborate.
Research, Policy, and Education (RPE) Branch
Supporting financial inclusion through thought leadership and innovation in financial consumer protection
National Financial Literacy Strategy 2021-2026
Unclassified / Non classifié
4
Make Change that Counts
A 5-year plan to create a more accessible, inclusive, and effective financial literacy ecosystem for all Canadians.
Vision
A Canada where everyone can build financial resilience in an increasingly digital world.
National Strategy Measurement Plan
Protected B / Protégé B
5
To make change that counts, we need to measure our collective impact.
RPE: Policy and Consumer Research
Protected B / Protégé B
6
Enhanced focus collection of datasets for consumer protection and evidence-based policy development
Timely research to assess consumer financial capabilities, challenges, and trends for targeted experiments, interventions, and policy and program development
Building Our Evidence Base
9
Protected B / Protégé B
Data source: Open Banking Awareness Survey, May–June 2022
Confidential
Awareness and Understanding of Open Banking to inform policy.
Mobilizing around Evidence
Protected B / Protégé B
Digitalization of financial products and services
Context and research findings:
Our activities:
their financial commitments.
Our activities:
Context and research findings:
addressing consumer risk
Our activities:
Financial resilience in challenging economic times
Context and research findings:
Consumer protection
and trust
10
Planned Publications
Refund to Savings Canada Pilot Evaluation
National Strategy Results Dashboard
Payday loan comparison 2016-2022
Results from Public Opinion Research on Canadians' use of Stablecoin Report on line of credit and instalment use
Protected B / Protégé B
11
Eric Richmond
President, Coinsquare; Co-founder & Director, Tetra Trust Company
How is Canada doing in regulating Crypto Trading Platforms?
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
November 2023 - Canadian Emerging Tech & Policy Summit - Lightning Talk
72
Introduction to Cryptocurrency in Canada
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
Canada's crypto landscape has seen remarkable growth, both in adoption and regulation.
WonderFi, as a leading entity, has been at the forefront, guiding users through this evolving ecosystem.
73
Current Crypto Market in Canada
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
Canada has experienced a surge in cryptocurrency adoption in recent years.
13%�of Canadians own crypto
51%�of Canadians know about crypto assets
$1B+
Monthly trading volume on exchanges in Canada
(based on internal estimates)
Source: Ontario Securities Commission, Research Study: Crypto Assets 2022. October 19, 2022.
74
Current Crypto Market in Canada
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
31%
of Canadian plan to purchase Cryptocurrency or crypto funds in the next 12 months
49%
of Canadian crypto owners use an exchange or trading platform to store their crypto
Source: Ontario Securities Commision, Research Study: Crypto Assets 2022. October 19, 2022.
75
Crypto Trading Platforms Servicing the Canadian Market
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
The Canadian crypto space has evolved rapidly
WonderFi stands at this intersection, aiming to offer �Canadians innovative services in a compliant ecosystem.
76
Regulatory Landscape in Canada for CTPs
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
Regulatory stages: Early skepticism, cautious observation, to collaborative shaping of a framework.
Significant Regulatory Bodies & Their Stances:
Regulation ensures user protection and market integrity.
77
Today’s Regulatory Landscape
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
1. Regulated Firms Operating in Canada:
The evolving Canadian regulatory framework is steering crypto platforms towards heightened compliance.
78
Today’s Regulatory Landscape
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
2. International Firms:
3. Decentralized Platforms:
79
How is Canada doing in Regulating Crypto Trading Platforms?
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
1. Regulatory Clarity
The rules of engagement to operate a CTP in Canada are clear, however, regulators need to continue to be flexible in their approach in the application of securities rules. Time limits should be placed on CTPs to get through the “regulatory funnel” to not create regulatory arbitrage
2. Are the securities commissions supposed to regulate?
The securities commissions might not necessarily be the appropriate government bodies to regulate all things crypto. Federal and provincial governments should look to create laws that are tailored to this asset class.
3. Other areas of Crypto: Decentralized Finance, Stablecoins, NFTs, etc.
There can be unintended consequences of rule making. Regulating certains areas of crypto may just force the activity to move off-shore and to unregulated venues. Is that really our intention?
4. Global Technology in a Small Market
Crypto is global. Canada makes up 2% of the global GDP. Our rules (at times) need to be in lockstep with other large jurisdictions or we could stifle the asset class in Canada
THANK YOU
WonderFi owns, operates, and incubates �across the global digital asset ecosystem.
