Supporting Phase Two Of MaRS Discovery District Creates Opportunities For
TORONTO, June 26 /CNW/ - The expansion of the MaRS Discovery District
will continue to build Ontario's culture of innovation, Premier Dalton
McGuinty said today.
"MaRS is our gateway to innovation in Ontario, our calling card to the
world as a leading example of innovation," said Premier McGuinty.
"Our government is committed to research and innovation. Ontario's
ability to innovate, to be first out of the gate with a new idea, and our
ability to turn ideas into products will make Ontario a leader in the 21st
century global economy."
The McGuinty government is the single-largest public sector contributor
to MaRS. Since 2003, the government has invested almost $46 million in MaRS to
help support the discovery, financing and marketing of new ideas all in the
"The success of MaRS is based in large part on partnerships," said MaRS
CEO Dr. Ilse Treurnicht. "Our partnership with the Ontario government has
allowed us to create a world-leading commercialization facility that brings
together researchers, entrepreneurs and investors from across Ontario's
growing life sciences and other technology sectors to build the next
generation of high-growth companies."
The Premier announced a $16-million investment last year to support the
second phase of MaRS. This expansion will double the facility's capacity,
adding 900,000 square feet to accommodate scientists, entrepreneurs and other
collaborators in the MaRS community. Phase Two is expected to be complete in
Over five years, the government will be investing nearly $1.7 billion in
research and commercialization.
"Ontario has the people, talent and commitment to be a global leader in
research and innovation," said Premier McGuinty. "That's why we not only want
to make innovation possible - we want to make it inevitable."
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For further information:
For further information: Premier's Media Office, (416) 314-8975