The MaRS Discovery District in Toronto, one of Canada’s finest research and innovation hubs, has been equipping its cultivated companies to do business globally and looking to form the right partnerships as emerging economies becoming new markets.
Medical and Related Sciences or MaRS was formed in 2005 to help Canadian startups grow and increase their impact on industries such as health, pharmaceuticals, green technology, information technology and communications.
MaRS Discovery District CEO Dr. Ilse Treurnicht, said: “Our challenge is to differentiate our product offering, become targeted, and find strategic partnerships to build.
The non-profit corporation also assists these innovators with the necessary entrepreneurial skills, as well as providing risk capital management services.
It has since gone on to help its growing companies move into the Asian market and help them find partners from the region and build deeper relationships.
Last year, MaRS Discovery District’s Advanced Energy Centre (AEC) signed a memorandum of agreement with the Water Technology Acceleration Project (WaterTAP) and the China Energy Conservation and Environmental Protection Group (CECEP) to explore potential cooperation in advanced energy in Ontario and water technologies in China.