MaRS Discovery District gets $290 mln financing to repay loans: Reuters
Major Canadian insurance firms are investing $290 million in a Toronto-based research complex, repaying the bulk of its loans from the Ontario government nearly three years ahead of schedule, Reuters reported. Manulife Financial Corp, Sun Life Financial Inc and iA Financial Group led the financing deal by investing in 19-year bonds issued by Phase II Investment Trust, the innovation hub said. MaRS Discovery District, which focuses on areas including health sciences and technology, has become a successful startup incubator and a part of Ontario's efforts to drive innovation and attract entrepreneurs.
9 February 2017•2 mins read
