Toronto innovation hub MaRS Discovery District has named Yung Wu as its new CEO effective Nov 1. Wu is a pioneering entrepreneur, serial investor and chairman of NFQ Ventures, a venture capital firm that invests in seed or early-stage funding. Wu will succeed outgoing CEO Ilse Treurnicht, who has been CEO since in 2005. MaRS board chair Gordon Nixon notes Wu’s extensive experience in, and knowledge of, the innovation cycle. He has a track record for growing companies from seed stage financing to global scaling. At NFQ Ventures, Wu has helped nurture startups from industries such as software, services and biotech, some of which have been sold to large firms. Wu has been recognized as one of Canada’s “Top 40 under 40” leaders and for leading one of the country’s “50 Best Managed Private Companies.”
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