|
Article Excerpt
Business, government and academia are urged to make Canada much better at developing new ideas and turning them into products, services and processes, in order to reverse the widening gap in living standards between Canada and other countries, particularly the United States. Greater in vestment is needed to make Canada one of the world's five most research-intensive economies by 2010. Regulatory, institutional and tax changes are called for to help finance the commercialization of new ideas generated by R&D. Without improved financing measures, other countries will continue to reap much of the economic benefits of ideas developed in Canada. Remarks as prepared for delivery at the launch of the Medical and Related Sciences (MaRS) Discovery District, Toronto, Ontario, May 12, 2003.
It is a pleasure to be here today for the official launch of the Medical and Related Sciences (MaRS) Discovery District. As the name suggests, this is an ambitious project. It is about linking science, entrepreneurship and finance to create new commercial opportunities and good jobs for Canadians. It is about positioning Canada in the knowledge-based economy. It is about generating future wealth to sustain a high quality of life for Canadians.
It is also noteworthy that we are launching the MaRS project at the same time that the world is celebrating the 50th anniversary of the findings on the structure of DNA by James Watson and Francis Crick. This research led to the Human Genome Project and now to the challenges of genomics and proteomics, which will loom so large in the activity at MaRS here in Toronto.
Like any ambitious project, MaRS is based on the vision and commitment of a small group of people who have spent enormous time and effort to bring this project to the point where today we can celebrate its official launch. A number of people deserve special recognition for this achievement, including the MaRS Discovery District Board of Directors and founders.
I also want to acknowledge Tony Fell, chairman of RBC Capital Markets and Susan Smith, president of Royal Bank Technology Ventures for their early involvement in MaRS on behalf of RBC Financial Group. Susan's group, by the way, will become one of the first tenants of the MaRS project.
To understand why MaRS matters, it is important to see it in the context of the challenges facing our country....
|
|
More articles from Canadian Speeches
Ban media convergence, make papers independent., May 01, 2003
Why CBC needs stronger support.(Starowicz, Mark)(Transcript), May 01, 2003
The case for a public national newspaper.(case for publicly funded com..., May 01, 2003
Control ownership.(speech by Russell Mills)(independence of the media ..., May 01, 2003
Reprise: media worries of 1903.(Chris Dornan)(Transcript), May 01, 2003
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
