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Working with partners to catalyze, accelerate
and amplify innovation




Emerging Leaders Network
Don Duval, Vice President, MaRS
June 9th, 2012
1.  Provide an overview of MaRS, our mandate, and
    the programs we offer to meet the needs of our
    entrepreneurial community

2.  Discuss the city of Toronto and the attributes that
    make it one of the best cities in the world to drive
    and support innovation, entrepreneurship, and
    commercialization

3.  Provide an opportunity to address any questions
    you may have

                                                           2
MaRS is a non-profit innovation centre connecting science,
technology and social entrepreneurs with business skills,
networks and capital


               MaRS helps entrepreneurs start and grow
  Mission      successful new companies, creating the jobs
               of tomorrow


  Who we       Early stage science and technology ventures
   Serve       and innovative social purpose businesses


 Measure of
               Job and wealth creation for the economy
  Success
                                                             3
Competing is one thing…

  Winning
      is another!
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	
  
Our hub cities are
                            Isolated
                         Edmonton

            Calgary

Vancouver                           Saskatoon
                                                    Québec City


                                                                    Halifax


                                           Ottawa
                      Winnipeg
                                                              Montréal
                                     Waterloo

                                     London            Hamilton

                                                    Toronto                   6
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.!
                                                                                            7
                                   "
High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011
                                   "
As part of the Ontario Network of Excellence
MaRS acts as Toronto’s Regional Innovation Centre
while delivering key provincial programs such as
the Investment Accelerator Fund, SiG at MaRS,
ReSRC, and the Business Accelerator Program




                                                    8
The importance of

History and
       Place
10
Discovery
Details in
Notes Part of
Slide
Phase I"
           Phase II"
Discovery District   Financial District   Creative & Arts District



                                                                       Gardiner Museum of Ceramic Art
Royal Conservatory of Music
                                                                       Royal Ontario Museum

                                                                       Women’s College

       University of Toronto
                                                                       The MaRS Centre
                                                                       UHN Toronto General
     UHN Princess Margaret                                             Hospital for Sick children
               Mount Sinai
                                                                       Ryerson
             Toronto Rehab
                                                                       University
      Art Gallery of Ontario
               TIFF & OCAD
       Four Seasons Centre
           Financial District


     Entertainment District




                                                                                                        14
Our National Competitive
                    Advantages
  Healthy Economy

  Strong Resource Base

   Livable Communities

  Strong Education System

  Talented and Skilled Workforce

   Productive Research and Science Base

  Multicultural Civil Society

  Aging / Experienced Population          15
Source: 2thinknow Consultancy, 2011!




                                 Pg 16
Source: Startup Genome Report, 2012!




                              Pg 17
Exceptional Research and
         Academic Institutions




       Source: QS – World University Rankings, by Peer Review, 2011, Canadian Universities among the top 100 worldwide




                                                                                                                18
Source: Multiple; presented by David Naylor at the Toronto Board of Trade, 2012
Source: Multiple; presented by David Naylor at the Toronto Board of Trade, 2012
21
Improving
 Commercialization    Building Next Generation
Output from Academe           Startups




                                                 22
Licensing & Industry
  Co-development !




                                                   Start-ups!
                       Single Commercialization                  Business Accelerator
                        Storefront for Toronto’s                for Ontario’s Emerging
                         Academic Institutions                       Companies




                       Member Institutions!                     Entrepreneurs from
                                                                across Ontario and
                                                                    the country!




                                                                                         23
Business
   Advice                   Education                   Access
    and                    and Insight                 to Capital
 Mentorship


                Networks, Talent, Customers and Partners"


Programs for High Growth Ventures, Policy Initiatives, and Special Projects "


                                                                                24
Memory at Work

                                                                     Information Technology,
                                                                  Communication and Entertainment


                                                                              46%"
                                                                       Computational & Informational"
                 Materials and 
                                       Digital Multi-Media"
             Advanced Manufacturing
                                   Hardware"
                                                                       Healthcare IT"
                        3%"                                            Online"
                                                                       Software"
                                                                       Telecommunications"
                                                                       Wireless"
           Life Sciences 

          and Healthcare


             17%"
   Agriculture, Foods &Natural Products"
   Diagnostics &Imaging"
   Healthcare & Related Industries"
   Medical Devices"
                                                                          Social Purpose

   Therapeutics"
   "
                                                                             16%"
                                                                       Aboriginal"
                                                                       Arts / Culture"
                                            Cleantech
                 Education"
                                                                       Environment"
                                            18%"                       Healthcare"
                                                                       Housing"
                                           Energy"                     International Development"
                                           Environmental"              Social Services"
                                           Project Development"        Social Technology"
                                           "
                                                                                                        25
Our role in Reshaping Innovation
   Systems


  MaRS EXCITE"        MaRS Centre for 

                      Impact Investing"


