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Assunta Krehl

Pharmafocus.com - 0 views

  • Canada has always had to fight hard to attract talent and investment
  • MaRS Vital to Toronto's life sciences vision is MaRS (derived from Medical and Related Sciences) a non-profit organisation and business centre located in the heart of the city. Its core function is as a biotech incubator and business park, known as MaRS Discovery District. The venture was first established in 2000 to help foster and accelerate the growth of successful Canadian businesses and, after some uncertain times, it is now gathering momentum. A separate technology transfer office, MaRS Innovation, has also been established that, it is hoped, can be a world beater in its own right (see Turning good ideas into world beaters below). The location of the MaRS building in central Toronto is important, as it is just a stone's throw away from an existing cluster of universities and academic hospitals. MaRS has many links with other research-based organisations, including collaborations with three local universities, 10 academic teaching hospitals and the Ontario Institute for Cancer Research. MaRS occupies the Old Toronto general hospital, where insulin was first discovered by Best and Banting in 1921 and then developed for use in human trials. The 21st Century organisation can build on this heritage in patient-focused discovery and development. Formerly the head of venture capital firm Primaxis, Ilse Treurnicht is chief executive of MaRS Discovery District. She acknowledges the crisis in venture capital funding, and says Canada's sector has always had less access funds through this route than other countries. This is one of the drivers behind the search for a new approach. Treurnicht says the old models of building biotech and life sciences businesses have to be discarded, as they have failed to build companies with critical mass. She says MaRS' new 'Convergence Innovation' strategy of bringing science, capital and business together will pay off.
  • "We call our strategy 'Convergence Innovation' and what we are trying to do is move away from the old linear model of academics struggling in their spare time to build companies or entrepreneurs doing this in a very incremental way."It takes time and it has many risk points along the way. So using this Convergence centre model to create a much more dynamic organisation which can help accelerate good ideas towards the commercialisation." But she says Canada's geography and demographics are always going to be a challenge. "This is a very large country with a small population. If you think in terms of clusters and hub regions, Canada's business hubs are separated geographically, and there is not much in between in terms of people."That means we can't try to be a little United States, because we just won't show up on the radar. We have to take a different approach. We have to think about collaboration as our potential competitive advantage - that means using networks and associations to solve problems and build businesses."So as new opportunities emerge, we can take them to market faster and hopefully with a higher success rate." The centre currently accommodates numerous start up companies, as well as those providing legal and financial services to them. AstraZeneca and GlaxoSmithKline also have offices on site. In all, MaRS provides mentoring for over 200 different companies across Ontario, and runs courses on entrepreneurship and preparing products for market.
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  • Transition Therapeutics is one of the companies based at MaRS, and is an example of a biopharmaceutical company that is taking a new approach to the science and business of drug development.
  • Now Toronto's MaRS Innovation (MI) has been launched to try to guide and accelerate these promising ideas out of the wilderness and onto the market. MI is a not-for-profit technology transfer company that will channel all the best ideas to come out of Toronto's renowned academic centres. In the Toronto and Ontario area there were between 14-16 different technology transfer offices in the different institutions, and MaRS Innovation resolved to bring these interests together into a single entity after industry partners told them it was an inefficient way to do business. Bringing together the different institutions under one umbrella organisation has been an arduous task for MaRS, but the reward could be considerable for all parties. MI now oversees probably the largest intellectual property pipeline of its kind, representing about $1 billion in annual research spending. This means