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Assunta Krehl

Hub's Death Signals Larger Shift - Ottawa Business Journal - 0 views

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    Ottawa Innovation Hub will not go through. Reference is made that about MaRS Discovery District which connects entrepreneurs with business-savvy types.
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    Ottawa Innovation Hub will not go through. Reference is made that about MaRS Discovery District which connects entrepreneurs with business-savvy types. Sept 23, 2009
Sarah Hickman

Open Innovation: Amazon.ca: Henry W Chesbrough: Books - 0 views

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    In today's information-rich environment, companies can no longer afford to rely entirely on their own ideas to advance their business, nor can they restrict their innovations to a single path to market. As a result, says Harvard Business School professor Henry W. Chesbrough, the traditional model for innovation--which has been largely internally focused, closed off from outside ideas and technologies--is becoming obsolete. Emerging in its place is a new paradigm, open innovation, which strategically leverages internal and external sources of ideas and takes them to market through multiple paths. Arguing that companies in all industries must transform the way they commercialize knowledge, Chesbrough convincingly shows how open innovation can unlock the latent economic value in a company''s ideas and technologies.
Assunta Krehl

Small business expert Ron Close on dealing with rejection, Wednesday - Business Exchang... - 0 views

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    Ron Close discusses Police Prep's success and what other entrepreneurs can learn from it.
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    Ron Close discusses Police Prep's success and what other entrepreneurs can learn from it. April 10, 2009
Assunta Krehl

News - Uof G students showcase work at food innovation forum - GuelphMercury.com - 0 views

  • The University of Guelph's leadership in the development of food products that enhance health was showcased at the Agri-Food Innovation Forum in downtown Toronto yesterday.The forum's focus is on agriculture, food and human health, and is examining ways to generate business enterprises in the nutraceutical and functional food field.
  • John Kelly, executive director of the MaRS Landing and chair of the Agri-Food Innovation Forum, said there is a growing global market for nutraceutical products and good product ideas are coming from young minds.
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    Agri-Food Innovation Forum focused on agriculture, food and human health and is examining ways to generate business enterprises in the nutraceutical and functional food field. MaRS Landing is quoted indicating that there is a global market for nutraceutical products and good product ideas.
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    Agri-Food Innovation Forum focused on agriculture, food and human health and is examining ways to generate business enterprises in the nutraceutical and functional food field. MaRS Landing is quoted indicating that there is a global market for nutraceutical products and good product ideas. Feb 12, 2009
Assunta Krehl

Made-to-measure road toll system - Canada's Most Trusted Auto Resource - Wheels.ca - 0 views

  • Skymeter Corporation – a high-tech upstart that has perfected "financial-grade" GPS telematics – is being hailed as an innovator that has captured the attention of global giants such as IBM, Cisco and Siemens.
  • Hassan admits while North America may not be ready for road and congestion tolls, governments elsewhere are beating a path to his modest office at the MaRS business incubator at College St and University Ave.
  • While Skymeter is a relative flyweight (the company is estimated to be worth $10 million), it hopes to be the technology provider to large multinationals such as IBM and Siemens in the project tenders.
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  • Skymeter is poised to usher in smart metering and – if the execution holds true to the vision – tolls that directly fund roads that are in demand.
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    Skymeter Corporation - a high-tech upstart that has perfected "financial-grade" GPS telematics - is being hailed as an innovator that has captured the attention of global giants such as IBM, Cisco and Siemens. Mention of MaRS as a business incubator. Feb 14, 2009
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    Skymeter Corporation - a high-tech upstart that has perfected "financial-grade" GPS telematics - is being hailed as an innovator that has captured the attention of global giants such as IBM, Cisco and Siemens. Mention of MaRS as a business incubator.
Sarah Hickman

Thinkertoys: A Handbook of Creative-Thinking Techniques: Amazon.ca: Michael Michalko: B... - 0 views

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    Internationally acclaimed creativity expert Michael Michalko's Thinkertoys: A Handbook of Creative Thinking Techniques have inspired business thinkers around the world to create the innovative ideas and creative strategies they need to achieve unimaginable success in today's changing business environment of complexity and uncertainty. Change the way you look at things and the things you look at change.
Assunta Krehl

