This presentation provided an overview of MaRS and the critical role the organization plays in working with partners to catalyze, accelerate, and amplify innovation across Canada. Given the target audience, the focus was primarily on discussing the Greater Toronto Area ecosystem and the corresponding attributes that make Toronto one of the best cities in the world to support innovation, entrepreneurship, and commercialization. The presentation was given at the June 2012 Toronto Homecoming Emerging Leaders Conference in Toronto.
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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
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
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
18. Exceptional Research and
Academic Institutions
Source: QS – World University Rankings, by Peer Review, 2011, Canadian Universities among the top 100 worldwide
18
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