MI will be a unified route for all of Toronto's academics and their institutions when they want to develop and commercialise a bright idea. Most importantly, investors from industry who are looking to collaborate will now be able to deal with just organisation and one IP process. MI will cover patentable ideas across a broad range of areas, and not just life sciences - the discovery pipeline in physical sciences, information and communication technology, and green technology ('cleantech') will all be funnelled through MI. MI now represents three universities, 10 academic teaching hospitals and the Ontario Institute for Cancer Research. MaRS Innovation, with support from MaRS and BioDiscovery Toronto, will advance commercialisation through industry partnerships, licensing and company creation.
  • MI has just announced its first two commercialisation deals with academic partners in the city. The first is with the Samuel Lunenfeld Research Institute of Mount Sinai Hospital to develop stem cell from umbilical cords to treat cardiovascular disease, diabetes and neurological disorders. "With the Toronto area identified as a world-leading cluster in stem cell research, we are extremely excited to have identified this technology as our first commercialisation opportunity," said Dr Hofstein.
  • ts chief executive is Dr Rafi Hofstein. Hofstein has been headhunted from Israel where he was chief executive of Hadasit, the technology transfer company of the Hadassah Medical Organization in Jerusalem and chair of the publicly-traded company Hadasit BioHolding. He brings this considerable experience in technology transfer to what he thinks is a groundbreaking enterprise."MaRS Innovation is a unique global initiative, and I must commend the institutional leaders in Toronto for pulling this innovation powerhouse together to strengthen commercialisation output." He adds: "I believe this is going to modernise the whole notion of tech transfer." He says the scale and diversity of MaRS Innovation's remit puts it into a league of its own. Other research clusters elsewhere in the world have attempted similar projects before, but have been thwarted by the difficulty in bringing parties together. MaRS Innovation will also help launch and grow new spin-off companies and incubate them for 2-3 years to ensure a strong commercial footing. Hofstein says MI will also fund proof of concept trials which will persuade major pharma companies to invest in their development.
  • "Our partnership with MaRS Innovation on developing methods for using stem cells for diseases such as diabetes will allow us to work towards advancing care for these critical conditions."
  • The second collaboration is between MI and The University of Toronto (U of T) and involves a novel sustained release formulation of nitric oxide (NO) for applications in wound healing, including diabetic ulcers. "There are 300 million diabetics worldwide, of which some 15% develop troublesome foot ulcers. This wound healing technology is extremely exciting, making it an early commercialisation opportunity that MaRS Innovation has identified as being a potential win for some 45 million diabetics globally," said Dr Hofstein.
  • "This is one of many new commercialisation ventures that will be initiated by MaRS Innovation, our partner in commercialisation of research with 13 other academic institutions across the Greater Toronto Area," said Paul Young, U of T's vice-president, Research. "We at U of T are delighted that this innovation from Dr Lee will be taken to the marketplace to the benefit of society and the economy of Ontario and Canada." By aggregating the leading edge science of its institutional members and being a one-stop commercialisation centre for industry, entrepreneurs and investors, MI could really help put Toronto and Canada on the map."MaRS Innovation is deeply committed to facilitating strategic research collaborations with industry partners, strengthening the innovation capacity of Canadian industry through adoption of new technologies, and launching a new generation of robust, high-growth Canadian companies that will become global market leaders," added Dr Hofstein. "We look forward to working closely with all of our institutional members and to continue to jointly announce exciting commercial opportunities."
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    Canada has always had to fight hard to attract talent and investment. As stated in Pharmafocus.com, "MaRS Discovery District helps to foster and accelerate the growth of successful Canadian businesses." MaRS Innovation has also been launched to accelerate ideas onto the market.
Sarah Hickman

