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MaRS Discovery District information


MaRS Discovery District
FoundedMay 31, 2000
TypeCharitable trust
FocusTechnology transfer, commercialization
Location
  • Toronto, Ontario, Canada
MethodConsultancy, market research, venture capital
Key people
Yung Wu, CEO
Websitewww.marsdd.com

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, 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]

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]

  1. ^ a b "How did MaRS get started". Retrieved 29 December 2013.
  2. ^ "Our mission, our vision | MaRS". Retrieved 29 April 2013.
  3. ^ 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.
  4. ^ Cite error: The named reference :1 was invoked but never defined (see the help page).

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