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Assunta Krehl

Changing concepts of governance - Scitech - The McGill Daily - 0 views

  • On Saturday, January 24, 140 participants attended an un-conference – a term applied to participatory-style conferences that seek to reject conventional notions of a conference, such as participation fees – held at the MaRS Centre in Toronto. The event was part of Change Camp, an initiative designed to explore the question of governance in the age of participation.
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    Change Camp held at MaRS and explores how we re-imagine government and governance in the age of participation.
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    Change Camp held at MaRS and explores how we re-imagine government and governance in the age of participation. Feb 19, 2009
Assunta Krehl

Canada News: Federal government pulls plug on ecoENERGY Retrofit program - The Star - J... - 0 views

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    Tom Rand, senior clean tech adviser at Mars Discovery District, said by cancelling the retrofit program the government has silenced a much-needed national discussion on eco-efficient building.
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    Josh Tapper, The Star reporter states "the Conservative government has cancelled its $400-million ecoENERGY Retrofit program ." Tom Rand, senior clean tech adviser at Mars Discovery District, said "by cancelling the retrofit program the government has silenced a much-needed national discussion on eco-efficient building."
Assunta Krehl

Should government invest in private companies? - The Globe and Mail - November 11, 2011 - 0 views

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    Ivor Tossell, Globe and Mail reporter discusses debate regarding governments investment in private companies. MaRS Discovery helps entrepreneurs prosper and foster and promote Canadian innovation.
Assunta Krehl

A Living Legacy - The Scientist - June 3, 2010 - 0 views

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    The Stem Cell Network, a national organization founded by the Canadian government in 2001 that today is more than 100 investigators strong and has received over $60 million in government funding. The Stem Cell Network is helping to create a vibrant and interactive community.
Assunta Krehl

McGuinty government supporting start-up technology companies with MaRS: Connecting inve... - 0 views

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    The McGuinty government announced it is funding the creation and expansion of angel investor network to help Ontario's leading-edge start-up companies to grow and succeed.
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    The McGuinty government announced it is funding the creation and expansion of angel investor network to help Ontario's leading-edge start-up companies to grow and succeed. Oct 4, 2006
Assunta Krehl

MaRS makes its first foray into the cleantech spotlight - Cleantech Group - 0 views

  • Five cleantech companies receive support at the Cleantech Forum in Boston from Canadian incubation and innovation center MaRS.
  • Alternative Fuels was just one of a lineup of early-stage startups being supported by MaRS, a nonprofit innovation center in Toronto’s downtown Discovery District that connects entrepreneurs with business skills, networks and capital to stimulate innovation and grow Canadian companies.
  • This week’s forum marked the organization’s first foray into the cleantech sector, said MaRS Venture Group Associate Kevin Downing. Downing said he wanted to connect cleantech-related companies in the MaRS portfolio that were “investment ready” with the forum’s audience. “I don’t have a motive to push any one client over any other because they’re not paying me,” Downing said. Of the 1,300 MaRS portfolio companies, he said the cleantech sector has been its fastest growing segment and an expanding sector in country as well (see Canadian cleantech looks to the future and IPO drought? Cleantech companies flood Canadian markets). Since 2006, cleantech and environmental technology companies have made up 9 percent of MaRS' portfolio. MaRS currently has 350 active clients. The center isn’t government funded, but does receive some government support, he said. It has been funded through donations from the public and private sector. MaRS has the ability to provide some funding, around $40,000, to startups on a competitive basis. Other companies showcased at the forum through MaRS included NIMtech, Real Tech, Vicicog and Skymeter.
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  • This week’s forum marked the organization’s first foray into the cleantech sector, said MaRS Venture Group Associate Kevin Downing. Downing said he wanted to connect cleantech-related companies in the MaRS portfolio that were “investment ready” with the forum’s audience. “I don’t have a motive to push any one client over any other because they’re not paying me,” Downing said. Of the 1,300 MaRS portfolio companies, he said the cleantech sector has been its fastest growing segment and an expanding sector in country as well (see Canadian cleantech looks to the future and IPO drought? Cleantech companies flood Canadian markets). Since 2006, cleantech and environmental technology companies have made up 9 percent of MaRS' portfolio. MaRS currently has 350 active clients. The center isn’t government funded, but does receive some government support, he said. It has been funded through donations from the public and private sector, as well as revenue from its mixed-use facility. MaRS has the ability to provide some funding, around $40,000, to startups on a competitive basis. Other companies showcased at the forum through MaRS included NIMtech, Real Tech, Vicicog and Skymeter.
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    Five cleantech companies received support at the Cleantech Forum in Boston from Canadian incubation and innovation center MaRS. Some of the companies showcased at the forum through MaRS included NIMtech, Real Tech, Vicicog and Skymeter. Sept 10, 2009
Assunta Krehl

