July 6, 2016 - Canadian Film Centre

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FOR  IMMEDIATE  RELEASE:  

   

CFC  Media  Lab  and  OMERS  Ventures  Announce  Launch  of  VR   Ecosystem  Study     To  tweet  this  release:  http://bit.ly/282MKxD     Santa  Clara,  California  (June  1,  2016)  –  At  the  Augmented  World  Expo  (AWE)  in  Santa  Clara,  California,   the  Canadian  Film  Centre’s  Media  Lab  (CFC  Media  Lab)  and  OMERS  Ventures  today  announced  that   they  have  partnered  to  co-­‐author  a  study  focused  on  the  VR  ecosystem  in  Canada.  Titled  Pulse  on  VR:  A   Workflow  and  Ecosystem  Study,  the  study  aims  to  identify  the  key  players  in  this  emerging  industry  and   the  primary  workflows  used  to  bring  Virtual  Reality  (VR)  to  users.     The  impetus  for  the  study  is  rooted  in  a  desire  to  better  understand  VR  workflows  –  how  VR  experiences   are  created  and  distributed  –  and  which  technologies  and  companies  are  taking  part  in  designing  the   different  parts  of  this  ecosystem.  Ultimately,  Pulse  on  VR  will  shed  light  on  the  enormous  market   potential  and  groundbreaking  impacts  that  VR  affords  the  creative  and  technology  industries  in  Canada   and  beyond.       “The  current  reality  of  the  VR  workflow  in  North  America  is  that  it’s  complex,  multi-­‐layered  and  not  well   understood,”  said  Ana  Serrano,  Chief  Digital  Officer,  Canadian  Film  Centre.  “This  lack  of  clarity  risks   hindering  growth  in  the  VR  ecosystem.  With  this  study,  we  hope  to  uncover  strengths,  weaknesses  and   gaps  in  Canada’s  VR  ecosystem  in  order  to  determine  and  tap  into  new  areas  for  growth  in  VR  that  offer   promising  market  potential.”     The  study  will  undertake  crucial  research  into  the  VR  ecosystem  that  will  be  executed  by  Nordicity,  a   leading  international  consulting  firm  providing  solutions  for  Strategy  and  Business,  Economic  Analysis,   Impact  and  Evaluation  across  the  creative  and  digital  media  industries.  The  research  is  funded  by   Canada  Media  Fund  (CMF-­‐FMC),  Telefilm  Canada,  Creative  BC,  On  Screen  Manitoba  (OSM)  and  New   Media  Manitoba  (NMM),  the  Ontario  Media  Development  Corporation  (OMDC),  la  Société  de   développement  des  entreprises  culturelles  (SODEC)  and  supported  by  Super  Ventures.     “Virtual  reality  is  very  much  a  nascent  technology  and  it  remains  to  be  seen  how  the  Canadian  VR   ecosystem  will  evolve,”  said  Prashant  Matta,  Venture  Capitalist,  OMERS  Ventures.  “This  study  will  help   us  understand  the  opportunities  and  challenges  that  VR  will  bring  to  the  entertainment  industry  and   beyond.”     Approach  and  Methodology   The  research  will  investigate  VR  content  creators,  as  well  as  companies  that  make  software  and/or   hardware  that  enable  VR  content,  from  specific  jurisdictions  across  Canada  –  notably  Ontario,  Québec,   Manitoba,  Alberta,  and  British  Columbia  –  with  additional  insights  gathered  from  California.  The   research  will  also  incorporate  experiences  such  as  active  VR  (e.g.  VR  games),  passive  VR  (e.g.  linear   documentary  experiences)  and  hybrid  VR  experiences  (combining  both  active  and  passive  VR).  The  study   will  address  specific  topics  such  as  who  is  making  VR  experiences  and  creating  the  tools  and/or  

hardware  that  enable  these  experiences,  what  companies  are  currently  have  the  potential  to  shape  the   VR  ecosystem,  what  challenges  exist  in  creating  VR  experiences  in  Canada,  and  what  future   opportunities  exist  for  VR.     An  online  survey  launches  on  Wednesday,  June  1,  2016  in  select  locations  and  will  be  available  to   complete  until  Friday,  July  29,  2016.  CFC  Media  Lab  and  Nordicity  will  also  interview  a  selection  of   leading  Canadian  and  international  VR  companies  to  serve  as  case  studies  of  what  success  in  VR  looks   like.  The  resulting  research  findings  will  be  publicly  accessible  and  will  benefit  companies,  funders,   investors  and  content  creators  working  in  VR  that  are  seeking  to  understand  where  they  fit  in  the   ecosystem  and  how  VR  workflows  apply  to  them  and  their  projects.     For  VR  content  creators  and  companies  that  make  software  and/or  hardware  that  enable  VR  content   looking  to  participate  in  the  study  and  complete  the  online  survey,  please  visit:   http://fluidsurveys.com/s/PulseOnVR/       For  more  information  on  Pulse  on  VR:  A  Workflow  and  Ecosystem  Study,  please  visit:   http://cfccreates.com/programs/98-­‐vr-­‐strategy?child_id=99#tabs       Social  Media  Links     CFC  Media  Lab   @cfcmedialab  |  facebook.com/cfcmedialab     Canadian  Film  Centre   @cfccreates  |  facebook.com/cfccreates     OMERS  Ventures   @OMERSVentures  |  facebook.com/OMERSVentures     About  CFC  Media  Lab   The  Canadian  Film  Centre’s  Media  Lab  (CFC  Media  Lab)  is  an  internationally  acclaimed  digital  media   think  tank  and  award-­‐winning  production  facility.  It  provides  a  unique  research,  training  and  production   environment  for  digital  media  content  developers  and  practitioners,  as  well  as  acceleration  programs   and  services  for  digital  entertainment  start-­‐ups  and  related  SMEs.  Program  participants  have  emerged   as  leaders  in  the  world  of  digital  media,  producing  groundbreaking  projects  and  innovative,  sustainable   companies  for  the  digital  and  virtual  age.  CFC  Media  Lab  is  funded  in  part  by  the  Federal  Economic   Development  Agency  for  Southern  Ontario.  www.cfccreates.com.       About  OMERS  Ventures   OMERS  Ventures  is  the  venture  capital  investment  arm  of  OMERS,  one  of  Canada's  largest  pension  funds   with  over  $77  billion  in  net  assets.  OMERS  Ventures  is  a  multi-­‐stage  investor  in  growth-­‐oriented,   disruptive  technology  companies  across  North  America.  We  seek  like-­‐minded  partners  with  a  shared   vision  of  building  a  vibrant  and  successful  knowledge  economy.    

     

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-­‐30-­‐     For  media  inquiries,  please  contact:     Cory  Angeletti-­‐Szasz   Manager,  Communications,  CFC   o.  416.445.1446  x463   c.  647.273.2795   [email protected]     Nicole  Kelly   Community  Director,  OMERS  Ventures   416.369.3727   [email protected]    

     

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