Tech Transfer eNews Blog

MaRS Innovation changes its name, will focus more on venture building


By Jesse Schwartz
Published: September 11th, 2019

MaRS Innovation, a non-profit tech transfer organization serving 14 Toronto research institutions, has changed its name to Toronto Innovation Acceleration Partners (TIAP). The change coincides with the organization’s 10-year anniversary.

According to a statement, the change is meant to reflect the non-profit’s refined focus on venture building and growth to accelerate its member institutions’ technologies into the marketplace. Those institutions include the University of Toronto, Ryerson University, York University, and the Ontario Institute for Cancer Research (OICR).

“By changing our name, we are developing a strong identity that more effectively represents our committed focus as venture builders of our members’ assets,” says Rafi Hofstein, president and CEO of TIAP. “A refreshed brand will dovetail nicely with our future strategic direction for bringing health science technologies to the marketplace.”

TIAP will provide management, technology development and financing programs to support the commercialization of health science technologies. It will partner with industry and investors globally, building on its current portfolio of over 60 early-stage companies specializing in therapeutics, medical devices, AI, and other sectors.

“MaRS Innovation has been crucial in helping many of our most promising scientists and entrepreneurs leverage their groundbreaking research to support the growth of impactful businesses,” says Yung Wu, CEO of MaRS Discovery District. “Canada’s health sciences industry is fast becoming a world-leading sector, and I’m confident that with MaRS Innovation’s — now TIAP’s — refined focus, they will continue to play an invaluable role in this important work.”

Source: GlobeNewswire

Posted under: Tech Transfer e-News

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