How We Work
Backed by solid market analyses, technical knowledge and business acumen across the life sciences, physical sciences and ICT, MaRS Innovation partners with Toronto member institutions and technology transfer offices to commercialize market-disruptive intellectual property. We have the technical intelligence to support inventors, along with the market and business intelligence to prime new technologies for potential investors.
MaRS Innovation was federally funded and incorporated in 2008 as a not-for-profit Centre of Excellence for Commercialization and Research (CECR).
Our Future
Our next challenge is to grow beyond our proven technology-transfer capabilities to develop a commercialization engine that integrates four core functions:
[Chart showing four functions].
Our strategic model will build the commercialization resources, infrastructure and culture of innovation to attract and retain the best entrepreneurs, IP and capital in the region. We will also coordinate the expertise, early-stage funding and strategic business support to secure profitable out-licensing agreements and create internationally competitive companies that influence the global marketplace.
The ultimate goal of our strategic plan is to help Ontario become a highly-attractive receptor for Foreign Direct Investment (FDI). This will enable the province’s research community to leverage the infrastructure, knowledge and resources established by companies who want to operate in a growing commercialization hub. This in turn will not only create new employment opportunities, but a stronger knowledge-based economy built around growing clusters of expertise and innovation.
By implementing our strategic model, Mars Innovation will demonstrate national leadership in overcoming the challenges that have impeded the commercialization of Ontario’s innovation assets and will generate a measurable and substantive return on investment for members.