TSX:WNDR | OTCQB:WONDF | WKN:A3C166
Iliana Oris Valiente
Managing Director & Innovation Lead, Accenture Canada
The View from the Large Corporate Boardrooms
Ethan Buchman
CEO, Informal Systems; Co-founder, Cosmos Network
Mukul Ahuja
Financial Services Industry Leader, Omnia AI (Deloitte)
Stephanie Duhaime
Director, Program and Policy Innovation Financial Consumer Agency of Canada
Financial Consumer Agency of Canada
Unclassified / Non classifié
Supporting financial inclusion via digital innovation
Stephanie Duhaime Director, Program and Policy Innovation Research, Policy, and Education Branch Financial Consumer Agency of Canada
November 2023
The Financial Consumer Agency of Canada
Unclassified / Non classifié
Supervise federally-regulated financial entities including banks, credit unions, external complaints bodies, insurance companies, and payment card network operators (Interac and credit card companies).
Educate financial consumers in Canada and strengthen their financial literacy and financial resilience.
The Financial Consumer Agency of Canada (FCAC) is responsible for protecting the rights and interests of consumers of financial products and services. To that end, we:
Unclassified / Non classi
fié
We Protect.
3
We Educate.
We Innovate.
We Collaborate.
Research, Policy, and Education (RPE) Branch
Supporting financial inclusion through thought leadership and innovation in financial consumer protection
National Financial Literacy Strategy 2021-2026
Unclassified / Non classifié
4
Make Change that Counts
A 5-year plan to create a more accessible, inclusive, and effective financial literacy ecosystem for all Canadians.
Vision
A Canada where everyone can build financial resilience in an increasingly digital world.
National Strategy Measurement Plan
Protected B / Protégé B
5
To make change that counts, we need to measure our collective impact.
RPE: Policy and Consumer Research
Protected B / Protégé B
6
Enhanced focus collection of datasets for consumer protection and evidence-based policy development
Timely research to assess consumer financial capabilities, challenges, and trends for targeted experiments, interventions, and policy and program development
Building Our Evidence Base
9
Protected B / Protégé B
Data source: Open Banking Awareness Survey, May–June 2022
Confidential
Awareness and Understanding of Open Banking to inform policy.
Mobilizing around Evidence
Protected B / Protégé B
Digitalization of financial products and services
Context and research findings:
Our activities:
their financial commitments.
Our activities:
Context and research findings:
addressing consumer risk
Our activities:
Financial resilience in challenging economic times
Context and research findings:
Consumer protection
and trust
10
Planned Publications
Refund to Savings Canada Pilot Evaluation
National Strategy Results Dashboard
Payday loan comparison 2016-2022
Results from Public Opinion Research on Canadians' use of Stablecoin Report on line of credit and instalment use
Protected B / Protégé B
11
LUNCH
Please reconvene at 12:40pm.
Table 1 | Table 2 | Table 3 | Table 4 | Table 5 | Table 6 | Table 7 | Table 8 |
Daniel Warelis Ben Lobb Jacob Robinson Eric Richmond Skaidra Puodziunas | John Le Blanc Bhutila Karpoche Jordan Solway Denis Gregoire Valentina Taachi | Jeff Kehoe Pascale Toupin Nick Chen Sharon O'Sullivan Mathew Szeto | Brian Mosoff Colin Deacon Peter Kieltyka Marco Ciarlariello Jake Harwood | Ilana Singer Stephanie Tjon Morva Rohani Stephanie Duhaime Michael Geist | Owen Gaffney Stacie Korjenevitch Jonathan Ip Randall Baran-Chong Scott Stornetta | Lori Stein Samir Chhabra Mark Doble Mano Kulasingam Amadea Camozzi | Addison Cameron-Huff Alex Husarewych Evan Weiss Khaled Verjee Richard Clark |
Table 9 | Table 10 | Table 11 | Table 12 | Table 13 | Table 14 | Table 15 |
Abu Kamat Evan Thomas James Rooney Sanjay Zimmerman Preet Singh | Winnie Santoyo Shrey Jain Jelena Djuric Matt Singh Merici Young | Yanny Young David Smith Ethan Buchman Connor Spelliscy Jillian Friedman | Brandon Zhao Stefan Coolican Iliana Oris Valiente George Bordianu Tanim Rasul | Carrie Barr Suzanne Lasrado Mathieu Baril Anne Ramsay Jeffery Sun | Marc Lijour Shir Barzilay Mariama Dupuis Gurkamal Dhahan Kent Williamson Ben Harrison | |
Afternoon Seating Chart
Welcome Back
What is the most positive experience you’ve had working in emerging tech in Canada?