IT in Canada - Canada's Only Integrated Social Media News Network - 0 views

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    The IT Forum Exchange Network (ITFX) has launched its first microsite, Unified Communication in Canada, designed to stimulate informed discussion of Unified Communications and its role in enhancing the competitiveness of Canadian private and public sector enterprises. UC in Canada's Unified Communications discussion area will be featured on "forum pages" across the network. Visit the Unified Communication in Canada Website. About ITFX: Leading trade publishers and other technology thought leaders have created ITFX with the intention of establishing a national problem-solving dialogue on key IT issues. Issues which are within their discussion forums include; Green IT, Unified Communications and Investment and Go-to-Market activity linking portals operated by leading trade publications, IT industry associations and social media sites.
Assunta Krehl

MobileMonday partners with MaRS to inform and connect wireless professionals - MaRSdd.com - 0 views

  • MobileMonday Toronto and MaRS are delighted to announce a partnership to develop and host a range of dynamic events for the city’s mobile industry professionals. MobileMonday at MaRS will offer thought leadership and critical industry perspectives – most recently from a senior manager at Research in Motion – while connecting top-tier professionals and boosting the profile of one of the fastest-growing sectors of communications technology.
  • “MaRS is a fantastic environment for sharing ideas and industry knowledge, two key building blocks of the MobileMonday community,” said Jim Brown and Alexander S. Bosika, co-founders of the MobileMonday Toronto chapter. “MaRS and its network of business advisors and capital providers are also of great benefit to many of our members who are developing business plans and seeking capital.”
  • For MaRS, the partnership is a natural fit with great potential to benefit the hundreds of start-up clients from across Ontario who are working hard to turn their innovative concepts into viable, thriving businesses, and come to MaRS for advice and connections to potential customers and investors. 
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  • We’re very excited to be working closer with the MobileMonday community,” said MaRS CEO Ilse Treurnicht. “As MobileMonday Toronto moves to MaRS, it helps us connect with additional intellectual capital in one of the most significant high-growth sectors of the new economy.”
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    MobileMonday Toronto and MaRS announced a partnership to develop and host a range of dynamic events for the city's mobile industry professionals. MobileMonday at MaRS will offer thought leadership and critical industry perspectives and connect top-tier professionals and boosting the profile of one of the fastest-growing sectors of communications technology.
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    MobileMonday Toronto and MaRS announced a partnership to develop and host a range of dynamic events for the city's mobile industry professionals. MobileMonday at MaRS will offer thought leadership and critical industry perspectives and connect top-tier professionals and boosting the profile of one of the fastest-growing sectors of communications technology. Feb 17, 2009
Assunta Krehl

Go to MaRS - Canadian Newcomers Magazine - 0 views

  • nd development of new ideas. It provides not only office and lab space but also free mentoring assistance to new businesses in science, technology and social innovation. While there are probably no chickens hatching at MaRS, it wouldn't be at all surprising to find a company working on, say, a vaccine for bird flu. Approximately 20 incubator companies are currently housed at MaRS, including Clera Inc. - which is developing treatments for schizophrenia and depression; AXS Biomedical Animations Studio - a company that creates 3D medical animation for biomedical research and other applications; and Kanata Chemical Technologies (KCT), which has had great success developing catalysts for the chemical industry (catalysts speed up chemical reactions without being changed or consumed in those reactions
  • All of the above definitions could apply to the wider innovation community connected with the MaRS Centre. Located in the heart of Toronto's Discovery District - a 2.5 sq. kilometre downtown research district, MaRS is a non-profit environment for the birt
  • KCT founder and president Kamal Abdur-Rashid came to Canada in 1997 with a degree from the University of the West Indies
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  • With support from the Mississauga Technology Business Accelerator (MTBA) he started his business, which grew to occupy some state-of-the-art labs at MaRS and is about to take the next step forward by moving its business outside of the protecting and nurturing environment of MaRS. This is the entire purpose of MaRS, which says on its website (www.marsdd.com), "We measure our success through the companies that emerge after receiving help from MaRS." "The resources, the facilities, the training and everything else that MaRS is bringing to the table - we're able to capitalize on that and get off on a very solid footing," says Kamal. Inside the Incubato
  • Whether you're looking for work - or you want to start your own business, MaRS is one of the best places to start your search.
  • Everybody you talk to in the elevator, the hall, the cafeteria - they are all in the science field - so you can network with one another," says Ratheesh. "MaRS does not just provide research space, they are bringing business people, people with money." These are the connections that can turn your idea into a profit-making business that employs many people. This is exactly what MaRS is all about. As they say on their website, "MaRS connects the communities of science, business and capital and fosters collaboration among them." MaRS advisors are able to connect entrepreneurs with private funding opportunities as well as free educational programming and hands-on advisory services. Corporate sponsor CIBC funds an entrepreneurship lecture series, for example. Ratheesh adds, "Patent people are here as well, so if you have patentable technology, you can talk to them." Once you start your business, MaRS offers many supports. "When we had the lab space we had the chemical hood that had to be set up so MaRS came and provided people to set up our hood," explains Ratheesh. "They help us dispose of chemical waste, provide water service, fridge and freezer service - so these are all important. "For smaller companies that have problem buying fridges and freezers, they can use common equipment." MaRS facilities also include lecture theatres, meeting rooms and an auditorium. Growing Cultures Bacteria and tissue cultures aren't the only cultures that thrive in the MaRS environment. It's also a great place for newcomers from every culture to
  • Clera, one of many emerging companies housed in the MaRS incubator.
  • He says, "MaRS is a one-stop shop for job and information seekers. Here we have many companies - so quite a few job opportunities
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    A look at Canadian immigrants who started a business and are incubating at the MaRS Centre. KCT and Clera, MaRS Tenants tell their stories. Jan/Feb 2009
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    A look at Canadian immigrants who started a business and are incubating at the MaRS Centre. KCT and Clera, MaRS Tenants tell their stories.
Sarah Hickman