7 Opportunities in the Current Recession - Canadian Entrepreneur - 0 views

  • I attended the Wisdom Exchange today at the Mars Discovery District in Toronto, an annual gathering of leading growth firms sponsored by the Ontario government. Ontario’s ministry of small business recognizes that a tiny minority of SMEs, the export-oriented gazelles, account for a disproportionate share of job creation, and it does a great job of encouraging, motivating and supporting the CEOs of such companies through educational opportunities such as the Wisdom Exchange.
  • Jayson Myers, the respected economist who now heads up Canada's largest industry association, Canadian Manufacturers & Exporters.
  • Myers offered a fair bit of bad news to the group – he warned that the recession “will be deeper and last longer than consensus forecasts,” and that total Canadian merchandise exports have actually been falling for six years.
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  • But here is the good news. Myers also cited a whole listfull of business opportunities created by the current downturn. Not every company is in a position to seize these opportunities, but those who can should definitely be looking at this list as a recipe for action.Opportunities in the Current Recession:· For companies with cash and investment strength· Replace competitors (who falter or struggle in this economy)· Acquisitions· Respond to new and emerging customer demand· New product and market development· Infrastructure and Innovation (including the smart grid, green energy, health care, logistics and security, and energy – all areas where Canadian companies have some advantages)· Product specialization, services, new processes, new skills
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    Wisdom Exchange Event was held at the MaRS Centre Feb 19, 2009. This event gathers leading growh firms and it is sponsored by the Ontario Government. Jason Myers, head of Canadian Manufacteurers & Exporters mentions the Canadian economy will get worse and last longer but there will be a list of business opportunities.
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    Wisdom Exchange Event was held at the MaRS Centre Feb 19, 2009. This event gathers leading growh firms and it is sponsored by the Ontario Government. Jason Myers, head of Canadian Manufacteurers & Exporters mentions the Canadian economy will get worse and last longer but there will be a list of business opportunities. Feb 19, 2009
Miri Katz

WAMC: Non-profits share concerns on bond-funded social programs (2011-06-27) - 0 views

  • Non-profits share concerns on bond-funded social program
  • Under the funding model, also known as "pay for success," organizations would receive the money of private investors or investment groups who purchase bonds from the government that are linked to specific program benchmarks.
  • Joe Kriesberg, executive director of the Massachusetts Association of Community Development Corporations, said the bonds could be an appropriate way for governments to fund prevention programs, but that there will be several challenges going forward in any type of SIB funding structure.
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  • "I'd be really concerned about corporate ideals taking precedence over a non-profit's mission, and I would be equally concerned about the stigma of government money sometimes really limiting what you can do. How can you promote the real, true essence of a non-profit's mission with the restrictions that a corporation or a government might put on that?"
  • Bryan Ayers, CEO of Great Barrington-based Community Health Programs, said the bonds would offer a new way to fund long-term community-based prevention and health programs, but that to be truly effective investment groups must be willing to wait for results.
Miri Katz

How The Private Sector Can Drive Social Innovation - CIO Central - CIO Network - Forbes - 0 views