reportonbusiness.com: Failure and risk - 0 views

  • Charles Plant, Managing Director of the Market Readiness Program for entrepreneurs at MaRS
  • Plant says that acceptance of failure is a cultural problem in Canada in that we tend not to reward the people who have failed. "We tend to punish people who fail whereas in Silicon Valley, they tend to reward people who have failed because they've learned lessons and can gain from that failure.
  • "I think you have to quickly acknowledge when something is a failure and have a back up plan of what you're going to do," says Plant. "Don't keep flogging a dead horse."
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  • "To make failure a learning experience, first you have to celebrate it by acknowledging in a very positive way, the person who tried something and failed. You can't hide it under a table," says Plant. "You've got to develop a system that both rewards for the attempt as well as the success. Frequently, we don't do that and that sends a bad message. The act of punishing people makes them want to stop innovating."
  • We also need to build more accountability into failure, according to Plant who says that when failures are detrimental to the economy, we can't pretend that nothing happened. "Right now, some people are being rewarded for absolutely hideous failures, such as in the banking system," says Plant, who is also a Chartered Management Accountant. "Part of the problem is accounting which does a very poor job of measuring risk. Never leave anything up to the accountants!"
  • According to Plant, there's a different risk tolerance in smaller companies versus big ones, although he doesn't see a real difference by industry. Whether a company tolerates or accepts risk depends largely on the nature of the company. "The more established companies probably don't tolerate failure as well so they don't actually incubate a culture of risk," says Plant. "Larger companies do a lot of things to make sure they don't fail. Smaller ones tend to favour risk because it's the only way they can get ahead. And if you're doing things that haven't been done before, then you're going to fail again and again."
  • "You have to allow people to fail in this economy," says Plant. "It's failure that leads to productivity gain and innovation."
  • "You need a culture that allows failure for success because without it, people become anti-failure," says Charles Plant. "Trying different things is the act of innovation. If you fail 14 times, hopefully you're going to succeed on the 15th try. Without failure, we're not going to be driving and growing the economy."
  • Innovation is the result of taking big leaps,
  • Innovation is the result of taking big leaps, but failure is often the downside of taking those leaps.
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    without failure, you can't drive productivity. without failure, there is no innovation. So we need to fail to improve the economy!
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    The Globe and Mail investigates the failure and risks with businesses and innovation with business leaders, Tony Chapman, CEO of Capital C, a Toronto communications and advertising company, Charles Plant, Managing Director of the Market Readiness Program for entrepreneurs at MaRS, and Naeem 'Nick' Noorani, founder and publisher of Canadian Immigrant magazine.
Cathy Bogaart

How Angel Investing Is Different Than Venture Capital - 0 views

  • Ted Wang who has been working on an open source legal project called the Series Seed documents.
  • We have to give a big shout out to Ted: he nailed this. It’s exactly in step with our intention of letting entrepreneurs focus on building businesses in today’s environment, without having to follow old VC rules.
  • Start ups today don’t need to build a manufacturing plant (as DEC, the very first high-tech VC investment, did in 1957) to start a business
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    Ben Horowitz writes in Business Insider's War Room about an open source legal project, Series Seed documents from Ted Wang. He says that these are the kinds of legal docs that the new kind of investor needs to invest in the new kind of company, which generally doesn't require the VC funding structures of the past.
Tim T

Los Angeles Hires a Jobs Chief - WSJ.com - 0 views

  • Los Angeles Hires a Jobs Chief
  • unemployment stuck above 12%
  • Beutner will have broad powers. About half of city government departments -- from the Port of Los Angeles to the city's sprawling Department of Water and Power utility -- will report to him
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  • In a letter Mr. Villaraigosa sent to Mr. Beutner when hiring him, the mayor said, "I recognize we need a top to bottom revitalization and refocus of our economic development team here at City Hall to make certain job creation is the overarching focus at all levels and in all offices and departments."
  • Chief Deputy Mayor Jay Carson. "We have to view every decision we make through the prism of job creation."
  • Southern California's economy has been among the hardest hit in the country. The area's housing market was one of the first to collapse. And in Los Angeles, mainstays such as the film industry have suffered as other states woo productions away with rich tax incentives
  • Last week, the city was dealt a psychological blow when Northrop Grumman Corp., the last major firm of the region's once-dominant aerospace industry, announced it was moving its headquarters to the Washington, D.C. area
  • Los Angeles has slashed services as it tries to close an $80 million budget gap
  • His annual salary is $1.
  • Some major stores that sell big-ticket items have moved to neighboring cities to avoid the high cost and difficulty of doing business there, such as delays in obtaining building permits, and a range of fees and taxes higher than most other cities in the area, business leaders said.
  • "The hardest thing is going to be to change the mindset here," Mr. Beutner said. "For the first time in a long time the city is going to be forced to change the way it does things. The most fundamental thing is to change the mindset of those who work in the city [government]. We serve business. They're our customers as opposed to the other way around."
Cathy Bogaart