IDC Research - Home - 0 views

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    IDC is a global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. Technology advice can be searched by industry (energy, financial, health, life sciences, manufacturing, and other), or by country/region. The Canadian site provides geographical, business, communications, consumer, web, health, manufacturing, financial and other market reports. For the full list go here. The site also requires a subscription (free) to access most full-text documents - some reports may still require payment.
Assunta Krehl

MaRS gives entrepreneurs JOLT to aid startup - Financial Post - April 24, 2012 - 1 views

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    Technology innovators will have an opportunity to jump start their ideas with a new accelerator program from MaRS Discovery District. Called JOLT, the program is focused on building high-growth Web and mobile companies in the information, communications and entertainment sectors.
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    Technology innovators will have an opportunity to jump start their ideas with a new accelerator program from MaRS Discovery District. Called JOLT, the program is focused on building high-growth Web and mobile companies in the information, communications and entertainment sectors.
Assunta Krehl

Net Change Week (Social Entrepreneurship - Change.org) - 0 views

  • Net Change is a week-long event, June 8-12, 2009, designed to explore how social technology can bolster social change. Presented by the Social Innovation Generation team at MaRS (SiG@MaRS), Net Change Week will tap into the potential that exists when new methods of communicating, organizing and mobilizing are brought to bear on chronic social issues.
  • Eli Malinski sounds off on Net Change: "Social technology is revolutionizing social change.
  • Net Change is the banner under which all sorts of partners are hosting events, discussions and workshops that align with the core mission of exploring the intersection of social change and new media.
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  • * Social Tech Training, or My Charity Connects * Innovation Parkour * Social Mastermind // Social Media for Social Change * The Skills Exchange * Defining and Measuring Social Success And in the evenings, Net Change brings unique community collaborations like: * Mobile Monday takes a social change perspective * Toronto's Internet Town Hall at the Gladstone Hotel * Cocktails and Inspiration: a discussion on profound innovation and social change with Eric Young in conversation with Bill White. * Wired Wednesday gets a dose of Web of Change * Refresh Events encourages collaborative partnerships
  • Net Change's ticketed and free events are taking place at the MaRS Centre. For more information on events and how to be involved, check out http://www.netchangeweek.ca.
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    Lisa Torjman's blog on Net Change Week happening June 8-12, 2009 which is designed to explore how social technology can bolster social change.
Assunta Krehl

CIX Announces Partnership with the Government of Canada to Help Digital and ICT Start U... - 0 views

