Building Canada’s next generation of
growth companies




Don Duval, Vice President, MaRS
April 2012




                                       The image cannot be displayed.
MaRS is a non-profit innovation centre connecting science,
technology and social entrepreneurs with business skills,
networks and capital


               MaRS helps to create successful global
  Mission      businesses from Canada s science and
               technology


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


 Measure of
               Job and wealth creation for the economy
  Success
                                                             2
How do we
                   Compete?

At an average of only 3.3 people
per square km, Canada has one of
the lowest population densities in
the world.
Our hub cities are
                            Isolated
                         Edmonton

            Calgary

Vancouver                           Saskatoon
                                                    Québec City


                                                                    Halifax


                                           Ottawa
                      Winnipeg
                                                              Montréal
                                     Waterloo

                                     London            Hamilton

                                                    Toronto                   4
As part of the Ontario Network of Excellence MaRS acts as
Toronto’s Regional Innovation Centre (RIC) while delivering key
programs such as the Investment Accelerator Fund, SiG at
MaRS and the Business Accelerator Program




                                                              5
The importance of

History and
       Place
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




                                                                                                        8
Universities            Proof of
                                                        Principle Grants
                             Research
                             Hospitals                            Pre-Seed Funds

                       Individual                                          Angels
                       Scientists



                                                                             Philanthropists
    Generating
            
       Inventors
                                                                               VCs
    Purposeful                                                                  Banks
    Collisions
                   Individual                                                 Service Providers
                 Entrepreneurs
                                                                              Government
                      Incubator
                      Companies                                            Industry Associations

                                                                     Regional Innovation
                          Small/Medium
                                                                       Organizations
                          Sized Business
                                            Large         Sector-based
                                         Corporations     Organizations


                                                                                               9
Improving
 Commercialization    Building Next Generation
Output from Academe           Startups




                                                 10
MaRS Innovation




                  11
¨  A professionally managed, business accelerator platform as a
    single point of entry for industry partners and investors

¨  Funding of MaRS Innovation and distribution of revenues are
    based upon an agreed upon formula amongst all member
    institutions

¨  Currently trending with greater than 300 disclosures per
    year, approximately 70% of which are life sciences, medical
    device, or healthcare IT sectors

¨  Cash contributions from member institutions are based pro-
    rata on the annual research budget for each institution


                                                                   12
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!




                                                                                         13
14
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 !


                                                                                15
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!
                                           !
                                                                                                        16
MaRS Advisory
                              Services




Full - Time   Part - Time    Volunteers     Internship   Corporate



       A single, integrated pool of advisors
     offering free consultative services to an
            array of emerging ventures



                                                                     17
Community volunteers

Service providers

Capital connections

Corporate and business

Academic and government

                          18
In-Person Programming!


 q Practical, hands-on education – for
    entrepreneurs, by entrepreneurs!

 q In Person and Online!

 q Integrated curriculum!
     Entrepreneurship 101 !
     MaRS Best Practices !
     MaRS Market Insights !
     MaRS Global Leadership 
     MaRS Capital Series !
     Entrepreneur’s Toolkit Workshops
     MaRS Peer to Peer Networks!
 !                                        19
Entrepreneurʼs Toolkit!

q  Entrepreneur’s Toolkit – co-
    creation with entrepreneurs!

q  Rich and expanding multimedia
    content !
        "Articles !
        "Videos !
        "How-to Guides 
        "Workbooks 
        "Funding Database!


 www.marsdd.com/toolkit!

                                    20
Library System!

                                                   +
                                         >22 Databases!
      Industry Specific Vendors!           Multi-Industry Vendors!           Vendor Aggregator!

      IDC!         Lux Research!       Frost & Sullivan!    Datamonitor!       Dialog pro!
    Forrester!   Thomson Pharma!      Business insights!    VC reporter!     Market Research!
     Gartner!        MedTrack!            Delphion!        Venture Xpert!        Factiva!
                                              !                  !


                                                   =
                     MaRS offers free market research (>$1.5M per month) 

                           to entrepreneurs and small companies!
Life Sciences / Healthcare!         Cleantech!                     ICE!       Social Businesses!

