Invest in Toronto Region: Accelerate Innovation to Drive Competitive Advantage

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Information about Invest in Toronto Region: Accelerate Innovation to Drive Competitive...
Business & Mgmt

Published on July 23, 2009

Author: TorontoRegionResearch



The Toronto Region is a global center of research and innovation. Locate your research-active business in the Toronto Region - a dynamic hub of research-intensive industry sectors and globally-recognized research organizations. The region's unique collaborative environment brings together research and industry to develop breakthrough technologies that have global impact.

Invest in Toronto Region: Accelerate Innovation to Drive Competitive Advantage April 2010 TORONTO REGION RESEARCH ALLIANCE

Breakthrough Innovation Insulin (1921) Stem Cells (1961) Blackberry™ (1999)

Pivotal North American Location

Key Facts 7.4 million people – 4th largest urban centre in North America $349 Billion GDP 64% of population 25-64 with post- secondary education 79,700 science & technology workplaces (308,000 overall) 30% of Canada’s most highly-cited scientists Sources: Environics Analytical Group 2010; Conference Board of Canada, 2007; ISI, 2010

Exceptional Infrastructure Publicly supported, integrated transit systems 100% digital telecom infrastructure 2 Major rail carriers 7 Major highways 6 Airports with 79 carriers Largest, electronically cleared container facility in the Great Lakes

Magnet for Innovative Companies v

Substantial R&D Investment – Canadian Headquarters in Toronto Region R&D Expenditure Rank Company $000 FY2008 CDN Magna International 693,000 3 IBM Canada 397,000 5 Research in Motion 384,000 6 Atomic Energy of Canada Ltd. 329,000 7 Apotex 219,000 9 GlaxoSmithKline Inc. (Canada) 150,000 13 Ericsson 126,000 14 Open Text Corporation 113,000 17 Aastra Technologies Limited 105,000 18 Biovail 99,000 23 AstraZeneca Canada 89,000 25 Source: Research InfoSource 2009

Why the Toronto Region? Global Status Top Talent Outstanding R&D Competitive Costs Advanced Economy Attractive Lifestyle

Global Status

Hub of Leading Clusters Number of key strategic clusters in which Toronto Region ranks in the top 5 in North America Los Angeles 22 Chicago 20 Toronto Region 18 New York 18 Boston 7 Dallas 7 Toronto Region Top Clusters San Jose 5 Houston 4 #2 Automotive Detroit 3 #2 Food Production Philadelphia 3 #2 Financial Services Sources: (US) ISC Harvard 2007, (Canadian) Institute of Competitiveness and Prosperity Canadian Cluster Data 2006

On the Rise and Connected to the World Broadband Penetration, G7 Countries through June 2009 35 Canada Germany 30 France 25 Unit ed Kingdom Unit ed St at es 20 Japan OECD 15 It aly Source : 10 5 0 2001- 2002- 2002- 2003- 2003- 2004- 2004- 2005- 2005- 2006- 2006- 2007- 2007- 2008- 2008- 2009- Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Q4 Q2 Source: OECD 2010

Top Talent

Best Educated Population in the World Percentage of Population with Post-Secondary Education (25 to 64 years of age) 80% 64% 60% 40% 20% 0% To Ru Ca Ja US UK Fr Ge Ita ro s sia n ad pa A an rm ly n to a n ce an Re n Fe y gi o de n rat i on Sources: Statistics Canada, 2006; OECD Education at a Glance, 2007

Most Ethnically Diverse Region Over 100 languages and major dialects 60% of immigrants have at least one university degree Connected to business and science worldwide Source: Statistics Canada, 2006; City of Toronto

Continually Renewed Pool of Skilled Workers 87,000 Graduates /Year 47,000 Immigrants /Year with University Degree 1.8 Million Workers with University Degrees or College Diplomas (25-64 Years) Sources: Statistics Canada, 2006; Common University Data Ontario, 2009

Leading Region for Top Scientists Number of Highly Cited Scientists Per Million People Switzerland 15.14 United States 12.98 Toronto Region 7.96 Sweden 6.89 Israel 6.73 Netherlands 6.31 Denmark 5.66 Canada 5.72 Australia 5.44 Germany 3.18 France 2.60 Japan 2.08 Austria 2.38 Ireland 1.74 Italy 1.43 United 1.05 Source: ISI, 2009

Outstanding R&D

World-Leading Research and Education 9 Universities 12 Academic Hospitals 8 Institutes of Technology and Colleges Over 300 Research Institutes 320,000 Full-Time Students 87,000 Graduating Students per Year 11,450 Faculty Members Sources: Common University Data Ontario, 2010; Ministry of Training, Colleges and Universities, 2006

Advanced Research Collaborations Examples Include: Canadian Institute for Advanced Research Guelph Molecular Super Centre MaRS Discovery District Ontario Centres of Excellence Ontario Institute for Cancer Research Perimeter Institute for Theoretical Physics Sheridan Science and Technology Park

Canadian Institute for Advanced Research Globally recognized Located in the heart of Toronto International, trans-disciplinary research collaborations Over 300 of the world’s top scientists from 13 countries 14 Nobel Laureates 12 Research Programs 1,400 post-graduates

MaRS Discovery District 750,000 sf innovation centre in downtown Toronto focused on creating and growing a new generation of technology companies The MaRS Centre co-locates 65 organizations and 2,000 people from: Multinational companies Public research labs Technology start-ups Venture capital firms Professional services firms Technology transfer offices Regional associations and networks Over $350 million in funding from the private sector, the Governments of Ontario and Canada, and university and regional stakeholders

