MaRS Discovery District

MaRS Discovery District is a non-profit organization and urban innovation hub located in Toronto, Canada, dedicated to fostering high-growth companies within Canada's knowledge economy. It serves as a convergence center, supporting entrepreneurs through a range of services that include business research, advisory in various sectors such as life sciences, health care, information technology, and clean technology, as well as startup assistance. MaRS facilitates connections among capital, research, and corporate entities, hosting a community of around 2,500 individuals from diverse fields. The organization focuses on accelerating companies in sectors like clean technology, fintech, healthcare, and advanced materials, providing expert advice, market intelligence, access to capital, and connections to talent and customers. Additionally, MaRS operates an investment arm that engages in venture capital and private equity, targeting investments primarily in Ontario, with a preference for companies in information and communication technology, health, and energy resources.

Allen Gelberg

Director, MaRS Collaboration Centre

Alexander Munro

Director of Capital Services

Alison Nankivell

CEO

Sonia Strimban

Associate

7 past transactions

SocialBus

Pre Seed Round in 2019
SocialBus is an intelligent digital platform for managing shuttle buses and vans. It empowers the modern employee’s commute by providing useful data and analytics. SocialBus provides an app-based solution to transportation-management and a fully fledged system with telemetry, maintenance, dispatch, asset tracking, driver behaviour profiling, and machine learning capabilities. Our goal is to maximise passengers comfort and minimise providers hassles. Hence, SocialBus’ comprehensive managing tools dramatically improve and enhance the operation’s reliability and quality of service resulting in cost reduction, frictionless management, and user satisfaction.

Solistra

Seed Round in 2019
The solistra corporation is a Solar-driven chemical processes to reduce greenhouse gas emissions from existing industrial processes. Solistra reduces greenhouse gas emissions from existing industrial operations though our solar-driven chemical process technologies. It is an early-stage cleantech start-up commercializing a solar-activated nanomaterial that is able to convert carbon dioxide and methane gas simultaneously into a suite of green chemicals and fuels. This revolutionary technology has the potential to revolutionize the way commodity chemicals are produced by making them low-impact, and carbon negative.

What If Machines

Pre Seed Round in 2019
Operator of technology and retail startup intended to bring unique products to the online retail space. The company leverages artificial intelligence, big data and other technologies to bring services to the online retail space, enabling consumers to get a platform for online shopping.

MedView Imaging

Seed Round in 2015
MedView is a medical technologies startup company focused on commercializing our proprietary, near infrared (NIR), spatially resolved diffusive reflectance technology for clinical applications, pharmaceutical manufacturing process quality control, and scientific/industrial research & development. We have just completed the development of a non-clinical, generic device (DepthVision™-α) targeted for use in research & development applications by academia, scientific and industrial customers where three dimensional, ultra-high sensitive optical sensing is required inside turbid media. Furthermore, the same technology components in DepthVision™-α also serves as the prototype platform for a handheld, non-invasive clinical device for accurately locating the optimal vein inside biological tissues to assist medical practitioners with performing venipuncture procedures. This Class II medical device, named VeinVision™, is currently in the alpha-prototype developmental stage. MedView is also actively engaged in collaborative & partnership ventures with companies and higher education research institutions to discover more innovative applications for our IP technology.

Treata Smart Solutions

Pre Seed Round in 2013
Treata Smart Solutions provides caregiving system technology for memory-impaired adults. It offers three products which include The Smart Lost Item Finder, The Smart Wandering Assistant, and The Smart Reminder. These products utilize existing smartphone technology and patent-pending hardware and software added straight on the top. The comp[any was founded in 2012 and is headquartered in Toronto, Ontario.

TrendMD

Pre Seed Round in 2013
TrendMD Inc., founded in 2013 and based in Toronto, Canada, operates a content recommendation engine tailored for scholarly publishers. The company partners with notable scientific publishers, such as Elsevier and Oxford University Press, integrating a JavaScript code into their journal websites to display related article links. This service aims to connect readers, particularly medical professionals, with relevant peer-reviewed content, thereby expediting the dissemination of scientific knowledge. TrendMD's platform generates approximately 500 million recommendations monthly for over 60 million readers. Utilizing a sophisticated algorithm, it creates personalized profiles to enhance user experience and engagement. TrendMD is approaching profitability after its recent participation in a prominent startup accelerator.

OtoSim

Seed Round in 2012
OtoSim is a medical simulation platform specifically designed for training in otoscopy and ophthalmoscopy. Developed by a multidisciplinary team of clinicians, educators, and engineers, the OtoSim device addresses deficiencies in current otoscopic training methods. Its value has been validated through scientific research. The platform serves as an effective medical teaching tool, enabling verifiable learning and enhancing diagnostic efficiency for students. Additionally, OtoSim allows multiple units to connect to a single trainer laptop for group training, facilitating accurate and reliable diagnostic training in medical schools. By improving the educational experience, OtoSim aims to advance the competencies of future healthcare professionals in ear and eye diagnostics.
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