MaRS Discovery District

MaRS Discovery District
Founded May 31, 2000
Type Charitable trust
Focus Technology transfer, commercialization
Location
Method Consultancy, market research, venture capital
Key people
 Ilse Treurnicht, CEO
Website www.marsdd.com

MaRS Discovery District is a not-for-profit corporation founded in Toronto in 2000. Its stated goal is to commercialize publicly funded medical research and other technologies with the help of local private enterprises and as such is a public-private partnership.[1] As part of its mission MaRS says, "MaRS helps create successful global businesses from Canada's science, technology and social innovation."[2] As of 2014, startup companies emerging from MaRS had created more than 4,000 jobs, and in the period of 2011 to 2014 had raised over $750 million in capital investments.[3]

The name MaRS was originally drawn from a file name, and later attributed with the title "Medical and Related Sciences." It has since abandoned this association[1] as it also works in other fields such as information and communications technology, engineering, and social innovation.

Facilities

The MaRS Centre, seen from the northeast corner of College Street and University Avenue
Construction of MaRS Phase II in August 2008.
The empty construction of MaRS Phase II in July 2009.
Completed MaRS Phase 2 in 2016.
Airbnb office in the MaRS Centre

It is located on the corner of College Street and University Avenue in the city of Toronto’s Discovery District, adjacent to the University of Toronto and its affiliated research hospitals at the University Health Network.

The MaRS development consists of two phases.

Phase 1

MaRS Discovery District Phase 1 was designed by Adamson Associates Architects and includes:

The Heritage Building

Inside the Heritage Building's four-storey brick façade (preserved) are tenant spaces occupied by professional services, industry associations, pharmaceutical companies and offices of Canadian universities and the Province of Ontario. In 2006, the MaRS Centre received the Heritage Toronto Award of Excellence for Architectural Conservation and Craftsmanship. The building was designed by Pearson and Darling and opened in 1911.

The Atrium

The MaRS atrium is a glass-roofed public thoroughfare that provides walkway access to Heritage Building tenants and retail vendors, as well as access to the South and Medical Discovery Towers. Its bottom level features a sub-dividable conference area that hosts public and private events. MaRS encourages events from across Toronto's arts, culture and broader urban community. The Atrium's lower level also features a media centre, video conferencing rooms and a public food court.

The South Tower

This eight-storey structure houses incubator programs and shared laboratory and research facilities. The 200,000-square-foot (19,000 m2), wet-lab-capable building spans eight floors in the MaRS Centre. The tower boasts advanced mechanical and electrical systems, floors with enhanced load bearing capabilities and 15-foot (4.6 m) slab-to-slab clearances.

Occupying the second and third floors of the South Tower — directly above the MaRS corporate offices, is the MaRS Incubator – a dedicated space that houses offices and laboratories for approximately two dozen life science and technology firms.

Toronto Medical Discovery Tower

With 400,000 square feet (37,000 m2) of state-of-the-art wet labs, the 15-storey Toronto Medical Discovery Tower accommodates leading-edge scientific equipment and houses the basic research activities of two of Canada's premier research hospitals: the University Health Network and the Hospital for Sick Children.

Situated on the corner of College and Elizabeth Street, the building was designed with typical research and development lab floors configured with a side core arrangement and sheathed in metal and glass. The tower portions rest on a three-storey limestone podium that aligns with the heights of the adjoining College Wing and the formal landscape forecourt that extends the full block.

The shell and core of the TMDT is designed to accommodate a full lab program based on 80 percent wet lab and 20 percent dry lab. The lab floors have been configured to maximize future flexibility. The mechanical and electrical rooms, power and communication distribution systems, general and special exhaust risers, floor drains and service zones, have been established to allow for fit-out by future tenants.

