Organization: MaRS

Canadian innovation leaders launch coalition against racism

A group of 25 leaders from the Canadian tech and innovation sectors have launched the Coalition of Innovation Leaders Against Racism (CILAR), which plans to create more opportunities for BIPOC people within the innovation economy. 

The Short Report, May 6, 2020: AbCellera receives $175.6M for COVID-19 therapies; Canada contributes $850 million to global pandemic response; new “super angel” fund launches; and more

Vancouver-based AbCellera Biologics will receive up to $175.6 million from the federal Strategic Innovation Fund to fast-track antibody therapies against COVID-19. The funding will also go to build a first-of-its-kind antibody manufacturing facility over the next four years to help Canada respond to future pandemics. AbCellera has partnered with global biopharmaceutical company Eli Lilly to…

MaRS establishes $30M early-stage clean tech fund

MaRS has established an early-stage clean tech fund backed solely by private sector financing to accelerate the development of firms in the MaRS Cleantech Practice. The $30-million MaRS Cleantech Fund LP is managed by MaRS Cleantech senior advisor Dr Tom Rand and Murray McCaig and has already made investments in GreenMantra and Smart Energy Instruments.…

Evans family gift funds MaRS Solutions Lab

MaRS is launching the MaRS Solutions Lab (MaRS SL) with a $10-million gift from the Evans family in honour of Dr John Evans, a MaRS co-founder and its chair emeritus. MaRS SL will select young leaders through a competitive process to benefit from the MaRS environment of mentorship, a systems view of the innovation process,…

New company to develop, market brain fitness products

Brain fitness products for helping extend memory and cognitive abilities later in life is the focus of a new company formed by the Baycrest Centre for Geriatric Care and MaRS. Cogniciti‘s first product (MemoryWork) is a corporate training program to teach employees, managers and team leaders how to use memory to improve personal performance in…

Clarification on MaRS story

In its January 20/03 issue, RE$EARCH MONEY ran a lead story on the MaRS project in Toronto. In the breakdown of funding raised to date, the story neglected to include the contribution of the Univ of Toronto. U of T was an early and critical supporter of the project, committing $5 million in late 2000…