Vivek Goel is the vice-president of research and innovation at University of Toronto.
Back in 2008, MaRS faced a crisis. Construction had suddenly halted on its state-of-the-art innovation centre being built on a prominent downtown Toronto corner. The developer was unable to raise capital because of the global financial crisis. So, it turned to the Ontario government for a loan. As the head of Public Health Ontario at the time, I attended the MaRS meeting with Queen’s Park officials, but we kept getting interrupted by another urgent issue: bailout requests for General Motors.
The Creative Destruction Lab – a seed-stage accelerator affiliated with the University of Toronto’s Rotman School of Management – is a startup success story in its own right.
Since its founding in 2012, CDL has undergone a massive expansion, boasting multiple streams of startups and partnerships with business schools across Canada and into the United States.
It has also emerged as an early leader when it comes to supporting startups in the field of artificial intelligence – technologies many believe are poised to revolutionize everything from transportation to medicine.
A big knock on Bitcoin is that its underlying technology is too slow to be a useful real world ledger. And while developers are tinkering with a variety of fixes—to Bitcoin and other decentralized blockchain protocols—they have yet to solve the speed problem.
That’s why an ambitious new protocol called Conflux is intriguing. The project, which has raised $35 million from Sequoia China and Chinese Internet companies, claims to overcome a key limitation of existing blockchain technology.