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Assunta Krehl

Test-tube industry - Canadian Business - 0 views

  • For Dr. John Evans, growing a strong biotechnology industry is much the same: cities must provide a nurturing environment where science and business can thrive together.
  • That's why Evans, former president of the University of Toronto and current chairman of Torstar Corp., is spearheading the $345-million Medical and Related Science initiative, or MaRS--a petri dish of sorts for commercializing science research. "A lot of intellectual property is being commercialized outside Canada," says Evans. "I think we've been slow in realizing just how important technology developments are to the economic future of the country. MaRS is an attempt to give this a kick into a higher gear." The centrepiece of the MaRS plan, which will officially launch May 12, is a 1.3-million-square-foot, five-building complex in downtown Toronto that will provide office and lab space for small and medium-size companies and incubators, including the not-for-profit Toronto Biotechnology Commercialization Centre. While Evans is reluctant to limit its scope, MaRS will generally focus on health-related technologies, from new drugs and genetic treatments to medical devices and imaging software. Branded a "convergence centre," it will also house a careful mix of support services: intellectual property lawyers, accountants, marketing experts, government funding organizations and venture capital financiers. Plus, start-ups will have access to all the latest equipment on site. For instance, MaRS is in talks with MDS Sciex to supply mass spectrometers, used in proteomics research.
  • But MaRS will be more than just a New Economy real estate development. Evans's intention is to funnel tenants' rent money into services--such as entrepreneurship seminars and angel-matching programs--that MaRS will offer to the broader biotech community. That's why MaRS's location is key: the centre will be built in the heart of what Toronto has dubbed the "Discovery District," a two-square-kilometre chunk of the downtown core, encompassing U of T and four major hospitals. From there, MaRS hopes to act as a network hub across Ontario, with links to research-intensive universities. "None of them," says Evans, "have the critical mass to put it all together on their own."
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  • MaRS's primary goal is to get Toronto and the rest of Ontario on the global biotech map. Evans came up with the concept in the late 1990s with Dr. Calvin Stiller, CEO of the labor-sponsored Canadian Medical Discoveries Fund, and Kenneth Knox, a former deputy minister for the Ontario government who's now CEO of MaRS
  • As far as schemes to support fledgling industries go, MaRS is refreshing. To start, it's a nonprofit corporation, not a government program, which will hopefully ensure that it runs more efficiently. The feds and the province of Ontario have each doled out $20 million for MaRS, and Toronto has donated in-kind $4.5 million. More than $12 million has come from a small pool of corporations, including Eli Lilly Canada and MDS, as well as individual donors like Joseph Rotman and Lawrence Bloomberg (who both sit on the MaRS board). U of T pitched in $5 million, and MaRS also did some innovative bond financing to round off the $165 million needed to build Phase I. "It was very important for us to not belong to anybody," says Evans.
  • Now MaRS's challenge is to get the word out. Its posted rate of $26 per square foot is very competitive for prime downtown real estate and is sure to attract attention, especially considering its customized lab space. But MaRS's success won't be measured by a low vacancy rate; getting the right mix of scientists, entrepreneurs and professionals is critical if it plans to commercialize some sustainable businesses. It won't happen overnight--in fact, it may be 10 years before anyone can gauge MaRS's impact. Seems growing a biotech industry isn't quite as easy as growing E. coli in a petri dish.
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    John Evans spearheads the MaRS project which will help to accelerate commercialization for scientific research. The official launch of the MaRS plan will happen on May 12, 2003.
Assunta Krehl

Market Morning : July 3, 2009 : Market Lookahead [07-03-09 9:15 AM] - 0 views

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    Interview with Dr. Rafael Hofstein about how MaRS Innovation will help to accelerate the pace in turning ideas into meaningful products which in turns help the healthcare system. Dr. Hofstein also talked about the 2 medical products that were brought to market: i) Umbilical Cord Stem Cell Technology ii) Diabetic Wound Healing Technology."
Assunta Krehl

» Incubators, accelerators, and ignition - StartupNorth - 0 views

  • MaRS Entrepreneurship 101 – an approximately 32 week program that runs October to May. Best part all of the previous training videos available on Vimeo.
  • Simple solutions - include actually using the BDC like it was designed. Simplifying and making program funding more accessible (why should a startup have to hire Tier 1 consultants to apply for SRED) and fund the innovation centres that are already here (eg. MaRS), find foreign cash and make strategic investments in universities to create centres of excellence.
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    The blog talks about the need and benefit for entrepreneurs and the community. MaRS Entrepreneurship 101 course is mentioned. April 13, 2009
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    The blog talks about the need and benefit for entrepreneurs and the community. MaRS Entrepreneurship 101 course is mentioned.
Sarah Hickman

2020 Science - 0 views

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    Towards 2020 Science, sets out the challenges and opportunities arising from the increasing synthesis of computing and the sciences. It seeks to identify the requirements necessary to accelerate scientific advances -particularly those driven by computational sciences and the 'new kinds' of science the synthesis of computing and the sciences is creating. Already this synthesis has led to new fields and advances spanning genomics and proteomics, earth sciences and climatology, nanomaterials, chemistry and physics. Towards 2020 Science acts as a 'pathfinder' to new research directions in science and computing. It contributes to, and informs, national and international scientific debate and science policy. It is also meant as just a start, a catalyst for more discussion; something that readers will find useful, inspiring and provocative.
Sarah Hickman

