The Toronto-based innovation hub has hired John Duffy, Conal Slobodin and Conor Coles of StrategyCorp to lobby the PMO, the finance department and Innovation, Science and Economic Development. Dr. Raphael Hofstein, MaRS Innovation CEO, told The Logic he’s looking for funding in the “tens of millions” to help promising Canadian biomedical startups stay in Canada, and bridge the gap between seed-stage funding and being established enough to attract venture capital investment. “People start things in Canada but they can’t get funding so they go south and it helps the U.S. economy. That makes no sense,” said Hofstein. (The Logic)
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