November 12, 2012
TORONTO, ON — The University of Toronto launched its TechnoLABS space today, part of a growing ecosystem at the U of T that offers support and training for student and recent alumni who are leading and building companies based on technological innovations.
“TechnoLABS is a space dedicated to a new generation of student entrepreneurs with strong science and engineering backgrounds who are turning their discoveries in the lab into products and solutions that can benefit all Canadians”, says Cynthia Goh, Director of the Institute for Optical Sciences at the U of T.
Guest speakers at the inaugural event included U of T alumni who have successfully run or launched technology companies such as Graeme Ferguson (co-founder of IMAX); Neil Reid (co-founder of Sciex); Vaugn Betz (founder of Right Track CAD); Tony Redpath (MaRS advisor and former CEO of EcoPlastics); and Darren Anderson (co-founder and CTO of Vive Crop Protection).
“TechnoLABS essentially accelerates the process by which outstanding fundamental science carried out at the university is translated into tangible economic benefits,” says Goh.
TechnoLABS is housed in the U of T’s Banting & Best Centre for Innovation and Entrepreneurship, which fosters and encourages the development of student and alumni-led research.
“Knowledge is the University’s most valuable asset. But before society can reap the rewards, knowledge has to be commercialized and brought to market through entrepreneurship,” says Goh.
For more information contact:
Institute for Optical Sciences
University of Toronto
Tel: (416) 819-4194
University of Toronto Media Relations
Tel: (416) 978-0100