About Us

TIAP takes leading-edge health science research from discovery to market

Who We Are

Toronto Innovation Acceleration Partners (TIAP) is a member-driven not-for-profit organization which was created in 2008 (at that time under the name “MaRS Innovation”) by 13 of Toronto’s top universities, institutions and research institutes, plus the MaRS Discovery District as host organization. Our mandate is to bring the members’ most promising research breakthroughs to market. In addition to member support, early funding came from the Federal Government through the Centres of Excellence for Commercialization and Research program.

Our portfolio is built upon a pipeline of health science discoveries from researchers within our member institutions. TIAP works with inventors to explore options to advance their highest potential innovations. This is accomplished through our suite of programs and funding mechanisms.

Our Vision

To make a significant contribution to Canada’s economic outlook and to the quality of life of Canadians and others around the world.

Our Mission

To maximize the commercial and social return on our Member Institution’s research assets, converting great science into commercially viable products and services.

Our Team

Photo of Rafi Hofstein Rafi Hofstein President & CEO

Dr. Raphael Hofstein joined TIAP (then MaRS Innovation) as President & CEO in 2009, the year of the organization’s inception. Under Dr. Hofstein’s leadership, TIAP has incorporated over 50 startup companies; attracted over $300M in seed funding; and has become a key leader in bringing global industry focus on Toronto as a place of important research and commercialization activities.…

Photo of Judy Blumstock Judy Blumstock Executive Director, Corporate Development

Judith provides financial strategy and in-depth portfolio reporting for TIAP and its technologies and companies under management. She also takes an active role in fundraising and investor relations, and leads a variety of special projects. Prior to joining TIAP (previously MaRS Innovation), Judith was a principal with Genesys Capital Partners, one of the largest Canadian-based venture-capital firms focused on the life sciences industry.…

Photo of Phil Goldbach Phil Goldbach Manager, Technology and Venture Development; Manager, Intellectual Property

Phil manages intellectual property (IP) rights across all technologies within TIAP's (previously MaRS Innovation) portfolio. He advises on various forms of IP protection, assessing patentability and managing patent application filings and prosecution decisions. Phil also manages projects in TIAP’s Life Sciences portfolio. He performs technical and market due diligence on new technologies to support and expand TIAP’s portfolio.…

Photo of Stacey Ivanchuk Stacey Ivanchuk Director, Intellectual Property

Stacey has over 10 years experience relating to intellectual property (IP) protection, management and strategy. She oversees and provides strategic advice for all projects in Toronto Innovation Acceleration’s portfolio spanning diverse technical fields, working closely with the venture development teams to evaluate technologies and develop optimal IP protection strategies. In addition to her IP role, she is responsible for strategic oversight of all technologies originating from Baycrest, a TIAP member.…

Photo of Hassan Jaferi Hassan Jaferi Manager, UTEST

As Manager of UTEST, Hassan works with early-stage startup companies from the University of Toronto and its affiliated hospitals. He helps guide UTEST portfolio companies in the areas of business development, marketing, intellectual property, fundraising and strategy. Previously, Hassan was a commercialization manager at MaRS Innovation, now Toronto Innovation Acceleration Partners, where he divided his time between projects located in Innovation York and Sunnybrook Health Sciences Centre’s Technology Transfer office, located in the Sunnybrook Research Institute.…

Photo of Parimal Nathwani Parimal Nathwani Vice President

Parimal Nathwani has over 15 years of experience in various aspects of the biotechnology industry including corporate finance, business development, transactions, intellectual property management, technology development and operations. He has been actively involved in forming and managing start-ups, preparing and executing on business plans, raising early-stage capital and in- and out-licensing activities. Before joining MaRS Innovation, now Toronto Innovation Acceleration Partners (TIAP), Parimal was a healthcare analyst with a boutique investment bank, where he conducted equity research on publicly-traded biotechnology companies in Canada and the U.S.…

Photo of Susanne Staer Susanne Staer Manager, Corporate Affairs

Susanne is the Corporate Secretary for Toronto Innovation Acceleration Partners (TIAP) (previously MaRS Innovation) and as such is in charge of the integrity of the organization’s governance framework, including compliance with various governing and funding requirements; efficient administration of the Board of Directors and its various governing and advisory committees; and management of the process related to the annual general meetings and accurate record keeping of Board decisions and organizational history.…

Photo of Jackie Terry Jackie Terry Executive Assistant to the Vice President

In addition to her responsibilities as EA to the Vice President, Jackie provides administrative support to the boards of several of Toronto Innovation Acceleration Partner’s startup companies.  She also assists with the daily administration of the LAB150 funding initiative for new drug discovery, and is the liaison between TIAP and its partner, Evotec AG, as well as the main contact for the Technology Transfer Offices and researchers at TIAP's Member institutions who wish to apply to the LAB150 program.…