A MaRS WHITE PAPER THE RISE OF THE HUB How innovation is moving downtown MaRS Joe Greenwood | MaRS Data Catalyst Joeri van den Steenhoven | MaRS Solutions Lab Authors Joe Greenwood Joeri van den Steenhoven Lead Executive, Data Vice President, Systems Innnovation MaRS Data Catalyst MaRS Solutions Lab
[email protected] [email protected] About MaRS MaRS Discovery District is a not-for-profit innovation hub dedicated to driving economic and social prosperity by harnessing the full potential of innovation. MaRS works with entrepreneurs and investors to launch and grow companies that have broad economic and societal impact, and convenes governments and industry stakeholders to enable widespread adoption in complex markets and systems. For more information, please visit marsdd.com. MaRS Discovery District 101 College Street, Suite 401 Toronto, Ontario M5G 1L7 Tel: 416-673-8100 Marsdd.com Published March 2017 COVER IMAGES FRONT: ISTOCKPHOTO BACK: MaRS/HOLLY SISSON © Copyright MaRS Discovery District 2017. All rights reserved. THE RISE OF THE HUB Innovation can improve our lives, improve our society, and produce jobs for millions. But it is less and less a product of random factors. These days, where innovation can best be nurtured matters hugely. We can not only influence that outcome, but we are further along in doing so than many of us, even in Toronto, realize. THE RISE OF THE HUB CONTENTS 01/ Innovation’s new perspective 11 02/ Cities as economic drivers 13 03/ The new geography of innovation 16 04/ The rise of the hub 11 05/ Conclusion 15 THE RISE OF THE HUB INNOVATION’S 01/ NEW PERSPECTIVE The nature of innovation – how it happens, how we can foster it – is changing everywhere.