  • How The Private Sector Can Drive Social Innovation
  • Out of the 100 largest economies in the world, about half are multinational corporations. Given their impact on global communities, it is becoming increasingly essential that these large corporations execute responsibility to society, rather than rely on governments and non-profits to address difficult social issues alone.
  • oday, the world’s largest companies are in a unique position to play a much greater role in driving social change than ever before.
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  • Aside from pure monetary donations, however, is a new model that is transforming corporate philanthropy.
  • Increasingly, corporations are turning to a shared value model, in which companies work in alignment with society rather than against it, producing mutual benefits to both the community and the corporation
  • It evolves the traditional model of financial and material goods donations, to one in which corporations leverage a range of corporate assets including employee skills, business acumen and partner networks, to drive social change.
  • Here’s the shift: Instead of viewing it as our responsibility to drive business and social value, view it also a valuable opportunity to rethink existing practices.
  • The business case for social innovation
  • there are a variety of benefits for an organization, from brand building, to staff retention, and even improved client stickiness. Shareholders and the investment community are also increasingly considering corporate responsibility when making investment decisions.
  • collaborations can drive innovation through necessity. Non-profits work in extreme environments, faced with limited infrastructure, connectivity and staff. Operating in these situations exposes corporate staff to new sets of customer challenges, which can often deliver innovations in product design or services into the business.
  • by working with a non-profit organization, a corporation can demonstrate its expertise to a new audience, expanding its business network.
  • Increasingly, investors weigh environmental, social and governance  data when making investment decisions. While such data has been a benchmark for European-based companies for some time, we are now seeing a more global adoption and interest in this, which should be another forcing function for more corporations to act as good corporate citizens.
  • Applying social innovation in practic
  • A good starting point is to assess the company’s available skills, expertise, partnerships against the touch-points the company currently has within a given community. From there, establish specific goals to achieve and a strategic plan to meet those goals.
  • Companies that have an expertise in technology, for example, can collaborate with non-profits or social entrepreneurs to provide the infrastructure backbone that turn their ideas into reality. With the social enterprise mPedigree Network, HP leveraged its technology expertise in cloud-based services to design and build an anti-drug counterfeiting service in Africa. Counterfeit medicine is a significant problem in developing countries, causing more than 700,000 deaths each year. The new service helps save lives by enabling patients to validate the integrity of their medicine by sending a free text message.
  • Gabi Zedlmayer is Vice President of Hewlett-Packard’s Office of Global Social Innovation.
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    Out of the 100 largest economies in the world, about half are multinational corporations. Given their impact on global communities, it is increasingly essential that these large corporations execute responsibility to society, rather than rely on governments and non-profits to address difficult social issues alone
Cathy Bogaart

Why We Need More Funding for Big Science - 0 views

  • Why We Need More Funding for Big Science
  • fundamental research and technological development
  • Often wildly speculative, expensive, and with no explicit commercial purpose, this research nonetheless has a powerful spillover effect in the long term.
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  • "You cannot have innovation without a fount of new knowledge -- and that is what research is about,"
  • We're riding on innovations that happened 20, 30, 40 years ago. One has to keep having ideas."
  • has laid the foundation for much of America's economic growth over the past half a century.
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    R&D has laid the foundation for economic growth, giving us fuel cells, computer databases, the Internet, satellite navigation -- unexpected spillovers of R&D funding. To stay competitive in the innovative industries, government funding, it is argued, is required to continue.
Assunta Krehl

Look to MaRS for Medical Marvels - The Star - 0 views

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    MaRS Discovery District project received $20M from the Canadian federal government. Ontario has also contributed $20M. MaRS Discovery District will provide facilities for start-up companies to develop and market discoveries.
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    MaRS Discovery District project received $20M from the Canadian federal government. Ontario has also contributed $20M. MaRS Discovery District will provide facilities for start-up companies to develop and market discoveries. Feb 20, 2003
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

