Richard W. Ivey joins Board of Directors at MaRS

    TORONTO, Feb. 19 /CNW/ - MaRS Discovery District is pleased to announce
the appointment of businessman and philanthropist Richard W. Ivey, C.M., to
its Board of Directors.
    "Richard has a strong track record of community involvement and
commitment to research and innovation, most recently through his continuing
role as Chair of the Canadian Institute for Advanced Research (CIFAR)," noted
Dr. John Evans, Founding Chair of the Board at MaRS. "His integrity and
dedication to building a strong foundation for Canada's innovation economy
will be of tremendous benefit to MaRS."
    "I have followed the evolution of MaRS with great interest from its
inception," said Mr. Ivey. "The visionary founders have persevered through
some enormous challenges and I am thrilled to be getting involved as MaRS
positions itself to add tremendous value to Canada's knowledge-based economy."
    Mr. Ivey is Chair of Ivest Properties Ltd., a real estate development and
management company as well as Chair of CIFAR. He is also active in the
governance of Newport Partners Income Fund, Canada Colors and Chemicals Ltd.,
University Health Network, the Toronto Community Foundation, Lester Pearson
College of the Pacific Foundation, the Ivey Foundation, and the Richard Ivey
School of Business.
    Mr. Ivey practiced law at Torys until 1982 and then served in a variety
of executive roles in companies in the packaging and logistics industries for
almost 20 years.
    "We are delighted to welcome Richard Ivey to the Board of MaRS," said CEO
Ilse Treurnicht. "Richard has had a long-standing interest in the dual roles
of MaRS - moving important discoveries from our academic institutions to the
marketplace and supporting entrepreneurs growing innovative companies. He is
deeply committed to research excellence and public service. He is also a
business leader, angel investor, and hands-on philanthropist. All these worlds
intersect at MaRS, and we will benefit greatly from his keen insight and
considerable experience."

    About MaRS

    MaRS ( is a non-profit innovation centre connecting
science, technology and social entrepreneurs with business skills and capital
to stimulate innovation, entrepreneurship and the creation of successful
Canadian companies.

For further information:

For further information: Contact Info, Linda Quattrin, Director,
Communications, (416) 673-8104,

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