By Jane Muller
June 11, 2010
dailywebtv.com
The first multi-tenant building on the 35-acre McMaster Innovation Park (MIP) was officially opened in October 2009 with 80 per cent occupancy. Over the next 15 years, MIP will include other buildings that will house partners in forming a new direction for Hamilton.
“The idea is to create an environment in which innovation can take place – based primarily on research coming out of the university (McMaster) but innovation that would lead to commercialization,” explains Zach Douglas, president of McMaster Innovation Park.
The vision for the park is an internationally-recognized focal point that will have a “significant impact of the region”. Douglas envisions Masters’ students working on advanced technology-related jobs for example.
It’s not enough to come up with ideas and concepts, they need to be brought to the next level as viable products that will result in direct employment on site and indirectly in the community where production can take place. Douglas predicts a broad range of jobs emanating from MIP tenants.
MIP offers support services to the companies already occupying the office and laboratory space. The facility itself gives physical support in the form of a board room conference rooms and a 5,000 square- foot conference facility.
“So far we have attracted quite an eclectic mix actually, some private sector tenants, public sector tenants, research initiatives coming out of the university, some people that are here to support the activities of our strategic tenants,” says Douglas.
In a supportive role is Trivaris Ltd., a company that helps commercialize research ideas and provides financial resources, space and technology to new businesses. Another is an intellectual properties lawyer.
At the time of the official opening, significant tenants also included McMaster’s Department of Family Medicine Research and Programming. Looking ahead, construction is underway for a second, 156,000-square-foot building on the site, which will house CANMET, the federal government’s Materials Technology Laboratory. It is expected that this key partner will draw researchers from around the world.
Douglas predicts that the 120,000 square -feet of rentable space in the newly renovated building will be occupied by the end of the year. For more information and to view the plans for the site visit the MIP website at www.mcmasterinnovationpark.ca.