Ottawa must get moving on the MaRS project - The Star - 0 views

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    The Ontario government provided support of $20M to the MaRS project. It is hoped that the Canadian federal government's commitment will be announced during BIO2002.
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    The Ontario government provided support of $20M to the MaRS project. It is hoped that the Canadian federal government's commitment will be announced during BIO2002. Nov 23, 2002
Assunta Krehl

Market Insight - Ontario's unknown opportunities - Scrip News - 0 views

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    Rebecca Debens, Scrip Reporter, visits Ontario to find out more about Ontario's growing life science industry and the Canadian government schemes encouraging and supporting businesses. The article features MaRS and describes how MaRS has become the "hub of Canada's life sciences cluster."
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    Rebecca Debens, Scrip Reporter, visits Ontario to find out more about Ontario's growing life science industry and the Canadian government schemes in encouraging and supporting businesses. The article features MaRS and describes how MaRS has become the "hub of Canada's life sciences cluster." Jun 3, 2009
Sarah Hickman

Innovation Nation: How America Is Losing Its Innovation Edge, Why It Matters, and What ... - 0 views

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    Once a Harvard School of Business professor, an entrepreneur, a pianist, and currently a consultant, Kao describes the state of innovation in the US, depicting best practices and explaining how innovation works. Kao also puts forth a strategy proposal - to help the government.
Assunta Krehl

Smaller town, bigger edge - The Globe and Mail - 0 views

  • MaRS, a non-profit, collaborative entity of the university, provincial and federal governments and industry, which aims to turn these discoveries into commercial projects.
  • MaRS, a non-profit, collaborative entity of the university, provincial and federal governments and industry, which aims to turn these discoveries into commercial projects.
  • MaRS, a non-profit, collaborative entity of the university, provincial and federal governments and industry, which aims to turn these discoveries into commercial projects.
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  • Sure, some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
  • Sure, some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
  • Sure, some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
  • Sure, some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
  • Sure, some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
  • Sure, some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
  • Sure, some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
  • The closest thing to a would-be Waterloo in Toronto is the medical "discovery district" around College Street and University Avenue, near the University of Toronto and several teaching hospitals. In the midst of it is
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    MaRS aims to turn discoveries into commercial projects. Some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
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    Waterloo is getting better public traction with 500 tech companies, led by global juggernaut Research In Motion and its high-minded institutional spinoffs. MaRS aims to turn discoveries into commercial projects. Some of the world's best biomedical minds work in Toronto's MaRS Centre and hospitals.
Cathy Bogaart

Government of Canada Announces $450 Million in New Funding for BDC to Assist Canadian B... - 0 views

  • The funding will include $100 million to establish the Operating Line of Credit Guarantee and $350 million over three years to help drive venture capital investment in promising Canadian technology businesses.
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    New government funding announced today includes $100 million to establish the Operating Line of Credit Guarantee and $350 million over three years to help drive venture capital investment in promising Canadian technology businesses.
Assunta Krehl

Ontario Welcomes Cleantech Report - Canada Newswire - 0 views

  • Mentorship and Entrepreneurship Program (http://www.marsdd.com/mars/About-MaRS/Partners/mrp.html),
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    McGuinty Government on track to turn Cleantech into jobs of the future. Mention of MaRS Mentorship and Entrepreneurship Program as one of the programs that participated in the Cleantech Growth & Go-to-Market Report.
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    McGuinty Government on track to turn Cleantech into jobs of the future. Mention of MaRS Mentorship and Entrepreneurship Program as one of the programs that participated in the Cleantech Growth & Go-to-Market Report. Feb 17, 2009
George Botos

Chinese healthcare spending up 50% - FiercePharma - 0 views

  • In 2009, the Chinese central government spent $18.75 billion on healthcare up 50 percent year over year. For 2010, spending is forecast at $20.36 billion, which would be an 8.8 percent increase year over year
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    In 2009, the Chinese central government spent $18.75 billion on healthcare up 50 percent year over year. For 2010, spending is forecast at $20.36 billion, which would be an 8.8 percent increase year over year
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