                                                                                                   21
Market Research, Asset Maps and Industry Reports!



                                  Expecting the Unexpected
                                  REGENERATIVE MEDICINE ASSET MAP

                                  AN ANALYSIS OF ONTARIO’S R&D EXCELLENCE AND COMMERCIALIZATION CAPACITY




                                                                                          NEUROSCIENCE INDUSTRY BRIEFING


                                                                                          A REVIEW OF ONTARIO’S R&D EXCELLENCE WITH A FOCUS ON AGING




                                                                                                                                                  A Bright Green Future
                                                                                                                                                  CLEANTECH ASSET MAP

                                                                                                                                                  AN ANALYSIS OF THE CONVERGENCE OF TECHNOLOGY, POLICY AND CAPITAL IN ONTARIO




                                                                                                                                                                                                                                22
•  Investment Accelerator Fund provides seed
   investment to promising, emerging technology
   companies throughout Ontario!
•  MaRS Cleantech Fund, early stage seed capital
   to emerging cleantech ventures!
•  MaRS Angels, VC Forums, and Corporate
   Venture events present investment ready deals
   to investors !
•  Engagement with domestic and international
   corporates, partners, and talent to connect MaRS
   clients to target connections and customers!
•  Support for accessing public sector innovation     23
   programs!
Peer to Peer
interactions
are designed
to share
insight and
inspire




           24
The integrated and collaborative nature of our “clubhouse”…
                everything under one roof!

•    Incubator and Leasing Facility        Multiple players
•    Conference Centre                     aligned to the
•    Education Institute                   innovation,
•    Entrepreneurial “Clubhouse”           commercialization
•    Thought Leadership and Think Tank     and
•    Capital and Talent                    entrepreneurial
•    Research Centre / Sandbox             ecosystem
•    Business Development                  working together
•    Entrepreneurial Service office        to expedite
•    Consolidated Tech Transfer Office     economic and
•    Networking and Latest Trends          social prosperity
•    …and more!
                                                         pg	
  25	
  


                    Why do you need to be here?                 25
Culture   of

Entrepreneurship
Impact!




        Real Estate Services !                                                           Ecosystem Development!
Office & Laboratory Facilities | MaRS Incubator !                                 Strategic Partnerships | Stakeholder Support!

MaRS Collaboration Centre l ! IT/AV Services!                                         Community Programs |!        Awards & Recognition!

 MaRS Centre Development !                                                                            Talent & Knowledge Management !

                                                                                                              Public Policy !
                                                    Business Services!
                           IP Development |!       Market Intelligence   |!   Capital & Investment!
                                          MaRS Advisory      |!    Entrepreneurship Education!


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

Don Duval: Skolkovo Smart City Strategy - Building an Innovation Smart City in Russia