Ontario Institute for Cancer Research $142 million funding by the Government of Ontario Toronto based Modeled after the Broad Institute at Harvard and MIT Multi-disciplinary and multi-institutional collaboration Supports over 50 internationally recognized researchers across the province Led by Dr. Tom Hudson, world-leading genomics researcher

Perimeter Institute for Theoretical Physics World leading foundational theoretical physics research institute Located in the thriving city of Waterloo $175 million endowment 42 resident researchers 300-plus visiting scientists per year Shared knowledge agreements with 30 universities worldwide

Advanced Research Resources Examples Include: Automotive Centre of Excellence at University of Ontario Institute of Technology Canada Centre for Electron Microscopy at McMaster University Ontario Tumour Bank ORION/CANARIE high bandwidth networks Positron Emission Tomography Centre at the Centre for Addiction and Mental Health The University of Toronto Structural Genomics Consortium

Canadian Centre for Electron Microscopy $ 18 million facility with most advanced suite of electron microscopes in the world Shared vision of almost 90 researchers across Canada Key component of national nanoscience strategy Opened in June 2007 at Brockhouse Institute for Materials Science at McMaster University

ORION/CANARIE high bandwidth networks ORION Leading-edge network for Ontario’s research community Spans 5,800 km to 21 cities in Ontario Electronic resources for faculty and students Access to almost 10 million articles from over 7,600 research journals CANARIE Links ORION users to researchers across Canada and around the world World’s first national, user-controlled, optical Internet research and education network

Competitive Costs

Competitive Operating Costs for R&D Low Operating Costs for Research and Development Toronto 95.8 Raleigh 96.4 Dallas 97.7 Houston 97.9 Chicago 98.8 Paris 100.1 Boston 100.8 San Diego 100.9 London 101.7 New York City 102 Frankfurt 103.6 Tokyo 108.9 95 100 105 110 Cost Index: 100 = US Average Source: KPMG Competitive Alternatives 2010

Lowest Expenditure on Health Care as a Percentage of GDP in G7 (2007) Ontario 7.6 70% of health care costs Japan 8.1 in Canada are publicly- funded compared to 45% United Kingdom 8.4 in the United States. Italy 8.7 Canada 10.1 Germany 10.4 France 11.0 United States 16.0 Sources: OECD Health Data 2008,, 2009

Lower Corporate Income Taxes (% of income) Ontario 32.0% North Carolina 41.9% New York 42.1% Illinois 42.3% Indiana 43.5% Massachusetts 43.8% California 43.8% Pennsylvania 45.0% Sources: Deloitte Quick Facts 2008, Federation of Tax Administrators 2010, OECD Tax Database 2009

Exceptional R&D Tax Credits* France 123.9 Canada 100 Japan 85.9 U.K. 84 U.S. 80.6 Italy 77 Germany 76.1 *Index Canada = 100 Source: Think Canada March 2010

Favourable Cost of Living Toronto 70.9 Index = 100 (New York) Chicago 80.7 Los Angeles 87.6 London 92.7 Paris 95.1 Shanghai 95.2 Singapore 98 New York 100 Hong Kong 108.7 Tokyo 143.7 Source: Mercer Cost of Living Survey, 2009

Additional Support Grants and loans Ontario Advanced Manufacturing Investment Strategy (AMIS) Ontario Market Readiness Program Ontario Biopharmaceutical Investment Program (BIP) Ontario Next Generation of Jobs Fund Federal Industrial Research Assistance Program (IRAP) Federal Sustainable Development Technology Canada Federal Technology Partnerships Canada Other Support Regional Innovation Centres and Sector Innovation Centres Ontario Centres of Excellence Industry Liaison Initiatives by Universities, Colleges, Institutes of Technology, and Hospitals

Advanced Economy

Large Multi-Sectored Economy Resilient to business cycles Exceptional support services Cross-sectoral scope and synergy Large talent pools in critical staff areas Magnet for knowledge and creativity

Leading the Convergence of R&D Clusters Photonics Robotics Electronics Medical devices Environmental technologies Advanced Medical imaging Nanotechnology Manufacturing Biomaterials Quantum computing Stem cell research ICT BIO Cryptography Drug development Digital Media Biomarkers Wireless Health informatics Proteomics Agri-Food

Attractive Lifestyles

Appealing Lifestyle Options Safe environment Vibrant arts and culture Exceptional sports and recreation Great variety of urban, suburban and rural communities

Leadership and Commitment The Hon Dalton McGuinty, Premier Courtney Pratt TRRA Founding Co-Chairs: Chairman Mr. Gordon Nixon, CEO, RBC Financial Group Toronto Region Research Alliance Dr. John Evans, Chair, MaRS Discovery District (TRRA Launch October 2005)

TRRA offers R&D Investors 1. Key information and data 2. Quick access to regional leadership (governments, business and institutions) 3. Reliable navigation and introductions to the most relevant regional resources

Let’s Get Started …. Global Status Top Talent Outstanding R&D Competitive Costs Advanced Economy Attractive Lifestyles

Why Invest in Toronto Region? Click to play embedded video

For more information, contact us: Toronto Region Research Alliance MaRS Centre, Heritage Building 101 College Street, Suite HL30 Toronto, ON M5G 1L7 Email: Tel: 1 416 673 6674 Fax: 1 416 673 6671

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