Suzanne Lasrado
Vice President of Member Services & Innovation
CIRO
Panel: Industry and Regulators Working Together on Blockchain
MODERATOR
Winnie Sanjoto
Director of Corporate Finance
OSC
Pascal Toupin
Director of Oversight of Intermediaries AMF
Jordan Solway
Executive Vice President of Legal & Enforcement
FSRA
EVAN THOMAS
Head of Legal, Wealthsimple Crypto
thedrcenter.org
creativedestructionlab.com
web3canada.ca
Lightning Talks
Stephanie Duhaime
Director, Program and Policy Innovation Financial Consumer Agency of Canada
Financial Consumer Agency of Canada
Unclassified / Non classifié
Supporting financial inclusion via digital innovation
Stephanie Duhaime Director, Program and Policy Innovation Research, Policy, and Education Branch Financial Consumer Agency of Canada
November 2023
The Financial Consumer Agency of Canada
Unclassified / Non classifié
Supervise federally-regulated financial entities including banks, credit unions, external complaints bodies, insurance companies, and payment card network operators (Interac and credit card companies).
Educate financial consumers in Canada and strengthen their financial literacy and financial resilience.
The Financial Consumer Agency of Canada (FCAC) is responsible for protecting the rights and interests of consumers of financial products and services. To that end, we:
Unclassified / Non classi
fié
We Protect.
3
We Educate.
We Innovate.
We Collaborate.
Research, Policy, and Education (RPE) Branch
Supporting financial inclusion through thought leadership and innovation in financial consumer protection
National Financial Literacy Strategy 2021-2026
Unclassified / Non classifié
4
Make Change that Counts
A 5-year plan to create a more accessible, inclusive, and effective financial literacy ecosystem for all Canadians.
Vision
A Canada where everyone can build financial resilience in an increasingly digital world.
National Strategy Measurement Plan
Protected B / Protégé B
5
To make change that counts, we need to measure our collective impact.
RPE: Policy and Consumer Research
Protected B / Protégé B
6
Enhanced focus collection of datasets for consumer protection and evidence-based policy development
Timely research to assess consumer financial capabilities, challenges, and trends for targeted experiments, interventions, and policy and program development
Building Our Evidence Base
9
Protected B / Protégé B
Data source: Open Banking Awareness Survey, May–June 2022
Confidential
Awareness and Understanding of Open Banking to inform policy.
Mobilizing around Evidence
Protected B / Protégé B
Digitalization of financial products and services
Context and research findings:
Our activities:
their financial commitments.
Our activities:
Context and research findings:
addressing consumer risk
Our activities:
Financial resilience in challenging economic times
Context and research findings:
Consumer protection
and trust
10
Planned Publications
Refund to Savings Canada Pilot Evaluation
National Strategy Results Dashboard
Payday loan comparison 2016-2022
Results from Public Opinion Research on Canadians' use of Stablecoin Report on line of credit and instalment use
Protected B / Protégé B
11
Yanny Young
Manager of Innovation in Finance, Alberta Securities Commission
Innovation in Finance�(InnoFin) at the ASC
Yanny Young, Manager, Innovation in Finance
Alberta Securities Commission
ALBERTA SECURITIES COMMISSION
InnoFin as a start-up
ALBERTA SECURITIES COMMISSION
117
InnoFin Lab
InnoFin Hub
Technology and Innovation Advisory Committee (TIAC)
National and International Fintech Committee and working groups
Innovation is a community endeavour
ALBERTA SECURITIES COMMISSION
118
“If you look at history, innovation doesn’t come just from giving people incentives; �it comes from creating environments where their ideas can connect.”
Steven Johnson, American science author and media theorist
TechSprint
ALBERTA SECURITIES COMMISSION
119
Monetary Authority of Singapore (MAS)
G20 TechSprint, 2020
Innovate as a community
ALBERTA SECURITIES COMMISSION
120
Identify
Experiment
Learn
Shared objectives: innovation’s role in investor protection, burden reduction, fairness and efficiency, privacy, etc.
Through real-world simulation or sample test in a risk-contained manner.
Step-wise adaptation to new and emerging technology with agility.
Questions?
ALBERTA SECURITIES COMMISSION
Yanny Young
yanny.young@asc.ca
Thank you
Ilana Singer
Senior Vice President of Legal & Policy; Corporate Secretary, Canadian Investor Protection Fund
Investor Protection in Times of Disruption – Are We Ready?
Ilana Singer
SVP, Canadian Investor Protection Fund and Chair, OSC Investor Advisory Panel
2023 Canadian Emerging Tech & Policy Summit
124
125
126
Thank you.
Ilana Singer
Phone: 416 643-7120
Email: isinger@cipf.ca
Website: www.cipf.ca
127
BREAK
Please be back in your seat by 2:35pm.
