Don Duval: Creating Virtual Density to Expedite Wealth Creation
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Don Duval: Creating Virtual Density to Expedite Wealth Creation

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This presentation focused on the Ontario Network of Excellence (ONE) and explained how Ontario and Canada more broadly, must create "virtual density" and collaborate to compete in order to win in the ...

This presentation focused on the Ontario Network of Excellence (ONE) and explained how Ontario and Canada more broadly, must create "virtual density" and collaborate to compete in order to win in the global economy. The presentation was made to a group of international media outlets from around the world at OCE Discovery 2012 in Toronto, Ontario.

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Don Duval: Creating Virtual Density to Expedite Wealth Creation Presentation Transcript

  • 1. A collaborative network of organizations across Ontariodesigned to commercialize ideasDon Duval, Vice President, MaRSMay 14th, 2012
  • 2. Competing is one thing… Winning is another!
  • 3. How do we Compete?At  an  average  of  only  3.3  people  per  square  km,  Canada  has  one  of  the  lowest  popula;on  densi;es  in  the  world  
  • 4. Our hub cities are Isolated Edmonton CalgaryVancouver Saskatoon Québec City Halifax Ottawa Winnipeg Montréal Waterloo London Hamilton Toronto 4
  • 5. Memory at Work Understanding the driver of Job Creation Only…! 4-10%! ! of new companies 
 become high-growth firms.! ! But the top…! 1%! in any given year generate roughly 40% of new jobs.! 5%! ! ! in any given year generate roughly 66% of new jobs.! 5 !High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011 !
  • 6. The many roles of a Regional Innovation Centre Help to create successful global businesses Mission from Canada s science, technology, and social innovation Who we Early stage science and technology ventures Serve and innovative social purpose businesses Measure of Job and wealth creation for the economy Success 6
  • 7. Connectivity, Communication, Centralization and Decentralization ! 7
  • 8. As part of the Ontario Network of ExcellenceMaRS acts as Toronto’s Regional Innovation Centrewhile delivering key provincial programs such asthe Investment Accelerator Fund, SiG at MaRS andthe Business Accelerator Program 8
  • 9. 9
  • 10. Working together to build growth companies Services Provided by the ONE Members Business Education Advice Access and Market and to Capital Intelligence Mentorship Networks, Talent, Customers, and Partners! Regional Programs Focused on Regional Opportunities / Challenges! 10
  • 11. Leveraging “Backyard” Assets Community volunteers Service providers Capital connections Corporate and business Academic and government 11
  • 12. Culture ofEntrepreneurship
  • 13. Don DuvalVice PresidentMaRS Discovery Districtdduval@marsdd.comTwitter: don_duvalSpeakerfile: don.duval