MaRS Discovery District
MaRS Discovery District is a not-for-profit corporation founded in Toronto, Ontario, Canada in 2000. Its stated goal is to commercialize publicly funded medical research and other technologies with the help of local private enterprises and as such is a public-private partnership.[1] As part of its mission MaRS says, "MaRS helps create successful global businesses from Canada's science, technology and social innovation."[2] As of 2014[update], startup companies emerging from MaRS had created more than 4,000 jobs, and in the period of 2011 to 2014 had raised over $750 million in capital investments.[3]
| Founded | May 31, 2000 |
|---|---|
| Type | Charitable trust |
| Focus | Technology transfer, commercialization |
| Location |
|
| Method | Consultancy, market research, venture capital |
Key people | Yung Wu, CEO |
| Website | www |
The name MaRS was originally drawn from a file name, and later attributed with the title "Medical and Related Sciences". It has since abandoned this association[1] as it also works in other fields such as information and communications technology, engineering, and social innovation.
MaRS Discovery District is a member organization of the Ontario Network of Engineers.[4]
Facilities edit
It is located on the corner of College Street and University Avenue in the city of Toronto's Discovery District, adjacent to the University of Toronto and its affiliated research hospitals at the University Health Network.
The MaRS development consists of two phases.
Phase 1 edit
MaRS Discovery District Phase 1 was designed by Adamson Associates Architects and includes:
- The Heritage Building (formerly a wing of the Toronto General Hospital),
- The Atrium
- The South Tower
- The Toronto Medical Discovery Tower
The Heritage Building edit
Inside the Heritage Building's four-storey brick façade (preserved) are tenant spaces occupied by professional services, industry associations, pharmaceutical companies and offices of Canadian universities and the Government of Ontario. In 2006, the MaRS Centre received the Heritage Toronto Award of Excellence for Architectural Conservation and Craftsmanship. The building was designed by Pearson and Darling and opened in 1911. The Heritage building houses a Biosafety level 3 laboratory.[5]
Atrium edit
The MaRS atrium is a glass-roofed public thoroughfare that provides walkway access to Heritage Building tenants and retail vendors, as well as access to the South and Medical Discovery Towers. Its bottom level features a sub-dividable conference area that hosts public and private events. The Atrium's lower level also features a media centre, video conferencing rooms and a public food court.
South Tower edit
This eight-storey structure houses incubator programs and shared laboratory and research facilities. The 200,000-square-foot (19,000 m2), wet lab-capable building spans eight floors in the MaRS Centre. The tower boasts advanced mechanical and electrical systems, floors with enhanced load bearing capabilities and 15-foot (4.6 m) slab-to-slab clearances.
Occupying the second and third floors of the South Tower – directly above the MaRS corporate offices, is the MaRS Incubator – a dedicated space that houses offices and laboratories for approximately two dozen life science and technology firms.
Toronto Medical Discovery Tower edit
With 400,000 square feet (37,000 m2) of wet labs, the 15-storey Toronto Medical Discovery Tower accommodates scientific equipment and houses the basic research activities of one of Canada's research hospitals, the University Health Network.
Situated on the corner of College and Elizabeth Street, the building was designed with typical research and development lab floors configured with a side core arrangement and sheathed in metal and glass. The tower portions rest on a three-storey limestone podium that aligns with the heights of the adjoining College Wing and the formal landscape forecourt that extends the full block.
The shell and core of the TMDT is designed to accommodate a full lab program based on 80 percent wet lab and 20 percent dry lab. The lab floors have been configured to maximize future flexibility. The mechanical and electrical rooms, power and communication distribution systems, general and special exhaust risers, floor drains and service zones, have been established to allow for fit-out by future tenants.
Phase 1 began operations in 2005.[1]
West Tower edit
West Tower (formerly known as Phase 2), designed by Bregman + Hamann Architects, constitutes a 780,000-square-foot (72,000 m2) addition to the MaRS centre in the form of a 20-story tower on the complex's west wing. The tower was developed by Alexandria Real Estate Equities.[6] Construction began in late 2007, and was scheduled to be completed in spring 2010.[7] In November 2008, Phase 2 construction was put on hold due to the economic downturn.[8] Construction resumed in July 2011, with a target completion date of Fall 2013.
In 2011, construction of Phase 2 restarted. Phase 2 construction was expected to be completed in September 2013.[9] Phase 2 of the project was facing criticism because the Government of Ontario provided a bailout for the organization which is facing difficulty leasing the floors. The Ontario Progressive Conservative Party was calling for a full accounting of MaRS Phase 2.[10] By November 2016, 93% of the building had been leased, with the rest in negotiation.[6]
In 2016, IBM announced plans to join the finTech hub at MaRS. The hub has financial services companies, including CIBC, Manulife and Moneris.[11]
Supporters edit
MaRS is supported, in part, by professional service organizations that offer their expertise at no cost through education and training, and advisory hours.
