During this presentation, MaRS CEO, Dr. Ilse Treurnicht takes viewers through the evolution of this innovation convergence centre through to where it sees itself moving in the future. It covers both MaRS' roots, and the best practices around the world that are informing its development. For the complete webinar presented by Ilse, visit: http://bit.ly/xliQYz

1. Innovation: then, now, next!
Ilse Treurnicht!
!
MaRS Discovery District
February 13, 2012!

2. MaRS began with three questions…
!
1. Is
there
a
be,er
way
to
capture
the
value
of
Toronto’s
rich
science
and
technology
discovery
pipeline?
2. How
can
we
help
our
young
companies
succeed
in
a
highly
compe@@ve
world?
3. How
do
we
best
foster
entrepreneurship
and
ensure
that
innova@on
flourishes
in
Canada?
And
a
place………
Pg 2

4. Discovery
Details in
Notes Part of
Slide

6. Silicon Valley!
Pg 6

7. Kendall Square!
Pg 7

8. Biopolis!
Pg 8

9. Phase 1 opened in
September 2005!
pg
9

10. Phase I!
Phase II!

11. Single Commercialization
Business Accelerator
Storefront for Torontoʼs Academic
for Growth Companies!
Research Assets!
Pg 11

12. MaRS Centre Community
PoP
Life Sciences
Angel
Physical
Sciences
Seed
Information
Technology
Social Growth
Innovation
Business
Entrepreneurs Corporations
SME s

13. Torontoʼs Discovery District!
Knowledge
Policy
Knowledge
Research
Capital
Pg 13

14. Characteristics!
• Place
• Academe
• Experimentation
• Mixed use
• Partnerships & collaboration
• Community
• Policy
• Capital
Pg 14

15. Pg 15

16. 2009: Things changed!
pg 16

17. “We need new businesses
to unleash new innovations”
President Barack Obama
pg
17

18. Young high growth firms
create the majority of new
jobs in modern economies.

19. What about
sustainable!
innovation?

20. “Innovation is the key to
solving the toughest problems
in our world”
NY Mayor, Michael Bloomberg
pg
20

21. !

22. !

23. !

24. Science Production
Innovation Beyond!
Science & Technology!
Community Services

25. Pg 25

26. MaRS and Social Innovation!
“Converging technologies have the promise to achieve tremendous
improvements in human capital, innovation, economic performance and the
quality of life.” – Dr. John Evans, MaRS Co-Founder and Chair Emeritus !
!
“Dr. Evans immediately saw that social innovation would complement MaRS'
focus on biomedical R&D” – Tim Brodhead, Senior Fellow SiG National,
Former President of the J.W. McConnell Family Foundation!
Pg 26

27. Innovation in adjacent spaces!
"Social and technical innovations share a number of
similar characteristics. First and foremost, all novelty is
created not so much in the primary elements, but in their
combination. Innovation lies in the relationship between
elements – the more unusual the combination of
elements, the more radical the innovation.”!
- Dr. Frances Westley, J.W. McConnell Chair in Social Innovation,
University of Waterloo!
Pg 27

28. Innovation as a system!
“We act like systems in creating large system problems,
but act like individuals in trying to solve them. If we were
to find a solution to these broad problems confronting us
we need to respond as a system.”!
- Eric Trist!
Pg 28

29. The European Business Panel on Future
EU Innovation Policy - 2009!
Businesses
innovate
mainly
for
return
on
investment,
whereas
society
must
innovate
for
social
return.
Europe
needs
both.
Social
innova@on
explains
75%
of
innova@on
success.
Breaking
the
mould
requires
collabora@ve,
cross
cuQng
responses
reaching
out
to
business,
public
policies,
research,
educa@on
and
training,
public
services,
finance
and
NGOs.
Public
policy
should
not
only
s@mulate
business
innova@on,
but
also
social
innova@on.
Social
innova@on
brings
together
individuals
and
communi@es,
including
civic
society
(or
third
sector)
to
address
specific
challenges.
Pg 29

30. The need to experiment - now!
“I think what connects the challenge for business, the
challenge for government and the challenge for
communities now, is both simple and difficult. We know
our societies have to radically change. We know we canʼt
go back to where we were before. We know itʼs only
through experiment that weʼll discover exactly how to run
a low carbon city, how to care for a much older
population, how to deal with drug addiction - and so on.” !
- Geoff Mulgan 2009!
!
Pg 30

31. NESTA!
Pg 31

32. +
NESTA
Pg 32

33. Pg 33

34. IDEO!
Pg 34

35. Pg 35

36. Pg 36

37. Radical
Redesign
Pg 37

38. Using Innovation Levers!
• Pipeline
of
ideas
• Talent
• Informa@on
• Business
models
• Capital
• Procurement
• Policy
• Networks
&
partnerships
• Culture
Pg 38

39. MaRS Next
!
• Pipeline MaRS Innovation, community, international!
• Talent Entrepreneurship education, new talent!
• Information Market Intelligence, shared data!
• Business models Lean development/several sectors!
• Capital Risk capital, impact investment!
• Procurement Health, Energy!
• Policy At the table, looking for outcomes !
• Networks & partnerships Broad, deep, varied !
• Culture Energized!
Convergence Innovation = Living Innovation LAB!
Pg 39

40. pg
40

41. Ilse Treurnicht, CEO MaRS Discovery District!