MaRS Discovery District plans $60-million innovation hub with UCalgary

A sign for MaRS Discovery District in Toronto in July 2018. JHVEPhoto/Shutterstock

Canada’s largest innovation hub is planning a $60-million tech accelerator in Calgary, in partnership with the University of Calgary, The Logic has learned. The proposed expansion, dubbed MaRS West, would be the first facility outside Toronto. 

Local entrepreneurs, however, worry the hub will divert resources from several other initiatives already in place to support Calgary- and Alberta-based startups. 

“MaRS West will be focussed on propelling the growth of novel technology-based companies from the seed stage to scaling firms with $100 million+ in annual revenue,” reads a draft of the plan obtained by The Logic.

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