      MaRS 
              MaRS 

  Energy Institute"    Solutions Lab"


                                          26
 	
  Systems	
  
                                                 Transforma9on	
  
Impact




                            Growth	
  
                           Companies	
  

         Discoveries	
  
            Ideas	
  

                            Community	
  Building	
  

                                  Scale
                                                                          27
Don Duval
Vice President
MaRS Discovery District
dduval@marsdd.com
Twitter: don_duval
Speakerfile: don.duval

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Don Duval - The Innovation and Entrepreneurship Ecosystem in Toronto - Emerging Leaders Network

  • 1. Working with partners to catalyze, accelerate and amplify innovation Emerging Leaders Network Don Duval, Vice President, MaRS June 9th, 2012
  • 2. 1.  Provide an overview of MaRS, our mandate, and the programs we offer to meet the needs of our entrepreneurial community 2.  Discuss the city of Toronto and the attributes that make it one of the best cities in the world to drive and support innovation, entrepreneurship, and commercialization 3.  Provide an opportunity to address any questions you may have 2
  • 3. MaRS is a non-profit innovation centre connecting science, technology and social entrepreneurs with business skills, networks and capital MaRS helps entrepreneurs start and grow Mission successful new companies, creating the jobs of tomorrow Who we Early stage science and technology ventures Serve and innovative social purpose businesses Measure of Job and wealth creation for the economy Success 3
  • 4. Competing is one thing… Winning is another!
  • 5. 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  
  • 6. Our hub cities are Isolated Edmonton Calgary Vancouver Saskatoon Québec City Halifax Ottawa Winnipeg Montréal Waterloo London Hamilton Toronto 6
  • 7. 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.! 7 " High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011 "
  • 8. As part of the Ontario Network of Excellence MaRS acts as Toronto’s Regional Innovation Centre while delivering key provincial programs such as the Investment Accelerator Fund, SiG at MaRS, ReSRC, and the Business Accelerator Program 8
  • 10. 10
  • 12.
  • 13. Phase I" Phase II"
  • 14. Discovery District Financial District Creative & Arts District Gardiner Museum of Ceramic Art Royal Conservatory of Music Royal Ontario Museum Women’s College University of Toronto The MaRS Centre UHN Toronto General UHN Princess Margaret Hospital for Sick children Mount Sinai Ryerson Toronto Rehab University Art Gallery of Ontario TIFF & OCAD Four Seasons Centre Financial District Entertainment District 14
  • 15. Our National Competitive Advantages Healthy Economy Strong Resource Base Livable Communities Strong Education System Talented and Skilled Workforce Productive Research and Science Base Multicultural Civil Society Aging / Experienced Population 15
  • 17. Source: Startup Genome Report, 2012! Pg 17
  • 18. Exceptional Research and Academic Institutions Source: QS – World University Rankings, by Peer Review, 2011, Canadian Universities among the top 100 worldwide 18
  • 19. Source: Multiple; presented by David Naylor at the Toronto Board of Trade, 2012
  • 20. Source: Multiple; presented by David Naylor at the Toronto Board of Trade, 2012
  • 21. 21
  • 22. Improving Commercialization Building Next Generation Output from Academe Startups 22
  • 23. Licensing & Industry Co-development ! Start-ups! Single Commercialization Business Accelerator Storefront for Toronto’s for Ontario’s Emerging Academic Institutions Companies Member Institutions! Entrepreneurs from across Ontario and the country! 23
  • 24. Business Advice Education Access and and Insight to Capital Mentorship Networks, Talent, Customers and Partners" Programs for High Growth Ventures, Policy Initiatives, and Special Projects " 24
  • 25. Memory at Work Information Technology, Communication and Entertainment
 46%" Computational & Informational" Materials and 
 Digital Multi-Media" Advanced Manufacturing
 Hardware" Healthcare IT" 3%" Online" Software" Telecommunications" Wireless" Life Sciences 
 and Healthcare
 17%" Agriculture, Foods &Natural Products" Diagnostics &Imaging" Healthcare & Related Industries" Medical Devices" Social Purpose
 Therapeutics" " 16%" Aboriginal" Arts / Culture" Cleantech
 Education" Environment" 18%" Healthcare" Housing" Energy" International Development" Environmental" Social Services" Project Development" Social Technology" " 25
  • 26. Our role in Reshaping Innovation Systems MaRS EXCITE" MaRS Centre for 
 Impact Investing" MaRS 
 MaRS 
 Energy Institute" Solutions Lab" 26
  • 27.    Systems   Transforma9on   Impact Growth   Companies   Discoveries   Ideas   Community  Building   Scale 27
  • 28. Don Duval Vice President MaRS Discovery District dduval@marsdd.com Twitter: don_duval Speakerfile: don.duval