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    As stated in Aurp Canada's blog "The Canadian Innovation Exchange (CIX) has partnered with the Government of Canada, through its Canadian Trade Commissioner Service office in San Francisco-Silicon Valley, to announce a prestigious development opportunity for Canadian companies working in Information and Communication Technology and Digital Media." The CIX Top 20 will take place on December 1st, 2011 at the MaRS Centre.
Assunta Krehl

MaRS' Net Change Week: Social experiment and huge success - 0 views

  • Between June 8-12, 2009, MaRS held our first ever Net Change, a week dedicated to exploring this intersection between social technology and social change.
  • Fourteen different Net Change events, including an art show, experimented with ways of creating and sharing information and knowledge on this question. Bridging the “digital divide” between web professionals and people creating social change, participants were from all different sectors and leadership levels. T
  • Net Change also addressed critical concepts such as how to measure the impact of social technology, and what we really mean by social change, while including storytelling to hit theoretical concepts home.
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  • Web 2.0 training sessions for organizations, non-profits and social purpose ventures Conversations with keynotes and panel discussions hosted by community partners like Mobile Monday @MaRS, Toronto Net Tuesday and Wired Wednesday Immersion sessions that “prepare your mind” for innovative thought
  • Net Change story
  • Net Change video message from Don Tapscott:
  • “The Skills Exchange”:
  • profound innovation and social change
  • Bill White, a member of MaRS’ Board of Directors at our evening “Fireside Chat”
  • Net Change Art Show:
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    Net Change, a week dedicated to exploring this intersection between social technology and social change. Lisa Torjman's interview with CP24's "Homepage."
Assunta Krehl

reportonbusiness.com: THE COMPANY: INFONAUT INC.: Charting the right course through an ... - 0 views

  • Toronto, where a small firm is using 21st-century software to create maps with similar goals - the containment of disease - by showing infection patterns that can be understood at a glance.
  • Toronto, where a small firm is using 21st-century software to create maps with similar goals - the containment of disease - by showing infection patterns that can be understood at a glance.
  • INFONAUT INC
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  • Infonaut Inc. chief executive officer Niall Wallace and his partner, chief operating officer Matt McPherson, both former IT consultants for the Ontario government, created the company after helping to craft some of the recommendations that resulted from the SARS outbreak of 2003. They understood the value of visually represented, real-time infection data, and left government to set up Infonaut to develop that technology.
  • Infonaut has created three software products that turn infection information into maps. All are being tested in pilot projects and will soon be marketed commercially.
  • One, called Infection Watch Live, is now taking data gathered at 14 hospital emergency rooms in eastern Ontario and using it to create publicly accessible maps that show exactly where in the region cases of influenza and gastrointestinal diseases are active.
  • This complex mapping can help monitor and stop the spread of C. difficile and other superbugs.
  • The third product, called Regional Watch Live, generates maps and reports for regional health professionals by merging lab test results with a range of other information.
  • There's nothing wrong with Infonaut using the H1N1 flu outbreak to gain exposure, as long as the company is careful in the tone it takes, said John Lute, president of Toronto communications firm Lute and Co.
  • On the other hand, it will clearly create an opportunity if Infonaut can increase its profile, "which helps it to get its story out, which helps it to get investors, which helps it to grow.
  • Infonaut should ensure that its message is understated and that the company is not an "ambulance chaser," Mr. Lute said
  • But the company does need to give straightforward information about how its products might help mitigate an outbreak in the future, and not exaggerate its promises, she said. In particular, it needs to be upfront about the state of its pilot tests and include details of when full versions of its products will be available. It also must explain how much funding they will need to get there, Ms. Wilcox said.
  • With Infonaut, there seems to be no question that there is a public gain, he said. "If it is just an opportunistic attempt to cash in on the misfortune of others, that tends to play badly. Where a company has something that can be tied to the public interest, such as in this case ... it is very low-risk."
  • He suggests that Infonaut make good use of its pilot test partners, such as the counties in eastern Ontario that are testing the Infection Watch Live system.
  • the company should forestall any concerns over privacy issues by spelling out how it ensures data on individuals are kept confidential.
  • There's nothing wrong with using the current concerns over H1N1 flu to gain exposure, as long as Infonaut is careful about taking a calm and respectful tone to its marketing and publicity.
  • Make sure to present straightforward information about how the company's products might help mitigate an outbreak in the future, but do not exaggerate promises. Be upfront about the state of pilot tests, the timelines to get the software to market, and how much funding will be needed to go to full commercialization. Use respected third-party partners to endorse the products, a move that will give the company more credibility. If there are privacy concerns, spell them out and detail how they are being addressed.
  • The problem Build a market for a unique infection mapping system without appearing to exploit the flu outbreak The plan: Use a subtle approach and be upfront with the state of development of the software products The payoff: Higher awareness among potential customers and an expanded market
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    Using 21st-century Infonaut is using software to create maps - the containment of disease - by showing infection patterns that can be understood at a glance.
Assunta Krehl

