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Total situation awareness
GEOIDE-assisted company is poised to
capture defence contracts Just as a troop of soldiers
needs precise information about the winding streets and towering
structures it will patrol, a start-up company needs to know
how to navigate its way through the streets of the marketplace.
Dr. Philippe Simard, president of the Montreal start-up firm
SimActive Inc., knows very well the difference between having
a great idea and having a great product. Fortunately for him,
he has both.
"When you are a researcher you tend to think that because
it's the first time something has been done or because what
you're working on is cool, people will be willing to buy it,"
says the 29-year-old geomatics entrepreneur. "But people
only buy something if it means they are going to save time
or money or if it's going to allow them to do something that
they couldn't do before."
Therein lies the difference between pure research and harsh
reality: "You can't afford to spend years developing
something if you're not sure who will buy it," says Dr.
Simard.
SimActive, which Dr. Simard founded in 2003 with his
brother Louis, recently signed a $1-million, 18-month agreement
with Defence Research and Development Canada at Valcartier,
Quebec to further develop software to give troops operating
in sometimes hostile urban environments total "situation
awareness" – precise knowledge and complete clarity
about the state of the world in which they will be working.
"Situation awareness is the buzzword," says Dr. Simard.
"If you want to be efficient on a mission, you want your
troops to have the exact knowledge of the state of the world,
of what's out there, what's happening and what's happened
since the last time they were there."
It's a fitting metaphor for the help GEOIDE has provided
SimActive in establishing itself as an up-and-coming geomatics
contender. Through the network's help the company has
total situation awareness about what it takes to survive and
succeed.
A former network researcher when he completed his PhD at
McGill University, Dr. Simard credits GEOIDE with helping
him get his highly specialized business off the ground.
"GEOIDE provided funding for me to do research at McGill
on one of the projects I was working on. I told them I wanted
to start a company and they had a program called the Market
Development Fund. They helped us, through this fund, to prepare
the business plan and secure the intellectual property that
we had developed by filing a patent. The Market Development
Fund is really good because it's hard at the early stage,
at the start-up of a company, to get seed money to get this
done."
GEOIDE helped Dr. Simard maintain ownership and control
of the company. He says that wealthy investors willing to
take risks on new and unproven technologies often will come
in and "for $20,000 or $40,000 basically take half of
your company." The GEOIDE Market Development Fund "gives
you the money to pass beyond that point," says Dr. Simard.
It also put him into contact with the right people for his
software product. "GEOIDE is all about being a huge Canadian
network of companies, so they helped us approach members of
the network. This facilitated contact with potential customers
or partners."
The defence sector is very promising but it has a long sales
cycle. "We're trying to generate revenues in the short
term and GEOIDE is helping us approach companies," adds
Dr. Simard.
The work SimActive is doing with the military will position
them to sell software licences throughout the defence sector
and to Canadian allies and partners. And it will enable SimActive
to develop non-military applications for civil authorities
and corporations.
SimActive might well be up and running without GEOIDE's help.
But it would have been a much tougher road to travel. "It's
hard to measure the power of the network," says Dr. Simard.
"It's really there. It would have been really difficult
without GEOIDE. It helped with our defence work – they
knew GEOIDE would help us and that gave us credibility."
Dr. Simard expects his company to grow to a staff of 10 to
15 over the next two to three years and then "if we do
hit the defence market as we are hoping to, selling hundreds
and hundreds of licences to that market will allow us to grow
exponentially from there."
SimActive is expected to sign a substantial contract with
a very well-known world class organization, says said Pierre
Nelis, former chief operating officer at Softimage who is
advising Philippe and Louis Simard get their company further
established. "This will be the trigger, the stepping
stone. From there they will be dealing with the top 500 companies
in the world. That will be their playing field, international,
world-class top 500 companies."
www.geoide.ulaval.ca
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