Michael Geist
Professor of Law, University of Ottawa; Canada Research Chair in Internet and E-commerce Law
Digital Policy as an ATM
Skaidra Puodžiūnas
Senior Engagement Advisor
Ontario Digital Service
Abu Kamat
Manager of Policy Development
Council of Canadian Innovators
Building an Innovation & Prosperity Strategy for Canada
Skaidra Puodziunas
Council of Canadian Innovators�Director, Government Affairs for Ontario spuodziunas@canadianinnovators.org
Canada has a scale-up problem, not a start-up problem.
Innovation is the commercialization of an idea – an invention.
Canada does ‘invention’ well (i.e. scientific, university research) but does ‘innovation’ poorly (i.e. scaling, commercializing).
�
These are failures of public policy, not of a lack of drive or entrepreneurial spirit from Canadian innovators.
Tech’s Lobbying Push Follows Market Consolidation, Study Shows
(Bloomberg – Aug. 25, 2021)
For far too long, public policy regarding job creation and commercialization in Canada has been dominated by non-practitioners, foreign multinationals and other actors whose primary purpose is not to create economic growth in our most strategic sectors.
Since 2015, CCI has helped change the way Canadian governments develop economic policy by ensuring that Canadian innovators are engaged in all parts of the public policy development process.
Tech startups urge Ottawa not to raise taxes on stock options
(The Globe & Mail – Dec 30, 2015)
Liberals drop controversial stock options tax plan
(The Globe & Mail – March 22, 2016)
Canadian tech firms want shorter visa wait times for foreign talent
(The Globe & Mail – July 26, 2016)
Government unveils global skills strategy with fast-track visa process (Betakit – November 1, 2016)
Canada needs an innovative intellectual property strategy
(The Globe and Mail – May 19, 2017)
Federal government to announce ‘patent troll’ crackdown as part of national IP strategy
(The Globe and Mail – April 25, 2018)
Canadian CEOs and academics push Ottawa for national big-data strategy
(The Canadian Press – February 4, 2018)
Federal government to kick off talks about national strategy on big data (iPolitics– June 18, 2018)
CCI tells feds emergency wage subsidy must be expanded to support Canadian tech
(Betakit – April 2, 2020)
Ottawa unveils $1.2-billion in pandemic funding for startups, small business
(The Globe and Mail – April 17, 2020)
Ottawa adds $155-million to pandemic-support Innovation Assistance Program
(The Globe and Mail – November 6, 2020)
Tech companies calling on Alberta premier to intervene in battle over 'software engineer' title
(The Canadian Press – October 14, 2022)
Alberta moves to legalize use of 'software engineer' title, ending lengthy battle between regulators, tech firms
(The Globe and Mail – November 6, 2023)
CCI is a network of CEOs committed to growing Canada’s innovation outputs
Shift from Tangibles to Intangibles
Components of S&P Market Value
Economy of Traditional, Tangible Goods | Economy of Ideas, Intangible Goods |
Ownership of physical property is a positive right | Owning (“generating”) intellectual property (IP) is a negative right |
Production and sale of physical property to generate revenue | Amassing IP and restricting use to collect “rents” |
The objective in industrial/services economy is to move inventory | The objective in the innovation economy is to acquire IP |
Traditional goods can only be owned by one person at a time (“rivalrous”) | IP is globally and simultaneously accessible by unlimited number of people (“non-rivalrous”) |
Traditional infrastructure needed to move goods across borders to individual customers | It is impossible to determine where IP originates and how it moves across borders |
Supply chains feature multiple vendors competing with each other based on cost competitiveness | Value chains are based on winner-take-all economics |
Competition rules prevent traditional production monopolies | IP is a government-created temporary monopoly |
Trade liberalization increases competition and reduces prices | Stronger IP protections decrease competition and increase prices |
Traditional trade agreements reduce the value of vested interests | “Asset enhancement agreements” raise the value of vested IP-based interests |
We’re in the era of intangibles.
ISED, March 2021
… What about AI?
Read in full here.
Thank you!
Skaidra Puodziunas
Council of Canadian Innovators�Director, Government Affairs for Ontario spuodziunas@canadianinnovators.org
Mark Doble
Founder & CEO
Alexi
Panel: On Canadian Founders in AI & Blockchain
CONNOR SPELLISCY
MODERATOR
Jake Harwood
Co-founder
Staging Labs
Mathieu Baril
Co-founder & CEO
Octav
Matt Singh
Director of Strategic Partnerships
ChainSafe
thedrcenter.org
creativedestructionlab.com
web3canada.ca
Closing Remarks
Scott Stornetta
Chief Scientist and Partner, Yugen Partners LLC; Fellow, Creative Destruction Lab
Privacy Unmasked:
Privacy Unmasked: the Separation of Information from Effect
©2006 Equipoise Institute
Privacy
Information
Effect
thedrcenter.org
creativedestructionlab.com
web3canada.ca
Thank You