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Assunta Krehl

Global Giant Seeks Ontario Biotech Deal - National Post - 0 views

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Merck Frosst MaRS

shared by Assunta Krehl on 27 Aug 09 - No Cached
  • Assunta Krehl on 27 Aug 09
     
    Ranbaxy Pharmaceuticals Inc is establishing its first Canadian sales office in Mississauga ON, but they have also confirmed that they are considering to become a MaRS tenant. Merck Frosst Canada announced that they will become a tenant in the MaRS Centre.
  • Assunta Krehl on 27 Aug 09
     
    Ranbaxy Pharmaceuticals Inc is establishing its first Canadian sales office in Mississauga ON, but they have also confirmed that they are considering to become a MaRS tenant. Merck Frosst Canada announced that they will become a tenant in the MaRS Centre. July 10, 2005
Assunta Krehl

Building a Successful Biotech Incubator - 0 views

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entrepreneurs mars education raising capital

shared by Assunta Krehl on 31 Jul 09 - Cached
  • MaRS aggregates the discovery pipelines of its member institutions, which include three universities, 10 academic teaching hospitals, and the Ontario Institute for Cancer Research.
  • MaRS is another good example. Located in the heart of downtown Toronto, the MaRS facility is less than a mile from five major teaching hospitals, the Ontario legislature, and the University of Toronto. More than two dozen research institutes and Toronto’s financial district are also nearby.
  • Consequently, MaRS is a vertical incubator, with a wide variety of companies and stages of development. That mix helps companies better understand the conditions that foster growth. MaRS is home to more than 65 organizations, including The Hospital for Sick Children, the Ontario Institute for Cancer Research, Merck Frosst Canada, the McEwen Centre for Regenerative Medicine, Celtic House Venture Partners, AIM Therapeutics, and AstraZeneca Canada.
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  • “Collaboration is the essence of the new economy,” insists Ross Wallace, director of strategic partnerships at MaRS. “There’s a new focus on the power of institutions to generate intellectual property and ideas, and then build around them.”
  • MaRS has a virtual education program dubbed “Entrepreneurship 101.” One February class features budgeting, another agrifood innovation. The classes are available at no cost, and anyone can register. The program also includes blogs and discussion groups such as the drug development and cancer targets groups. So far, MaRS has relied on viral marketing to get the word out.
  • To provide that expertise, MaRS developed the MaRS Venture Group. This team of experienced investors, entrepreneurs, technology experts, and advisors works with companies to help them bridge the gap between entrepreneurial start-up and experienced growth company. The Venture Group provides market intelligence as well  as advisory services such as strategic planning, partnership and alliance building, intellectual property management, marketing and communications, sales strategy, channel development, financing, and human resource development. It works with groups outside the MaRS orbit, too.
  • Assunta Krehl on 31 Jul 09
     
    To have a successful biotech initiative proximity to academic hubs and capital remains a crucial factor in hatching a thriving cluster. MaRS Discovery District is a good example of a vertical incubator and offers many services to help entrepreneurs at different stages.
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