MaRS The Innovation District

Innovation means to create something that no one else has created before. Innovation is key to society because without it, we would never progress and improve on aspects of our civilization. Fortunately, innovation is highly sought-after in today's society, and there are companies that specialize in specifically helping entrepreneurs and motivated businessmen and women pursue their ideas. A company known for aiding people in creating new ventures and start-up companies is MaRS.

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Image Source: Toronto Path.

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MaRS is a non-profit corporation with a goal of commercializing publicly funded medial research and other technologies. They were originally founded in Toronto in 2000 and they are partly able to do what they do with help of local private enterprises. On MaRS' official website, they say they "help to create successful global businesses from Canada's science, technology, and social innovation fields" Website Source: MaRS. As of 2014, MaRS has aided emerging startup companies by creating more than 4,000 jobs, and from the years 2011-2014, raised over $750 million in capital investments Website Source: Medium.

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MaRS has become a massive networking centre as well due to its events programming activities. These networking events vary from conferences, to hackathons, to just general meetups. MaRS hosts the frequent We Are Wearables meetup which is the largest of its kind in all of North America!

Concentrating research and innovation in one location in the downtown urban core is now being adopted by many other major cities worldwide such as New York, Boston, London, and Shanghai Website Source: Medium.

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MaRS is aware that entrepreneurs are always willing to network and meet like-minded people, which is one of the major reasons start-up companies join the MaRS Venture Services. MaRS helps accelerate these entrepreneurs by providing expert advice, market intelligence, connections to talent and customers, and access to capital Website Source: MaRS.

Although, MaRS is not the only company that is helping to promote innovation in start-up companies. Communitech is a Canadian company located in Waterloo, Canada which looks to bring together start-ups, brands, government agencies, and academic institutions all based in the tech community. Communitech has had 30,000 visitors since the innovation hub opened its doors in 2010 Website Source: Medium.

Many other companies replicate these innovation centres and hubs like the DMZ at Ryerson University, or Innovate Calgary located at the University of Calgary's main campus. But each company works towards the same goal of promoting and supporting innovation in entrepreneurs.

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Its companies and innovation hubs like MaRS that work to improve society for future generations which will make a lasting difference beyond many boarders of the world.

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