A trip to MaRS
Jan. 13th, 2006 08:44 amYesterday I went on a tour of the MaRS discovery district. This is an interesting attempt to create a focus for research and commercialisation, mostly in the biosciences. If it's successful it will be one of very few such urban ventures in North America and has the potential to create 40,000 or so jobs in Toronto. So what is it?
It's a complex of laboratory, office, service and support businesses located at the corner of College and University Avenue, so a stone's throw from Hospital for Sick Children, The Toronto Hospital. U of T Faculty of Medicine, Cancer Care Ontario, Toronto Rehab etc. The idea is that ultimately it will contain about 10 million square feet of usable space though right now there is a little under 2 million. The idea is that by bringing together researchers, venture capitalists, IP lawyers etc in the same ecosystem that serendipitous things will happen and make the complex more than the sum of its parts, which in turn will attract more players. Being in the certain of a major city such as Toronto is also seen as a competitive advantage over the more typical suburban science park.
It's an interesting idea but right now it doesn't really seem to be quite there. Maybe it's just too soon to judge but there are a few things that bother me. Architecturally it's grand but dull. There's nothing about the physical space that excites. In fact at present it feels draining rather than energising. This may be simply because it's not yet reached critical mass or it may be symptomatic of bigger problems. Worryingly, the MaRS corporation doesn't seem to have anybody on staff tasked with facilitating interaction. It's just assumed that it will happen. I'm also bothered by the current tenant mix. There are certainly some innovative/entrepreneurial types but large chunks of space are occupied by public sector bodies who seem to see this as an excuse to get into swankier offices than the government will usually pay for (office space here commanda a 20%+ premium over the downtown core average). What is University of Toronto Asset Management doing there?
I think there's a really neat idea here that if developed properly could be really exciting. I think there's also a huge risk that this will go the way of the typical Ontario public/private partnership, never quite making it but surviving almost indefinitely on government handouts.
Final neat bit. Frederick Banting's desk is in the lobby of the MaRS offices.
It's a complex of laboratory, office, service and support businesses located at the corner of College and University Avenue, so a stone's throw from Hospital for Sick Children, The Toronto Hospital. U of T Faculty of Medicine, Cancer Care Ontario, Toronto Rehab etc. The idea is that ultimately it will contain about 10 million square feet of usable space though right now there is a little under 2 million. The idea is that by bringing together researchers, venture capitalists, IP lawyers etc in the same ecosystem that serendipitous things will happen and make the complex more than the sum of its parts, which in turn will attract more players. Being in the certain of a major city such as Toronto is also seen as a competitive advantage over the more typical suburban science park.
It's an interesting idea but right now it doesn't really seem to be quite there. Maybe it's just too soon to judge but there are a few things that bother me. Architecturally it's grand but dull. There's nothing about the physical space that excites. In fact at present it feels draining rather than energising. This may be simply because it's not yet reached critical mass or it may be symptomatic of bigger problems. Worryingly, the MaRS corporation doesn't seem to have anybody on staff tasked with facilitating interaction. It's just assumed that it will happen. I'm also bothered by the current tenant mix. There are certainly some innovative/entrepreneurial types but large chunks of space are occupied by public sector bodies who seem to see this as an excuse to get into swankier offices than the government will usually pay for (office space here commanda a 20%+ premium over the downtown core average). What is University of Toronto Asset Management doing there?
I think there's a really neat idea here that if developed properly could be really exciting. I think there's also a huge risk that this will go the way of the typical Ontario public/private partnership, never quite making it but surviving almost indefinitely on government handouts.
Final neat bit. Frederick Banting's desk is in the lobby of the MaRS offices.