Funding edit
Current and recent individual and organizational funders include:[12][13][4]
- Allan Slaight
- Amgen
- Arthur Labatt
- AstraZeneca
- Avie Bennett
- Baxter
- Baycrest Health Sciences
- Brock University Faculty of Education
- Bullfrog Power
- Canada Health Infoway
- Canadian Electricity Association
- Canadian Cancer Society
- Canadian Imperial Bank of Commerce
- Cancer Care Ontario
- Capgemini
- Cisco
- City of Toronto
- Consulate General of the Netherlands in Toronto
- The Co-operators
- Deloitte
- Edelman
- Eli Lilly and Company
- Employment and Social Development Canada
- Federation of Canadian Municipalities
- FleishmanHillard
- Gerald Heffernan
- GlaxoSmithKline
- Government of Canada
- Government of Ontario
- Gowling WLG
- Hamilton Community Foundation
- HSBC
- Janssen
- Joseph Rotman
- KPMG
- McConnell Foundation
- Meridian Credit Union
- Microsoft
- Miller Thomson
- MNP LLP
- Morrisette Institute for Entrepreneurship at the University of Western Ontario
- Nordion
- Norton Rose Fulbright
- Novartis
- NPS Pharmaceuticals
- Ontario Genomics
- Pearson
- Peter Munk
- Roche
- Rockefeller Foundation
- Royal Bank of Canada
- Siemens
- St. Michael's Hospital
- Suncor Energy
- Suncor Energy Foundation
- TMX Group
- Toronto Rehabilitation Institute
- Torys
- University of Toronto
- Vancity
- Versant Ventures
Criticism edit
In April 2010, criticism of the $471,874 salary collected by MaRS CEO Ilse Treurnicht in 2008 was raised.[14] It also criticized Liberal government-led funding, lack of accountability and rigor in measuring results, claims of public–private partnerships and the absence of visible minorities among MaRS's team of advisors.
On August 27, 2010, the National Post relayed some of these criticisms[15]
Renewed criticism was published in 2011, pointing in particular to the $100,000 increase in Treurnicht's salary, her $534,000 salary in 2010, and questioning the public and private funding of the Phase II expansion.[16] The Toronto Sun published articles on the topic as well, questioning the high compensation levels at the charitable trust institution.
References edit
- ^ a b c "How did MaRS get started". Retrieved 29 December 2013.
- ^ "Our mission, our vision | MaRS". Retrieved 29 April 2013.
- ^ Philipiddis, Alex (15 June 2014). "Incubators Blossom along with Their Startups". Genetic Engineering & Biotechnology News. Vol. 34, no. 12. pp. 7–8. Retrieved 2016-07-17.
- ^ a b . MaRS Discovery District. Archived from the original on 2019-04-06. Retrieved 2023-07-07.
- ^ "Health Lab at MaRS Discovers the Benefits of Kenall's IP-rated Containment Room Lighting" (PDF). Kenall Mfg.Co. 2019.
- ^ a b Shelley White. "The story of the West Tower". Toronto Star. MaRS Discovery District. Retrieved 25 January 2017.
- ^ MaRS Selects Alexandria Real Estate Equities to Expand the MaRS Centre in the Discovery District of Toronto 2008-07-05 at the Wayback Machine. Accessed on: June 26, 2007.
- ^ Toronto's MaRS project a step too far. By Garry Marr, Financial Post Published: Tuesday, November 18, 2008 May 6, 2009, at the Wayback Machine
- ^ MaRS Centre Phase 2 Set for Completion in Fall 2013
- ^ Alex Bouitilier. "Ontario Tories call for clarity on MaRS costs". Toronto Star. TorStar Media. Retrieved 9 December 2014.
- ^ "IBM to be first technology tenant in Toronto's MaRS discovery district's fintech hub". Financial Post, Alexandra Posadzki, August 30, 2016
- ^ "Meet Our Supporters". MaRS Discovery District. Archived from the original on 2023-01-12. Retrieved 2023-07-06.
- ^ "MaRS 2021 Annual Report" (PDF). MaRS Discovery District. (PDF) from the original on 2023-01-22. Retrieved 2023-07-06.
- ^ Greg Boutin (April 2010). "Troubling Facts about MaRS Discovery District". Growth Times. Retrieved September 27, 2010.
- ^ Adam McDowell (August 27, 2010). "Discovering life at MaRS: Toronto's premier innovation district". National Post. Retrieved September 27, 2010.
- ^ Greg Boutin (August 3, 2011). "CEO of MaRS got 22% raise (one month before Ontario wage freeze?), made $533K in 2010". Growth Times. Retrieved August 5, 2011.
External links edit
- Press Release for resumption of MaRS 'Phase 2' Expansion