Home - Ernst & Young - Canada - 0 views

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    In the last 18 months, venture capital has experienced acceleration in previously established investment hotbeds meanwhile new hotspots such as China and India emerged. The 2007 report focuses on clean technology and renewable energy, FAS 157, and due diligence and auditor independence.
Sarah Hickman

O C E T A - Partnering for a Sustainable Future - 0 views

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    OCETA accelerates the commercialization and market adoption of clean technologies and environmentally sustainable solutions. OCETA provides technical and business services to support technology entrepreneurs and start-up companies with commercializing and bringing their innovations to market. These services include: * Business mentoring and coaching: Strengthening management capability, strategic planning, route to market, IP strategy and protection. * Business networks: Connecting entrepreneurs to networks of established peers, mentors and experts. * Technology: Providing 3rd party assessment, demonstration, verification, scale-up and deployment. * Financing: Finding access to capital and improving investment readiness. * Marketing: Assisting in market niche identification and segmentation and export assistance.
Assunta Krehl

Bay St. snubs green revolution - The Star - January 26, 2010 - 1 views

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    The Green Energy Act Finance Forum is taking place at the MaRS Centre on January 29, 2010. Tom Rand, MaRS Cleantech Advisor, states, "The one-day event, held at the MaRS Centre, was put together to "unlock" local capital and help accelerate the flow of investment into Ontario's booming renewable power sector."
Cathy Bogaart

Monitor Institute - Investing for Social and environmental impact - 0 views

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    This report examines impact investing and how leaders could accelerate the industry's evolution and increase its ultimate impact in the world. It explores how impact investing has emerged and how it might evolve, including profiles of a wide range of impact investors. The report also provides a blueprint of initiatives to catalyze the industry.
Assunta Krehl

Investment by GrowthWorks Accelerates Momentum of gShift Labs - World Book and News - S... - 0 views

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    GrowthWorks Capital Ltd announced on Sept 15th, 2011 that they will be the lead investor for gShift Labs. gShift Labs is a MaRS Client.
Cathy Bogaart

Rock Health - 0 views

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    Are you working to solve a health-related issue? Apply to join Rock Health, a group of dedicated individuals working to catalyze innovation in the interactive health space, and become one of the first start-ups to access the community of experts and seed-accelerator program.
Assunta Krehl

Sustainable Toronto - Future 360 - October 17, 2011 - 0 views

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    Sarah Backhouse, host of Future 360, states Toronto is the centre of cleantech. Backhouse interviews Jon Dogterom and Tom Rand, MaRS Senior Cleantech Advisors. MaRS Discovery District assist entrepreneurs in accelerating the commercialization and the creation of new jobs in the cleantech field.
Assunta Krehl

Startups: Investors give education technology firms the nod - Financial Post - Septembe... - 0 views

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    Education is one field that is seeing a meteoric growth in the past two years.Trevor Koverko, co-founder of Toronto-based eProf was part of the first co-hort of entrepreneurs in the JOLT program at MaRS Discovery District who are traveling to Silicon Valley in October to meet investors to tell their story.
Assunta Krehl

Venngage: Infographic firm needed to find wider application - Financial Post - Septembe... - 0 views

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    "MaRS Discovery District is dedicated to building high-growth web and mobile startups that promise to transform the way consumers and businesses interact with technology. This week, Venngage learns how to scale a successful consumer app for a business audience."
Melissa Hughes

6 startups launch as part of JOLT Demo Fest - IT Business - June 4, 2013 - 0 views

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    From wearable technology products to reimagining advertising flyers, tech-driven entrepreneurs gave their best pitch last night  at the Jolt Demo Fest in Toronto as the accelerator showcased its most recent cohort of early stage startups.
Karen Schulman Dupuis

MaRS Pulls the Covers off JOLT - Mark Evans TechMark Evans Tech - 0 views

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    Housed in the MaRS Commons, JOLT will select up to 15 startups a year, and provide them with office space, seed financing and mentorship, as well as access to partners and angel and venture capital investors
Assunta Krehl

JOLT's first six startups have heavy social component - IT Business.ca - August 16, 2012 - 0 views

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    The following six start-ups will comprise JOLT's first summer cohort: Prof (interactive social education platform), Vennpage (infographics), ShelfLife (social commerce for fans of collectibles), SlingRide (social network for booking rideshare trips), Greengage Mobile (social platform encouraging eco-sustainable practices in the workplace) and tout.it  (social media platform for sports fans).
Assunta Krehl

Setting up a Web-based company is easier than ever - The Globe and Mail - August 1, 2012 - 0 views

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    Sunjit Khamba, Co-founder of I AM Mpowered, talks about his story of starting-up a web-based company . JOLT was created by MaRS and is a new technology accelerator dedicated to building high-growth web and mobile companies that promise to transform the way consumers and enterprises connect, work and play.
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