Presented by: Nina Chagnon,

Date: Jan 17th, 2007

Overview

MaRS Discovery District

Slide 2

MaRS Discovery District

Why does MaRS exist?

What is MaRS - and what does MaRS do?

What makes MaRS unique?

What lessons have we learned?

Slide 3

An Age of Intense Global Competition

Ontario is an economic powerhouse, but its economy is largely driven by resource and manufacturing industries.

Ontario faces an historic opportunity to profit from its discovery and innovation.

The issue is not a failure to invest in Ontario’s research agenda; instead, relative to other jurisdictions, we are not as successful at capitalizing on this investment in research through effective commercialization.

Ontario has what it takes to compete on the global stage - world class diversified science, skilled human capital, global reach.

For resources, capital and talent

And Ontario faces significant challenges:

Slide 4

KENDALLKENDALL

SQUARESQUARE

The global landscape is crowdedOntario faces intense competition

Slide 5

“In a world of global competition, sources of competitive advantage are becoming increasingly localized … true competitive advantage is found within our communities."

Michael Porter

By embracing a single, fundamental irony:

So how is Ontario going to compete?

Slide 6

Concerned that Canada was losing ground, a group of 12 visionaries founded MaRS in 2000 to focus the efforts of our research and business leaders on the global innovation challenge.

Milestones

Prime pieces of land purchased in downtown Toronto

Early and ongoing support from all levels of government

Significant private sector leadership and financial support

Phase I of the MaRS Centre opened in May 2005

Phase II is in pre-development; target opening in early 2009

Full suite of programs and services launched in September 2005

The Origins of MaRS

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What is MaRS?

MaRS connects the communities of science, business and capital to create a more efficient commercialization marketplace.

The MaRS community is built through co-location, catalytic programs and services, and structured networks.

The MaRS community is physically anchored in the MaRS Centre and extends virtually through the MaRS Portal and MaRS Networks.

MaRS is focused on building globally significant companies from Canada’s foundation of science and technology innovation.

Slide 8

The MaRS Centre

Phase I of the MaRS Centre (700K sf, or 77K m2, in 3 buildings) opened in May 2005, and is home to over 60 organizations: leading researchers, technology transfer groups, SMEs, multinationals, service providers, venture capitalists and networking organizations.

Private sector tenants outnumber public sector tenants 3:1.

The MaRS Incubator (35K sf, 3.8K m2) is home to 25 promising emerging life sciences and ICT companies.

The MaRS Collaboration Centre is a conference venue, while the MaRS Venture Group provides hands-on support to companies.

Phase II of the MaRS Centre (~1million sf, 111K m2 ) will be added to Phase I platform to create a global address.

The Physical Platform

The MaRS Centre is a convergence facility located in the heart of Toronto’s Discovery District, Canada’s largest research cluster.

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The MaRS Centre101 College Street, Toronto

Phase I Phase II

Slide 10

Intelligent Building Award

MaRS was recognized for its ability to leverage emerging IP based technologies to offer a fully connected community for both:

tenants located physically in the building and

a broader stakeholder community connected virtually over broadband networks.

Global Think Tank Honours MaRS

www.intelligentcommunity.org

Award acceptedJune 9th, 2006New York City

The Intelligent Community Forum (ICF) announced MaRS Centre as the winner of its 2006 Intelligent Building of the Year award.

So how is

different?

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1. MaRS Tenant Mix

Networking and Commercialization

Industry

Scientific Research & Support

Capital & Services

Covering the Innovation Spectrum

BioDiscoveryToronto

University of Toronto Asset Management

MERCK Where Patients Come First

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9th

41st

36th

30th

24th

22nd

19th

17th

11th

1st

0 5,000 10,000 15,000 20,000 25,000 30,000

Waterloo

Queen's

Laval

Western

Alberta

McMaster

Montreal

British Columbia

Colorado

McGill

Calif - San Diego

Minnesota

N Carolina - Chapel Hill

Pittsburgh

Michigan

Calif - Los Angeles

U Washington

Toronto

Top 10 AAU & G10 Incl. Private

3rd

0 10,000 20,000 30,000 40,000

Duke

Columbia

P ittsburgh

Michigan

U P enn

Calif - Los Angeles

U Washington

Toronto

J ohns Hopkins

Harvard

Sources: Thomson ISI Canadian University Indicators - Deluxe Edition, 2004 and Thomson ISI U.S. University Indicators - Deluxe Edition, 2004.

Health Sciences - Number of Publications Indexed by Thomson ISITop 10 Public AAU and G10 Institutions - 2000-2004

2. MaRS Discovery District LocationNumber of Publications by Institution: UofT Ranks 3rd

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10th

42nd

36th

28th

42nd

20th

17th

12th

11th

1st

0 100,000 200,000 300,000

Waterloo

Queen's

Laval

Western

Alberta

Montreal

British Columbia

McMaster

McGill

Colorado

N Carolina - Chapel Hill

Minnesota

Calif - San Diego

Pittsburgh

Michigan

Calif - Los Angeles

U Washington

TORONTO

Top 10 AAU & G10 Incl. Private

3rd

0 200,000 400,000

Duke

P ittsburgh

Michigan

Stanford

U P enn

Calif - Los Angeles

U Washington

Toronto

J ohns Hopkins

Harvard

Sources: Thomson ISI Canadian University Indicators - Deluxe Edition, 2004 and Thomson ISI U.S. University Indicators - Deluxe Edition, 2004.

