How did MaRS get started?

MaRS as Toronto General Hospital
MaRS began with a question: “Is there a better way to capture the commercial potential of Toronto’s $1 billion in annual science and technology research spending?”

The answer was a resounding “Yes!”

A charitable organization could be created to better connect the worlds of science, business and government. A public-private partnership with a mission to remove the barriers between silos. Nurture a culture of innovation. And help create global enterprises that would contribute to Canada’s economic and social development.

Visionary individuals and organizations took the lead. They raised capital, secured a strategically-located heritage building and began to develop the MaRS organization.


Phase 1 (opened September 2005)

Today, our focus has expanded to include:

Phase 2 (announced in 2007)

  • Learn more at our Phase 2 information page
  • Will more than double the footprint of the MaRS Centre to over 1.5 million square feet, making it one of the largest urban innovation hubs in the world
  • Construction is underway, with an expected completion date of September 2013

MaRS' strategic goals:

  • Build great companies
  • Develop a vibrant innovation hub
  • Strengthen Canada’s global innovation brand

What does MaRS stand for?

Originally, MaRS was a filename: Medical and Related Sciences. Then our mandate expanded, including a broader range of innovative sectors. Now, it's not an acronym. It's just our name.

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MaRS Charitable Registration Number
876682717 RR0001


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