Start-Up | The Small Business Idea Generator - 1 views

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    Ideas, inspirations, tips, news and other useful information to small business owners and entrepreneurs. Written by Allysa Gregory, this section is specifically for start-ups.
Assunta Krehl

University of Toronto Teams Take Two out of Three Top Spots at Business Plan Competitio... - 0 views

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    Two of MaRS Clients, Shape Collage and Weblish, were two of three that won top spots at the 12th annual IBK Capital-Ivey Business Plan Competition held on March 26 & 27.
Assunta Krehl

Minister Van Loan Concludes Successful Visit to Sweden - Article Ant - May 4, 2010 - 0 views

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    The Honourable Peter Van Loan, Minister of International Trade, met with senior Swedish government officials and key business leaders to enhance business opportunities between the two countries and promote Canada-EU comprehensive economic and trade agreement negotiations. Minister Van Loan states, "Science and technology cooperation continues to be an important part of our commercial relationship, and we look forward to intensifying our bilateral partnership in this area, including at Canadian institutions such as the MaRS Centre at the University of Toronto, and the University of Calgary."
Cathy Bogaart

Toronto's Good Foot courier service also delivers good karma - The Globe and Mail, Dec ... - 0 views

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    The Globe features Good Foot courier service, a MaRS client and social purpose business in Toronto. Their couriers hire developmentally disabled people, sure, but they're really a great business offering great service.
Cathy Bogaart

"Social Good" In Business - CBC Metro Morning, Feb 22, 2011 - 0 views

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    Social innovation practice lead, Allyson Hewitt was on Metro Morning February 22, in a discussion on "social good in business". This segment was inspired by the Civic Action forum about a week ago, in which MaRS was mentioned many times. Fitting, as the forum's focus on building a prosperous and engaged city.
Sarah Hickman

Thomson Financial - Canada's Venture Industry Experts - 0 views

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    A product of Thomson, VCReporter gives access to market intelligence. One can, for example, access profiles of venture-backed companies and analyze trends by sector, geography, and fund manager. VCReporter also provides market news feeds, statistics, free reports and presentations, and a glossary of business terms.
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    A product of Thomson, VCReporter gives access to market intelligence. One can, for example, access profiles of venture-backed companies and analyze trends by sector, geography, and fund manager. VCReporter also provides market news feeds, statistics, free reports and presentations, and a glossary of business terms.
Sarah Hickman

Rotman NeXus - 0 views

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    Rotman NeXus provides a variety of services to non-profit and social enterprise businesses. In addition to providing organizational help including budgeting, market research, and operational design, Rotman NeXus calculates the social and economic impacts of projects for a small fee. Roman NeXus is staffed by University of Toronto's second year Joseph L. Rotman School of Management top-tier MBA students.
Cathy Bogaart

Welcome to EUC2C.COM - 0 views

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    This is the kind of environment that Ontario is trying to build: The EuC2C partnership is an inter-sectoral group of organisations committed to making European businesses more innovative and competitive in the long term. The knowledge, skills and networks of the partnership complement each other, containing as it does a communications focussed SME, the world's most specialised firm in helping develop cluster-based programmes, a Europe-wide network of business innovation centres, a non profit national body for SME development, an independent SME training consultancy specialising in multimedia training and a specialist marketing communication company.
Cathy Bogaart

A Business Model For TV Everywhere - 0 views

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    Great article on business models for digital media by Adam Cahan on paidContent (a site that discusses the value/econom of content).
Assunta Krehl

Technology key for aging population, Aldrin says - Toronto Star - Health Zone - 0 views

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    Buzz Aldrin talks about his appearance at The Business of Aging Summit at MaRS Dec 1-2, and about the importance of this emerging market and societal challenge for entrepreneurs.
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    On Wednesday, Dec 2, 2009 Buzz Aldrin, Apollo 11 astronaut, will speak about the bold new future of aging to about 200 international researchers, experts on geriatrics and people who work with the elderly. It will be the final session of a two-day summit, The Business of Aging, jointly organized by Toronto's innovation incubator, the MaRS Centre, and the Ontario government. Nov 30, 2009
Assunta Krehl

Buzz Aldrin lands at MaRS - Apollo 11 astronaut headlines The Ontario Innovation Summit... - 0 views

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    Dr. Buzz Aldrin is delivering a keynote address as part of The Ontario Innovation Summit: The Business of Aging, programmed and hosted by MaRS Discovery District in conjunction with the Province of Ontario. Nov 30, 2009
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