Health Sciences - Number of Citations Indexed by Thomson ISITop 10 Public AAU and G10 Institutions - 2000-2004

2. MaRS Discovery District LocationNumber of Citations by Institution; UofT Ranks 3rd

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3. MaRS Urban LocationConnecting the creative and business assets of the city

Discovery District

Financial District

Creative & Arts District

Gardiner Museum of Ceramic Art

Royal Ontario Museum

Sunnybrook & Women’s College

The MaRS Centre

UHN Toronto General Hospital

Hospital for Sick children

Major Banks & Investment Firms

Entertainment District

Canadian Opera House

University of Toronto

UHN Princess MargaretMount SinaiToronto Rehabilitation Institute

Art Gallery of Ontario

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“The early decades of the 21st Century will be marked by the increased scientific and technological convergence of three fundamental drivers - biotechnology, advanced information technology and nanotechnology [...]. These converging technologies have the promise to achieve tremendous improvements in human capital, innovation, economic performance, and the quality of life“.

OECD

4. MaRS StrategyConvergence Innovation

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Convergence Innovation4. MaRS Strategy

Science

Talent

Breakthrou

gh Discove

ries

Economic Results

Creative Communities

Creativi

ty

Capital

Science

Business

Slide 18

4. MaRS StrategyA New Approach of Commercialization

SCIENCE

BUSINESS

CAPITAL

Science BusinessCapital

Results

• Demand-based, outward-focused innovation

• Increased Speed

• Improved Scope

• Scalability

• Multi-dimensional innovation

Old Approach

New Approach

Linear

Synergistic

=

=

=

=

Results

• Slower Process

• Increased Risk

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Peer to Peer Series

An intimate forum for entrepreneurs to learn from leaders who have demonstrated success in science and technology. These events also provide an opportunity to network with peers and members of the investment community

Entrepreneurship 101

Lectures for researchers within the MaRS Discovery District who have no prior business training. This non-credit course program focuses on key elements related to key topics such as: intellectual property, forming a company, investment capital, marketing etc.

Bio-Entrepreneurship

Monthly series designed as follow-on to Entrepreneurship 101, with emphasis the business elements specific to starting up a life sciences company

Best Practices

Workshops on key topics of interest to technology and life sciences entrepreneurs delivered by industry specialists

Creative Communities

Public forums and special events and lectures highlighting the wonders and importance of scientific research and creative energy generated by the arts in our community

Convergence Innovation

An annual conference that showcases the invention and creativity of leading thinkers in the convergent worlds of science, technology, business, capital, community and the arts.

Emerging Technologies

Expert perspectives on the latest science and technology research that is of importance to the corporate and investment community. Sessions feature cross-functional presentations by technology and market-experts.

Global Leadership Series

Sessions featuring leaders with demonstrated expertise and success in their field. Topics will be of general interest to a broad audience of business, science and capital participants.

Book Reviews

Author readings and panel reviews of books and journal articles shaping the future of the innovation economy.

Drug Development Discussion Groups

An open forum lead by an industry expert geared for researchers interested in in drug development

Educational & Networking Events

Capital

Science

Business

4. The MaRS Strategy

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4. The MaRS Strategy

Mandate

Assist start-up teams and growth companies in translating research & innovation into commercial success.

Programs & Services Market Intelligence - Access to leading

proprietary research on current markets, investors, and competitive and intellectual property landscapes.

Advisory Services - Delivery of timely strategic and tactical business insights through an in-house team of advisors and network of industry experts.

MaRS Programs- Production of specialized educational programs for researchers, entrepreneurs and investors aimed at encouraging collaboration, skills development and stronger networks.

Goals

1. Convert more discoveries into marketplace successes.

2. Strengthen the commercialization skillset in the community as a whole.

3. Accelerate attrition - validate commercial viability sooner.

4. Amplify economic outcomes of high potential technologies.

MaRS Venture Group

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4. The MaRS StrategyTaking Science out; bringing the Arts in

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5. MaRS NetworksStrong Regional Partnerships

BC

Calgary

SaskatchewanQuébec

EdmontonMaRS Landing

(Guelph)

(Ottawa)

(Waterloo Region)

Province of Ontario

(Toronto)

(Hamilton)

MaRS London (London)

Halifax

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5. MaRS Networks Helping build international partnerships

Global BUSINESS/Global SCIENCE/Global CAPITAL

CANADA

ONTARIO

TORONTO

Linking Canada’s Innovation

Excellence to International

Markets

Serving as a Global

Address for International Partners

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MaRS Evolution

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MaRS Evolution

People care about this topic

Serendipity is a powerful force

MaRS’ role as a “neutral sandbox” works

The community must own MaRS for it to succeed

Under the right leadership, public/private partnerships can be very

effective - and work very quickly

Collaboration is the only way for Canada to achieve critical mass, but true

collaboration across expert, cultural and geographic divides is not easy

Commercialization is a global activity – we need to raise awareness of

Canada’s assets globally and position our companies for international market

success

Opportunities and Challenges

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MaRS Venture Group

ClayTablet Technologies www.clay-tablet.com

Language Translation Workflow Software

Select Companies

Diginiche www.octopz.com

Web-Based Collaboration Sofware

Accufusion www.accufusion.com

Digital Laser Parts Manufacturing/Repair Platform

Skymeter www.appliedlocation.com

Vehicle Location Billing

AXS Digital Animation Studio www.axs3d.com

Visulization for Film/TV, Pharma, Biotech, Education, Research