Don Duval: Creating Virtual Density to Expedite Wealth Creation
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A collaborative network of organizations across Ontario designed to commercialize ideas Don Duval, Vice President, MaRS May 14 th , 2012
description
This presentation focused on the Ontario Network of Excellence (ONE) and explained how Ontario and Canada more broadly, must create "virtual density" and collaborate to compete in order to win in the global economy. The presentation was made to a group of international media outlets from around the world at OCE Discovery 2012 in Toronto, Ontario.
Transcript of Don Duval: Creating Virtual Density to Expedite Wealth Creation
A collaborative network of organizations across Ontario designed to commercialize ideas
Don Duval, Vice President, MaRS May 14th, 2012
Competing is one thing… Winning
is another!
At an average of only 3.3 people per square km, Canada has one of the lowest popula;on densi;es in the world
How do we Compete?
Vancouver
Toronto
Montréal
Ottawa
London
Calgary
Saskatoon Québec City
Halifax
Edmonton
Hamilton
Waterloo
Winnipeg
Our hub cities are Isolated
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Memory at Work
4-10%!! !
of new companies become high-growth firms.!
Only…!
But the top…!
1%!! !
in any given year generate roughly 40% of new jobs.!
5%!! !
in any given year generate roughly 66% of new jobs.!
5 High-Growth Firms and the Future of the American Economy, Kaufmann Institute, 2011
Understanding the driver of Job Creation
Help to create successful global businesses from Canada’s science, technology, and social innovation
Mission
Who we Serve
Early stage science and technology ventures and innovative social purpose businesses
Measure of Success Job and wealth creation for the economy
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The many roles of a Regional Innovation Centre
Connectivity, Communication, Centralization and Decentralization !
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As part of the Ontario Network of Excellence MaRS acts as Toronto’s Regional Innovation Centre while delivering key provincial programs such as the Investment Accelerator Fund, SiG at MaRS and the Business Accelerator Program
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Education and Market Intelligence
Access to Capital
Business Advice
and Mentorship
Networks, Talent, Customers, and Partners!
Regional Programs Focused on Regional Opportunities / Challenges!
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Working together to build growth companies
Services Provided by the ONE Members
Community volunteers Service providers
Capital connections Corporate and business Academic and government
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Leveraging “Backyard” Assets
Culture of
Entrepreneurship
Don Duval Vice President MaRS Discovery District [email protected] Twitter: don_duval Speakerfile: don.duval