  • 1.
    Building Canada’s nextgeneration of growth companies Don Duval, Vice President, MaRS April 2012 The image cannot be displayed.
  • 2.
    MaRS is anon-profit innovation centre connecting science, technology and social entrepreneurs with business skills, networks and capital MaRS helps to create successful global Mission businesses from Canada s science and technology Who we Early stage science and technology ventures Serve and innovative social purpose businesses Measure of Job and wealth creation for the economy Success 2
  • 3.
    How do we Compete? At an average of only 3.3 people per square km, Canada has one of the lowest population densities in the world.
  • 4.
    Our hub citiesare Isolated Edmonton Calgary Vancouver Saskatoon Québec City Halifax Ottawa Winnipeg Montréal Waterloo London Hamilton Toronto 4
  • 5.
    As part ofthe Ontario Network of Excellence MaRS acts as Toronto’s Regional Innovation Centre (RIC) while delivering key programs such as the Investment Accelerator Fund, SiG at MaRS and the Business Accelerator Program 5
  • 6.
  • 7.
    Phase I! Phase II!
  • 8.
    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 8
  • 9.
    Universities Proof of Principle Grants Research Hospitals Pre-Seed Funds Individual Angels Scientists Philanthropists Generating Inventors VCs Purposeful Banks Collisions Individual Service Providers Entrepreneurs Government Incubator Companies Industry Associations Regional Innovation Small/Medium Organizations Sized Business Large Sector-based Corporations Organizations 9
  • 10.
    Improving Commercialization Building Next Generation Output from Academe Startups 10
  • 11.
  • 12.
    ¨  A professionallymanaged, business accelerator platform as a single point of entry for industry partners and investors ¨  Funding of MaRS Innovation and distribution of revenues are based upon an agreed upon formula amongst all member institutions ¨  Currently trending with greater than 300 disclosures per year, approximately 70% of which are life sciences, medical device, or healthcare IT sectors ¨  Cash contributions from member institutions are based pro- rata on the annual research budget for each institution 12
  • 13.
    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! 13
  • 14.
  • 15.
    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 ! 15
  • 16.
    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! ! 16
  • 17.
    MaRS Advisory Services Full - Time Part - Time Volunteers Internship Corporate A single, integrated pool of advisors offering free consultative services to an array of emerging ventures 17
  • 18.
    Community volunteers Service providers Capitalconnections Corporate and business Academic and government 18
  • 19.
    In-Person Programming! q Practical,hands-on education – for entrepreneurs, by entrepreneurs! q In Person and Online! q Integrated curriculum! Entrepreneurship 101 ! MaRS Best Practices ! MaRS Market Insights ! MaRS Global Leadership MaRS Capital Series ! Entrepreneur’s Toolkit Workshops MaRS Peer to Peer Networks! ! 19
  • 20.
    Entrepreneurʼs Toolkit! q  Entrepreneur’sToolkit – co- creation with entrepreneurs! q  Rich and expanding multimedia content ! "Articles ! "Videos ! "How-to Guides "Workbooks "Funding Database! www.marsdd.com/toolkit! 20
  • 21.
    Library System! + >22 Databases! Industry Specific Vendors! Multi-Industry Vendors! Vendor Aggregator! IDC! Lux Research! Frost & Sullivan! Datamonitor! Dialog pro! Forrester! Thomson Pharma! Business insights! VC reporter! Market Research! Gartner! MedTrack! Delphion! Venture Xpert! Factiva! ! ! = MaRS offers free market research (>$1.5M per month) 
 to entrepreneurs and small companies! Life Sciences / Healthcare! Cleantech! ICE! Social Businesses! 21
  • 22.
    Market Research, AssetMaps and Industry Reports! Expecting the Unexpected REGENERATIVE MEDICINE ASSET MAP AN ANALYSIS OF ONTARIO’S R&D EXCELLENCE AND COMMERCIALIZATION CAPACITY NEUROSCIENCE INDUSTRY BRIEFING A REVIEW OF ONTARIO’S R&D EXCELLENCE WITH A FOCUS ON AGING A Bright Green Future CLEANTECH ASSET MAP AN ANALYSIS OF THE CONVERGENCE OF TECHNOLOGY, POLICY AND CAPITAL IN ONTARIO 22
  • 23.
    •  Investment AcceleratorFund provides seed investment to promising, emerging technology companies throughout Ontario! •  MaRS Cleantech Fund, early stage seed capital to emerging cleantech ventures! •  MaRS Angels, VC Forums, and Corporate Venture events present investment ready deals to investors ! •  Engagement with domestic and international corporates, partners, and talent to connect MaRS clients to target connections and customers! •  Support for accessing public sector innovation 23 programs!
  • 24.
    Peer to Peer interactions aredesigned to share insight and inspire 24
  • 25.
    The integrated andcollaborative nature of our “clubhouse”… everything under one roof! •  Incubator and Leasing Facility Multiple players •  Conference Centre aligned to the •  Education Institute innovation, •  Entrepreneurial “Clubhouse” commercialization •  Thought Leadership and Think Tank and •  Capital and Talent entrepreneurial •  Research Centre / Sandbox ecosystem •  Business Development working together •  Entrepreneurial Service office to expedite •  Consolidated Tech Transfer Office economic and •  Networking and Latest Trends social prosperity •  …and more! pg  25   Why do you need to be here? 25
  • 26.
    Culture of Entrepreneurship
  • 27.
    Impact! Real Estate Services ! Ecosystem Development! Office & Laboratory Facilities | MaRS Incubator ! Strategic Partnerships | Stakeholder Support! MaRS Collaboration Centre l ! IT/AV Services! Community Programs |! Awards & Recognition! MaRS Centre Development ! Talent & Knowledge Management ! Public Policy ! Business Services! IP Development |! Market Intelligence |! Capital & Investment! MaRS Advisory |! Entrepreneurship Education! 27
  • 28.
    Don Duval Vice President MaRSDiscovery District dduval@marsdd.com Twitter: don_duval Speakerfile: don.duval