Phase 1 began operations in 2005.[1]

West Tower

West Tower (formerly known as Phase 2), designed by Bregman + Hamann Architects, constitutes a 780,000-square-foot (72,000 m2) addition to the MaRS centre in the form of a 20-story tower on the complex’s west wing. Construction began in late 2007, and was scheduled to be completed in spring 2010.[4] In November 2008, Phase 2 construction was put on hold due to the economic downturn.[5] Construction resumed in July 2011, with a target completion date of Fall 2013.

In 2011, construction of Phase 2 restarted. Phase 2 construction was expected to be completed in September 2013.[6] Phase 2 of the project was facing criticism because the Government of Ontario provided a bailout for the organization which is facing difficulty leasing the floors. The Ontario Progressive Conservative Party was calling for a full accounting of MaRS Phase 2.[7] By November 2016, 93% of the building had been leased, with the rest in negotiation.[8]

In 2016, IBM announced plans to join the finTech hub at MaRS. The hub has financial services companies, including CIBC, Manulife and Moneris.[9]

Supporters

MaRS is supported, in part, by professional service organizations which offer their expertise at no cost through education and training, and advisory hours.

The current list of organizations include:

Criticism

Inside the MaRS Centre atrium.

In April 2010, criticism of the $471,874 salary collected by MaRS CEO Ilse Treurnicht in 2008 was raised.[10] It also criticized Liberal government-led funding, lack of accountability and rigor in measuring results, claims of public-private partnerships and the absence of visible minorities among MaRS's team of advisors.

On August 27, 2010, the National Post relayed some of these criticisms[11]

Renewed criticism was published in 2011, pointing in particular to the $100,000 increase in Treurnicht's salary, her $534,000 salary in 2010, and questioning the public and private funding of the Phase II expansion.[12] The Toronto Sun published articles on the topic as well, questioning the high compensation levels at the charitable trust institution.[13]

Initiatives and affiliations

References

  1. 1 2 3 "How did MaRS get started". Retrieved 29 December 2013.
  2. ↑ "Our mission, our vision | MaRS". Retrieved 29 April 2013.
  3. ↑ Philipiddis, Alex (15 June 2014). "Incubators Blossom along with Their Startups". Genetic Engineering & Biotechnology News. 34 (12). pp. 7–8. Retrieved 2016-07-17.
  4. ↑ MaRS Selects Alexandria Real Estate Equities to Expand the MaRS Centre in the Discovery District of Toronto. Archived 2008-07-05 at the Wayback Machine.. Accessed on: June 26, 2007.
  5. ↑ Toronto's MaRS project a step too far. By Garry Marr, Financial Post Published: Tuesday, November 18, 2008 Archived May 6, 2009, at the Wayback Machine.
  6. ↑ MaRS Centre Phase 2 Set for Completion in Fall 2013
  7. ↑ Alex Bouitilier. "Ontario Tories call for clarity on MaRS costs". Toronto Star. TorStar Media. Retrieved 9 December 2014.
  8. ↑ Shelley White. "The story of the West Tower". Toronto Star. MaRS Discovery District. Retrieved 25 January 2017.
  9. ↑ "IBM to be first technology tenant in Toronto’s MaRS discovery district’s fintech hub". Financial Post, Alexandra Posadzki, August 30, 2016
  10. ↑ Greg Boutin (April 2010). "Troubling Facts about MaRS Discovery District". Growth Times. Retrieved September 27, 2010. (Subscription required (help)).
  11. ↑ Adam McDowell (August 27, 2010). "Discovering life at MaRS: Toronto’s premier innovation district". National Post. Retrieved September 27, 2010.
  12. ↑ Greg Boutin (August 3, 2011). "CEO of MaRS got 22% raise (one month before Ontario wage freeze?), made $533K in 2010". Growth Times. Retrieved August 5, 2011. (Subscription required (help)).
  13. ↑ Jonathan Jenkins (August 2, 2011). "Salaries increase at MaRS Discovery District". Toronto Sun. Retrieved August 5, 2011.

Coordinates: 43°39′35″N 79°23′20″W / 43.65972°N 79.38889°W / 43.65972; -79.38889

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