Ontario research organizations join forces - ITBusiness.ca - 0 views

  • Three technology research centres in Ontario Monday said they have agreed to work together to help the province compete more effectively against countries like India and China.
  • Communitech is working with the Ottawa Centre for Research and Innovation, an economic development corporation located in the nation's capital, and the MaRS Discovery District, a Toronto-based not-for-profit geared towards the commercialization of scientific and technological intellectual property.
  • The three organizations have agreed their partnership will function under the name the MaRS Network. MaRS is by far the youngest of the three organizations – Communitech is almost a decade old and OCRI is about 25 – but has become a business force since it opened last year.
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  • MaRS originally stood for Medical and Research Sciences, but has since shied away from that label, said Ross Wallace, director of corporate strategy. The organization doesn't want to be pigeonholed as being just a life sciences or biotechnology outfit -- it lends equal weight to information communications and advanced manufacturing. MaRS may be Toronto-based, but its mandate is province-wide, said Wallace. By joining forces with organizations in other parts of Ontario, MaRS is more likely to fulfill that mandate, he said.
  • The three organizations aim to share best practices and contacts, and lean on the strengths of their respective regions. All three may have good venture capital resources, for example, but specialties that may be peculiar to a certain area.
  • Dale added that the MaRs Network is open to working with other Canadian technology organizations, including those with a national or a regional focus.
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    Communitech, the Ottawa Centre for Research and Innovation, and the MaRS Discovery District have ageed to work together to help the province compete more effectively against countries like India and China. These three companies partnership will function under the name MaRS Network. May 29, 2005
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    Communitech, the Ottawa Centre for Research and Innovation, and the MaRS Discovery District have ageed to work together to help the province compete more effectively against countries like India and China. These three companies partnership will function under the name MaRS Network.
Cathy Bogaart

Hey Foursquare: With Locationary Is Your 'Rosetta Stone' Necessary? - Business Insider,... - 0 views

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    MaRS client Locationary is profiled as a company who's already doing what FourSquare is thinking to do. Locationary is part of our information technology, communications and entertainment practice. They offer community-sourced location-based data for free.
Assunta Krehl

MaRS opens a new home for Toronto startups - Techvibes.com - October 28, 2011 - 0 views

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    "The Information technology, Communications and Entertainment (ICE) practice at MaRS announces a new home for the most promising emerging companies, the MaRS Commons. The MaRS Commons provides both a physical space and a community that supports entrepreneurs in growing successful global businesses."
Assunta Krehl

BlogWorld Sponsor Vanilla Forums Named Among Canada's Most Innovative Companies for 201... - 0 views

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    The CIX Top 20 showcases Canada's hottest innovative companies working in Digital Media and Information and Communication Technology. An expert panel of innovation leaders will select 20 technology companies from across Canada to be featured in a live showcase at CIX 2011, taking place December 1st at MaRS Discovery District in Toronto.
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