If you don’t work at a start-up, you likely know someone who does, or know someone who knows someone who does. Perhaps you know someone who started a start-up themselves? The point is, Toronto is busting at the seams with innovation and it’s not slowing down.
Starting a business is not as easy as showing up to the Dragon’s Den and making a deal. It takes significant capital, connections, and physical space to make big moves. This is where organizations like MaRS come in. As stated on the MaRS website, “Innovation doesn’t just happen. As the Toronto Discovery District’s commercialization hub, MaRS gives entrepreneurs what they need most: a home with access to networks and capital. This community keeps our most promising talent here, and supplies established businesses and institutions with a steady stream of creativity.”
The Mars Discovery District, a non-profit organization, was founded in 2000. As suggested by its name, it isn’t just a building, but a whole community of facilities. Its modern architecture has become a staple in Toronto’s Discovery District, adjacent to the University of Toronto.
It’s hard to gain notoriety in a metropolitan city without facing some criticism. Many eyebrows were raised at the disclosure of MaRS CEO Ilse Treurnicht’s salary of over $500,000. For a charitable government-funded organization, this seems high. When all is said and done, no publicity is bad publicity, right?
MaRS has helped countless start-ups, well, start up. In doing so, it has created thousands of jobs and has raised hundreds of millions of dollars in capital investments. Start-up are now up and running.
For more information, visit their website.