A culture of collaboration is really at the heart of what’s next in innovation. What’s exciting in Toronto is that we have local and international businesses partnering with the startup ecosystem and increasingly with the academic community to position themselves for success in the future. And it’s happening across the spectrum from digital media and information technology to life sciences and healthcare, energy solutions and social innovation.
Dr. Ilse Treurnicht, CEO, MaRS Discovery District
Toronto’s life sciences and health sciences cluster attracts over $1B annually in research and employs close to 40,000 highly trained professionals. At the core of this diverse ecosystem is the Toronto Discovery District, a 2.5 square-kilometre downtown research park surrounding world-class research hospitals. With more than 650,000 square metres of facilities, this innovation centre represents Canada’s largest concentration of research institutes, business incubators, and banking/venture capital organizations.
At its heart is the MaRS Centre, one of the world’s largest urban innovation hubs and a home for entrepreneurs building Canada’s next generation of growth companies. Toronto is also one of the top technology industries on the continent with a thriving startup community and more than 14,000 established businesses, including tech giants like Microsoft, IBM, Cisco, Google and Facebook.
Life Sciences Sector
New and improved R&D centres help to retain and attract scientists from Canada and abroad as well as solidify the Toronto region’s position as the centre of Canada’s life sciences sector. Toronto’s sector comprises pharmaceuticals; biotechnology; and medical research, devices, surgical supply and assistive technologies.
Learn more about Toronto’s life sciences sector.
Facts & Figures
One of the largest life sciences sectors in North America with more than 800 companies
Third largest North American centre for information and communications technology firms
–Branham Group Report, 2014